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What Makes Businesses in Chicago Successful?

What Makes Businesses in Chicago Successful?

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As a small town with a big city feel, Chicago lures businesses far and wide. Micro restaurants, like EL Ideas, and locally owned bakeries, like Do Rite Donuts, have as much success in the Windy City as Fortune 500 companies in the area, like Boeing Co and Motorola Solutions.

Despite being an underserved city, with a worrying crime rate, poverty, and unemployment, the following telltale characteristics make businesses in Chicago thrive.

1. Location

A company located in a major city like Chicago attracts other businesses. Many leaders at the most successful Chicago companies have their roots in the Midwest, either growing up here or attending school in the area. Their connectivity means they have access to countless invaluable contacts with whom they can strategize or brainstorm with the purposes of advancing their businesses.

O’Hare Airport is 45 minutes from Chicago’s downtown, making greeting traveling clients a breeze. Chicago business people who travel know the city’s central location gives them only a two-hour flight to New York or a four-hour flight to San Francisco. Meeting seamlessly with regular, sporadic or potential customers is a convenience and boosts business.

2. Reputation

A wealth of businesses in Chicago are proud to boast of a stellar reputation. Several of the country’s biggest companies have made Chicago their home. MillerCoors, Trans Union, and ACNielsen are just a handful of well-recognized names in Chicago business.

A reputation of excellence is critical for many corporations in Chicago who transact business with international customers; in such scenarios, maintaining a solid reputation is key. Successful Chicago businesses rely on their first-rate reputations to attract businesses on the other side of the globe.

3. Source of Customers

Big businesses in Chicago attract quality customers. For example, the majority of customers for a Chicago-based technology company will be Midwest firms. Chicago’s increasingly diverse economy leads the city to possess one of the biggest sales regions. Given several major business headquarters are situated in Chicago, the city has innumerable opportunities for B2B transactions.

4. Spirit of Cooperation

Chicago has the reputation for being a community of friendly people who support colleagues, business partners and, generally, each other. Chicagoans are known for exuding humility, offering respect and lacking entitlement.

Entrepreneurs, for instance, have the tendency to cooperate and collaborate. The selfish mentality of “what’s in it for me” is virtually nonexistent in the Windy City. The environment of cooperation floods the city’s business climate with continual enhancements.

5. Skilled Workforce

Chicago is home to tech savvy workers, entrepreneurs and software developers. The city offers an endless stream of opportunities for like-minded and even dissimilar employees to exchange ideas and, consequently, cultivate advancements that are beneficial to business.

With several top universities in the area, Chicago businesses have ample opportunities to recruit exceptional talent. The surge of new graduates relocating to the East or West Coast has passed; more qualified graduates are choosing to remain in Chicago to either start their own businesses or contribute their skills to a major corporation.

5. Transport Options

Accessible transportation is vital for competing in business. Varying means of transportation connect businesses with suppliers, customers and chain partners. Customer satisfaction heavily relies on the ease of transportation. When transportation is difficult, businesses have less available means to serve customers.

Chicago offers plentiful transportation options, making conducting business with a client on the other side of town relatively easy. In fact, Chicago has a public transportation score of 8.1, the highest in any US city, according to Chicago Reader.

6. Growth Potential

Chicago businesses have growth potential that result from the rise of economic opportunities. Consumer spending in 2014 was a major factor in the city’s business growth. In 2014 alone, business expansions in the city brought in tens of thousands of new jobs and over six billion dollars in investments.

Industries that make a continual impact in Chicago include manufacturing, retail, insurance, finance, digital/media, transportation and healthcare. 

7. Employees’ Quality of Life

Workers who enjoy the neighborhood in which the live tend to stay in the organization in which they work—or at least stay in the same area, finds Harvard Business Review. Environmental reasons play a pivotal role in whether top talent stays in a company. Skilled companies give their talent reasons to stay; as a result, employee turnover is low.

Given the importance of environment, successful Chicago businesses offer employees numerous avenues for rest, relaxation, and leisure. Employees are surrounded by affordable fine dining options and extravagant shopping centers.

Plus, in comparison to San Francisco or New York City, Chicago’s housing market is reasonable. Renters can find luxury accommodations with pools and tennis courts rather inexpensively in the city, making living and working in Chicago feasible.

Chicago Office Movers

Chicago is a unique city, a town of big businesses, small companies and supportive individuals with a spirit of cooperation. When you discover that Chicago is one of the country’s most ideal cities in which to conduct business, you may decide to relocate. If relocating your office is on the horizon, turn your attention to Chicago’s most renowned moving company, Chicago Office Movers.

Specializing in office relocation, Chicago Office Movers handles every aspect of the move, from start to finish. Customers have several options when moving, including short- or long-term storage, paperwork storage, insurance contracts, corporate relocation planning and unpacking to complete the move.

Chicago Office Movers safely and securely move office equipment, IT systems, antiques, science lab equipment and office furniture, among a variety of other goods.

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Whether your business is moving locally, long distance or to an international location, Chicago Office Movers will provide the most optimal moving experience. The union movers have shifted the businesses of several well-known entities, including Northwestern University and Alcatel Lucent.

Get a Free Estimate

Chicago Office Movers takes the hassle out of business relocation. You work with highly trained professionals who are licensed and background checked. Give us a call at 312-244-2246 or fill out a contact form for a free estimate on your next business move.

