From the Editorial Board: For too long, the Chicago region has been held back by a “survival of the fittest” approach to prosperity.
Mayor Lori Lightfoot talks with Kevin Considine, president and CEO at Lake County Partners, while at the Greater Chicagoland Economic Partnership conference at the Chicago History Museum on Jan. 4, 2023.
There’s hope, however, that this cutthroat mentality within the region may be waning. On Wednesday, Mayor Lori Lightfoot, Cook County Board President Toni Preckwinkle and leaders from the collar counties and civic groups announced a partnership that touts a “no poaching” policy across the region, along with a commitment to data-share and collaborate on luring new businesses big and small to the Chicago area.
That’s too bad, because a regional approach to economic development works. We know because we’ve seen it elsewhere. That’s smart urban planning. Chicago and its suburbs are far too interconnected to operate as islands. Workers and commerce symbiotically flow between communities. We know that’s hard for politicians to grasp. They want to be able to tout in news releases that they’ve persuaded a mega-firm to relocate its headquarters to their turf, and it doesn’t matter that those jobs and tax revenue have been lured away from a nearby community.
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