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Economic Development

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Quick Hit
by Ellyn Fortino
2:38pm
Mon Apr 8, 2013

South Side Residents Question TIF Use In 8th and 9th Wards At Town Hall Meeting

Chicago’s tax increment financing, or TIF, program is intended to spur economic development and create jobs in neighborhoods that need it most.

But more than 50 South Side residents questioned the program’s impact upon learning this weekend that millions of property tax dollars were diverted from local schools and other units of government and awarded to private companies.

“Even though they’re for blighted areas, we find that places in the city are using TIF money, like the Central Business District and LaSalle Street,” Tom Tresser, co-founder of the CivicLab, said at a TIF town hall meeting Saturday at Chicago State University.

Quick Hit
by Ashlee Rezin
8:35pm
Wed Feb 27, 2013

Unemployment Report: Legislative Focus Needs To Be On Job Creation, Not Austerity

Unemployment rates are not expected to improve for white, Latino and African American workers through 2013, according to a new report from the Economic Policy Institute, prompting a recommendation for legislators that focus more on job creation.

“In the fourth quarter of 2012, nationwide unemployment rates were 6.3 percent for whites, 9.8 percent for Hispanics, and 14 percent for blacks. These elevated rates are projected to remain essentially unchanged at the end of 2013,” the report reads.

Quick Hit
by Ashlee Rezin
12:07am
Wed Feb 27, 2013

Robin Kelly Wins Illinois’ 2nd Congressional District Primary Election (VIDEO)

Former State Rep. Robin Kelly of Matteson has won the Illinois 2nd Congressional District’s primary election Tuesday to become the Democratic nominee in the race to fill the seat left vacant by disgraced former congressman Jesse Jackson Jr.

Kelly will run in the district’s April 9 general election to replace Jackson Jr., who pled guilty last week to misusing some $750,000 in campaign funds.

With more than half of the district’s 545 precincts reporting, Kelly won the special primary with 54 percent of the vote. Major contenders during Kelly’s campaign were Democratic candidates former congresswoman Debbie Halvorson and Chicago Ald. Anthony Beale (9th).

Quick Hit
by Ellyn Fortino
6:44pm
Tue Feb 26, 2013

Low Expectations For Voter Turnout Met With Even Worse Attendance Than Anticipated In Homewood

On any other election day, voters would typically be lined up outside Winston Churchill School in Homewood waiting for the polling doors to open at 6 a.m.

But when today’s special 2nd congressional district primary kicked off, only one person was waiting, said Homewood election judge Lester Kloss.

“That pretty much set the tone of the day,” said Kloss, who’s worked Homewood elections since 2004.

“We knew it was going to be light, but we didn’t think it was going to be quite this light.”

Quick Hit
by Steven Ross Johnson
4:25pm
Tue Feb 26, 2013

Checking In With Ald. Beale & His Hopes For The 2nd District On Election Day

On a dreary day in an area that has seen more than its fair share of ethically-challenged elected officials, an expectedly low voter turnout was the story at many polling places Tuesday as residents came out to cast their ballots in the race to replace former Illinois 2nd Congressional District U.S. Rep. Jesse Jackson Jr.

Polling places remained mostly empty throughout the district during much of the morning, an outcome that can be attributed just as much to a high level of voter apathy than to the snowy weather.

Such was the scene at Bennett Elementary School on the far South Side, where congressional candidate and 9th Ward Chicago Alderman Anthony Beale went to cast his ballot this morning.

PI Original
by Steven Ross Johnson
5:18pm
Mon Nov 19, 2012

Illinois Revenue Projections, Allocation Procedures Need Revamping, Report Finds

A new report from the governor’s advisory commission on improving the state’s budget process is calling on lawmakers to find a more accurate way of estimating how much revenue the state takes in, and become more flexible when it comes to how those funds are allocated.

Quick Hit
by Matthew Blake
9:58am
Fri Aug 3, 2012

Third Chicago Airport Far From A Sure Thing

Prior to a leave of absence that began June 9, U.S. Rep. Jesse Jackson, Jr. (D-Chicago) was focused on the construction of a third Chicago area airport in the south suburb of Peotone. So it was interesting to see the Chicago Sun-Times report Monday that a top Illinois Department of Transportation official said the Peotone airport “is going to happen.” Was a longtime Jackson goal finally realized with Jackson out?

The short answer is no. A proposed Peotone airport must get FAA clearance on several matters, and secure significantly more money. Plus, a standoff between Will County and Jackson must be resolved.

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