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World Business Chicago (WBC) is the official economic development organization for the City of Chicago. WBC is a public-private partnership and a 501(c)(3) nonprofit organization supported by funding from the City of Chicago, philanthropies, and the business community.
The renewable energy economy has created 114,000 jobs in Illinois and will continue to see growth after a $15 billion investment from the Future Energy Jobs Act in 2016. [22] Governor J. B. Pritzker committed Illinois to the U.S. Climate Alliance in 2019 which will further drive economic growth in renewable energy across the state. [23]
Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy.
Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.
mHUB's Product Impact Fund I is a $15M venture fund that will invest in 60 early-stage physical product and hardtech ventures with deployment from 2020 To 2023. [8] The Fund supports cohorts of the mHUB accelerator program and will make seed-stage investments of $75,000 cash and $56,750 in product development, resources and programming for 5% equity with pro rata rights.
The Loop is Chicago's central business district and one of the city's 77 municipally recognized community areas.Located at the center of downtown Chicago [3] on the shores of Lake Michigan, it is the second-largest business district in North America after Midtown Manhattan.