GROWING COMPANIES CHOOSE CHICAGO
GROWING COMPANIES CHOOSE CHICAGO
FACEBOOK GOOGLE AMAZON UBER SALEFORCE BOEING GLASSDOOR
" SINCE 2013, BAY AREA-BASED
COMPANIES HAVE LEASED TWO MILLION
SQUARE FEET OF OFFICE SPACE IN CHICAGO"
--THE BUSINESS JOURNALS
TOP COMPANIES HAVE THOUSANDS OF EMPLOYEES IN CHICAGO
6TH YEAR IN A ROW CHICAGO HAS LED THE NATION IN CORPORATE EXPANSIONS AND RELOCATIONS
#3 TECH TALENT MOMENTUM MARKET MEASURING THE GROWTH ACCELERATION OF TECH LABOR POOLS1
36 FORTUNE 500 COMPANIES IN CHICAGO
2ND LARGEST HQ CLUSTER IN THE U.S.
$2.2B VC FUNDING IN 2019
:TALENT
#3 Tech Talent Momentum Market
--CBRE
With the surge in jobs, population in the urban core has jumped 50% since 2000, double the national growth rate. Half of those people are under 35. Plus, the Chicago workforce has the most college grads per capita of the five largest U.S. cities
39.4%
EDUCATION ATTAINMENT RATE 1
30.5%
POPULATION CONCENTRATION OF MILLENNIALS 6
(2019)
8.2%
TECH TALENT LABOR POOL GROWTH 1
(2014?2019)
29%
TECH DEGREE GROWTH 1
(2014?2018)
83 119K
REGIONAL COLLEGES AND UNIVERSITIES10
COLLEGE DEGREES AWARDED YEARLY14
1.7%
MILLENNIAL GROWTH PER YEAR 1
(SINCE 2013)
170.5K TECH TALENT TOTAL 1
8.2K
TECH DEGREE COMPLETIONS 1
(2018)
SINCE 2013, CHICAGO'S TECH TALENT POOL HAS GROWN 10.5%, OR BY ABOUT 167K WORKERS8
CHICAGO IS THE 6TH LARGEST TECH MARKET IN THE COUNTRY8
34% OF POPULATION HAVE BACHELOR'S DEGREE OR HIGHER WITH GROWING DEMAND FOR HIGHLY-SKILLED WORKERS11
:COST
One of the Most Influential Cities in the U.S.
--SmartAsset
Although one of the largest and most influential cities in the U.S., Chicago is affordable by comparison to other large cities.
GROSS DOMESTIC PRODUCT 2018 7
$690B
STARTUP INVESTMENT 20198
$2.2B
AVERAGE OFFICE RENT3
CHICAGO
SAN FRANCISCO
$41.2 FT2 $66.6 FT2
COST OF LIVING INDEX C2ER 2020 2
NATIONAL AVG.
100.0
CHICAGO
121.0
SAN FRANCISCO
197.6
AVERAGE TECH SALARY1
$96.6K $125.4K
CHICAGO SF
AVERAGE SUPPORT SALARY1
$51.7K
CHICAGO
$72.1K
SF
AVERAGE INDUSTRIAL RENT4
CHICAGO
SAN FRANCISCO
$5.3 FT2 $16.2 FT2
MEDIAN HOUSE PRICE5
CHICAGO
SAN FRANCISCO
$249K $1.4M
MEDIAN VALUE FOR TOP TIER HOME5
CHICAGO
SAN FRANCISCO
$460K $2.2M
CHICAGO KEEPS INCOME TAXES SIMPLE: ILLINOIS HAS A FLAT INCOME TAX OF 4.95%10
IF THE CHICAGO REGION WERE A COUNTRY, IT WOULD BE THE WORLD'S 20TH LARGEST ECONOMY11
CONSISTENTLY OUT-PERFORMED US AVERAGE ON PRODUCTIVITY11
OUTDOORS CULTURE
SPORTS & MORE
:QUALITY OF LIFE
103
TRAILS
1,011
MILES
80
LIBRARIES
42
CONCERT
VENUES
36? AVG. HIGH
DEC.
67
MUSEUMS
81?
200+
FESTIVALS & EVENTS
AVG. HIGH JULY
40+
570
PUBLIC PARKS
7.6K
FARMERS MARKETS
25
MICHELIN STAR
RESTAURANTS
ACRES
NFL
BEARS
NHL
BLACKHAWKS
Top 5 City for Sports
--WBC
WNBA
SKY
NBA
BULLS
MLB
CUBS WHITE SOX
NASCAR
MLS
FIRE
$1,943
AVERAGE APT. RENT
59
MINUTES
AVERAGE COMMUTE
An Unrivaled Value
--World Business Chicago
:CONNECTION
Chicago's long history as a connective city remains a notable strength both in location and infrastructure.
