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Recent Northlake City News Articles

                     City Desk

A recent Chicago Tribune editorial spoke about the rankings of the world’s 60 most global cities by Foreign Policy Magazine. Chicago was ranked number 8. This is good news not only for Chicago, but the entire Chicago region. As the Tribune editorial stated, “Global cities, according to the magazine, ‘are those that excel across multiple dimensions’. They are influential hubs of business, culture, sports and international policy debate. They draw people from around the world.”

The editorial also noted that Chicago ranked second, behind only London, as the best city in which to get a college degree and was third in human capital for “how well the city acts as a magnet for diverse groups of people and talent.” Chicago was ranked 12th in business activity and 20th in cultural experience.

All of these things are important to the economic prosperity of the Chicago region in which the City of Northlake is centrally located.  We are indeed fortunate to be a part of this dynamic region. Our opportunities for continued and growing prosperity are great. As Chicago goes, so goes the entire metropolitan area. We are connected whether we like it or not. Our leaders in Springfield must promote and focus on the area’s strength’s if we are to continue to be a world leader.

On another note – although the economic news of late has been gloomy, three bright spots appeared which have relevance to the City of Northlake:

1. The Chicago Tribune reported that sales in McDonald’s stores was up 5.3 per cent in October;
2. An article in the November 10 issue of Crain’s Chicago Business recommended that Wal-Mart stock would be a good investment as their sales will increase due to the economic downturns;
3. The same Crain’s article also spoke highly of Home Depot for the same reasons.

All three of tehse companies have stores in Northlake. Healthy sales translate to stable sales tax revenue to theCity of Northlake. Strong sales at these locations also means more traffic in our retail area which is good for all of our retailers, which in turn contribute to our strong retail base.

As we close the book on 2008, let’s look forward to a better 2009. May you all have a safe, healthy, prosperous and happy New Year.

Top 10 global cities:  New York; London; Paris; Tokyo; Hong Kong; Los Angeles; Singapore; Chicago; Seoul; Toronto. (Source: Foreign Policy Magazine.)