As a vibrant, world-class city, Chicago is known for many things: its picturesque skyline, deep-dish pizza, renowned museums, and passionate sports fans. But in recent years, it’s been making headlines for something slightly less expected: its thriving tech ecosystem.
The Windy City has become a hotbed for tech innovation, attracting entrepreneurs, investors, and talented professionals who want to be at the forefront of this burgeoning industry.
One of the primary reasons for Chicago’s tech boom is the dynamic startup community. The city has seen a surge in startup activity, with companies such as Groupon, GrubHub, and Basecamp calling it home. These successful endeavors have not only put Chicago on the global tech map but also inspired a new wave of entrepreneurs.
Moreover, the tech workforce in Chicago is growing at a rapid pace. According to a recent report from CBRE, Chicago ranks sixth in the nation for tech talent, outpacing many traditional tech hubs. The city’s universities are producing high-quality tech graduates who are choosing to stay and work in the Windy City, contributing to the growth of the tech sector.
Meanwhile, the city government is actively fostering this growth. Mayor Lori Lightfoot’s recent ‘Chicago Tech Plan’ aims to make the city’s tech ecosystem more inclusive and sustainable. It focuses on boosting digital skills, fostering tech entrepreneurship, and improving digital infrastructure.
Chicago also benefits from an active investment community. Venture capitalists are increasingly seeing the potential of Chicago-based startups, with the city witnessing a record $1.8 billion in VC funding in 2019. This financial support is crucial for the growth and development of the tech sector.
Finally, the city’s central location and affordable cost of living compared to other tech hubs like San Francisco and New York make it an attractive choice for tech companies and workers. Chicago’s tech scene offers the excitement and opportunities of a major metropolis, but without the exorbitant costs.
In conclusion, Chicago’s tech ecosystem is thriving and shows no signs of slowing down.
With a growing workforce, supportive city government, active investment community, and affordable cost of living, Chicago is a city that tech entrepreneurs and professionals should certainly keep on their radar.