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.

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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

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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

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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

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Thinkers and Doers

UIC South Campus

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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

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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

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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

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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

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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.