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 2018.)

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 November 2018.)

 

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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 2018.)

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 November 2018.)

 

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Asset Publisher

Updates

March 30, 2023

State of the Region 2023: Northeastern Illinois supports equity and resilience in new survey; 7 community projects and leaders lauded for achievements

The State of the Region program celebrates the organizations and individuals successfully working to improve northeastern Illinois, its communities, and its people.

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January 05, 2023

New partnership and tool to strengthen economic development

Read the Regional Economic Newsletter to learn about a historic economic development partnership, a new tool on job quality and access, and more.

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January 04, 2023

City of Chicago, Cook County & Six Chicagoland Counties Announce First-Ever Regional Partnership for Economic Development

Regional leaders announced the formation of the Greater Chicagoland Economic Partnership, a first-of-its-kind united effort to drive a regional economic strategy.

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December 01, 2022

New tool on job quality and access, updates from the Regional Economy Committee, and more

The latest Regional Economic News includes info about a new tool and updates on mobility recovery, regional housing coordination, and more.

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November 30, 2022

New tool and strategies to strengthen regional economic development

A new innovative tool on job quality and access will help CMAP, economic development organizations, and other partners improve northeastern Illinois’ economic position.

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October 05, 2022

Regional leaders come together to maximize metropolitan Chicago’s economic growth

Leaders from the seven counties and City of Chicago, in partnership with economic development organizations, are shepherding a new era of regional economic cooperation.

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April 25, 2022

Building an inclusive and thriving northeastern Illinois through public-private partnerships

A new CMAP program aims to use public-private partnerships to make the delivery of infrastructure projects more efficient and effective.

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March 08, 2022

Governor Pritzker’s 2023 budget proposal affects transportation, other priorities in northeastern Illinois

Learn how the state budget proposal affects transportation and other policy priorities in the region and across Illinois.

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April 02, 2021

Northeastern Illinois’ economic recovery is lagging one year since pandemic began

A recent analysis from the Chicago Metropolitan Agency for Planning (CMAP) found the region has regained 43 percent of the jobs lost in 2020, but the rebound has slowed since the holiday season...

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August 01, 2019

Chicago region attracting—but not retaining—working age adults

A well-educated and talented resident pool provides the workforce needed to keep the economy thriving. As highlighted in a prior analysis, when the economy is healthy, residents are more likely...

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December 06, 2018

Labor force recovery has varied by race, ethnicity, with starkest differences for blacks

Although the Chicago region has made strides since the 2007-09 recession, recovery has been slow and lagging behind many peer metropolitan regions.  The economic downturn created significant ec...

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March 06, 2019

The benefits of adding more services to Illinois' sales tax base

This analysis is one of a series examining transportation funding in northeastern Illinois and explaining the revenue recommendations included in ON TO 2050.

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December 04, 2014

December 4, 2014

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January 29, 2014

Sales Tax Rebate Database Analysis Highlights Prevalence of Rebate Agreements in Metropolitan Chicago

Download the PDF. The structure and duration of sales tax rebate agreements greatly influence the level of public funds local governments use to attract and retain businesses and development...

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November 07, 2014

Cook County property tax classification effects on property tax burden

The use of property tax classification in Cook County makes it difficult to encourage and strengthen non-residential development in existing communities.

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May 11, 2016

Sales tax rebates remain prevalent in northeastern Illinois

Download PDF now. In Illinois, municipalities and counties receive sales tax revenue based on the location of sales. This structure has resulted in the rise of an economic development inc...

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November 29, 2017

Property tax burden in the Chicago region

Nov 29, 2017 Property tax burden in the Chicago region Download the PDF. The tax structure affects a government's ability to attract and retain businesses and provide public services for its r...

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February 16, 2018

White House Releases Infrastructure Proposal and FY 2019 Budget

Feb 16, 2018 White House Releases Infrastructure Proposal and FY 2019 Budget On February 12, 2018, the White House released both an infrastructure proposal and a budget proposal for federal Fi...

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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 th...

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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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