CHICAGO | Economic & Business Development

[bnk]

https://patch.com/illinois/southside...uth-side-plant

[moorhosj]

Originally Posted by LouisVanDerWright

^^^ Manufacturing has added over 300,000 jobs just since Trump was elected. This article is out of date since it's only from April, but the last few months have each seen five figure job growth as well putting us nearly at 350,000 new manufacturing jobs since 2016.

300,000 new manufacturing jobs is great, now we just need 7 million more to reach the 1979 peak. Please note there were 100 million fewer Americans in 1979, but 7 million more manufacturing jobs. This is how your middle class gets hollowed out.

Originally Posted by LouisVanDerWright

What is happening, in my opinion, is that wages are being held down by technology bringing more workers into the labor force. Stuff like Uber, Shiftgig, or instacart combined with the universality of smartphones have created new low skill jobs and temporary positions that allow a lot of people who might not have been able to work in these areas in.

The laborforce participation rate has fallen from 67.3% in 2000 to 63% today. This equates to about 10 million fewer people in the laborforce. The unemployment rate is so low because people aren't looking for jobs. They likely stopped looking for work because of the of the 7 million well-paying, union-affiliated, healthcare providing manufacturing jobs we lost. Many of those jobs have been replaced with low-benefit, $15/hour warehouse and delivery jobs. Lots of those jobs have also moved on to more technical and higher-paying roles like software engineers, product managers and data analysts. This has help feed the rising inequality we can see all around us.

[LouisVanDerWright]

I don't get how "there were more manufacturing jobs 40 years ago" means "we are losing manufacturing jobs today"...

[moorhosj]

Originally Posted by LouisVanDerWright

I don't get how "there were more manufacturing jobs 40 years ago" means "we are losing manufacturing jobs today"...

No need to get it because nobody made that argument. We already lost the jobs and the ones we have replaced do not provide the same middle class lifestyle and benefits as the ones we lost.

[emathias]

Part of the lower participation numbers is retirement. I don't know exactly how much, but several percentage points.

[jpIllInoIs]

Mayor Emanuel and DMG MORI Announce Company is Relocating Corporate Headquarters to Chicago
Innovative Tech Manufacturer to Locate North American Headquarters Near Illinois Institute of Technology on Chicago’s South Side; Move Follows Mayor’s Economic Mission to Japan and China
Mayor Rahm Emanuel today joined DMG MORI to announce the company is relocating its North American headquarters to Chicago. The move follows a meeting between the company and Mayor Emanuel during a recent trade mission to Japan. The company is working with the Illinois Institute of Technology to identify space on and near the school’s campus for the company to move into and build a product showroom.

“Manufacturing is written in Chicago’s DNA and today the sector is running on all cylinders,” Mayor Emanuel said. “Thanks to world-class institutions like Illinois Tech and global companies like DMG MORI we are creating jobs today while ensuring the future of manufacturing in Chicago is even stronger than its past.”

The move is driven by the DMG Mori’s desire to interact with faculty and recruit talent from IIT. The company is currently headquartered in Hoffman Estates and has approximately 225 employees at that location and more than 1,000 in the US, Mexico and Canada.

“DMG MORI is a world leader in manufacturing technology,” said DMG MORI USA President James Nudo. “The opportunity for us to interact on a daily basis with the faculty and students of Illinois Institute of Technology is unique to our industry. Locating our North American Headquarters in the world class city of Chicago gives us an unlimited potential going forward.”

...
“Illinois Tech is honored to partner with DMG MORI as it brings its legacy of innovation to the city of Chicago,” Illinois Tech President Alan Cramb said. “As Chicago’s premier tech-focused university, we have a long history of contributing to the economic vitality of this great city. And I know that our talented students and faculty will be an extraordinary resource for the company. Illinois Tech is a university where students learn by creating, building and solving, and we couldn’t think of a better educational opportunity than for our students to work with — and learn from— a company like DMG MORI."

