Musical acts vary from local artists to nationally known artists like Carlos Santana, Moby, Kenny Rogers or Robert Plant. Since 2008, The Chicago Country Music Festival no longer occurs simultaneously with Taste of Chicago as it departed the Taste of Chicago for its own two-day festival typically held in the fall. Rides are also present, such as a Ferris wheel and the Jump to Be Fit.

Arnie Morton is the creator of the event. He decided to line up Chicago restaurants to participate and persuaded then- Chicago mayor Jane Byrne and Commissioner of Cultural Affairs Lois Weisberg to block off Michigan Avenue for the first Taste of Chicago on July 4, 1980. Of the 100,000 people the organizers expected, over 250,000 showed up, with food and soda sales grossing $300,000 at its inception. The next year, the Taste of Chicago was moved to Grant Park and grew in size and scope, becoming a 10-day event with more food vendors and musical performers; it also became the world's largest food festival.

ChicagoFest, started by mayor Michael Bilandic, was the precursor to the Taste of Chicago. After Bilandic's tenure in office, newly elected Mayor Jane Byrne attempted to end the festival as well as many other programs associated with the former mayor. Many Chicagoans disapproved of Mayor Byrne's attempt to stop the festivities (although attendance at ChicagoFest had begun to wane). She and her successor, Mayor Harold Washington, dedicated more time and energy to promoting the Taste, slowly phasing ChicagoFest out in the process. Mayor Washington finally put an end to ChicagoFest when in 1983 it was moved from Navy Pier to Soldier Field and attendance continued to wane. The popularity of the Taste of Chicago has prompted other cities to spawn numerous offshoots and equivalents throughout the United States, such as the Taste of Champaign, CityFest in Detroit, the Taste of the Danforth in Toronto, the Taste of Kalamazoo, Taste of Addison, Taste of Denver, Taste in Dallas, Taste of Madison, Taste of Austin, the Taste of Peoria in Peoria, Illinois, and the Bite in Portland to name a few. The first "taste of" festival was Taste of Cincinnati in 1979.

According to wikipedia