Chicago: Top City for New and Growing Businesses

3rd Year Running

Chicago is Great for BusinessFor the 3rd year in a row, the Windy City has been chosen as the best metro area for new and expanding businesses by Site Selection Magazine. This is good news for the people of the city, as there is more opportunity while companies thrive in the commerce-friendly setting.

But Why Chicago?

Chicago Mayor Rahm Emanuel attributes the success of his city to:• Chicago’s Central Location• Tremendous Access to

Transportation• Unmatched Talent• Business-Friendly

Environment

Companies are Moving HereSome of the most influential companies moving to and expanding in Chicago:• Kraft Heinz• Con Agra Foods• Allstate• Oscar Mayer• Beam Suntory• GrubHub• Glassdoor

What Were the Qualifications?

To qualify for the Site Selection Magazine distinction, businesses had to meet one of three criteria: 1. Invest at least $1 million2. Create at least 20 new jobs3. Add at least 20,000 square

feet in floor space

What Did Chicago Enter?

Over 300 opening businesses and expansions were used as entries for the competition. These amounted

to an impressive 13,400 new positions and over $3 billion in new investments in 2015.

Business Breeds More Business

New businesses are being met with enthusiasm and a host of services and workers eager to take part in the commercial growth. For instance, a bevy of corporate moving services exist to take advantage of the upsurge in activity. Food and HVAC services are taking notice as well.

The UpshotWhat all of this means for Chicago is more opportunity for everyone. The good press will encourage companies to move or expand here, and more companies mean more jobs for everyone. Let’s hope for another win for the city in 2016!

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Sources:

Site Selection Magazine:Respected publication in the government, corporate, and industrial landscape. They provide accurate assessment of potential building sites and expansions, as well as investment opportunities to everyone from state governors to CEOs and real estate professionals. The magazine has won numerous awards, and is the official publication of the Industrial Asset Management Council. http://siteselection.com/http://www.conway.com/our-mission

Sources:

World Business Chicago:WBC is dedicated to promoting economic growth in the city and ensuring continuing opportunities for its citizens. They are also trying to get Chicago on the global commerce map. The group consists of a mix of public and private interests, and is chaired by Mayor Emanuel. http://www.worldbusinesschicago.com/2015-chicago-top-metro/