A poster calling on U.S. Immigration and Customs Enforcement (ICE) to get out of the community hangs on a door in the Little Village neighborhood on January 22, 2025 in Chicago, Illinois.

A poster calling on U.S. Immigration and Customs Enforcement (ICE) to get out of the community hangs on a door in the Little Village neighborhood on January 22, 2025 in Chicago, Illinois.

A new study shows the steep economic cost of 2025’s ICE raids in Chicago. Fear kept many immigrants home, draining the area of more than $1.26 billion in lost retail, restaurant, and sales-tax revenue.

(Image credit: Scott Olson/Getty Images)

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