Chicago's Business Climate

Home to an unrivaled talent pool, Chicago is centrally located at the nexus between European and Asian markets, and the North American Free Trade zone. The region features a strong, globally diverse economy larger than that of many countries, has a uniquely friendly and welcoming business community, and boasts one of the best quality-of-life to cost-of-living ratios in the nation.

Tremendous Talent

Stellar educational institutions develop a steady stream of talent in Chicago.

Central Location

Chicago is at the center of global trade, transit, and data networks.

As Big as a Country

Chicago's $698B GRP is more than countries like Argentina, Sweden, and Poland.

13%

is the largest portion of the workforce that any single industry employs in Chicago.

Economic Diversification Matters

A diverse economy remains strong even during times of trouble in certain sectors.

Chicago's Diverse Economy

Growing Nexus of Innovation

From the world’s first skyscraper to the invention of improv comedy, Chicago has always been a hothouse of creativity & innovation; a place where ideas are seen as the highest form of currency.

Chicago's Innovation Ecosystem
400

startups launched per year on average.

4

Today we have convened private, public, and nonprofit leaders to focus on four desired outcomes: (1) Inclusive Growth (2) Population Growth (3) Prosperity During Change, and (4) Recession Resiliency. We have identified four growth clusters which have strong potential to drive economic growth: (1) Transportation, Distribution and Logistics, (2) Technology, (3) Tourism and Hospitality, and (4) Healthcare and Life Sciences.

Economy 2030

We are leading the city’s long-term economic development plan.

International Ties

Illinois companies have more than 9,800 locations in 158 countries.

Chicago's Global Ties
1,900

foreign-based companies call Chicago home.

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