< Previous28 I N T E R S E C T IL L I N OI Snetworks. Chicago is known as a corporate center, but not everyone knows that the Chicago area, with Fortune headquarters, is second only to greater New York in the U.S. and ahead of other coastal metros; Chicago’s top position in Site Selection’s metro rankings and FDI projects was also news. Nor does everyone know that Chicago now has the most diverse large-city economy in the U.S., with no more than percent of the economy concentrated in one sector.How does the O’Hare modernization project reflect the city’s global economic development vision?Klinzman: O’Hare is Mayor Rahm Emanuel’s vision for modernizing O’Hare International Airport (ORD) by building more e cient, higher capacity facilities to support a world-class airport and to fuel Chicago’s leading international connectivity. Approved in March by the city and its airline partners, the centerpiece of this program is an $ . -billion capital program to deliver a -million-square-foot terminal expansion complete with a new global terminal and three new concourses; a percent expansion of gates; and a wide range of other improvements to enhance Chicago’s gateway to the world as well as our local economy. e O’Hare terminal expansion will also maximize Chicago’s leading international connectivity. In alone, ORD has added new international routes. By the end of , Chicago will be one of only ve cities globally to have nonstop passenger air service to all six major inhabited regions of the world (Africa, Asia, Europe, North America, Oceania, and South America).In addition to the bene ts to be seen by tens of millions of passengers around the world, the bene ts of our plans for O’Hare are far-reaching for the city and the region. is program creates more than , construction jobs through , with tens of thousands of permanent jobs, and ensures one of the city’s economic engines is positioned to drive signi cant growth for the region in the years and decades to come.Chicago’s plans for O’Hare are conducive to the fast-growing aviation industry, and rapid expansion of corporate relocations under the current administration. In the next few years, O’Hare is expected to serve nearly million passengers, up from nearly million served today. e economic impact of this program (past ) on the region will be greater, with O’Hare expected to provide at least $ billion in economic contribution to the region, and to enable more than , jobs on an annual basis in the next eight years.Andrea Zopp has described how Chicago is making strides in transit-oriented mixed-use development too, with socio-economic inclusion as a priority. Describe how this type of connectivity contributes to the region’s economic development vision.Over of freight, valued at nearly are moved to, from or within every year.Over of freight, valued at nearly are moved to, from or within every year.Klinzman: Transit access is extremely important in order for all groups and locations to fully participate in economic growth. Encouraging and incentivizing transit-intensive development helps increase access to economic opportunity while at the same time reducing tra c congestion and carbon emissions. e City of Chicago is examining expanding transit-oriented development to include high-ridership, high-frequency bus lines as well, which would make Chicago the rst city to pursue a citywide transit-oriented development policy around buses.How often do company leaders tell you the area’s transportation was a top factor in their investment decision?Klinzman: Transportation infrastructure does come into play often, as nonstop access to Chicago from major global economic centers means foreign rms can easily access their headquarters and other global operations from Chicago, as well as having superb access to North American markets — over nonstop destinations. e importance of O’Hare (and Midway, a large air hub in its own right) cannot be overstated. Not only is access to markets and customers important, but rail, ground, and air shipping is key for many rms. Combined with a unique central location, the logistics infrastructure of the region — both physical systems and know-how from a myriad of logistics providers, freight forwarders and the like — cannot easily be replicated elsewhere. Over of freight, valued at nearly are moved to, from or within every year.30 I N T E R S E C T IL L I N OI SH Q A C TI V IT YCorporate headquarters are making the move to Chi-Town to access its strategic location and deep talent pool.nside McDonald’s swanky new Chicago headquarters, there is a world of options. For starters, there’s a 19,000-square-foot restaurant on the headquarters’ ground floor that serves McDonald’s signature menu items from around the globe. Want to try the French Blue Cheese and Bacon Burger with a side of Hong Kong’s Wasabi Shake Shake Fries? Or the Australian Spicy Buffalo chicken sandwich with Italy’s Baci McFlurry? No problem. The restaurant’s global menu is constantly revolving and serving up American classics alongside the global favorites. The 490,000-square-foot building’s other eight floors also pull inspiration from the company’s global presence. A Work Café on the sixth floor features stadium seating, a playful McCafé serving Canadian and Australian pastries and coffee, and a tech bar for the 2,000 employees based in Chicago. Several open-floor-plan “work neighborhoods” serve as home base for departments while allowing employees the flexibility to pick which environment best suits their needs at which times and fosters collaboration. And then there’s Hamburger University, where more than 3,000 of the company’s employees and future leaders will receive training each year. The global fast-food chain chose to relocate its headquarters from the Oak Brook suburbs back to its roots in Chicago. Chicago was home for the company from 1955 to 1971. The company’s new home base is in Chicago’s West Loop neighborhood in Oprah Winfrey’s former Harpo Studios in the heart of one of the city’s best restaurant districts. “Our move back home to Chicago is about more than a building — it’s symbolic of our journey to transform our brand and become more closely connected with our customers,” McDonald’s President and CEO Steve Easterbrook said. “Our new location enables us to better listen, IA World of OptionsMcDonald’s new Chicago headquartersAll photos courtesy McDonald’sby S AVA N N A H K I N GI N T E R S E C T I L L I N O I S 31learn and engage with our customers while providing a modern, worker-friendly headquarters that fosters collaboration and re-energizes employees. We are thrilled to join the West Loop and add to the vitality of this community.”