Economic Development
Letter from the President & Chair Enhanced Services

Economic Development

The challenges of the past few years continued to impact the Chicago Loop in 2022, and Chicago Loop Alliance dedicated significant efforts to economic development and recovery. Innovative programming continued to serve as a primary driver for recovery in the Loop, including Sundays on State, ACTIVATE, and the State Street Holiday Market. CLA’s 2022 programs created millions in economic impact for the central business district.

Other economic development work included:

Promoting Member Business and Programming

Allocating more budget to promoting member businesses and programming

Chicago Returns Week

Supporting initiatives like Chicago Returns Week to encourage office workers back to the Loop through programming, events and offerings

Hospitality Hires

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

LaSalle Reimagined

Participating in the analyzing and forecasting in the LaSalle Reimagined study with Chicago Urban Land Institute

LaSalle Aglow

Creating popular and engaging artistic opportunities utilizing vacant storefronts in the LaSalle Corridor during the winter months with LaSalle Aglow

State Street Holiday Market

Engaging Black, Latinx, and other underrepresented business owners to become part of the Loop economy through targeted outreach for Sundays on State and State Street Holiday Market participants

increase in pedestrian traffic during first Sundays on State event compared to 2019
increase in pedestrian traffic during first Sundays on State event compared to 2020
increase in pedestrian activity on State Street in the Loop compared to 2021
increase in hotel occupancy compared to 2021
increase in number of office workers in the Loop compared to 2021
windows activated during LaSalle Aglow
State Street Holiday Market vendors
of vendors at Sundays on State were from underrepresented communities
Sundays on State Vendors Chart