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, ;



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