Economic growth
Tax Incentives for Small Businesses and Startups
To promote growth in Chicago's economy and foster a dynamic business environment, my plan includes providing tax incentives for small businesses. These incentives will be designed to ease the financial burden on new and growing enterprises, encouraging investment and expansion. We will implement graduated tax rates, provide deductions for research and development, and offer credits for hiring within the city. This strategy aims not only to attract fresh talent to Chicago but also to support local entrepreneurs in scaling their operations and competing on a global stage.
Streamlining Regulatory Processes
An essential aspect of improving Chicago's business climate involves streamlining bureaucratic procedures that currently hinder economic growth. By adopting a more efficient, digital-first approach to permits, licensing, and inspections, we will dramatically reduce wait times and costs for businesses. This reform will include a simplification of existing regulations to ensure they serve their intended purpose without unnecessary complexity.
Investing in Infrastructure and Connectivity
Investing in modern, sustainable infrastructure is pivotal to Chicago's economic development. My plan focuses on enhancing transportation networks, digital connectivity, and green spaces to make the city more accessible and appealing to businesses and their employees. This involves listening to what transportation experts propose to make the CTA more efficient and safe for everyone.
Workforce Development and Education
To ensure Chicago's economy is not only vibrant but also inclusive, my administration will prioritize workforce development and education. By partnering with local universities, trade schools, and businesses, we will create targeted training programs that equip Chicagoans with the skills needed in today's high-demand industries. Initiatives will include apprenticeships, tech-focused education programs, and continuous learning opportunities for adults. This approach aims to bridge the skills gap, providing residents with pathways to well-paying jobs and ensuring businesses have access to a skilled workforce, thereby driving economic growth and social mobility within the city.
