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The
Chicago region is thriving economically, challenged by rapid growth and
working to reach its full potential. Our diverse economy provides a base
for sustained growth, yet this very growth presents additional challenges
to housing supply, transportation, education and regional cohesion. Our
region is facing critical choices. We must act together to ensure that
everyone participates in the regions growing prosperity and that
growth enhances the quality of life for all residents.
Goals
and Progress Measures
| Regional
Economy |
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Growing
Economy |
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Robust
businesses will power our economy and increase the regions prosperity,
its prominence and its attractiveness to people and companies. |
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Progress
Measures
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The regions labor force grew by 7.7% during the 1990s. The
unemployment rate for the region fell to 4.1% in 1999 from a high
of 7.4% in 1992.
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The average annual wage is more than 20% above the national average.
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The number of corporate headquarters with 500 or more employees
has grown by 16% during the 1990s. However, the number peaked
in 1997 and has declined in 1998 and 1999.
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Value-added per employee, a measure of productivity, has grown
2.1% annually since 1989, outpacing the national average. Nine
of the regions 15 major industry sectors also outpaced the
national average for their respective
sectors in value-added.
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Despite an average influx of about 40,000 foreign-born immigrants
each year since 1990, the region has an annual net migration loss
because about 60,000 area residents move elsewhere each year.
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Innovation
and Entrepreneurship |
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The
region will be known for its success in developing innovative products,
businesses and industries. |
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Progress
Measures
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Venture capital investments in Chicago-region firms tripled from
$387 million in 1998 to $1.19 billion in 1999, but the regions
share of national venture capital investment has hovered around
2% for each of the past six years.
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During the 1990s there was a 156% increase in the number of gazelle
companies, those with annual sales of over $1 million and annual
growth rates greater than 20% in each of the last four years.
The regions share of the nations fast-growth companies
has remained steady at just under 3%.
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| Transportation
& Land Use |
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Efficient
Land Use |
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Most
new development will make efficient use of existing infrastructure,
land and buildings. |
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Progress
Measure
- From
1970 to 1990, the amount of urbanized land in the region increased
nearly eight times faster than the rate of population growth.
But between 1990 and 1995, population grew faster than the growth
of urbanized land in DuPage, McHenry, Will and Lake Counties.
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Efficient
Mobility |
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The
region will improve its efficiency in moving people and goods. |
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Progress
Measures
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Only 9% of new housing constructed between 1990 and 1995 was built
within one-half mile of a Metra or CTA train station. Before 1990,
about 46% of all housing was constructed within walking distance
of a rail station.
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The share of new jobs located near transit stations declined from
49% in 1990 to 46% in 1995.
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Drivers experience at least 44 hours of traffic delay due to congestion
each year, an increase from 31 hours in 1990.
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Transit ridership overall is at its highest level since 1994,
and on a per-capita basis, ridership shows a recent gain after
a long period of decline.
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Between 1990 and 1999, non-stop international flights from the
region increased 95%.
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| Housing |
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Housing
Choice and Affordability |
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All
people will have access to quality, affordable housing that is accessible
to jobs across the region. |
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Progress
Measures
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Two-thirds of homes sold in the Chicago region in 1999 were affordable
to buyers earning the regions median income, up from 59%
in 1995. However, houses in many sections of the region are not
affordable to buyers earning a median income.
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More than one-third of the regions one million rental households
are considered rent burdened because the renters pay
more than 30% of their monthly income in rent.
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The region had a net loss of more than 46,000 rental units between
1990 and 1998 despite strong job growth.
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| Community
Life |
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Shared Prosperity |
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All people and places will benefit from the regions prosperity. |
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Progress Measures
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Per
capita income has shown steady annual growth, and growth between
1990 and 1998 was nearly double the national rate.
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During most of the 1990s, annual income for low-income households
in the region rose at three times the national rate.
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An estimated 11.3% of the regions population lived below
the federal poverty level in 1997, a slight increase over 1989.
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The share of people living in concentrated low-income areas in
the Chicago region decreased, from 8% in 1980 to an estimated
5.6% in 1999. The number of concentrated high-income census tracts
has more than quintupled since 1980.
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Safe
Neighborhoods |
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People
will feel safe in their homes, workplaces, schools and neighborhoods,
regardless of the income levels in that community. |
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Progress
Measures
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Violent crime dropped 25% in the region during the 1990s but remained
above the national rate, while crimes against property decreased
20% in the same period, mirroring the national trend but also
remaining above the national rate.
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Sixteen percent of the regions population does not feel
that their neighborhoods are safe for children.
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Healthy
People |
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Residents
at all income levels will have access to high quality and affordable
health care that focuses on wellness and prevention. |
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Progress
Measures
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Between 1995 and 1998, the share of residents lacking health insurance
increased from 13.9% to 18.7%, pushing the regions uninsured
rate above the national average.
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Some 46% of eligible children in the region have been enrolled
in KidCare, the states health coverage for low-income
families. That compares with a statewide enrollment of 68% of
the eligible families.
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Infant mortality rates decreased 24% between 1990 and 1997, improving
for all racial groups.
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The percentage of pre-school children not immunized for the flu
virus declined to 5.8% in 1999, down from 8.8% in 1997.
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The regions death rate from heart disease decreased 22%
between 1990 and 1997, but was still higher than the national
rate.
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| Natural
Environment |
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Environmental
Stewardship |
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The
region will practice good stewardship of the environment, including
air, water, natural habitats and open space. |
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Progress
Measures
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Since 1972, development within the Chicago regions 3,749
square miles has claimed 840 square miles of agricultural land,
160 square miles of forests and grasslands and 30 square miles
of wetlands and streams.
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The share of the region that is permanently protected open space
increased from 5.1% in 1990 to 7% in 2000.
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Measurements of the Chicago regions air quality vary dramatically
from year to year but have shown improvement over levels of the
1980s.
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Sixty-one percent of the regions stream miles were rated
by the State in good condition for the period between 1993 and
1997, compared to 45% a decade ago.
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| Regional
Stewardship |
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Leaders
and residents will make local decisions that benefit the entire region.
Businesses, government, education and community leaders will collaborate
to tackle regional challenges.
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