Reorienting State and Regional Economic Development: Lessons Learned from National Examples
A new CMAP report—the first installment of a two part series—explores some of the states and metropolitan regions that have already begun developing innovative strategies to reorient economic development practices. Some of these examples could prove instructive for Illinois and metropolitan Chicago. The examples include broad-based state policies; the implementation of regional collaboration and cluster support; and improvements to transparency and accountability. Based on this research, CMAP envisions opportunities for the State of Illinois and metropolitan Chicago to improve upon current economic development practices. This research will be undertaken in the next phase of this effort.