View
1.684
Download
0
Category
Tags:
Preview:
DESCRIPTION
World Business Chicago (WBC) is the city’s economic development office, coordinating business retention, attraction and expansion efforts in order to spur and accelerate economic growth. WBC raises Chicago’s profile as a premier business destination and serves as a resource for companies.
Citation preview
Think Business. Think Chicago.
Business Center of North America
Overview
• About World Business Chicago
– Our Mission
– Services
• About Chicago
– An Economic Force
– Thinkers & Doers
– A Global City
– Cost of Doing Business
– Quality of Life
Our Mission
Founded in 1999, World Business Chicago
(WBC) is the city’s economic development
office, coordinating business retention,
attraction and expansion efforts in order
to spur and accelerate economic growth.
World Business Chicago has been ranked among the Top 10 Economic Development Firms in the nation since 2005, by Site Selection magazine.
back to main
Our Board
Mayor Rahm Emanuel, Chairman City of Chicago
Michael Sacks, Co-Chairman CEO, Grosvenor Capital Management
Our Organization
Marketing ResearchOperationsBusiness
Development
Chicago Career Tech
President
Board of
Directors
World Business Chicago
We’re Your Advocate
• We help companies navigate the relocation and expansion process
• A public/private partnership, WBC serves as a conduit to the business and civic communities
• By uniting all the necessary parties, we demonstrate that Chicago is the ultimate global business destination
• WBC assures that companies get the services and guidance needed to make informed location decisions
Mellody HobsonPresident, Ariel Investments
back to main
We’re Your Connection
Our Business Development specialists are experts in nearly every industry, assisting with:• Firm attraction and retention• Technology development• Policy and program assistanceWBC’s Strategic Initiatives department strengthens partnerships with:• Area universities and business schools• WBC Ambassadors• Area medical industry
We’re Your Source
WBC’s Research staff serve as a resource for:
• Chicago area real estate and investment activity
• Economic, demographic, and business indicator
databases
• Primary research in partnership with outside
organizations
Our Marketing department offers tools and resources showcasing Chicago as an ideal business location:
• Sponsorships & convention partnerships
• Ad campaigns
• Website & social media marketing
We’re Chicago
The city's unique character can be attributed to its:• people
• location/infrastructure
• collaborative business and government community
• unprecedented array of cultural activities and destinations
A “truly world-class city”
- Michel Gourvennec, Former President and CEO of Veolia
Environmental Services North America
An Economic Force
back to main
Economic Strengths
• Easy access to North American operations and customers
• Top 20 Global Destination City based on investment
• Convenience to global markets and financial centers
• One of the world's largest and most diversified economies
• Efficient economic powerhouse
• A unique combination of business resources, quality of life, and great people
CME Group Globex Command Center
An Economy that Rivals Nations
3JAPAN$5,459
20CHICAGO$500
RANKING$GROSS PRODUCT ($US BILLIONS)
2CHINA$5,878
11RUSSIA$1,465
19SWITZERLAND$524
12SPAIN*1,410
8ITALY$2,055
6U.K.$2,247
23SWEDEN$456
7BRAZIL$2,090
5FRANCE$2,583
9CANADA$1,574
10INDIA$1,538
1UNITED STATES$14,658
14MEXICO$1,039
13AUSTRALIA$1,236
15KOREA$1,007
16NETHERLANDS$783
21POLAND$469
18INDONISIA$707
4GERMANY$3,316
22BELGIUM$466 24
SAUDI ARABIA$444
17TURKEY$742
25NORWAY$414
Source: IMF, Moody’s Analytics
The Country’s Most Diversified Economy
1Chicago
2Atlanta
3Miami
4Philadelphia
5Dallas
6Riverside
7Los Angeles
8Boston
9San Francisco
10New York
11Houston
12Detroit
13Washington, DC
Source: Moody’s Investor Services
Chicago is the heart of a major
metropolitan area comprised of:
• 9.5 million residents, a growth of 4%
(+360,000 people) since 2000
• $500 billion annual gross regional
product
• 4.3 million workers
The city is home to 2.7 million
residents and 1.2 million
workers
A Strong Metro Area
City of Chicago
2,695,598
Total Chicago MSA Population
9,461,105
Support Services
• Transportation – air,
rail, water and ground
• Durable goods
wholesalers
• Warehousing and
storage
• Educational services
• Museums and
cultural / historical
sites
Manufacturing
• Paper and printing
• Chemicals/petroleum
and coal products
• Plastics and rubber
• Primary and
fabricated metals
• Electrical equipment
components and
appliances
Business and Financial Services
• Management of
companies
• Administrative and
support services
• Securities,
commodities and other
investments
• Funds, trusts, and
other financial vehicles
Economic Drivers
A City of Headquarters
• More than 400 major corporate headquarters
• 34 S&P 500 companies
• 27 Fortune 500 HQs – including 7 in the City
• 9 FT Global 500 HQs
• 10 Fortune Global 500 HQs
“It makes sense to grow here. There is a wealth of financial services and banking talent available to us in Chicago at very good value. It’s a great place to work and live. It’s a pro-business city.”
