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The Chicago metropolitan area, which includes northwest Indiana, has been named the top metropolitan area for business investment in the United States by Site Selection magazine for 11 consecutive years.
The Atlanta-based business magazine praised the region’s locality and appeal to technology, logistics and young talent.
An estimated 163 companies invested in Chicagoland last year, according to World Business Chicago. A total of 117 companies expanded their operations and 46 relocated to metropolitan areas, creating an estimated 23,000 jobs and generating $1.87 billion in revenue.
The Chicago metro area, which includes Indiana’s Lake, Porter, Jasper, and Newton counties, was the nation’s third-largest economy with a gross regional product of $847 billion.
“We are honored to once again be recognized as a leading city for business investment in the United States,” said Charles Smith, vice chairman of World Business Chicago. “This achievement reflects the unwavering dedication of our team, our Board of Directors, the Mayor of Chicago, and our esteemed partners in the greater Chicagoland region. This highlights our shared commitment to
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The company’s Chicago investments include strength and conditioning, expanding its 275,000-square-foot facility in Palatine and adding 200 jobs. Currently, he employs more than 2,000 people in Chicago Metro.
“Chicago has been home to S&C for more than 110 years, and the talent pool here is an essential part of our growth and success, allowing us to better serve our customers with solutions that promote a resilient and reliable power grid. ” says Anders Sjoelin from Strength & Conditioning. President and CEO. “Additionally, we are excited to add jobs, create meaningful careers and value for local team members, and support our communities.”
In site selection, the Chicago metro ranked No. 1 for projects, followed by Dallas, Houston, New York City, Atlanta, Los Angeles, Phoenix, Boston, Indianapolis, and Austin. Although Texas typically tops state rankings for site selection, Texas projects are spread across her four metropolitan areas.
Chicago received $4.73 billion in capital investment from startups last year, according to World Business Chicago. O’Hare International Airport remains one of the nation’s top ports with $271 billion in trade, second only to the Ports of Laredo and Los Angeles.
Metro’s professional and business services sector grew 5.2% last year.
“There’s a reason why many companies like S&C Electric, Beam, and Solo Cup choose Chicagoland. I know we’re going to see a tapestry,” Mayor Cook said. Toni Preckwinkle said, “Site Selection’s 11th consecutive win confirms that the Chicago region continues to promise opportunities that enable our business community to continue to grow, expand and prosper. ” he said.
Beer Geeks, one of the area’s first, best-loved, and most influential craft beer bars, is closing after more than a decade and being reimagined as a new concept.
The 88-year-old landmark castle-shaped White Castle in Whiting will be replaced with a newer, larger and more modern White Castle Restaurant.
A longtime downtown Crown Point staple has poured its last drink.
The long-standing Westforth Sporting Gun Shop is closing its doors.
The Silver Line Building Products plant at 16801 Exchange Ave. will be permanently closed.
Bluefest in the Highlands will mark the end of what is being called the “end of an era.”
David’s Bridal has filed for bankruptcy and could close all of its stores unless a buyer emerges.
The 88-year-old Whiting White Castle will be remembered with exhibits at museums in two different states.
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For years, this “billionaires club” met every morning in a corner booth of the 88-year-old White Castle at Indianapolis Boulevard and 119th Street in downtown Whiting. The landmark restaurant served its last sliders on Tuesday.
One of northwest Indiana’s most popular and longest-running hobby shops is looking for a buyer after its longtime owner passes away.
J&L This N That Consignment Shop, a popular thrift store, has closed after several years in downtown Whiting.
Calumet Fisheries, an establishment in the Calumet neighborhood on Chicago’s south end, is temporarily closed after failing a city health inspection.
Just days after reopening after being shut down by city health inspectors, the Calumet fishery was hit by a massive fire.
Pepe’s Mexican Restaurant is located in Valparaiso.
Beer Geeks in Highland was rebranded as B-Side Bar & Lounge and then closed within a few months.
Struggling retailer Bed Bath & Beyond will permanently close its Valparaiso store as it closes more stores across the country as it looks to restructure its business and downsize its store footprint in an effort to rescue its struggling retailer. .
People’s Bank has closed its downtown Hammond branch.
Viking Artisan Ales will soon be pouring its last craft beers at its Merrillville taproom.
Old Chicago Pizza & Taproom, located at one of northwest Indiana’s most famous freeway interchanges, is closing after 15 years in business.
Walmart is closing its large store in Homewood.
The Chicago Auto Show, the largest car show in the United States, returns to McCormick Place on Saturday and will run through February 19th.
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