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Chicago Economy
Quick Hit
by Ashlee Rezin
7:47pm
Mon Mar 4
1 comment

Illinois Business Leaders Call On Counterparts To Support Immigration Reform

It is economically imperative for America, and the Midwest specifically, to further embrace immigrant populations into its workforce, according to a panel of Illinois’ business executives who urged immigration reform today at The Chicago Club.

The panel, which was comprised of members of the Chicago Council On Global Affairs’ Task Force on Immigration and U.S. Economic Competitiveness, introduced a recent report (PDF) that discusses the role of immigrants in the corporate sector. The group also encouraged members of The Chicago Club to support economic policies that would advance immigrants in the job sector.

“We as a nation must work harder to attract and retain immigrant talent and avoid wasting the potential of the immigrants already here,” the report reads. “Our problem: the nation’s broken immigration system is holding back the region’s economic growth and clouding its future.”

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PI Original
by Ellyn Fortino
11:26am
Wed Feb 20

Galewood Community Takes Ald. Graham To Task Over Proposal For Area's Fifth Pawn Shop

Chicago City Council

It may have been bitter cold outside, but the tension was boiling last night at a Galewood community meeting over plans for a fifth pawn shop along a half-mile stretch of North Avenue near the Oak Park border. Progress Illinois was there and has more on the community debate over the controversial shop.

Quick Hit
by Ashlee Rezin
7:45pm
Thu Feb 7

Foreclosure Crisis Is Far From Over In Chicago Area, Report Finds

Chicago has not reached the other side of the foreclosure crisis, a new report from the Woodstock Institute has revealed. But with new ordinances like the Cook County Land Bank Authority, the Windy City may be headed in the right direction.

Last year, Chicago’s six county region saw the highest year-over-year growth in completed foreclosure auctions since the beginning of the foreclosure crisis in 2008, according to the Woodstock Institute report. Foreclosure auctions, which indicate the foreclosure process is finished, grew by 73.8 percent, from 20,281 auctions in 2011 to 35,244 auctions in 2012.

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