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The Latest Breaking News from World Business Chicago

Johnson urged to ‘find solutions that work for the airlines’ to salvage O’Hare expansion

Days after announcing his departure from the job growth agency known as World Business Chicago, Michael Fassnacht urged City Hall and the two major carriers to work out their differences on a massive project that started at $8.7 billion but has ballooned to $12.1 billion.

Chicago Sun-Times

Michael Fassnacht to resign as head of World Business Chicago

The veteran advertising executive is expected to remain in his post through at least February to ensure a transition to his successor.

Chicago Sun-Times

Chicago Food Stop, other pop-ups give downtown a jolt of neighborhood vibrancy

The pop-ups are examples of the creative forces put in play since the pandemic, as well as a mechanism that will ensure the vitality of Michigan Avenue.

Chicago Sun-Times

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The end of Chicago poaching suburban corporate headquarters? Area-wide initiative touts ‘new era of regional cooperation’

High up on former Chicago Mayor Rahm Emanuel’s brag sheet were corporate relocations and he helped to lure Motorola from Schaumburg, Kraft Heinz from Northfield and McDonald’s from Oak Brook, among many others.

Chicago Tribune

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

Abortion ruling figures in new pitch for Chicago jobs

A letter from World Business Chicago, signed by Mayor Lori Lightfoot and other civic leaders, urges Fortune 500 companies to invest here because local laws respect worker diversity and impose fewer limits on abortions.

Chicago Sun-Times

In DC, Pritzker, Lightfoot pitch DNC on Chicago bid to host 2024 Democratic convention

Top DNC officials also met on Friday with representatives from New York, Houston and Atlanta, the other cities bidding for the convention.

Chicago Sun-Times

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Chicago business relocation pitch targets ‘Don’t Say Gay’ legislation with full-page ads in Florida, Texas and Arizona

In the war for the hearts, minds and corporate relocations of businesses, Chicago has fired another shot across the bow at three Sun Belt rivals over recent legislation targeting the LGBTQ+ community, such as the Florida education law critics have dubbed “Don’t Say Gay.”

Chicago Tribune

$1 million Google grant supports job training on South and West sides

The money will help a collective of 16 organizations “shrink the wealth gap in Chicago.”

Chicago Sun-Times

Illinois launches economic development campaign to find the next Rivian and draw business beyond Chicago

Intersect Illinois, the state’s public-private economic development arm, has launched a new $1 million digital marketing campaign, “Be In Illinois,” aimed at luring companies to locate beyond the city limits of Chicago.

Chicago Tribune

Lightfoot unveils campaign to welcome air travelers

Neither the mayor nor World Business Chicago CEO Michael Fassnacht mentioned the much-ridiculed “Chicago Not in Chicago” campaign, but they didn’t have to. It was the elephant in Terminal 2.

Chicago Sun-Times

Chicago suspends “Sister City” relationship with Moscow

On Tuesday, Mayor Lori Lightfoot announced she directed World Business Chicago to suspend Chicago’s sister city relationship with the Russian capital.

Chicago Sun-Times

Chicago suspends Moscow’s Sister City status over Russian invasion of Ukraine

CHICAGO — After nearly three dozen aldermen called for Chicago’s Sister Cities relationship with Moscow to be suspended while the Russian war on Ukraine is ongoing, Mayor Lori Lightfoot directed World Business Chicago to do just that.

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