Originally Posted by Ch.G, Ch.G
This. Is. Awesome.
^ I just thought that the link I provided above was a nice indicator of new trends which may be brewing under the surface. Chicago has a lot of industries that have left town or collapsed, and that has wreaked havoc upon its economy, but from the ashes we see plenty of signs of new life, and that is crucial.
The OECD review mentioned a talent/employment gap occurring in Chicago, but perhaps in part that is contributing to so much entrepreneurship in the city. A lot of people are sticking around and creating their own companies, doing their own thing and that seems to be reflected in part in the above numbers.
What is nice about Chicago is that when you look at that list of 12 companies, you see a diversity of industries:
Chicago’s tremendous economic diversity serves it well here.
Interestingly, America’s “dream city” Houston only has 2 companies on the list. Also interesting is Nashville’s performance, with 6 companies on the list. This is impressive considering Nashville’s size compared to all of the big boys.
Here is the same list for last year:
Interestingly, Chicago wins in this list as well, but this time its lead is less over its rivals, with 7 companies. In this list, San Francisco has about 5, but if you include Oakland then the Bay Area either ties or wins at 7 or 8.
So Chicago pulled even further ahead of the field this year, and it also appears that Nashville has recently stepped it up a notch, while the Bay Area took a bit of a hit, only having 3 companies on the list for this year.
These lists also point to some good indicators for Detroit as well, which seems to have a good handful of companies on the list for each year. Keep in mind that this list is for “inner city” companies only, so the “inner city” of Detroit, which has long been struggling, does show signs of life. Great to see. We need other midwestern cities to enter the global age as well.