Economy Chicago metropolitan area

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westward view willis tower in chicago




the chicago metropolitan area home corporate headquarters of 57 fortune 1000 companies, includes boeing, mcdonald s, motorola, discover financial services, united continental holdings, walgreens, , aon among others, representing diverse group of industries. area major global financial center, , chicago home largest futures exchange in world, cme group (chicago mercantile exchange). in march 2008, chicago mercantile exchange announced acquisition of nymex holdings inc, parent company of new york mercantile exchange , commodity exchange. cme s acquisition of nymex completed in august 2008.


a key piece of infrastructure several generations union stock yards of chicago, 1865 until 1971 penned , slaughtered millions of cattle , hogs standardized cuts of beef , pork.


the chicago area, meanwhile, began produce significant quantities of telecommunications gear, electronics, steel, crude oil derivatives, automobiles, , industrial capital goods.


by 2000s, illinois economy had moved toward dependence on high-value-added services, such financial trading, higher education, logistics, , health care. in cases, these services clustered around institutions hearkened illinois s earlier economies. example, chicago mercantile exchange, trading exchange global derivatives, had begun life agricultural futures market.


in 2007, area ranked first among u.s. metro areas in number of new , expanded corporate facilities. ranked third in 2008, behind houston–sugar land–baytown , dallas–fort worth metropolitan areas, , ranked second behind new york metropolitan area in 2009.


the wall street journal summarized chicago area s economy in november 2006 comment chicago has survived repeatedly reinventing itself.








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