The Illinois Medical District (IMD) is a special-use zoning district located just west of downtown Chicago. The District consists of 560 acres of medical research facilities, labs, biotech business incubator, raw development area, universities and more than 40 health care related facilities. The District is a 24/7/365 environment that includes world-class medical centers and hospitals, with convenient access to public transportation and major expressways. Governed by seven appointed Commissioners, the District is focused on expanding innovation in healthcare, medical science, information technology, biotechnology, medical devices, clean technology and supportive assisted living.
According to the results of an economic impact study released by the IMD Commission (IMDC) on October 24, 2013, the IMD adds $3.4 billion to the Chicago region’s economy, is responsible for more than 18,000 jobs that otherwise would not exist, and contributes more than $75 million to the tax revenue of the state and nine-county Illinois portion of the Chicago Metropolitan Statistical Area. The full study can be accessed here.
© Illinois Science and Technology Coalition
Illustration by Dieter Braun
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