IIT is a private, independent research university that is technology-focused, innovation-centered, and idea-driven. It offers undergraduate and graduate degrees in engineering, science, architecture, business, design, human sciences, applied technology, and law. One of 21 institutions that comprise the Association of Independent Technological Universities, Illinois Tech offers exceptional preparation for professions that require technological sophistication, an innovative mindset, and an entrepreneurial spirit.

In the last three years alone, Illinois Tech has produced more than 3,300 computer sciences, electrical and computer engineering, information technology, business, design and food science graduates. Illinois Tech is second in the nation in overall economic mobility of its students among highly selective private universities.

[jpIllInoIs]

UIC, John Marshall Law School join forces to create Chicago’s only public law school

The board of trustees of both the University of Illinois and The John Marshall Law School have voted to create UIC John Marshall Law School — Chicago’s first and only public law school.

“The decision to create a public law school marks a historic day for higher education in Chicago,” said Michael Amiridis, UIC Chancellor. “It is also a historic day for UIC, which will fill a 50-year gap in its academic offerings as a comprehensive research university. Through our research and scholarship, we have celebrated and contributed to the rule of law for decades and now we open the doors of our academic community to those who teach the law and those who study the law. We look forward to welcoming the John Marshall family into UIC.”

UIC initiated informal discussions with The John Marshall Law School leadership in 2016. Subsequently, the parties determined that the transaction would be financially feasible without requiring any new state funds. At the closing, significant John Marshall assets will transfer to UIC and the University of Illinois Foundation. The law school’s real estate in the Loop will initially be leased and then transferred within five years. UIC will bear no financial obligation for the acquisition and will fully integrate the law school into UIC after the closing.


John Marshall Law School

In addition to providing current and prospective students with a more affordable legal education, UIC’s acquisition of John Marshall will create opportunities for interdisciplinary courses and new joint and dual-degree programs aligned with UIC strengths in disciplines such as the health sciences, engineering and technology, urban planning and public administration, the social sciences and business. John Marshall joining UIC will also open up new possibilities for research collaborations between UIC and John Marshall faculty.

“When you combine the strengths of the John Marshall Law School and UIC, one plus one is much greater than two,” said Mayor Rahm Emanuel. “The merger of these two bright lights on Chicago’s scholastic landscape will strengthen education and career opportunities for generations of Chicago students, and strengthen our city’s reputation for world-class academic excellence.”

The UIC John Marshall Law School will require accreditation from the Higher Learning Commission and the American Bar Association’s Section on Legal Education and Admission to the Bar, and approval for a change of control from the U.S. Department of Education. A law school at UIC is also subject to review and approval by the Illinois Board of Higher Education. If the necessary approvals are obtained within the anticipated timeframe, the first entering class of the UIC John Marshall Law School is expected to matriculate in fall 2019.

“Chicago is the largest city in the U.S. without a public law school. The UIC John Marshall Law School will fill that gap while also enhancing legal services available to the people of Chicago. We are already putting plans in place to enhance the program of legal education, build innovative programs within a strong public university, and continue the law school’s long-standing efforts to increase diversity in the legal profession,” said John Marshall’s Dean Darby Dickerson, who will stay on as dean of the UIC John Marshall Law School.

Both institutions have track records of excellence in research and scholarship, access for underserved students, and service to Chicago and its people. “Our shared commitment in these areas guarantees that the doors of UIC John Marshall Law School will continue to remain open to all aspiring law students regardless of their socioeconomic backgrounds,” said Paula Holderman, President of the Board of Trustees of The John Marshall Law School.

“John Marshall has a broad curriculum, an excellent faculty, and a long history of giving back to the community by providing pro bono legal services in the areas of veterans’ affairs, international human rights, fair housing, family law, landlord-tenant issues and more,” said Susan Poser, provost and vice chancellor for academic affairs at UIC. “There are UIC faculty who study these same issues from the perspective of social science, public administration, and health care. We plan to harness these areas of expertise to graduate lawyers who are grounded in and understand the context in which they will practice.”

