Chicago mayor embraces economic plan for city

AP News

3/1/2012 10:52:10 AM - AP News

Saying the city has been mired in a "lost decade," Chicago Mayor Rahm Emanuel unveiled a plan he contends is designed to revitalize the metropolitan area's economy.

Emanuel on Wednesday accepted a blueprint called "A Plan for Economic Growth and Jobs," which was developed by World Business Chicago, the city's economic development agency.

The study promotes 10 goals, among them speeding up growth in advanced manufacturing, becoming more competitive in transportation, making the city more attractive as a center for business services and headquarters, and making it more attractive as a tourist destination.

While the 60-page report has lofty goals, it stops short of proposing specific initiatives.

Emanuel says the city must take bold action and promote the city's strengths to avoid another decade of lost economic opportunity.