Mayor Brandon Johnson has unveiled an initiative called Build Better Together aimed at promoting inclusive and sustainable economic growth in Chicago. The announcement was made at the groundbreaking for a new mixed-income housing project at 79 W. Monroe St. The strategy focuses on public-private partnerships and collaboration among various city departments and economic agencies.
Mayor Johnson stated, “To drive development, growth and meaningful achievement in a city as large and diverse as Chicago, we must include all sectors and citizens—from businesses, institutions and government to the residents of all 77 community areas. Build Better Together will maximize the connections between all stakeholders and accelerate the development of infrastructure and assets that will not only enable successful change and progress in the near term but also foster a culture of continuous improvement.”
The strategy is structured around three pillars: quality and affordable housing, business innovation and job growth, and neighborhood investment. According to Deputy Mayor Kenya Merritt, “Build Better Together is a critical next step in our citywide effort to deliver lasting, neighborhood-level economic progress. By deepening our partnerships, removing structural barriers, and strategically investing in neighborhoods, we’re ensuring that every resident and business has a stake in—and benefits from—Chicago’s economic future.”
The initiative draws from successes of past projects such as "Cut the Tape" and the 2024-2028 Housing and Economic Development bond. DPD Commissioner Ciere Boatright highlighted, "The holistic approach is expediting project approval timelines by more than 40% while creating more opportunities for as-of-right construction through proactive zoning changes that support density, vitality, and transit-oriented investments."
Moreover, the initiative targets the foundation of small businesses as vital components of the local economy. BACP Commissioner Ivan Capifali stated, “Small businesses are the foundation of our economy, and Build Better Together is a game-changer in how we support them.”
DCASE Commissioner Clinée Hedspeth emphasized the role of Chicago’s cultural identity in economic growth, noting, "Chicago’s cultural identity is one of our greatest economic strengths."
Echoing the potential of Chicago for businesses and residents, World Business Chicago President & CEO Phil Clement said, “Chicago’s economic success is driven by bold ideas, targeted investments, and strong public-private collaboration. The Build Better Together strategy reflects this momentum—connecting businesses, investors, and communities to opportunities that generate inclusive, sustainable growth across the city and region."
The ongoing efforts to attract businesses have already seen results, with 140 companies expanding or relocating to Chicago in 2024. Clement highlighted the city's achievements saying, "Business attraction remains a core focus for our team and board, with every member actively recruiting and managing a pipeline of high-potential companies."
For further details, interested parties can access more information on the official city website.