* From Progress Illinois…
A new study shows that 52,404 new jobs came to downtown Chicago between 2002 and 2011 thanks to economic development investments, yet only one in four of those positions went to city residents.
Suburbanites and people in prosperous Chicago communities like Lakeview and Lincoln Park mostly gained those jobs, and residents in the city’s predominantly black and Latino neighborhoods were largely excluded, the report issued Tuesday by Grassroots Collaborative found.
From 2004 to 2008, the city spent more than $1.2 billion in public, tax increment financing (TIF) funds for these type of downtown, job creation investments, according to the report called, “Downtown Prosperity, Neighborhood Neglect: Chicago’s Black and Latino Workers Left Behind.” […]
From 2002 to 2011, the city added 129,054 new jobs that paid annual salaries of at least $40,000, yet it lost 182,938 jobs that paid less than that figure. During this time period, Chicago’s neighborhoods lost a total of 10,121 jobs.
The full report is here.
* Meanwhile, the rent is too darned high…
Illinois ranks fifth highest in the nation for college tuition and fee rates, according to ISAC figures. It also ranks high among states that provide financial aid to college students, but the money just isn’t going as far as it used to.
Universities are increasing tuition and fees on students as public aid for higher education continues to face cuts as Illinois comes to grips with its various financial troubles.
Poshard said tuition rates at SIU have risen about 6.8 percent in the last decade, below the state average but still making affordability tougher on low- and middle-income students with each passing year. President Abraham Lincoln was said of universities they represent the people’s right to rise, Poshard said.
“The question is whether higher education these days still represents the people’s right to rise?” he added.