Approximately 900 Juris Doctor (JD) students and 117 Master of Laws (LLM) and Master of Jurisprudence (MJ) students are currently enrolled at John Marshall. The school expects to add a fall 2018 entering JD class of about 280 students.

When the transaction closes, John Marshall students will become UIC students and will have enhanced student services, including access to health care services, recreational facilities, residence halls, and college athletics. UIC students will benefit from access to law courses and opportunities to take classes jointly taught by John Marshall and UIC faculty.

The new UIC John Marshall Law School will continue to operate at its downtown Loop location at the corners of State Street, Jackson Boulevard and S. Plymouth Court and will become the 16th college at UIC. The dean will report to the UIC Provost and John Marshall staff will become UIC employees. UIC also welcomes John Marshall alumni to the UIC community.

About UIC

The University of Illinois at Chicago is a major research university located in the heart of one of the world’s greatest cities. As Chicago’s only public research university, UIC is an integral part of the educational, technological and cultural fabric of Chicago. UIC is recognized as one of the most ethnically rich and culturally diverse universities in America. The university has 15 academic colleges where students are able to study fields ranging from the health sciences, business, engineering and education, to liberal arts and sciences, urban planning, and architecture, design and the arts.

About The John Marshall Law School

The John Marshall Law School, founded in 1899, is an independent law school located in the heart of Chicago’s legal, financial and commercial districts. The 2018 U.S. News & World Report’s American’s Best Graduate Schools ranks John Marshall’s Lawyering Skills Program 5th, its Trial Advocacy Program 13th, and its Intellectual Property Law Program 19th in the nation. Since its inception, John Marshall has been a pioneer in legal education and has been guided by a tradition of diversity, innovation, access and opportunity.

[jpIllInoIs]

Other sources indicate the AON bldg is office site

Chicago, Illinois (July 19, 2018) Rio Tinto has marked a key milestone in the
company’s operations in the United States with the opening of a new commercial office in Chicago, Illinois.

Chicago has long been one of the world’s historic commodity hubs. The new Rio Tinto office will allow for expanded engagement and provide opportunities for partnerships with new and existing customers. Around 70 roles will be centralized into the new office.

Chief commercial officer Simon Trott said, “The US is one of the largest markets globally for Rio Tinto’s products. Opening a commercial office in Chicago strategically locates our US sales and marketing activities closer to our existing and future customers. It also gives Rio Tinto access to the US talent pool and ensures the company responds and adapts to market changes, allowing us to better respond to customer needs. Rio Tinto’s operations have supplied essential materials to US customers for over 100 years and the company is committed to continuing to partner and deepen our relationship with them.”

Rio Tinto is a leading supplier of essential materials such as copper, aluminum and industrial minerals to American manufacturers.

Note to the editor

The United States is home to more than 3,000 Rio Tinto employees working at operations in Utah, Arizona and California, and 25 percent of the company’s shares are owned in the US. The United States is one of the largest markets for Rio Tinto’s products, including copper, diamonds and industrial minerals. Rio Tinto is the largest supplier of aluminum to the United States from its low carbon operations in Canada. Rio Tinto’s Boron mine in California recently celebrated its 145th anniversary of supplying essential materials to customers around the world.

[the urban politician]

^ God bless our ridiculously diversified economy. Think about how huge Chicagoland’s economy is, among the top handful on the planet, all while not being a top player in “tech”.

So once there is a crunch or restructuring of the American “techie” scene, we luckily aren’t so dependent on overpaid goofballs working on a laptop while sitting on beanbags (although we still have a huge amount of that workforce as well). Keep the region diverse, I say....

