Regional Economic Indicators

Regional Economic Indicators

Metropolitan Chicago is one of the world's great economic centers.  The following indicators track key trends in the region and provide insight into the health of our economy.  

The Trends indicators track our economy's growth and prosperity. (Data updated May 2018.)

Workforce

The Workforce indicators gauge whether metropolitan Chicago's workforce is prepared for tomorrow's economy. (Data updated November 2017.)

Clusters

The Clusters indicators explore how our infrastructure and industrial assets are being leveraged. (Data updated February 2018.)

Innovation

The Innovation indicators demonstrate how new ideas are being sparked to attract investment. (Data updated September 2017.)

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Updates

February 15, 2018

White House Releases Infrastructure Proposal and FY 2019 Budget

Feb 15, 2018 White House Releases Infrastructure Proposal and FY 2019 Budget On...

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December 15, 2010

Dusting Off the Income/Property Tax Swap Debate

Illinois continues to face a $14 billion (and growing) budget deficit, and following the November elections, new revenue enhancing strategies are being proposed by lawmakers to address both the de...

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January 03, 2011

Other Voices on the Property Tax System

A recent Policy Update examined the issues surrounding an income/property tax swap . On December 20, 2010, the Civic Federation released a position paper on Cook County's property tax system th...

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January 21, 2011

The Many Benefits of Supporting Regional Industry Clusters

The Brookings Institution recently released a new report on the benefits of supporting regional industry clusters. The report, by Mark Muro and Kenan Fikri, discusses how industry clusters can "...

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February 11, 2011

Linking Transportation Investment with Economic Growth

On January 21, 2011, the Bipartisan Policy Center (BPC) released a report, " Strengthening Connections Between Transportation Investments and Economic Growth ." It is a product of the BPC's Natio...

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February 24, 2011

Regression Analysis of Property Tax Assessments

A recent feature in Land Lines , a quarterly magazine from the Lincoln Institute of Land Policy , contrasts tax policies in the City of Chicago and DuPage County. Authored by the institute's v...

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March 08, 2011

Redevelopment to Link Transit and Jobs

One of the GO TO 2040 plan's primary goals is for the region to redevelop more than 100,000 acres of currently vacant or under-used land, which is ripe for a mix of residential and commercial us...

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April 15, 2011

International Economic Analysis Will Build on GO TO 2040

To compete with other global economic centers, the region and its communities must build on and protect our many assets by planning collaboratively and comprehensively. GO TO 2040 's comprehensiv...

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May 16, 2011

U.S. Mayors Want More Funding Directed to Metropolitan Regions

While the geography of metropolitan life best reflects economic life, most federal investment decisions are made usually the delivery systems of states, which sometimes have a powerful incentive t...

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May 24, 2011

Federal "Jobs and Innovation Accelerator Challenge" Announced

On Friday, May 20, the Economic Development Administration (EDA, part of the U.S. Department of Commerce), the Employment Training Administration (ETA, part of the U.S. Department of Labor), and t...

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June 09, 2011

Programs of Study Working to Transform Education in Illinois

The State of Illinois plans to transform education by coordinating programs related to science, technology, engineering, and mathematics (STEM) at all stages, from pre-school through adult. In 201...

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July 14, 2011

Chicago's Population Declines, Economic Core Strengthens

While Chicago's population declined over the past four decades, there are also signs that the City's economic core strengthened. Bill Testa, vice president and director of regional research at the...

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August 31, 2011

TIF Reform Panel Releases Final Report

On August 29, 2011, the City of Chicago's TIF Reform Panel released its final report . The panel was formed in May 2011 to make recommendations regarding the transparency, accountability, and eff...

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October 27, 2011

Evanston Township Seeks Dissolution

Evanston Township's trustees recently voted to draft a referendum for the March 20, 2012 ballot that would ask voters whether Evanston Township should be dissolved and the township's duties tran...

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November 03, 2011

Advantage Illinois Initiative Promotes Innovation

Economic innovation plays a major role in producing sustainable economic prosperity and enhancing the global competitiveness of regions like ours. Funding for commercialization is crucial, and the...

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December 08, 2011

State and Local Governments Continue Progress in Sharing Data, Coordinating Services

In June 2011 , CMAP's Policy Updates blog covered efforts by the State of Illinois, Cook County, and the City of Chicago to support efficient governance by improving access to information and coo...

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January 12, 2011

America COMPETES Act Reauthorized

On January 4, 2011, President Obama signed the America COMPETES Reauthorization Act of 2010, reauthorizing "various programs intended to strengthen research and education" related to science, te...

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January 13, 2011

Understanding the State Income Tax Increase

On January 12, 2011, the Illinois General Assembly approved Senate Bill 2505 , which includes an income tax increase. The bill includes temporary rate increases to the individual and corporate in...

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January 20, 2011

Improving Decision Making through Integrating Education, Economic, and Workforce Development Data

A prosperous economy depends on a skilled and educated workforce that fulfills the needs of today's businesses and adapts to skill needs of the future. One significant challenge faced by Illinois ...

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February 09, 2011

CMAP Federal Agenda 2011

The federal government is critical to the success of GO TO 2040 . It must decide how to allocate billions in taxpayer dollars annually across a variety of different programs, services, and projec...

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