Cook County Receives Grant to Support Economic Resiliency
A $200,000 grant has been awarded to the Chicago Metro Metal Consortium (CMMC), led by Cook County’s Bureau of Economic Development, to support economic research and resiliency in the Chicago region’s defense industry supply chain. The award is part of a $2.4 million grant from the U.S. Department of Defense’s Office of Economic Adjustment to the University of Illinois at Chicago (UIC).
The 18-month grant, managed by UIC’s Nathalie P. Voorhees Center for Neighborhood and Community Improvement, supports the use of an online supply chain mapping tool for regional partners like the CMMC, to enhance the competiveness of the defense industry supply chain. Partners will have access to real-time data for an informed perspective of the military’s manufacturing and supply chain in Illinois, and will help quantify the effect of Department of Defense changes, expansions and cutbacks in these regions.
“Cook County and the Chicago Metro Metal Consortium welcome the opportunity to serve as a partner in this effort,” said Cook County Board President Toni Preckwinkle. “We plan to translate the insights gained from the supply chain data into meaningful opportunities for businesses in Cook County.”
The grant marks the second phase of the State of Illinois Defense Industry Adjustment (DIA) Program, a data-driven initiative to assist communities and businesses linked to the defense industry to adapt to changes in technology and military spending. The first phase of the project identified the full scope of defense assets across the state, as well as industries that are reliant on military spending.
“Research and scholarship in support of Illinois communities is a key component of our institution’s public mission,” said Michael D. Amiridis, UIC Chancellor. “UIC is proud to team with community partners from across the state to provide them with critical information that will help identify areas of advancement or vulnerability, and shape their economic development strategies for the future.”