[jpIllInoIs]

Originally Posted by the urban politician

^ God bless our ridiculously diversified economy. Think about how huge Chicagoland’s economy is, among the top handful on the planet, all while not being a top player in “tech”.

So once there is a crunch or restructuring of the American “techie” scene, we luckily aren’t so dependent on overpaid goofballs working on a laptop while sitting on beanbags (although we still have a huge amount of that workforce as well). Keep the region diverse, I say....

Yeah I can help but think this Rio Tinto move is related to the FoxxCon plant in Racine. Cant say for sure the they are a supplier, but hard to imagine that they're not given their product line.

[bnk]

Much better than moving in from the burbs





https://en.wikipedia.org/wiki/Rio_Tinto_Group

Rio Tinto Group is an Anglo-Australian multinational and one of the world's largest metals and mining corporations.

Headquarters: London, United Kingdom

CEO: Jean-Sébastien Jacques (Jul 2, 2016–)

Revenue: 40.03 billion USD (2017)

Number of employees: 50,000 (2017)

Rio Tinto is the third-largest mining company in the world by revenue (45.1 billion US dollars).




Rio Tinto Group is an Anglo-Australian multinational and one of the world's largest metals and mining corporations

…

Rio Tinto has joint head offices in London (global and "plc") and Melbourne ("Limited" – Australia).

Rio Tinto Group is a dual-listed company traded on both the London Stock Exchange, where it is a component of the FTSE 100 Index,and the Australian Securities Exchange, where it is a component of the S&P/ASX 200 index. Additionally, American Depositary Shares of Rio Tinto's British branch are traded on the New York Stock Exchange, giving it listings on a total of 3 major stock exchanges











Currently 27 new job postings just listed for Rio Tinto today , any job title duplicates are multiple posting for more than one person. Those are some high end jobs. A lot of those mining specialist jobs will like be filled from people out of the state or country.


https://www.indeed.com/q-Rio-Tinto-l-Illinois-jobs.html


Analyst, Technical Support
- new
Rio Tinto - - Chicago, IL 60601

Specialist Commercial, Copper Intermediates
- new
Rio Tinto - - Chicago, IL 60601

Specialist, Container, Barge, Terminal
- new
Rio Tinto - Chicago, IL 60601

Specialist Customs Duties (USA) - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Specialist, Container, Barge, Terminal - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Specialist Commercial, Copper Intermediates - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Commerical Advisor - Supply Chain - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Specialist, Trucking - new
Rio Tinto - -Chicago, IL 60601 (Loop area)

Specialist Marketing - new
Rio Tinto - - Chicago, IL 60601 (Loop area)

Analyst, Technical Support - new
Rio Tinto - - Chicago, IL 60601 (Loop area)

Senior Specialist Logistics Performance Improvement - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Senior Specialist Commerical, Copper Cathodes - new
Rio Tinto - - Chicago, IL 60601 (Loop area)

Commerical Advisor - Supply Chain
- new
Rio Tinto - - Chicago, IL 60601

Specialist Marketing
- new
Rio Tinto - Chicago, IL 60601

Senior Specialist Commerical, Copper Cathodes
- new
Rio Tinto - Chicago, IL 60601

Specialist Customs Duties (USA)
- new
Rio Tinto - Chicago, IL 60601

Principal Advisor Digital Marketing - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Manager Market Intelligence Copper Products - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Senior Specialist Commercial, Sulphuric Acid - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Senior Commercial Manager, Sulfuric Acid - new
Rio Tinto - Chicago, IL 60601 (Loop area)

Specialist, Trucking
- new
Rio Tinto - Chicago, IL 60601

Principal Advisor Digital Marketing
- new
Rio Tinto - Chicago, IL 60601

Commerical Advisor - Supply Chain
- new
Rio Tinto - Chicago, IL 60601

Senior Specialist Logistics Performance Improvement
- new
Rio Tinto - Chicago, IL 60601

