A planning agency is warning that the suburban business environment might be starting to slow down, but locals are skeptical.
The suburban counties are typically seen as one of the most economically stable parts of Illinois. But the Chicago Metropolitan Agency for Planning is warning that recent population losses may be causing that economic engine to sputter.
CMAP is the regional planning agency serving the northeastern Illinois counties of Cook, DuPage, Kane, Kendall, Lake, McHenry and Will.
Cook County saw a total population loss of more than 20,000, according to U.S. Census Bureau data released last month. DuPage, Kane, Lake, McHenry and Will counties are now experiencing net negative domestic migration as well.
That’s different from total population change, which factors in births and immigration. Kane, Will, McHenry and Kendall saw small gains in total population. The organization’s report said the growth and economic viability could be affected if the losses persist.
“While it is typical for older metropolitan areas to lose residents to other U.S. regions, the persistent, growing outmigration from all of the region’s counties is concerning,” according to the report. – READ MORE
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