Chicago Ranked Top Corporate Metro for Fourth Consecutive Year

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

Mayor Rahm Emanuel and World Business Chicago (WBC) on Wednesday announced that for the fourth consecutive year, Chicago ranked as the “Top Metro” in the United States for corporate investment by Site Selection Magazine. In 2016, the Chicago metro area saw more new and expanding corporate locations than any other area in the country. The progress is continuing in 2017 – this past week alone, KPMG and GE Healthcare announced they are adding more than 1,000 jobs to Chicago. Mayor Emanuel joined Hickory Farms to announce the company is relocating its corporate headquarters to Chicago from Ohio. In 2016, WBC tracked a record 350 business expansions and relocations in the Chicago metro. These projects accounted for more than $2.8 billion in investment and nearly 14,000 new jobs. Major relocations and expansions last year included: Beam Suntory, Mars Wrigley, McDonald’s, Wilson Sporting Goods and Motorola Solutions. A key source for the corporate relocation community, Site Selection Magazine focuses on new corporate facility projects with significant impact, such as headquarters, manufacturing plants, R&D and logistics sites. In order to be considered, new facilities and expansions must meet at least one of three Site Selection criteria: (a) capital investment of at least $1 million, (b) create at least 20 new jobs or (c) add at least 20,000 square feet of new floor area. Site Selection is published by Conway Inc., which is headquartered in Atlanta, Ga.

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