Mayor Emanuel's Retail Thrive Zones initiative is a three-year pilot program aimed at strengthening the economic vitality of eight neighborhood commercial corridors. Each of the Retail Thrive Zone corridors, located on the City’s South, Southwest, and West sides, have economic challenges, but they also have strong potential for growth. Within those corridors, the City will offer an evolving package of financial assistance to entrepreneurs and business.
By focusing on targeted areas, the City is able to roll out programs more quickly, experiment with new ideas, and expand those that are successful to other parts of the city.
A main goal of the Retail Thrive Zones program is to make it easier for businesses to apply for financial incentives. This website is currently in its pilot phase, improving the accessibility of Class 7 property tax incentives and the Enterprise Zone Sales Tax Exemption.
Right now, you can:
The bedrock of Mayor Emanuel’s economic development platform is to improve quality of life in our neighborhoods and combat the economic conditions that lead to crime, with a particular focus on communities that are not receiving private investment. The Thrive Zones program is intended to promote entrepreneurship, build community-based wealth and employment, and improve access to amenities in those neighborhoods. To do this, the City is working with local community organizations to implement a series of evolving initiatives.
In general, the Retail Thrive Zones program will focus on three goals:
If you have questions or are interested in any of the Retail Thrive Zone programs or economic development incentives, please contact Mayor Emanuel’s Retail Thrive Zones Coordinator at RetailThriveZones@CityOfChicago.org.
For more information about the Retail Thrive Zone communities, please contact our neighborhood partner organizations:
|Austin||Austin African American Business Networking Associationemail@example.com|
|Back of the Yards||Back of the Yards Neighborhood Councilfirstname.lastname@example.org|
|Bronzeville||Quad Communities Development Corporationemail@example.com|
|Chatham (79th Street)||Greater Chatham Initiativefirstname.lastname@example.org|
|Englewood||Greater Englewood Community Development Corporationemail@example.com|
|South Shore||Far South Community Development Corporationfirstname.lastname@example.org|
|West Humboldt Park||West Humboldt Park Development Councilemail@example.com|
|West Pullman||Far South Community Development Corporationfirstname.lastname@example.org|