“McDonald’s, welcome back to sweet home Chicago,” Mayor Rahm Emanuel said when the company announced its move in June 2016. “McDonald’s has identified the keys to success to today’s global market as talent, technology and access to transportation networks, and they recognize these as Chicago’s strengths. I’m proud to welcome them to our dynamic city.” In recent years, several other companies have followed the trend of moving downtown including ConAgra Foods, Kraft Heinz, Motorola Solutions, Mead Johnson and Hillshire Brands. With 36 Fortune 500 companies calling the state home in 2017, Illinois has the fourth most of any state. In early 2017, Caterpillar announced it would scrap its plans to move into new space in Peoria and instead make its global headquarters in Deerfield, just minutes from O’Hare International Airport. The construction and mining equipment manufacturer cited the city’s location and access to talent as key factors in the decision. “Following a thorough site selection process, we chose this location because it is approximately a 20-minute drive to O’Hare airport and convenient to the city of Chicago via commuter train, achieving our goal to be more accessible to our global customers, dealers and employees,” said Caterpillar CEO Jim Umpleby. “This site gives our employees many options to live in either an urban or suburban environment. We know we have to compete for the best talent to grow our company, and this location will appeal to our diverse, global team, today and in the future.”German candy maker Haribo has also chosen Illinois for its new U.S. headquarters. In October 2017, the company consolidated its corporate headquarters in Rosemont. The centralized location, its rich history in candy manufacturing, and the wealth of talent in the area all contributed to the company’s choice. 32 I N T E R S E C T IL L I N OI SS T A TI S T I C A L P R O F I L EIllinois by the NumbersCompanies City Sector Category Types USD $M JobsCOSTCO Wholesale Corp. Morris Consumer Products New Dist. Warehouse 97 87School Health Corp. Rolling Meadows Life Sciences Exp.Facility Dist. Warehouse 9.9 Union Pacific Corp. Melrose Park Transportation & Logistics Exp.Facility Office 9.7 Madison Mutual Insurance Co. Edwardsville Business & Financial Services New HQ 9.6 30Blue Ribbon Products Inc. Joliet Food & Beverage New Dist. Warehouse 9.5 36Norfolk Southern Corp. Chicago Transportation & Logistics Exp.Facility Dist. Warehouse 9.5 25Tigerflex Corp. Elk Grove Village Chemicals & Plastics Exp.Facility Manufacturing 9.3 Aurico Rolling Meadows Business Services Exp. Facility HQ 9.04 NEC Display Solutions of America, Inc. Downers Grove IT & Communications New HQ 9 90Prairie Farms Dairy, Inc. Edwardsville Food & Beverage New HQ 9 80Top InvestmentsGeneral Facts57,914 SQ. MI.AreaSpringfieldCapital42%College Education12 Major AirportsWith 1,400 daily departures$30,712Median Income1,800Foreign Companies12.8 MPopulation6.47 MCivilian Labor Force$796,012 MGDP36Fortune 500 Companies$$Source: Illinois Department of CommerceSource: Illinois Department of CommerceI N T E R S E C T I L L I N O I S 33200150100500Employment by Selected OccupationProjects by TypeManufacturingDistr.WarehouseOfficeHeadquartersR & DCall CenterData CenterDist. WarehouseManufacturingOfficeHeadquartersData CenterR & DCall CenterDist. WarehouseManufacturingOfficeHeadquartersR & DCall Center201520162017Source: Bureau of Labor StatisticsManagement, business, science, and arts37.4%Sales and Office Occupations24.2%Service Occupations17.2%Production, transportation, and material moving 14.1%Natural resources, construction, and maintenance occupations7.1%34 I N T E R S E C T IL L I N OI S13%8%22%5%21%21%4%6%Graduate DegreeBachelor’s DegreeAssociate’s DegreeSome CollegeHigh School DiplomaGEDNo High SchoolSome High SchoolEducation Attainment 2017Education Levels1.2 MillionGraduate Degree1.9 MillionHigh School Diploma1.9 MillionBachelor’s DegreeIllinois education funding grew at a rapid pace between 1993 and 2012: • Federal funding grew 4.1 times to $3.6 billion• State funding grew 2.7 times to $9.3 billion• Local funding grew 2.6 times to $15.8 billion.Illinois Policy, 2014Source: Illinois Department of CommerceSource: Illinois Department of CommerceI N T E R S E C T I L L I N O I S 352017 PopulationA State for Sports2022 Population19 & Under25%19 & Under25%20-3521%20-3520%35-4413%35-4413%45-6426%45-6424%65 & older15%65 & older17%Over 225 Miles of Bike Lanes with 13,000 Bike RacksMore Professional Sports Championships than any other State since 199011 Golf Courses Ranked in Top 100 Best in U.S. within 150 MilesOver 1,200 Sporting Venues from Tournaments to Olympic Time TrialsSource: Illinois Department of CommerceSource: Illinois Department of Commerce36 I N T E R S E C T IL L I N OI SEntreprenureal EcosystemWorld Class InfrastructureAnnual Research and Development funding in IllinoisPatents issued by inventors in 2015Chicago is the #3 largest intermodal port in the worldIllinois has 5 international airports and 7 other commercial airportsNobel Prize winnersDigital startups launched annually Corporate Research and Development facilities83440+2755,028$2.4 billionSource: Illinois Department of CommerceSource: Illinois Department of CommerceI N T E R S E C T I L L I N O I S 37Arts and Culture29 MinutesMedian AgeAverage Commute TimeTotal FamiliesMale2017Female2022373.2 M3.2 M39Source: Illinois Department of CommerceHousehold Income Distribution2017202220%21%17%13%29%18%19%16%13%33% 0-$25K $25-$50k $50-$75K $75-$100K $100K+Source: Illinois Department of CommerceMore than 50 Designated State Historic SitesMore than 500 Museums and Art GalleriesNext >