- GE Capital CEO Daniel Henson
Growth Clusters
Financial trading
• Chicago is home to 17% of the world’s trading activity for futures, options & derivatives - more volume than New York, and almost as much volume as ALL of the European exchanges combined.
High tech
• With 200 of the 5,000 Fastest Growing Companies in the U.S., Chicago’s high-tech industry contributed $56 billion to Chicago’s economy in 2010
• Generating an estimated $73 billion dollars of output and 402,400 jobs in 2010, Chicago’s top 10 export sectors include:
– Medical instruments
– Electric machinery & computers
– Chemicals & pharmaceuticals
– Aircraft parts
Chicago’s Key Industries
Ranked Top 5 among 350+ metro areas for Gross Regional Product (GRP):
• Business & Professional Services
• Financial Services
• Manufacturing
• Transportation & Distribution
back to main
Thinkers and Doers
UIC South Campus
back to main
The Country’s Brightest Minds
• Home to Kellogg School of Management at Northwestern University and Booth School of Business at University of Chicago, two of the top business schools in the world
• Chicago Loop is “the largest college town in Illinois,” with more than 65,000 students
• Over 100,000 degrees conferred by Chicago area colleges and universities annually, including 28,800 bachelor’s degrees, 15,600 masters degrees, and 3,500 doctoral degrees in the city alone
• Rated #2 Best City to Get a Degree among 60 global cities
Center for Innovation
• More than 250 corporate R&D facilities
• 93 Nobel Prize winners
• 1,200+ patents issued by City of Chicago inventors in 2010 alone
• Over $2 billion in venture capital invested in Chicago area startups over the past 5 years
• Startup successes including Careerbuilder, Groupon, Morningstar, Orbitz
• $1.4 billion in R&D expenditures at 16 area colleges and universities
≤ 20 min
≤ 50 min
≤ 70 min
≤ 90 min
• 600,000+ people flow downtown each business day – more than half take mass transit
• 2.4+ million working-age adults are within a 50-minute commute of downtown Chicago
Talent Within Reach
A Highly Diverse Labor Pool
Source: Illinois Department of Employment Security, Bureau of Labor Statistics
Information
Construction
Transportation & Utilities
Other Services
Wholesale
Financial Activities
Leisure and Hospitality
Manufacturing
Retail
Government
Education & Health Services
Professional Services
0 200,000 400,000 600,000 800,000
Chicago Region (MSA)
City of Chicago
2010 Employment by Industry
A Global City
back to main
Global Competitiveness
Chicago ranked #4 Most Economically Powerful City in the World (behind Tokyo, New York and London)
• The Global Economic Power Index by Richard Florida and Martin Prosperity Institute measuring economic output, financial power and innovation
Among 9 “Global Leaders”
• City of London’s 2011 Global Financial Centres, a report identifying cities with “broad and deep financial services activities and connections with many other financial centers”
#2 in Transportation & Infrastructure (behind Paris) and top tier in areas such as digital economy, ease of doing business, R&D, entrepreneurial environment, financial and business services, low cost of living, diversity, mass transit, and number of hospitals
• The Partnership for New York City and PricewaterhouseCoopers’ 2011 Cities of Opportunity, an annual report on what makes cities thrive
#6 Global City of 65 metro areas
• Foreign Policy’s 2010 Global Cities Index
International Business Destination
Top 20 Global Destination City based on investment
Home to well over 1,500 foreign-based companies and more than $40 billion in foreign direct investment
Robust international business resources including:
• 79 Consulates/Consuls General and fastest
growing consular corps in the U.S.