NONSTOP DESTINATIONS9
See full list at
AKRON ALBANY ALBUQUERQUE ASHEVILLE ATLANTA AUSTIN BALTIMORE BOISE BOSTON BOZEMAN BUFFALO CHARLESTON CHARLOTTE CINCINNATI COL. SPRINGS COLUMBUS DALLAS DENVER DES MOINES
55 min 1 hr 30 min 2 hrs 35 min 1 hr 15 min 1 hr 25 min 2 hrs 10 min 1 hr 25 min 3 hrs 20 min 1 hr 50 min 2 hrs 45 min 1 hr 5 min 1 hr 40 min 1 hr 25 min 45 min 2 hrs 10 min 45 min 1 hr 50 min 2 hrs 5 min 50 min
DETROIT EL PASO EUGENE FT. LAUDERDALE FRESNO GRAND RAPIDS GREEN BAY HOUSTON INDIANAPOLIS KANSAS CITY KNOXVILLE LAS VEGAS LOS ANGELES MEMPHIS MIAMI MILWAUKEE MINNEAPOLIS NASHVILLE NEW ORLEANS
50 min 2 hrs 40 min 4 hrs 10 min 2 hrs 35 min 3 hrs 50 min 30 min 35 min 2 hrs 10 min 30 min 1 hr 5 min 1 hr 5 min 3 hrs 20 min 3 hrs 45 min 1 hr 15 min 2 hrs 35 min 20 min 1 hr 1 hr 1 hr 50 min
NEW YORK
1 hr 45 min
NEWARK
1 hr 35 min
OAKLAND
4 hrs 5 min
OMAHA
1 hr 5 min
ORLANDO
2 hrs 10 min
PENSACOLA
1 hr 45 min
PHILADELPHIA
1 hr 30 min
PHOENIX
3 hrs 10 min
PITTSBURGH
1 hr
PORTLAND
1 hr 50 min
RALEIGH/DURHAM 1 hr 25 min
SACRAMENTO
3 hrs 55 min
SALT LAKE CITY 2 hrs 55 min
SAN ANTONIO
2 hrs 15 min
SAN DIEGO SAN FRANCISCO SAN JOSE SEATTLE ST. LOUIS SYRACUSE TAMPA TUCSON WASHINGTON
3 hrs 45 min 4 hrs 4 hrs 4 hrs 45 min 1 hr 20 min 2 hrs 10 min 3 hrs 10 min 1 hr 25 min
+ OVER 115 DOMESTIC AND 60 INTERNATIONAL FLIGHTS NOT SHOWN
O'HARE IS THE MOST INTERNATIONALLY CONNECTED AIRPORT IN THE U.S., 3RD GLOBALLY12
1400 DAILY DEPARTURES FROM CHICAGO AIRPORTS12
RANKED 7TH BEST URBAN TRANSPORTATION SYSTEM GLOBALLY12
:GROWING COMPANIES CHOOSE CHICAGO
Chicago's economy is built on a diverse mix of industries and strategic focus. Recent investment in the region includes:
52K ft2
52,000 ft2 and 800 jobs
132K ft2
132K ft2 and 1,000 employees
263K ft2
263,000 ft2 and 2,000 employees
500K ft2
500k ft2 and 2,000 employees
HQ TO CHICAGO
Moved HQ from SF and hiring 250 employees
450K ft2
450,000 ft2, 2,000 jobs, and $200M invested
185K ft2
185,000 ft2 & employs more than 750 people
CHICAGO HQ
HQ in Chicago and 2,000 employees
CHICAGO HQ
HQ in Chicago with 800 employees
25K ft2
25,000 ft2 and 200 jobs
70K ft2
70,000 ft2 and 400 tech jobs
66K ft2
66,000 ft2 and 500 new hires
THE ONLY AMERICAN INLAND METRO AREA WITH A GLOBAL FOOTPRINT11
CHICAGO HOUSES 50+ LARGE CORPORATE HEADQUARTERS11
ILLINOIS RANKED #2 FOR TECH STARTUPS, WITH 773 IN 2009-1011
:STRATEGIC SECTORS
ADVANCED MANUFACTURING13
? Manufacturing is among the region's largest and most prominent sectors
? Manufacturing represents 53.9B GRP with a projected growth rate of 3.3%
? Subsectors include Metalworking Machinery, Chemicals and Advanced Materials, and Medical Device & Pharmaceutical Manufacturing
TECHNOLOGY
? First US Exascale supercomputer at Argonne Laboratory in 2021
? 1871 is the #1 tech incubator in the world.
? In 2016, Illinois companies invested $1.1B in computer and electronic products R&D, and $823M in IT & Software R&D
? #14 Global Startup Ecosystem (Startup Genome)
LOGISTICS/ TRANSPORTATION
? Chicago has a full suite of transportation, distribution, and logistics companies
? Over 14,593 TDL firms--the highest number in the US, including 24 of top 25 third party logistics providers.
? #3 largest intermodal system globally, 200M consumers within 500-mile radius
? Chicago is nation's rail hub
FOOD INDUSTRY
? 1.2K food manufacturing companies and over 55K employees--top in US
? 72K of the nation's top farms cover nearly 76% of Illinois' land area
? The largest food and beverage manufacturing economy by output at $7.2B
? Illinois' $180B processed food sales ranks #1 in US
LIFE SCIENCES
? #1 city for Bioengineers & Biomedical engineers
? Ranks in the top 10 nationally for employment of chemists (#6), life scientists (#10), medical scientists (#9), microbiologists (#8), and biochemists (#10)
? Chicago MSA has the 3rd largest medical/life science industry
SOURCES 1 2020 Scoring Tech Talent, cbre.us; 2 C2ER, ; 3 Cushman and Wakefield Chicago Office MarketBeat Report Q2 2020; 4 Cushman and Wakefield Chicago Industrial MarketBeat Report Q2 2020; 5 ; 6 ; 7 FRED Economic Data, fred.; 8 The Business Journals, ; 9 ; 10 SmartAsset, ; 11 World Business Chicago A Plan for Economic Growth and Jobs, ; 12 World Business Chicago, ;
One America Works helps connect innovative companies with cities that can best support their growth. Tell us about your company at chicago@.
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