Michael J.

Sacks
Chief Executive Officer, Grosvenor Capital
Management, L.P.
Vice Chairman, World Business Chicago
Chicago, Illinois U.S.A
World Business Chicago Board of
Directors
Mayor Rahm Emanuel, Michael Sacks, Vice-Chairman
Chairman CEO, Grosvenor Capital
City of Chicago Management
World Business Chicago Mission

Contribute positively to the growth

rate of the Chicago regional
economy and advance the
development and employment of
Chicagos human capital

Provide a good return on

investment to the city and
taxpayers supporting the
organization
World Business Chicago Core
Functions
1. Business Development provides
location assistance and incentive
information; coordinates key public &
private sector partners
2. Research conducts economic and
industry analyses; maintains a database of
new and expanding business projects
3. Marketing/Public Relations designs and
implements marketing campaigns to
promote Chicagos business advantages;
manages key events, sponsorships and
trade show involvement
4. Leadership Initiatives coordinate and
host opportunities for engagement (Plan for
Economic Growth & Jobs, NATO Summit,
international delegations, university
recruitment)
About the Chicago Region

Chicago is the heart of a major

metropolitan area comprised of:
City of Chicago
9.5 million residents, a growth of
2,700,955
4% (+383,000 people) since 2000

$500 billion annual gross regional

product (GRP), 3rd among U.S.
metros Total Chicago MSA Population

4.3 million workers 9,481,409

The city is home to 2.7 million
residents and 1.2 million workers
Key Assets

TOP NOTCH ACADEMIC INSTITUTIONS-

University of Chicago, Northwestern, University
of Illinois, et al.
HIGH QUALITY OF LIFE- 80 miles of shoreline, 88
beaches, 35 museums, 200 theater companies,
15,000 restaurants
STRONG SPORTS TRADITION- 10 professional
sports teams
RICH IMMIGRANT HERITAGE- At least 30
different ethnic groups with a population greater
than 25,000
BROAD MASS TRANSIT NETWORK- serves 700
million passengers annually
TWO INTERNATIONAL AIRPORTS flights to 200
+ cities per day
Key Assets Diverse Industries
2011 Chicago Employment by Industry

Construction;
Information; 144,500;
79,300; 2%3% 651,600; 15%
Education
Wholesale; & Health
232,600; Services;
5%
Other Services ; 190,600; 4%

Government; 554,100; 13%

Professional & Business Services; 706,400; 16%

Manufacturing; 411,200; 10%

Financial Activities; 283,600; 7%
Transportation & Utilities; 195,300; 5%
Leisure
Retail ; and Hospitality;
439,700; 10% 401,000; 9%

Source: Bureau of Labor Statistics

Plan for Economic Growth & Jobs

September 2011
Mayor Emanuel calls for the creation of a
comprehensive and inclusive plan for Chicagos
economic growth
World Business Chicago is tasked with leading
the effort
A diverse and inclusive steering committee is
formed

The Plan for Economic Growth & Jobs is:

Fact based, pragmatic and analytical
Beneficial to all sections of society
Chicago focused looking outward
Updated and modified regularly

The creation of the plan is a process we must

embrace and own so that we always have a
strategy and vision for the future.
Leadership & Partners
World Business Chicago Co-Chairs

Tony Anderson: WBC Executive Committee Member, Ernst & Young

Michael Sacks: WBC Vice Chairman, Grosvenor Capital Management , LP
Glenn Tilton: WBC Executive Committee Member, JPMorgan Chase, United Continental
Holdings, Inc.

Ex Officio
Steve Koch: Deputy Mayor, The City of Chicago

Steering Committee

Professional Leadership
Key Strategies Driving the Plan

1) Become a leading advanced manufacturing hub

2) Attract business services and headquarters

3) Become a leading transportation and logistics hub

4) Make Chicago a premier destination for tourism and entertainment

5) Make Chicago a nationally leading exporter

6) Create demand-driven and targeted workforce development

7) Foster innovation and entrepreneurship

8) Invest in next-generation infrastructure

9) Deploy neighborhood assets to align with regional economic

growth

10) Create a business-friendly environment

Impact to Date

College to Careers; Skills for Chicagolands Future

Announced nearly 25,000 jobs since May 2011
Streamlined business licensing
ChicagoNEXT council of technology business
leaders focusing on new opportunities in digital,
clean technology and bio sciences
Building a New Chicago: $7 billion, 3-year
infrastructure program with major investments in
Chicagos water system, OHare airport, parks,
and public transportation
Chicago Infrastructure Trust: Customized financing
using taxable or tax-exempt debt, equity
investments and other forms of support
Retrofit Chicago, a $225 million effort to reduce energy costs
by more than $20 million and remove 30,000 cars worth of
emissions annually

Chicago Broadband Challenge

Closing Lessons

Lesson 1: Leadership
Led by the Mayor, diverse and inclusive Steering Committee (corporate,
foundation, civic, labor, community leaders)

Lesson 2: Implementation
Steering Committee provides ongoing oversight, direction and monitors
progress
Fellows provide on the-ground assistance with the strategies and civic
engagement
High impact initiatives are launched regularly for collective top-line GRP
and jobs
Lesson 3: Process
Designed as a living process not a one-time project that welcomes
collaboration, has built-in accountability, and will be maintained,
refreshed, and its progress tracked over time
WorldBusinessChicago.com
@WorldBizChicago
Facebook.com/WorldBusinessChicago