Specialist, Container, Barge, Terminal
- new
Rio Tinto - Chicago, IL 60601

Specialist Commercial, Copper Intermediates
- new
Rio Tinto - Chicago, IL 60601

Manager Market Intelligence Copper Products
- new
Rio Tinto - Chicago, IL 60601

[the urban politician]

^ Very few IT positions. Diversification, my friend

[jpIllInoIs]

Rio Tinto is not the first Mining Co to set up shop in Chicago.
You may remember Coeur Mining moved HQ to Chicago in 2013

"A mining company is relocating its corporate headquarters to Chicago.
Coeur d'Alene Mines Corp. plans to move to Chicago from Idaho, Mayor Rahm Emanuel's office announced. The move will bring 100 jobs to the city"

Also CF Industries (HQ Deerfiedl) is a worldwide supplier of phosphorous, nitrogen and other agricultural product. .

Mineral Technologies HQ is in Hoffman Estates

[marothisu]

Originally Posted by the urban politician

^ Very few IT positions. Diversification, my friend

Is your diversification statement supposed to be a shot against IT or something? In 2018, a large company no matter if they are a large bank, a large commodities company, an airline, a national retailer, etc is going to actually probably have a large IT organization of some kind which is extremely important to the company. There are so many people in IT working for non tech companies out there it's not even funny. If you are going to talk about diversification, then these days when talking about large companies especially, you are going to be including IT. And on top of this, many of these companies have gone away from separating out IT from more daily operations at all levels. It is a lot more intertwined now at many places

But if I misread it ..still. According to the BLS's 2017 Occupational Employment Statistics (https://www.bls.gov/oes/current/oes_16980.htm), the amount of computer/mathematical jobs was at 144,240 with another 11,160 jobs applicable within engineering and 13,630 more management positions for this. Together that's 169,030 jobs for the MSA. On the other hand though, there were 263,730 business and financial jobs with another 29,910 financial management occupations and another 95,070 general/operations managers. All together that is 388,710 occupations for that which is over double of that of computer/IT related jobs in the area. If anything, you should be cheering on when more computer/IT related jobs come in if talking about diversification.

[the urban politician]

Originally Posted by marothisu

Is your diversification statement supposed to be a shot against IT or something? In 2018, a large company no matter if they are a large bank, a large commodities company, an airline, a national retailer, etc is going to actually probably have a large IT organization of some kind which is extremely important to the company. There are so many people in IT working for non tech companies out there it's not even funny. If you are going to talk about diversification, then these days when talking about large companies especially, you are going to be including IT. And on top of this, many of these companies have gone away from separating out IT from more daily operations at all levels. It is a lot more intertwined now at many places

But if I misread it ..still. According to the BLS's 2017 Occupational Employment Statistics (https://www.bls.gov/oes/current/oes_16980.htm), the amount of computer/mathematical jobs was at 144,240 with another 11,160 jobs applicable within engineering and 13,630 more management positions for this. Together that's 169,030 jobs for the MSA. On the other hand though, there were 263,730 business and financial jobs with another 29,910 financial management occupations and another 95,070 general/operations managers. All together that is 388,710 occupations for that which is over double of that of computer/IT related jobs in the area. If anything, you should be cheering on when more computer/IT related jobs come in if talking about diversification.

Definitely not a shot at IT. In fact, I’ve told people that most companies, including old line companies, are effectively tech companies nowadays.

My point is more that we don’t rely on industry whose birth and entire existence is owed to their software, and thus tech workforce, and yet still have one of the largest metropolitan economies on earth. That’s a level of diversification that some have viewed as a weakness, but I view it as an asset.

[marothisu]

Originally Posted by the urban politician

Definitely not a shot at IT. In fact, I’ve told people that most companies, including old line companies, are effectively tech companies nowadays.

My point is more that we don’t rely on industry whose birth and entire existence is owed to their software, and thus tech workforce, and yet still have one of the largest metropolitan economies on earth. That’s a level of diversification that some have viewed as a weakness, but I view it as an asset.

