Category Archives: Business News

Chicago Businesses Debuting

There have been some new businesses opening locally.  Here we take a look at some of them.  For Mexican food lovers, mosey on down to 2022 W. 35th Street where El Chile Toreado recently opened.   For those who want to try Ahogada, Cubana, Carne Asada and so much more, these are just some of the dishes on offer.

There is also something for beer lovers.  The latest venture to tantalize your taste buds in the region is the Burning Bush Brewery featuring a variety of changing local brews as well as wine on tap.  Take a bite to eat there from their food trucks or snack menu which includes bread sticks, cheese and crackers.

What a great name for an optometrist.  Eye Q Optique has just joined the hood at 709 S. Seely Avenue.  

In other Chicago-based news, City Hall veteran Tiffany Hamel Johnson was just named CEO of Chicago United, succeeding Gloria Castillo.  As the first African American female chief in the position (which was inaugurated in 1968), this appointment is most noteworthy.

Chicago: The New Digital Marketing Hub?

The MxD (Manufacturing and Digital) company is booming in Chicago.  Civic leaders figured out this could be the place for MxD around six years ago given the region’s logistical ease, efficient transportation and solid industry base. 

Money was provided by the State of Illinois in conjunction with the City of Chicago to build around 100,000 square feet of MxD office space and factories etc., while the Department of Defense provided $80m in seed funding.  MxD is now working toward the development of a cybersecurity workforce for Chicago within its high schools, city colleges and more. 

In a recent Press Release, Chandra Brown, CEO of MxD said that the company would be:

“accelerating its mission to serve the U.S. manufacturing industry with new digital technologies, cyber and workforce programs. These accomplished and energized new directors will deepen our ability to serve the industry more effectively and position the Institute for long-term success.”

The industry definitely has a lot of potential in Chicago.

QTS: In Chicago

In this video we see the transformation “from a single data center in overland park Kansas in 2003 QTS has steadily grown to become one of North America’s largest and most trusted data center companies.”

The newest data center?  Chicago.  See this:

AT&T: Giving Back to the Community

In this video we learn about how AT&T is seeking to not only to provide services, but also to be a part of the community.  They spend time strategizing to think of what they can do for the community to get more involved.  One example of this is a project they run for students come in after school, to assist them with their homework and see what they can do to help.

Chicago’s Fresh Food Market

Chicago is soon to get a lot more fresh food options for its locals.  With both Get Fresh Produce and Forty Acres Fresh Market making their presence in the region, Chicagoans are now almost spoilt for fresh produce choice.

Get Fresh Produce has recently been added by IF&P Food distributor in Chicago.  According to President and COO of Indianapolis Fruit, Greg Corsaro, this is just the start and over the  next few years the firm intends to implement a “pretty aggressive growth plan that includes bringing on additional companies.”

IF&P is one of Midwest’s largest food distributors and has been in business since 1997 with a staff count of 750 mainly local-based employees.  Get Fresh has approximately 375 employees and has facilities in Bartlett, Chicago and Whitestown, Indiana.

When Liz Abunaw moved to Chicago seven years ago she noticed a gap in the market, in particular in Austin.  She found that the area was severely lacking in fresh, locally-produced fruit and vegetables.  But she really liked the area, referring to it as “the most unique, vibrant, weird, but completely awesome [section of Chicago. Her] ultimate vision is a convenient place where people can walk to in their neighborhood for those fill-in trips between the big pantry loads – as well as maybe some prepared foods.”

Given all these factors, Abunaw decided to create a local food market, but with a specific goal of serving the predominantly black population. And so Forty Acres Fresh Market was born, in reference to “the promise of reparations for freed slaves after the Civil War.”  Located on 5051 W Chicago Avenue, the pop-up store is open the second weekend of every month (Friday, Saturday and Sunday). 




Economic Outlook: 2019

Conference

Mark your calendars.  On January 17, 2019, the Economic Outlook conference – hosted by the University of Chicago Booth School of Business – will take place.  The title of the conference is ‘Trade Wars, Deficits and Inflation: Rhetoric or Reality.’ Discussion participants include: Austan D. Goolsbee, Randall S. Kroszner, and Raghuram G. Rajan who will be talking about the state of the global economy and look at what might be happening for 2019. The event is being moderated by Bloomberg’s Global Economics and Policy Editor, Kathleen Hays.

Areas of discussion include: tax cuts, deregulation, America’s approach to China trade, growth, deficits, inflation, corporate profits and more.  

Best Places for Business Events

When searching for a place to conduct business meetings, conferences and events in the Rosemont area, the Crowne Plaza Rosemont offers a great solution. In this video, we take a look at the conference center located at 440 North River Road, Rosemont, IL 60018. Offering 55,000 square feet of meeting space in the conference room, each hotel room is likewise amenable for business endeavors with flat screen LCD HDTV, desk and laptop safe.

Illinois is a great place for networking, business opportunities and technology. Featuring the Illinois Technology Association and the current Feed Technology Center being undertaken by the University, it makes a great choice for conducting business.

Chicago: Office Expansions

Industrious (a co-working firm) will be opening its largest location in Chicago.  The address is the 10th floor of 500 W. Madison Street and the space is 46,500 square feet. It is due to open in the summer of 2019.  In addition, Novel Coworking is also opening – at a River North building spanning 50,400 square feet offering private offices, suites and co-working spaces at W. Superior Street.

And that’s not all. Google is developing its presence in Chicago with a second building right near its current one in Fulton Market.  This will open in the fall of next year at Carpenter and Lake Streets and will measure 100,000 square feet.  At the same time, Facebook is planning on moving 250,000+ square feet of space in a 35-story office tower in the area as well.

 

Local Industry Events

The American Institute of Architects Chicago chapter hosts the Art & Architecture Chicago Design Night event, which is happening tonight.  Kick off is at 5:30pm (cocktail hour in the Lakeview Terrace) and is held at the Navy Pier, Aon Grand Ballroom at 840 East Grand Avenue.  It is the 63rd year this event is taking place and it has been sold out for weeks.   Attending will be approximately 1,000 industry professionals, in recognition of the achievements of those in the architectural field.

On Thursday November 1 from 6-8pm at the Parlor Pizza Bar, 108 N. Green Street, there is an event for all “Illinois Green Alliance Emerging Professionals.”  There will be an opportunity to Meet the EP Committee as well as learning how to get involved for next year.