Chicago Businesses Hit 10-Year Low | Magnificent Mile Sto...

What this episode covers

Chicago is facing a serious business decline. According to the Illinois Policy Institute, the city had just 44,840 active business licenses in 2024 — its lowest in a decade and down 17% from 2015.The famous Magnificent Mile has been hit especially hard, losing over 50% of its businesses in the past 10 years. Meanwhile, some neighborhoods like New City have seen growth, but overall, the city continues to struggle.

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Frequently Asked Questions

How long is this episode of News For Reasonable People?

This episode is 21 minutes long.

When was this News For Reasonable People episode published?

This episode was published on August 28, 2025.

What is this episode about?

Chicago is facing a serious business decline. According to the Illinois Policy Institute, the city had just 44,840 active business licenses in 2024 — its lowest in a decade and down 17% from 2015.The famous Magnificent Mile has been hit especially...

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