Economic Development
Economic Development plays a vital role in our community revitalization and in improving the quality of life for residents of New Chicago. Business Development is one of our core initiatives. This involves supporting the creation of new businesses and fostering an environment where entrepreneurs can thrive. The goal is to stimulate local economic growth, create jobs, and increase opportunities for residents.
- Economic Development of Current Businesses: Alongside new business creation, we help existing businesses grow and succeed. This includes providing resources, networking opportunities, and support for local enterprises to expand their operations and improve their services.
- Comprehensive Redevelopment Strategy: Business development is integrated with other community improvements such as new housing, home rehab, parks, signage, streets, medians, gardens, and arts. This holistic approach is designed to make New Chicago a more attractive place to live, work, and invest.
Why This Matters
- Job Creation: Supporting both new and existing businesses helps generate employment opportunities for residents.
- Economic Growth: A thriving business community boosts the local economy and increases the quality of life.
- Community Vitality: Business development, when combined with other redevelopment efforts, contributes to a vibrant, sustainable neighborhood.
- The NMCA, CDC Community Redevelopment Plan for 2026 includes a strong emphasis on business development as part of its broader strategy to revitalize the community.
Join Us: Be a part of our economic development and bring about the revitalization of New Chicago. Entrepreneurs, start-ups, and veteran business owners, contact us with your business plans and let's work to make your business flourish in New Chicago.
