spotlights North Chicago in this issue of ‘On the Road’ April. The City of North Chicago
is located in Lake County, IL and is considered a suburb of the Chicago metropolitan area. Specifically located on the shores of Lake Michigan between Chicago and Milwaukee, the City of North Chicago is the proud home to Naval Station Great Lakes
– the only training command center for The United States Navy recruits and The Captain James A. Lovell Federal Health Care Center
– the nation’s first fully integrated Veteran’s Affairs and Department of Defense entity.
Each year, thousands of people crowd the city to attend Navy recruit graduations, visit prominent Fortune 500 companies like Abbott Laboratories and AbbVie and receive world class treatment from the esteemed Captain James A. Lovell Federal Health CareCenter
. Then there are those that are either longtime residents or transplants that have made North Chicago their home where they work, play and study.
In noteworthy news, the campus will complete its Innovation and Research Park (IRP) in Fall 2019, which will be the home to BLR Bio, an early-stage biotech firm, which would bring internationally funded research to fibrotic-based diseases.
SelectChicago thanks Keynote Speaker of The City of North Chicago, Mayor Leon Rockingham for participating in April’s FDI’s 201 Workshop at Rosalind Franklin University.
SelectChicago will be a participating attendee at the SelectUSA Investment Summit held on June 10 – 12, 2019 in Washington, D.C. This event is the highest-profile program dedicated to promoting Foreign Direct Investments (FDIs) within the United States. Additionally, SelectUSA Investment Summit invites organizations of all sizes – from established multinationals to high-growth startups. This connection fosters diversity among participating businesses by directly connecting investors and organizations with the right people, resources, and everything else integral to make businesses successful.
Fact: Chicago leads U.S. in Foreign Direct Investment (FDI).
- As of 2018, 1,800 businesses whose parent is located outside of the U.S.;
- $100 billion investment;
- 1,000 new Chicago jobs in 2018 alone.
Belief: The Chicagoland/Tri-State area is ripe for more FDI!
Why Use Foreign Direct Investment (FDI) to augment a Business Retention and Expansion (BRE) program?
How Innovative Hubs are Sustaining the Biotech Industry Boom
With most Economic Development Organizations (EDOs) jumping on the bandwagon to leverage Foreign Direct Investments (FDIs) as part of their Business Retention and Expansion strategy, today’s corporate stakeholders are now utilizing them as a sort of secret weapon that can transform an outdated business model from ‘winner takes all,’ to a ‘let’s grow this pie together’ approach.
CHICAGO — More than 400,000 votes were cast for the Conde Nast Traveler Readers’ Choice Awards, and Chicago was named the best big city in America for the second year in a row, edging out New York City and New Orleans. The 2018 list, released Tuesday, highlighted Chicago’s top-of-the-line restaurants, breweries and museums.
Entre Commercial Realty based in Arlington Heights said it brokered the lease of a 15,020-square-foot industrial facility at 1236 Hardt Circle in Bartlett to a foreign entity that is a subsidiary of a large Chinese manufacturing company. Read the entire article.
Given the resounding success of the Foreign Direct Investment (FDI) 101 event held in Elk Grove Village in February, SelectChicago is hosting an FDI 201 seminar on April 19 at the Illinois Science and Technology Park in the Village of Skokie. Register Here!
Attendees of FDI 201 are eligible for a complimentary customized data profile for your community created by Statebook International. StateBook Community Profile Registration
StateBook International is an official partner with SelectUSA.
Foreign Direct Investment 201 – Program Agenda
8:00 AM – Registration, Networking & International Breakfast
9:00 AM – Welcome to Skokie and the Illinois Science + Technology Park
9:10 AM – Right Here, Right Now…Examples of Foreign Direct Investment (FDI) in Our Own Backyard
9:45 AM – FDI 201 – How Money Flows Between US and Foreign Investors and Can We Increase Chicagoland’s Share?
10:15 AM – SelectChicago Program Update/China Tour
10:30 AM – Break
10:40 AM – Preparing for FDI and Improving Your Community’s Response to Site Selection RFP’s
11:15 AM – Overview of SelectChicago – U.S. Department of Commerce Official SelectUSA Spin-Off City
11:30 AM – Conclusion of Program
For more information on our last event, FDI 101, visit our recap page.