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Old 12-18-2013, 10:57 AM
 
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https://www.worldbusinesschicago.com...ort%202013.pdf

3....... 2....... 1...............................................
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Old 12-18-2013, 12:01 PM
 
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In the limted context of the report, Chicago has seen greater percentage growth in foriegn investment than the other US cities in the study, New York, Atlanta, and San Jose.

Of course the bigger issue of what allows cities like London (even with a -12% year over year decline in foriegn investment still holds the top spot globably...) followed by Singapore , Bangkok, Shanghai, Sao Paulo and Dubai before one gets to Chicago.. It is not only a question of what issues would be contribute to these rankings but also a question of what national factors are behind each cities ranking.

In that regard it is clear that for the US these national factors are really about recent reductions in cost of energy that are completely outside the control of individual cites.
From the report
Quote:
the United States has begun to show firmer signs of economic recovery, confirming many companies’ confidence in the country as a key market for doing business. This confi*dence was given a further boost by other improvements in operating conditions, not least the reduced costs and buoyancy associated with the first extractions of shale gas
At least it contains no patently false "brags"...

Last edited by chet everett; 12-18-2013 at 12:13 PM..
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Old 12-18-2013, 12:04 PM
 
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Quote:
Originally Posted by chet everett View Post
In the limted context of the report Chicago has seen greater percentage growth in foriegn investment than the two other US cities in the study, New York and Atlanta. The only issue would be what exactly is behind that percentage change.

From the report
So, this is bad news?
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Old 12-18-2013, 12:35 PM
 
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No, of course it is not "bad news".

That said, like a football team that can't count on a playoff berth unless another team knocks out the competition, this is not really anything to celebrate... It would be far better if our region was not facing the added costs of having the worst bond ratings and the fear that lack of action to remedy this situation will continue to impede growth in employment.

The tactic of the buffoons that run Illinois state funded business development efforts is largely to continue to pump out "happy talk" while their political patrons ignore the real issues that erode the competive edge that Illinois could have -- the brain drain that pulls talented young people to greener pastures, the fears of higher taxes, the concerns with poorly performing schools, the various media reports of everything from "arctic climate" to "war zones levels of violence" all garner huge efforts of "counter shouting" while the work needed to ensure a more fiscally viable future goes undone...
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Old 12-18-2013, 12:37 PM
 
14,798 posts, read 17,685,669 times
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Quote:
Originally Posted by chet everett View Post
No, of course it is not "bad news".

That said, like a football team that can't count on a playoff berth unless another team knocks out the competition, this is not really anything to celebrate... It would be far better if our region was not facing the added costs of having the worst bond ratings and the fear that lack of action to remedy this situation will continue to impede growth in employment.

The tactic of the buffoons that run Illinois state funded business development efforts is largely to continue to pump out "happy talk" while their political patrons ignore the real issues that erode the competive edge that Illinois could have -- the brain drain that pulls talented young people to greener pastures, the fears of higher taxes, the concerns with poorly performing schools, the various media reports of everything from "arctic climate" to "war zones levels of violence" all garner huge efforts of "counter shouting" while the work needed to ensure a more fiscally viable future goes undone...
Please start your own thread about taxes and what not. This thread is about Global Location Trends.
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Old 12-18-2013, 12:48 PM
 
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Fair enough.

The report emphasizes the need for growth in strategic areas that are likely to have long term postive impact ---
Quote:
Ireland continues to be the top performer in the world, resulting from the country’s success in attracting research and development (R&D) activities in life sciences and information communication technology (ICT) coupled with high value investment in financial services. Denmark is second, as a result of investment concentrated in the life sciences and ICT sectors, while Singapore is third with a large proportion of R&D investment projects. South Korea returns to the top ten in fourth position.

Moreover the report is really focused on the kind of labor intensive capital projects that come from large plants and as is clear this not area that Illinois hold out much hope of competing becuase --
Quote:
within a U.S. context, with South Carolina, Alabama, North Carolina and Kansas receiving substantially higher levels of foreign investment and now constituting the top four destination states measured by jobs created per capita (see Annex B). In absolute numbers, Texas is the top destination state, after strong growth in the business services and electronics sectors.
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Old 12-18-2013, 12:53 PM
 
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Quote:
Originally Posted by chet everett View Post
Fair enough.

The report emphasizes the need for growth in strategic areas that are likely to have long term postive impact ---
That fits in nicely with the other IBM study that shows Chicago in the top 10 cities in the world for Finance, Life Sciences R&D and Software Development.
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Old 12-18-2013, 01:12 PM
 
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Default The funny thing is ...

Quote:
Originally Posted by Vlajos View Post
That fits in nicely with the other IBM study that shows Chicago in the top 10 cities in the world for Finance, Life Sciences R&D and Software Development.
The author of both reports is Jacob Dencik is a Senior Managing Consultant with IBM-Plant Location International.

One wonders if perhaps the revolving door that flows between City Hall and IBM has an impact on these things ...

Chicago Picks a New technology chief | Crain's Chicago Business

Chicago Tech Cheif Tolva Leaving| Crain's Chicago Business
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Old 12-18-2013, 01:33 PM
 
14,798 posts, read 17,685,669 times
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Quote:
Originally Posted by chet everett View Post
The author of both reports is Jacob Dencik is a Senior Managing Consultant with IBM-Plant Location International.

One wonders if perhaps the revolving door that flows between City Hall and IBM has an impact on these things ...

Chicago Picks a New technology chief | Crain's Chicago Business

Chicago Tech Cheif Tolva Leaving| Crain's Chicago Business
Possible, any proof?
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Old 12-18-2013, 01:44 PM
 
28,453 posts, read 85,379,084 times
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Well based on this pre-bid and this job request it looks like IBM continues to be a big winner in the Chicago City Hall contracting game --

http://goo.gl/vqWbGy

Service Delivery Manager at IBM in Chicago, IL - Job | LinkedIn

Given Rahm's well known temper it would not surprise anyone if a condition of IBM continuing to remain in "good graces" would be its continued touting of rose colored vision of Chicago in all corners of IBM's media circus...
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