COOK COUNTY BUREAU OF ECONOMIC DEVELOPMENT DEPARTMENT OF PLANNING AND DEVELOPMENT Commercial Forum Committee October 9, 2012.

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Presentation transcript:

COOK COUNTY BUREAU OF ECONOMIC DEVELOPMENT DEPARTMENT OF PLANNING AND DEVELOPMENT Commercial Forum Committee October 9, 2012

Revise Consolidated Plan  Revise per CMAP 2040 Plan and County priorities  Acknowledge diminishing resources  Bolster economic development activities 2

Land Bank Advisory Committee  Returning vacant and abandoned property to productive use  Land Bank Advisory Committee named 3

Council of Economic Advisors  Appointed by President Preckwinkle in July 2012  Will provide high level advice on economic trends and strengths 4

Tax Incentive Work Group  Goals: Retool incentives to attract more industry, stimulate expansion/retention of existing industry and increase employment opportunities 5

Built in Cook Loan Pool  Section 108 Loan Fund  Gap financing for job-creating development projects  Types of projects: TOD, COD, mixed use hospitality/service projects, business expansion 6

Contact Us  María Choca Urban, Director  Department of Planning and Development  Cook County Bureau of Economic Development  69 W. Washington  Suite 2900  Chicago, Illinois  Telephone: (312)