Saturday, April 21, 2007

Chicago and new business

I was at the bookstore today, and I was reading a magazine about new companies. It had a list of the nation's 400 fastest-growing private companies. On it, only 1 Chicago company was listed, as well as several suburban companies. Either way, the top big cities for these types of companies were Washington DC, Boston, NYC, and San Francisco. Chicago didn't even make the top 10!

Interestingly, Chicago is ranked one of the top cities to relocate headquarters, has the highest business activity index in the nation, and over the years has continued to be a top financial center attracting and supporting the growth of major corporations.

So my question is, what's Chicago's problem? One major issue that we all recognize is a relative weakness in attracting Venture Capital dollars. But still, why aren't Chicago startups gaining the kind of recognition that they deserve? Also, does this really imply something about Chicago's future? Because for some reason or another, despite these stats, Chicago continues to have a robust financial core that continues to thrive and attract business...>

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