WORLD TRADE CENTER CHICAGO
Membership in the World Trade Centers Association (WTCA) allows World Trade Center Chicago (WTCC) to become an important regional tool. WTCC empowers members of the region’s business community to increase trade by instantly connecting them to the WTCA’s vast, worldwide network. The mission of WTCC is to create jobs by helping the region’s small-to-medium-size enterprises get involved and connected with global trade, bring domestic and international companies to the Chicago region through Foreign Direct Investment (FDI), and arrange international business alliances. Our professionals are experts in understanding trade strategies and providing the institutional real estate knowledge and skills necessary to locate foreign companies and bring tenants to the Chicago Metropolitan Area. Amongst many services, WTCC offers a diverse range of institutional real estate skills such as locating international tenants, providing economic impact and feasibility consulting, choosing appropriate sites, and arranging real estate financing. WTCC also provides supervision of project planning, design, and the entire development process.
CHICAGO REGION DESCRIPTION
The Chicago Tri-State Metropolitan Region (officially the Chicago-Naperville Joliet Metropolitan Statistical Area) is a 14-county region with an approximate population of 9.8 million. The 14 counties are spread out through three states: nine in Illinois, four in Indiana, and one in Wisconsin. More specifically, Chicago’s Cook and DuPage counties are home to about 2.7 million inhabitants. That constitutes around 28% of the total metropolitan population. Chicago’s Tri-State Region is the third most populous metropolitan area in the country, after New York City and Los Angeles, and is one of the largest in the world.
An economic snapshot of Chicago’s Tri-State Metro Area shows that it has one of the most advanced economies in the world. Domestically, Chicago places third, behind New York City and Los Angeles, with a contribution of 3.9% to the US Gross Domestic Product (GDP) or a current dollar GDP of 610.5 billion dollars between all its industries. Chicago is home to 230,624 small businesses and 104 have made the Inc. 5000’s list of fastest growing companies. Chicago is now considered one of the best places to invest in startup companies. Furthermore, the Chicago Tri-State Area’s per capita GDP is higher than several European metropolitan areas that are considered wealthy such as London, Paris, Stockholm, Milan, and Amsterdam.
Chicago is also a national and international hub for finance and transportation. Chicago is considered a world-class financial center due to its innovation in the financial sector. Institutions – research facilities and world-renowned universities – contribute to the economic innovation process by funding startups and working directly with firms. Consequently, World Trade Center Chicago can develop and implement tailored international branding strategies aimed at both attracting in-bound FDI and talent in addition to maximizing foreign-market integration with region-wide firms.
Chicago’s geographic position ensures that it will continue to be a major and growing transportation hub for both domestic and international traffic, as well as passenger and freight traffic. Historically, Chicago has been an important player in the fields of freight and railroads. Today, it has transformed into a crucial city for air transportation and trucking (one in six vehicles on the Chicago interstate highways is a truck). This affects both the regional and North American economies. Transportation and logistics generate considerable value and employment to the region by creating high value-adding jobs.
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