Chicago DNC Generates $371 Million Economic Impact Despite Mixed Business Reactions
The 2024 Democratic National Convention in Chicago, heavily funded by Gov. JB Pritzker and unions, showcased the city but left some local businesses underwhelmed.
- The Democratic National Convention raised $97 million, with major contributions from Gov. JB Pritzker and labor unions.
- The convention reportedly brought $371 million in economic impact to Chicago, though economists question the accuracy of such claims.
- Despite the economic boost, some local businesses, particularly in the restaurant industry, did not see expected increases in sales.
- The event supported over 3,200 jobs and generated $28.7 million in state and local tax revenue, according to a report by Choose Chicago.
- The convention's spending prioritized local vendors, with significant allocations to minority- and women-owned businesses.