What's Happening?
Waukegan is experiencing a significant increase in business activity, with 20 new businesses opening in the second quarter of 2025. This growth is part of a broader trend that began post-COVID, with a net of 1,744 business licenses issued or renewed since 2022. Notable new establishments include a gourmet restaurant aiming for a Michelin star and a community-focused barber shop. The city has seen its business licenses double from 1,616 in 2022 to 3,360 in 2025. Mayor Sam Cunningham and the Waukegan Chamber of Commerce are actively supporting this growth, emphasizing the city's potential as a vibrant place to live and work.
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Why It's Important?
The influx of new businesses in Waukegan is a positive indicator of economic recovery and growth following the challenges posed by the COVID-19 pandemic. This development not only boosts local employment but also enhances the city's attractiveness as a commercial hub. The diverse range of new businesses, from dining to personal services, reflects a robust entrepreneurial spirit and a supportive local government. This trend could lead to increased consumer spending and further investment in the area, benefiting the broader community and local economy.
What's Next?
Waukegan's continued business growth is likely to attract more entrepreneurs and investors, potentially leading to further economic development. The city's efforts to streamline services and support business owners suggest a commitment to sustaining this momentum. As new businesses establish themselves, there may be opportunities for collaboration and community engagement, fostering a vibrant local economy. The success of these ventures could also inspire similar initiatives in neighboring regions.
