new study shows that 52,404 new jobs came to downtown Chicago between 2002 and 2011 thanks to economic development investments, yet only one in four of
those positions went to city residents.
Suburbanites and people in prosperous Chicago
communities like Lakeview and Lincoln Park mostly gained those jobs, and residents in the city's predominantly black and Latino neighborhoods were largely excluded, the report issued Tuesday by Grassroots Collaborative found.
2004 to 2008, the city spent more than $1.2 billion in public, tax
increment financing (TIF) funds for these type of downtown, job creation
investments, according to the report called, “Downtown Prosperity, Neighborhood Neglect: Chicago’s Black and Latino Workers Left Behind.”
type of development creates disparities clearly along racial lines, and
the city should not be endorsing policies that shift more money to a
smaller group of the city," said Eric Tellez, research and data manager with Grassroots Collaborative, a coalition of community and labor groups. "For all of the city to do well, all of its residents need to do well.
Prioritizing downtown development to the exclusion of neighborhoods is
an economic development strategy that is failing most people in the