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. Strong, successful programming like Sundays on State contributed to the millions in economic impact for the central business district.

IDA

2023 International Downtown Association (IDA) Conference

CLA hosted the record-breaking 69th Annual International Downtown Association Conference & Marketplace in October, attracting 1,500 downtown place managers from around the world. The conference theme “Community, Culture & Commerce” aptly provided insightful ideation through 11 Master Talks; 27 tours to Chicago neighborhoods and beyond; 34 breakout sessions; and additional events and receptions at some of downtown’s beautiful venues.

IDA General Session IDA Session Room

Other economic development work included:

Hospitality Hires

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

LaSalle Reimagined

Participating in the advocacy of implementing the LaSalle Reimagined study recommendations

Sundays on State

Engaging Black, Latinx, and other underrepresented business owners to join the Loop economy through targeted outreach for Sundays on State participants

Chicago Loop Residential Community

Establishing an ad hoc residential committee to investigate and aid in the expansion of the Loop’s residential community

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

$7,799,697
in economic impact during the two 2023 Sundays on State events alone
3,000+
jobs supported by Sundays on State in 2023
88%
of vendors at Sundays on State were from underrepresented communities
270,000+
Sundays on State attendees
+95%
increase in pedestrian traffic during second Sundays on State event compared to 2019
+25%
increase in pedestrian activity compared to 2022
+7%
increase in hotel occupancy compared to 2022
$3,555,106
in economic impact due to 2023 IDA Conference
+3%higher
Chicago office occupancy rate compared to the 10-city national average throughout 2023