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World business Chicago. Think Business. Think Chicago.

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World business Chicago. Think Business. Think Chicago.

Home to an unrivaled economy, workforce, and quality of life, Chicago is a thriving metropolis, yet a tight-knit community for business and residents. The city's dynamic character can be attributed to its people, its location and infrastructure, and its collaborative business and government community.

Centrally located, Chicago provides easy access to the world. The city has 2,900 daily flights including direct and nonstop service to more than 200 cities worldwide, and serves as a hub for all six Class-One North American railroads, as well as six major U.S. Interstates.

Chicago is a leader in a number of key industries including: Business & Financial Services, Manufacturing, Information Technology, Health Services, and Transportation & Distribution, and is a global leader in options, futures, and derivatives trading.

This combination of market access and economic diversity provides the resources a company needs to flourish. Alongside Chicago's pro-business environment, support services, and unique opportunities for growth, the city also offers a vibrant mix of cultural, educational, and social amenities.

Cities of Opportunity Benchmark 2011 Comparative Advantages Benchmark to the Attractivenss for Investments and Talent of Cities

In his book Triumph of the City, Edward Glaeser writes how Cities - what he calls our greatest invention - makes us richer, smarter, greener, healthier, and happier. Working with PwC we provide a comparative advantages benchmark of 26 global Metropolitan Cities to find which Cities are thriving and what business environment characteristics distinguish them in the global economy.

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  • Operating Costs
  • Business Environment
  • Global Integration

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Your business environment DNA:

Cities of Opportunity benchmark

By PwC from their Cities of Opportunity project. The more cities change, the more forward-looking perspective matters.

The notion of the city has come a long way. But the heart of what a city is remains the same: people drawn together, today in everincreasing densities and numbers, to work as a community.

Cities of Opportunity is dedicated to understanding what makes urban dynamics work, and communicating what we learn to government officials, policymakers, businesspersons, scholars and citizens mutually invested in the success of their city or cities.

This marks our fourth study. Like cities themselves, we keep evolving. Cities of Opportunity 2011 includes more cities, greater analysis and deeper exploration of core issues. This year we compare 26 cities—with San Francisco, Berlin, Madrid, Moscow, Istanbul and Abu Dhabi joining and Houston rejoining. We also look closely at a few of the challenges that are most pressing at the moment—regional management, education, sustainability, density, transportation and preservation.

It is not a coincidence that images of innovative and historic libraries (in Seattle and Stockholm) begin and end the interviews in our study. Nor is the focus on transportation, energy, environment, housing and health that weaves throughout. Both tangible and intangible—physical and intellectual capital — have to be in balance for modern cities to enjoy healthy growth. Minds spur innovation; roads, rails, communications networks, schools and hospitals lay the groundwork on which new ideas can grow. In an ideal world, prosperity follows. But, as we all know, progress toward any ideal requires day-today work. This PcC study represents our part in the effort.

About this analyses

Cities are front and center in the mindset of foreign investors (FDI) and economic developers. Global Metropolitan Cities are spearheading the emergence of growth opportunities. Cities provide and shape the business environment in which growth opportunities emerge on a sustainable platform for business development for both local and international companies.

PwC selected 26 Cities for their Index governed by three key factors. First, capital market centers making them a vital part of a globalizing economy. Second, broad geographic sampling to assure representative international distribution and; third, 16 cities from mature and 10 from emerging economies.


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As Big as a Country

  • $500 billion gross regional product (GRP), larger than countries like Belgium, Sweden and Norway
  • 9.5 million people, 4.3 million employees, and over 260,000 businesses

Global and Diverse Economy

  • 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

The World's Workforce

  • Culturally diverse private-sector labor force of 4.3 million people 
  • At least 30 ethnic groups with a population greater than 25,000
  • 1,500 foreign-owned firms in Chicago area

Center of the World

  • At the center of one of the largest trading areas in the world: the east-west nexus joining the markets of Europe and Asia and the north-south nexus of NAFTA
  • 42% of North America's consumers are less than two days' drive away
  • Chicago's location, central time zone and non-stop passenger service means that you can fly to nearly any U.S. city and return on the same business day
  • Less than 10 hours from the major European business centers
  • A non-stop global gateway to 54 international and 148 domestic business centers, with daily non-stops to Japan, Korea and China
  • Only U.S. gateway where all six Class-One railroads interchange traffic - CREATE projects are underway to increase freight and passenger rail efficiency in Chicago
  • Nearly 150 intermodal facilities across the region – 41 in the city (more than half of area real estate is devoted to warehouse/distribution)
  • Leading advanced telecommunications infrastructure supports interconnected regional, national and international networks

The Good Life

  • Affordable cosmopolitan metropolis
  • 80 miles (129 km) of public shoreline and 94 vacation beaches 
  • Outstanding public, private and parochial schools
  • More Five-Diamond-rated restaurants than any other city in the U.S.
  • 2 Michelin Guide 3-Star restaurants of 9 in North America
  • The only U.S. city with four Tony awarding winning theater companies
  • 30,000+ hotel rooms at properties including two of the world's Top 10 hotels and five Conde Nast Gold List hotels

Clusters

  • Biomedical Sciences Cluster - University of Chicago Biomedical Sciences Cluster - University of Chicago

     

    • Region
      • Illinois
    • City
      • Chicago
    • Sector
      • Medical technologies
      • R&D
      • Science & technology
    • Location type
      • Cluster
    • Cluster
      • BioMed-cluster