• 40+ international/ethnic Chambers of Commerce
• 90+ international trade-based organizations
• 28 international sister citiesOnly U.S. city with top ranking
for global investment activity in
IBM’s 2009 Global Location
Trends report
Access to the World
Only “dual-hub” airport system in
North America – handling more than 2,900 flights per day and over 85 million passengers annually
Non-stop service to more than 200 domestic and international destinations
International Trade Partners
Chicago Customs District – 2010 Total Trade
Taiwan
Netherlands
Ireland
Germany
Korea
Japan
Canada
China
$0 $10,000,000,000 $20,000,000,000 $30,000,000,000 $40,000,000,000
EXPORTS IMPORTS
Exports & Imports - $US (Billions)
Source: WISER Trade , U.S. Census Bureau, Foreign Trade Division, World Bank
Cost of Doing Business
back to main
Business Advantages
Chicago offers a business cost advantage over many global cities:
• Competitive office & industrial rates
• Ranked one of the most cost-effective
cities in the world for doing business—
ahead of London, New York, and Boston
• Central location & time zone eases business
travel and communications with both U.S.
coasts
• Top connection point for air, rail, highway,
telecom, and Internet
Business Costs
Toronto
Atlanta
Philadelphia
CHICAGO
Paris
Boston
Los Angeles
London
New York
San Francisco
Tokyo
70 80 90 100 110 120
Source: KPMG Guide to Competitive Business
Alternatives which ranks 112 metro areas
and 17 industries across 30 cost dimensions
including: financing, labor, utilities,
transportation and taxes
Quality of Life
back to main
Cost of Living
Source: C2ER Cost of Living Index, 2010 Annual Average Data
Dallas
Houston
Atlanta
Detroit
U.S. Average
Miami
Chicago
Philadelphia
Boston
Los Angeles
Washington, D.C.
San Francisco
New York (Manhattan)
0 50 100 150 200 250
92
92
96
99
100
106
117
126
132
136
140
164
216
World Class Dining, Hotels, ShoppingDining• More AAA 5-Diamond-rated restaurants than any
other city in the country; 23 Michelin-starred restaurants including two 3-star restaurants; Nine James Beard Awards in the past 5 years
Hotels• 30,000+ hotel rooms downtown including 2 Zagat’s
Top 10 World Hotels (Four Seasons and the Peninsula) and 5 Condé Nast Gold List Hotels
Convention Facilities • 10 million business visitors in 2010• Largest convention center in the U.S. - McCormick
Place
Retail• Over 600 stores in and around “The Magnificent
Mile”
Nightlife & Entertainment
• 150+ theater companies in the city alone
• Home to world-renowned Chicago Symphony, Lyric Opera and Joffrey Ballet
• Only city with 5 Tony Award-winning regional theater companies
• Hundreds of nightclubs with over 1,000 performances during a typical summer week
• Hundreds of festivals from block parties to Lollapalooza and Pitchfork
Museums & Performing Arts
35+ museums in the City, including:
• Field Museum – the home of the world's most complete Tyrannosaurus Rex skeleton; 1.3 million visitors
• Art Institute – 1.8 million visitors and one of the largest membership bases of any art museum in the U.S. (89,000 in 2009)
• Museum of Science & Industry – 1.6 million visitors
• Children’s Museum – 718,000 visitors in 2009
Parks & Lakefront
• 570 parks with 7,500+ acres of parkland (42 acres of parkland per resident)
• 26 miles of lakefront, 15 miles and 31 beaches in the City alone
• Millennium Park – a 25-acre park in the heart of downtown, attracting 4 million visitors annually
• Lincoln Park – attracts 20 million visitors annually. Its zoo is the oldest public zoo (and one of the only free zoos) in the country, with an estimated annual attendance of 3 million
• 5,200+ public marina boat slips in the City (+4,000 more in the larger metro region)
Think Big
“Think Big” Chicago
back to main
Chicago is a smart, dynamic city
that offers a quality of life
unparalleled by any other major
metropolis, providing a
community with world class
amenities for businesses,
residents, and visitors.
“I am committed to creating an economic
climate in Chicago that attracts and
retains businesses and encourages
growth and investment.” - Mayor Rahm
Emanuel
Think Business. Think Chicago.
Recommended