John,
When COVID-19 hit our city, my administration took action to lay the foundation for an equitable and inclusive economic recovery. Chicago became the first major city in America to publish an economic recovery plan.
And now, with our economy fully reopened, Chicago is coming back.
Residents are finding new jobs and returning to work. Our city’s unemployment rate in May was lower than those of New York City and Los Angeles. And last month, more than 400,000 Chicagoans saw a raise in their paycheck as a result of our work to increase the minimum wage.
We’re seeing a strong uptick in high-end condo sales downtown, but also the strongest home prices in years on the South Side in Chatham.
Our tourism and hospitality business is rebounding. Hotel bookings are picking up—especially on weekends—and businesses and other special events are coming back all across the city.
Last month, I traveled to San Francisco with a delegation of business leaders and other members of my administration. We met with West Coast business leaders to highlight Chicago’s robust tech community and build upon our recent success of bringing new companies to our city.
Just this year, 43 companies chose to relocate or open a new location in Chicago. 65 additional companies expanded their operations and hired more employees here—16 of which are located on our South and West Sides. Despite the challenges of this pandemic, we maintained our rank as the top metro area for corporate relocations and expansions.
This crisis has been one of the most difficult chapters in our city’s history. But through these challenges, we retained the resiliency for which our city is known.
Now, it’s our time to keep building an economic recovery that uplifts every Chicagoan.
Thank you,
Mayor Lori E. Lightfoot
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