Magazine: Chicago ‘tops’ for corp. investment

By Bruce Japsen
Posted March 1 at 7:01 a.m.

Corporate expansion last year “from Groupon to U.S. Steel” has landed Chicago as the top metro area for corporate investment by Site Selection magazine, World Business Chicago said today.

World Business Chicago, a city-funded agency charged with attracting and retaining businesses, said it submitted 115 projects that invested $1.6 billion in 2010 to the publication for consideration. The Chicago area topped several runners-up, including Houston, Dallas, Cincinnati and New York.

“From Groupon to U.S. Steel, people in the metro Chicago area know how to plan, design and build great organizations that are innovative and competitive with the best and brightest minds around the world,” said Site Selection Magazine’s general manager, Ron Starner in a statement. “Chicago winning the Top Metropolitan Area of the Year is no accident. Its huge industrial base, its thriving technology sector and its abundance of highly skilled workers make Chicago an easy choice for expanding companies.”

For consideration, new facilities and expansions needed to include at least $1 million in capital investment, create at least 50 jobs or add at least 20,000 square feet of “new floor area,” World Business Chicago said.

“Our city offers a diverse economy, unmatched talent pool, easy access to the world, and an incomparable quality of life -– companies and their employees want to be in Chicago,” World Business Chicago president Rita Athas said in a statement.

To see the complete ranking in the March issue of Site Selection, go to

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  1. ron March 1 at 12:37 pm

    But…but…I thought these companies would rather move to Indiana, Wisconsin, New Jersey and Texas so can save a few dollars. I guess not. I mean, who in their right mind would live in those places just to save a few extra dollars?

  2. dan March 1 at 3:34 pm

    Thank you! I agree completely.

  3. peg March 1 at 3:38 pm

    What’s the total tax picture? Maybe it’s all the other taxes they quietly ladle on?

  4. rob March 2 at 10:49 a.m.

    Including the other taxes Chicago is still middle according to the original article.…top-metros.cfm

    Anyway who would want to live in Indiana, Texas, Wisconsin all there is to do after the end of the work day is tip cows.