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Why Companies are Moving to the City from the Suburbs

Why Companies are Moving to the City from the Suburbs

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The suburbs have been a haven for big business for decades. Chicagoland suburbs like Oakbrook, Schaumburg, and Northfield are a handful of locales that in past years exploded with growing businesses.

The Move to the City

However, recent demands for cutting edge technology and the people behind them spur companies to rethink and re-strategize. Businesses that once soaked in the luxury of their suburban locale, with ample parking spaces, quick access to highways, and quiet surroundings, are now moving to the city. The shift in mindset is not restricted to Chicago, but takes shape all across the country.

McDonald’s, Kraft Heinz, and ADM Move to Chicago

McDonald’s corporate headquarters is one example of a transnational company that has shifted from its cozy base in Oakbrook to an exciting nine-story building on Randolph and Carpenter Streets in Chicago. Motorola, based in suburban Schaumburg, as well as Kraft Heinz and ADM, have also made the move to the bustling city of Chicago. Long gone are the days when people moved to where jobs are—these days, companies are shifting to reach a new type of employee.

Why Companies are Moving to the City

The city boasts plenty of lure. City life offers vibrancy, diversity and opportunity. A tax incentive gives companies reason to eye the city landscape. Companies are relocating to the city to gain access to a younger workforce and, as a result, to stay competitive in the new digital playing field.

Work with Millennials and Technology

Cities are teeming with tech-savvy millennials. As computer technology roles are now nearly equivalent to the high-level positions of CEOs, corporate leaders are seeking to fill their top ranks with exceptional talent.

People under 35 and with expertise in IT prefer the slew of opportunities and attractions that cities feature. Tech professionals, like those who build e-commerce tools, prefer the endless choices of dining spots in the city in comparison with the humdrum of a single, suburban corporate cafeteria.

Millennials are also reluctant to buy cars. Rather, top talent favor public transportation abundantly available in cities. In Chicago, Fulton Market is bustling with brand new apartments and the finest restaurants in the city. The Chicago Loop, with its burgeoning business district, is also attractive for Generation Y talent. Suburban companies are taking note of millennials’ tendencies and uprooting their suburban bases in favor of city ones.

Opportunities for CompaniesModern corporate office interior.

Companies are quick to note that 140,000 college graduates are produced each year by local colleges. When companies post jobs in their downtown hub, their human resources departments are flooded with four to five times more applicants. Despite the congestion, Chicago continues to lure companies and a highly qualified workforce.

Access to Customers

Technology is making giant leaps and giving customers the ability to make purchases with their smartphones. Companies want to win the new generation of customers that are using technology to buy products. Businesses also are aware that customers are increasingly avoiding the long trek to the outlying suburbs to shop.

Access to Digital Operations

Businesses thrive with instant access to the digital hubs of other companies. McDonald’s, for instance, shifted its digital operations to Chicago to be near the digital bases of Yelp and eBay.

Rather than meander in the remote suburban office park, young professionals seek to easily mingle with similar creatives. Companies with hubs in the city offer innumerable opportunities for invaluable interaction with like-minded professionals, allowing creativity to flourish far more readily.

Access to Airports

Being in major cities, many companies have access to airports, which is an advantage for businesses with international clients, interstate customers, or overseas locations. Executives can be at the airport terminal in under 20 minutes.

Downsize to Save Costs

Companies are rejecting the open spaces of suburban locations. Rather, businesses in recent years have elected to downsize, making doing business from the city an optimal choice. Kraft Heinz, once based in suburban Northfield and employing 2,200 people, now has its headquarters in Chicago.

With cost-cutting efforts, Kraft now has 1,500 employees working in downtown Chicago. Motorola retains 1,600 employees in its suburban Schaumburg space, while 1,100 workers operate from its downtown Chicago location.

By eliminating the isolation plaguing suburbs, corporate campuses create an open atmosphere. Brand recognition is developed by and associated with where businesses are located. Technology companies are opting out of the tree-lined ponds of the suburbs and choosing the buzz and exhilarating activity that city environments offer.

Ability to Work Remotely

Telecommuting and collaborative work environments have offered employers the chance to reduce the office space required per employee. Three decades ago, each office worker required 200 square feet of office space. Now, 125 is the standard. The reduction in necessary office space makes operating out of the city, where space is scarce and costly, financially feasible.

Moving Your Business to the City

Tech companies are keen to see the major advantages of moving to the city. When your company is planning to dive into the benefits of recruiting, mingling, and doing business in the city, turn to Chicago’s most renowned corporate mover, Chicago Office Movers. As a moving company dedicated to corporate relocation, Chicago Office Movers will skillfully handle your office move from start to finish.

Work with a Professional Mover

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Upon providing a free estimate, Chicago Office Movers will help you with planning and corporate relocation. Once a moving plan tailored to your unique business needs is formalized, the plan will be executed. Our team of licensed and background-checked union movers will carefully pack and unpack office property. Insurance and service contracts are offered for maximum protection. You’ll receive tracking information so you are fully aware of the moving truck’s location at each phase of the move.

No matter what type of business you are relocating, Chicago Office Movers has the experience and qualifications to make the corporate move seamless. Included in the list of goods Chicago Office Movers has professionally moved are science lab equipment, artwork, IT systems, cubicles, electronics and office furniture.

Get a Free Estimate

Chicago Office Movers offers professional experience to ensure your office move happens on time and within budget. Our dedicated team of specialists stand by to answer any questions about your corporate move.

Give us a call at 312-244-2246 or fill out a contact form to receive a free quote!

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