Why Chicago?

Economic Overview

Chicago offers an expansive international network boasting a $634 billion economy, and for the sixth year in a row, leads the U.S. in foreign direct investment according to the 2018 IBM Global Location Trends report. Ranked in the top 10 for most competitive cities for business in the world.

 

BUSINESS CLIMATE

#1 U.S. metro for corporate relocations & expansions for 6 consecutive years

#1 U.S. metro for foreign direct investment projects for 6 consecutive years

#1 most diversified economy in the U.S.

#1 best connected aviation system in the U.S. and #2 best connected globally – OAG

#1 U.S. Top Tech Spot of the Future – Modis 2017 Survey

Top 5 innovation & tech hub in the United States – KPMG

Top 10 global city in 2018 – AT Kearney

400 major corporate HQs with 1,000+ employees

Record low citywide unemployment, at 4.0% in December 2018 – Bureau of Labor Statistics

10% rise in median household income since 2011, well above national median household income - ACS

 

TALENT PIPELINE

37.5% of residents have a bachelor’s or higher degree, up from 28.2% in 2011, and far above the 31% national average. - ACS

119,000 new graduates annually from 136 colleges & universities in Chicago

500,000 current university students, 3rd most in the U.S. – CityLab

Top Schools for business, technology, engineering, and design, including two of the of nation’s top six business schools: University of Chicago and Northwestern. – US News

Two national laboratories: Argonne and Fermi Accelerator

World #1 University-backed incubator, 1871 Inc. – UBI Global

CPS is home to 56 IB schools (22 high schools and 34 elementary schools) serving more than 16,000 students.

 

Source: World Business Chicago

Testimonials - Why They Choose Chicago

Share this page Share on FacebookShare on TwitterShare on Linkedin
Close

Join or Renew Your Membership

Join Us! Experience the benefits of being part of the FACC-Chicago community