Larysa Salamacha - Initiative for a Competitive Inner City

Our Experience—Business &
Community Response
• Land use assurance promoted reinvestment particularly by local family owned firms
• Business growth in the Goose Island PMD: 25 firms employing 1,000 workers in
1991; 100 firms employing close to 5,000 workers in 2012
• Industrial jobs pay ―Head-of-Household‖ wages, are full time and provide benefits;
barriers to entry for industrial jobs are fewer
• Outdated Clybourn Corridor loft bldgs buffered high end residential to the east in
Lincoln Park and heavy industry to the west and provided needed retail space
resulting in home owner support for the PMD
• The housing market moved to less restricted areas fueling growth in the Bucktown,
Wicker Park, Ukrainian Village and Lincoln Park communities
• Highest and best use is nuanced and complex—mfg. jobs have a jobs multiplier of
3.5 jobs; locally produced goods sold mostly outside the city and creating wealth in
the community; taxes receipts are greater for industry