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Global Economic Powerhouse Among the top 10 Cities of Opportunity (2 nd in the U.S., 9 th worldwide) –PwC, 2014 Among the top 10 Global Cities of today –A.T. Kearney, 2014 Top 10 Economic Development Group –Site Selection magazine, 2015 Among the top 10 global business hotspots of 2025 –The Economist Intelligence Unit, 2013 2 nd most powerful global city in the United States –The Atlantic compilation of global city rankings from The Economist, A.T. Kearney, McKinsey, Global Financial Centres Index, 2012 3 rd best foreign direct investment strategy among 50 major North/South American cities –fDi Intelligence, 2015/16 4 th most economically powerful city in the world –Global Economic Power Index, R. Florida and Martin Prosperity Institute, 2012 1 “America’s Best Downtown…” - Forbes, 2011
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Chicago has one of the world’s largest and most diversified economies at over $561 billion in annual GRP -- a truly global city, ranked the 4 th most economically powerful city in the world Home to more than 400 major corporate headquarters including 31 Fortune 500 HQs, 300 corporate R&D facilities, and ranked #2 North American City for International HQs, with a thriving tech ecosystem Chicago lies at the heart of a tremendous talent pipeline in the metro: 150 higher ed. institutions graduating 150,000 people every year, including two of the top business schools in the world #1 best-connected airport in the U.S., offering non-stop flights to 200+ worldwide destinations carrying 87 million passengers annually; 546 million public transit passengers; and $188 billion of imports and exports. Chicago’s centralized location enables easy fast access for business trips to either coast Chicago is a truly international city, offering a phenomenal quality of life with hundreds of world-renowned cultural institutions in an architecturally stunning, creative, and vibrant global city Chicago is among the world’s 10 most competitive cities for business. - The Economist Intelligence Unit Why Chicago? 2
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A Few Recent Company Wins for Chicago 3
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Innovation Hub Nearly 100 innovation centers in Chicago (incubators, accelerators, co-working spaces) 1871 is one of the top 5 business incubators in the world 300 corporate R&D facilities 1,700 patents issued by inventors in the city of Chicago last year $1.9 billion in annual R&D at Chicago colleges and universities 96 Nobel Prize winners 143 tech companies received funding and 39 companies exited Startup successes include Careerbuilder, Groupon, GrubHub, Morningstar, Orbitz Record high amount of venture capital invested in Chicago startups in 2015 ($1.7 billion) $8.2 billion in acquisitions and IPOs in 2015, including HERE, Coyote, and Merge Healthcare 4 “Chicago’s startup scene is on fire” - Forbes, 2013 Source: Built In Chicago (2015), JLL (2014), UBI Index (2014), U.S. Patent and Trademark Office (2014), MNI (2013), National Science Foundation (FY 2013)
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Out of the Loop Submarkets Includes new and expanding facilities that meet Conway/Site Selection criteria: (a) capital investment of at least $1 million, (b) at least 20* new jobs, (c) at least 20,000 square feet of new floor area. World Business Chicago captures project information at the time of announcement from media outlets, press releases, company websites, subscription services and WBC internal reporting. The quality of each record depends on the availability of data and resources to input and confirm information; data subject to revision. *Criteria were broadened in 2014 to a net gain of 20 jobs from a net gain of 50 jobs
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Expanding Businesses 2011-2015 Includes new and expanding facilities that meet Conway/Site Selection criteria: (a) capital investment of at least $1 million, (b) at least 20* new jobs, (c) at least 20,000 square feet of new floor area. World Business Chicago captures project information at the time of announcement from media outlets, press releases, company websites, subscription services and WBC internal reporting. The quality of each record depends on the availability of data and resources to input and confirm information; data subject to revision. *Criteria were broadened in 2014 to a net gain of 20 jobs from a net gain of 50 jobs
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theMART-New Food Hall
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