Okay - I know what you're saying. Yes, the biggest strength, or one of the biggest, is that Chicago is diversified but then again so are many other areas. I think though that the IT thing becomes more and more important to the success of companies (not all of course) with each passing month. As paradigms shift, it's important to go with them.

I don't think the "startup economy" is about to crash as a whole, but I think that it's becoming apparent how certain geographies aren't sustainable from that perspective. As a result, we see these things spread out more. Of course, if the economy hits the crapper in the next 5 or 10 years or something then we'll probably see way less money given out IMO. But that's not where we are yet.

Also, I did have to laugh when you were talking about startup culture and bean bags. The funny thing though and maybe you don't realize, but a lot of old, monolithic companies that have a stereotype of being conservative and suit-wearing are going towards that way at least for the tech. I have worked for 2 of those corporations in my life and you'd be surprised. The difference is that the people that are hired usually know when is actually a good time to take a break to play pool and when it's not a good time. Of course, I've had a few employees come straight out of college and go do this stuff all the time, but after I give them a little talk it stops. They at least aren't idiots. Anyway, for my current employer which has this stereotype for 99.9% of people in the world, my division moved from a typical office to a more open layout with pool tables, foosball, etc etc - the difference was night and day all around from morale to teamwork - much better now. Even the people who are in their 50s and more conservative like the office incredibly more than the old one and don't complain.

[marothisu]

Preliminary employment numbers by state for June were released yesterday. Illinois had the 2nd largest increase of employment from May to June - only Massachusetts had a higher gain in that month. Total employment increase was 18,100 people. Illinois has 58,300 more jobs in June 2018 than June 2017.

https://www.bls.gov/news.release/laus.nr0.htm

[bnk]

That's good news but its buried under massive amounts of negative news


One alderman is suggesting this and it keeps popping up daily in the national and international media. It just wont go away.



https://www.investors.com/politics/e...-basic-income/

Chicago's Next Really Bad Idea: A Guaranteed Basic Income


7/20/2018

Money For Nothin': Apparently not satisfied with the already disastrous condition of its finances, Chicago this week said it would like to experiment with a universal basic income, a socialist pipe-dream that pops up every few years as a "new" idea. It's not. And it will never work....




Other fun headlines from today









Chicago Blasted for its hatred For Ketchup On A Highway Sign

Chicago Named The ‘Rat Capital’ Of The U.S., Study Says

Chicago Is Rats' Most Beloved City In US, Yet Another Study Shows
"The abundance of garbage and buildings in The Windy City makes it a great location for rats," the report said.

Boy, 15, among 6 shot in city

8 shot over 12 hours in Chicago, including man gunned down near church in Bronzeville

Mother of two gunned down, and Chicago will quickly forget

Chance the Rapper Buys Influential Chicago News Site

Lawsuit: Chicago's 'minor' traffic tickets shouldn't carry big fines

Body found in Chicago identified as missing Naperville man's

Man Participating in Special Olympics Missing in Chicago: Cops

Chicago Servers, Bartenders Swindled Out of More Than $30M in Tips by Restaurant Group: Lawsuit

Are African-Americans getting their share of downtown jobs?

Employment in downtown Chicago drops for residents from majority-black communities

Officials investigating abuse claims by migrant children at Chicago-area shelter




That just a small 24-48 hour news headline sample

[llamaorama]

If you look for bad news about any city you are bound to find some.

That article about UBI sounds like a opinion piece, not an unbiased work of actual journalism.

[marothisu]

Originally Posted by llamaorama

If you look for bad news about any city you are bound to find some.

No doubt Chicago's news gets dominated by bad news for various reasons, but this is not unique. Most cities are like this at least in the US believe it or not. I don't know what bnk is trying to prove here - it's pretty well known, but it's not unique to Chicago.