This quote highlights Chicago’s economic resilience and adaptability over time. It emphasizes how the city has managed to maintain its industrial base even as it attracts new businesses and becomes a hub for trade and transportation. By diversifying its economy, Chicago has ensured that it remains relevant in changing times.
The deeper meaning of this statement reveals the strategic importance of maintaining traditional strengths while embracing innovation and change. Jane Byrne is pointing out that cities can thrive not just by clinging to their past successes but also by actively seeking new opportunities and growth areas. This balance allows a city like Chicago to remain competitive, attract both old and new investors, and establish itself as an essential location for business activities such as conventions and transportation logistics. By doing so, the city fosters economic stability and dynamism.
Jane Byrne served as the mayor of Chicago from 1979 to 1983. Her tenure was marked by efforts to revitalize the city’s economy and address social issues. Known for her ambitious urban redevelopment projects and progressive policies, she played a significant role in shaping Chicago's economic landscape during a period of national economic downturns and challenges.
