Chicago outlines technology initiative

The "Chicago Technology Action Plan: Positioning the City for Leadership in the Digital Economy," outlines both long- and short-term initiatives, including:

Stimulating the growth of technology startup firms by providing a suitable business climate.

Developing a technology infrastructure that stimulates growth in the industry.

Educating the work force.

Increasing Chicago residents' awareness and exposure to technology.

"Chicago has unmatched potential to become a powerhouse in the technology economy of the next century, but we need to be positioned to capitalize on our advantages over other metropolitan areas," Daley said.

In addition to the technology action plan, Daley announced a new incubator campus for Internet startups and the creation of the Big Shoulders InterTech Fund, a Chicago-based seed capital fund. The fund is a public-private partnership that will invest in startup and early-stage technology companies in Illinois or those committed to relocating to the state.

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