Despite declining manufacturing employment, Chicago has continuously reinvented itself -- resulting in a thriving, diverse economy that leverages the throngs of young professionals continually attracted to the city.
"As other Midwestern cities have struggled with waning manufacturing employment, Chicago has survived by repeatedly reinventing itself. Once a monument to retail, banking, meat-packing and manufacturing, it now boasts a strong presence in accounting, computer-systems design, legal services and consulting, among others."
"Based on an economic measure called industrial diversity, Chicago has developed an economy that more closely reflects the broad national economy than almost any other city in the country. That means it is less exposed to the stumbles of any given industry than cities in the lower half of the rankings."
"With its lakefront parks, an extensive public-transit system and a thriving arts and culture community, Chicago attracts young professionals from around the country for jobs with relatively high incomes."
"Like the fast-changing weather here, not all is sunny. Per capita income growth has been constrained, perhaps by the city's vast influx of Mexican immigrants, says William Testa, Midwest economist for the Federal Reserve Bank of Chicago...Chicago also remains challenged by poverty, crime and racial segregation, though by some measures they have stabilized or eased somewhat during the past decade."
[Editor's note: Although this article is only available to WSJ subscribers, it is available to Planetizen readers for free through the link below for a period of seven days.]
FULL STORY: Tale of a Warehouse Shows How Chicago Weathers a Decline
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
Google Maps Introduces New Transit, EV Features
It will now be easier to find electric car charging stations and transit options.
Ohio Lawmakers Propose Incentivizing Housing Production
A proposed bill would take a carrot approach to stimulating housing production through a grant program that would reward cities that implement pro-housing policies.
Chicago Awarded $2M Reconnecting Communities Grant
Community advocates say the city’s plan may not do enough to reverse the negative impacts of a major expressway.
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