A newly released study by the Anderson Economic Group LLC (AEG) found that the $693-million of investments made by Chicago Neighborhood Initiatives (CNI) in the Pullman, Roseland, West Pullman and Riverdale neighborhoods have generated a $1.46-billion economic impact and added 7,800 new jobs. The study covers the years 2010-2023.
The Community Benefits and Economic Impact Study, led by COO Tyler Theile and senior consultant Crita Benton focuses on household outcomes, neighborhood change and investment trends in the Far South Side. According to the study, the development of manufacturing, industrial, warehousing, retail, restaurant and medical services such as the ones at Pullman Park, 111th Street Gateway Retail Center and Pullman Crossings are creating desirable jobs that generate income that is spent and re-spent in the community.
“CNI’s ability to leverage the assets of the Far South Side, such as its proximity to the port and
expressways and the availability of open land, have attracted numerous businesses and generated
short- and long-term benefits to the Pullman/Roseland community and the Far South Side,” said 9th
Ward Alderman Anthony A. Beale. “What they’re doing is important, impactful and, best of all,
replicable.”
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