Economic Development
Enhanced Services Placemaking

Economic Development

Chicago Loop Alliance continually strives to advance the future of the Loop through economic development advocacy and initiatives, including a successful residential committee to address the needs of a growing Loop demographic.

Chicago Loop Alliance marketing team attending 2024 IDA Annual Conference
President and CEO Michael M. Edwards discussing Activate
Chicago Loop Alliance marketing team attending Democratic National Convention

Other economic development work included:

Hospitality Hires

Supporting programs like Hospitality Hires to assist job seekers with opportunities at downtown organizations

State and Lake CTA station designed by Transystems SOM rendering courtesy of CDOT

Monitoring the progress of the CTA State and Lake L station, including a public viewing platform and second “Gateway” in front of the Chicago Theatre

State Street Clings

Enhancing the façade of State Street buildings in preparation for the 2024 Democratic National Convention

10%
increase in pedestrian activity compared to 2023
3%
increase in hotel occupancy compared to 2023
15%
higher office occupancy rate than 10-city national average throughout 2024
$6.5million
in economic impact during the two 2024 Sundays on State events alone
1.3million+
Sundays on State attendees since its 2021 inception
1,088
jobs supported by Sundays on State in 2024
90%
of vendors at Sundays on State were from underrepresented communities