Criteria for prioritization of projects.
Municipal Code of Chicago § 16-8-140
in effect16-8-140 Criteria for prioritization of projects.
Priority will be given to projects that:
(a) directly facilitate or enable the construction of a facility for a specific new or expanding industrial use;
(b) create or retain jobs for city residents;
(c) eliminate severe, long-term barriers to reuse of vacant or underutilized industrial land and facilities, such as environmental contamination;
(d) are located in areas targeted for investment by the department in its economic development strategy;
(e) commit to hiring residents of qualified investment areas, as defined in Sec. 16-14-020;
(f) show a clear path to financial closing and construction start; and
(g) are economically viable and sustainable.
(Added Coun. J. 7-26-17, p. 53898, § 1)
Source: City of Chicago, Municipal Code of Chicago (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/chicago/latest/chicago_il/0-0-0-2680600Fetched: 10/24/2026