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Vital Communities
In addition to addressing the region’s
segregation, equitable regional prosperity
requires improved quality of life and increased
economic opportunity for all residents. OUP
enacts policies that improve workplace
conditions, such as a minimum wage increase
and paid sick time, and works with local
municipalities to ensure these initiatives benet
all County residents. We also invest in affordable
housing; support neighborhood infrastructure
including water, sewer, sidewalks and roads;
and fund social service agencies that serve
low- and moderate-income communities.
Recognizing and addressing the complex
relationship between housing, employment and
transportation, and the disparate access to each
for marginalized residents, is key to creating an
equitable and vibrant community.
An important driver of economic prosperity
in the County is to promote a more
regionally equitable distribution of economic
development. This requires strategic
investments designed to maximize impact,
such as prioritizing employment services
in communities with high availability of
affordable housing but low availability of jobs.
Additionally, this requires focused investments
in specic communities facing the biggest
challenges. For example, while Cook County’s
south suburbs are asset-rich with people,
businesses, land and infrastructure critical
to our regional economy, population loss,
foreclosures and government and private
sector disinvestment have led to the region
becoming increasingly disconnected from the
regional economy. To address the population
loss, high unemployment and high levels of
poverty, we launched the South Suburban
Economic Growth Initiative (SSEGI) to increase
connections to regional resources and
institutional capacity to manage large scale,
comprehensive growth in the south suburbs.
To achieve similar impact throughout the
County, we will proactively partner with
communities to develop a ve-year plan to
guide the distribution of future federal funds
and direct County resources.
We have embraced best practices in economic
development by adopting a regional
approach to growing our economy. Regional
economic development acknowledges that
local governments and municipalities have a
collective interest in working together rather
than engaging in wasteful competition. This
approach allows us to work collaboratively with
the City of Chicago and surrounding counties
to promote equitable growth and develop new
initiatives that strengthen the economy of the
entire region. That includes the Chicago Metro
Metal Consortium and the Chicago Regional
Growth Corporation, which furthers global
trade and investment for the region.
In addition to a regional and sector-based
approach to economic development, equitable
growth requires us to build a more robust
set of tools to help small businesses and
entrepreneurs, particularly those owned
by women, minorities or people living with
disabilities. While minorities make up more
than 35 percent of the population nationally,
they own less than 20 percent of businesses
and only 17.4 percent of businesses with at
least one million dollars in revenue.
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The distinctively local dynamics of inequality
in our area reafrm the importance of local
leadership for understanding and improving
economic opportunities to reduce disparities
for all residents.
The objectives and strategies that follow
represent the County’s commitment to
supporting inclusive local and regional
economic growth.