Chicago Metro Area Ranks 2nd in National Survey
CHICAGO – Illinois Department of Commerce and Economic Opportunity (DCEO) Director Warren Ribley today announced that Illinois and the Chicago metro area ranked among the top ten U.S. locations for new and expanded corporate facilities. Illinois ranked eighth among states and Chicagoland second in the metropolitan areas category in an annual analysis by Site Selection magazine, one of the nation’s premier corporate real estate and economic development publications.
“We work tirelessly every single day to bring jobs to Illinois and improve our competitiveness in an increasingly global economy,” said Director Ribley. “Clearly, the companies that come to Illinois see the benefits our great state offers, including unparalleled multi-modal transportation infrastructure, access to all world markets, a highly-skilled workforce and effective business incentive programs.”
In 2009, Illinois had 196 corporate facilities locate or expand in the state. Illinois joins Ohio, Texas, New York and Pennsylvania on the list of the top ten states with the most locations and expansions. With 177 projects, the Chicago-Naperville-Joliet metro area was second only to New York-Newark-Edison in the tier one, top ten metropolitan areas list.
“We are pleased that the Chicago-area ranks second in the nation for direct investment,” said Rita Athas, president of World Business Chicago, the city’s economic development office. “Chicago’s success can be attributed to Mayor Daley and the business community’s tremendous efforts to assure that Chicago is a premier business destination. Even in tough economic times, we’ve identified 11.6 million square feet of economic development activity representing more than $1.5 billion in investments in the metro area last year, which speaks to Chicago’s remarkable strengths as a location for business.”
The Governor’s Cup analyses, issued by Site Selection magazine, are regarded by corporate real estate analysts as “the industry scoreboard.” Site Selection is the oldest publication in the corporate real estate and economic development field and the official publication of the Industrial Asset Management Council (IAMC, at www.iamc.org). The magazine’s circulation base consists of 44,000 executives involved in corporate site selection decisions, most at the CEO/President/COO level.