With the exemplary pool of talent and locational advantage, Chicago has been the one-stop tech destination for all the tech giants. The place has been the first choice for venture capital companies and the fastest-growing unicorn startups.
The windy city has emerged as a lucrative option for all US tech town correspondents, with a majority of existing businesses such as Salesforce, Lyft, Google, LinkedIn, etc. Lately, the city has also made its position into the ranking of growing tech companies and has been a breeding ground for an expansive corporate ecosystem.
How did it all happen?
Networking: Every year, numerous tech events were hosted by investors, NGOs, and leading companies in Chicago. The events range from the mentorship program to networking events giving a window to multiple companies to connect. This networking also gives birth to various partnerships that work in coherence to develop a sustainable tech ecosystem.
Education Hub: The city has numerous ventures where people can have real-life education. The dynamic schools offer contemporary courses varying from digital marketing to coding camps. For every individual who wants to learn and grow while working, Chicago offers a perfect spot to quench their career thirst.
Funding: As many booming start-ups have already established themselves in Chicago, it has eventually become the go-to spot for anyone looking forward to setting a new firm. The reason behind this is a lot of funding ventures happen here, where the investors can have a pool of prospective business at one spot, which makes it easy for the investors and the entrepreneurs.
Demography: The state has perfect synchronized demography, which is one of the reasons for a stable workforce. The resources raise somewhere around $215 million in a month. Well-settled demography calls for a sustainable work culture.
All under one Canopy: Being a booming industry zone, there’s no service that you can’t avail nearby. From creative marketing methods to tech support, you get each and everything in a mile’s distance. The dynamic workforce not only helps a company to grow but paves the way for other companies too.
Companies in Chicago:
1. Google – A world renowned search engine giant.
2. Groupon – American global e-commerce marketplace connecting subscribers with local merchants by offering deals and coupons.
3. Orbitz – It is a travel fare aggregator website and travel metasearch engine.
4. Motorola – American multinational telecommunications company founded on September 25, 1928, based in Schaumburg, Illinois
5. Ntiva – It is one of the renowned IT support company in Chicago; here is the link to Chicago Ntiva Location
6. Strike social – It is a privately held company headquartered in Chicago that uses artificial intelligence for online advertising and paid social campaigns through a Software as a service model.
What Makes it a Lucrative Space?
1. Real Estate Price
2. Pool of Talent
3. Demographic Advantage
4. Economic Standard of Living
Features of the Tech Town
The Two Way Road: The scene of prospering tech culture has been a two-way road, where the companies offer marvelous opportunities to the individuals and allow them to learn and grow. The professionals are certainly a pool of talent and a backbone to the company. The city is home to a lot of fortune 500 companies, which help to enhance the tech individuals. It adds both – credibility and confidence.
Startup Hub: Ideal for startups that face a challenge in accumulating a pool of talent at an economical cost; for them, Chicago appears as a bright option. The tech resources here have experience with veteran companies. As the basic rule of startup lays down, it looks out, creating a unique product or service which is different from others. This critical scenario is apt for the rookie techies who want to dive deep down in the trenches of new complexities. Therefore, it’s a win-win situation for both parties. The underlying fact here is that all this is not new in Chicago; the city has been home to many customer-facing companies for a long time, namely Cool Savings, Cars.com, etc.
The Tech- Powerhouse: Home to leading IT solution developer, the city offers its services all over the country. From mega-budget companies to emerging startups, the pool of techies servethem all. In this prolific way, the major firms turn their eyes to Chicago when they need exceptional services.
Chicago- An Abode to Beginners
Besides the Valley: Being close to Silicon Valley, the demographic location of Chicago is of sheer importance. The location has been a prime reason for its development as a tech town.
Blend of Old and New: One of the great attributes of the windy city is that not only startups are registering themselves on the land of Chicago, but prominent tech companies are also opening their subsidiary work stations there. This gives employees to work in a prosperous Business to Business work scenario.
Superfluous Opportunities: The rate of establishment in Chicago is reaching its zenith, which has to lead the mass movement of job flow from the valley to the windy city. Now, in the current scenario, there are as many job opportunities in Chicago as much there used to be in the valley.
The Hub: There are a lot of firms trying to maintain a stronghold in Chicago. Google, the search engine giant, has started the instruction of techies at a faster pace for the location. Another firm Salesforce is in talks with other tech companies and is into the paced affair of enhancing the tech force job. This is likely to continue until 2023, as the startup Chronicle is also speeding up the hiring process to maintain its technical prowess. Several startups backed by prominent investors such as Venture Capital is in the budding process.
An Assortment of Industry: Apart from the technical domain, the manufacturing and production firms are also expanding. However, the backbone of all groups of companies remains the same – Tech.
Friendly Vibe: The friendly environment leaves no stone unturned to make you feel just at home. The people around are helpful and courteous, which is the key to harmony in the city.
The sea of resources maintains the status of a prodigy town with all the qualified cybersecurity experts and new technologies. Chicago is a budget-friendly town in comparison to the tech cities in US. Apart from the tech ventures, it’s an amazing place to live with a well-connected transportation system and best vibes from the awesome intellectual crowd.