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

Our region has one of the most diverse economies in the country. Its historic strengths - abundant talent, strong infrastructure assets, and central location - are vital in recovery. WBC is leading an integrated strategy ranging from targeted business attraction to specific workforce investments in four high-growth sectors that will position our economy well for recovery: (1). Manufacturing; (2) Transportation, Distribution & Logistics; (3). Healthcare & Life Sciences; (4). Food & Agriculture.

COVID-19 Recovery Task Force

Chicago was the first U.S. city to publish its economic report. See below link to Recovery Task Force Advisory Report: Forward Together, Building a Stronger Chicago. This report reflects the contributions of 100+ leaders from diverse backgrounds across the public, private, and social sectors who volunteered their time and expertise to serve across the Recovery Task Force's five committees: Policy & Economic Stimulus, Mental & Emotional Health, Marketing & Business Development, Change Study, and Regional Coordination.

Recovery Task Force Advisory Report

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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