October 4, 2022

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Economic Development Organization- World Business Chicago

This article is about a company called “World Business Chicago”. This company was created in 2008 by Mayor Richard M. Daley and its main goal is to increase the number of jobs available in Illinois, as well as coming up with creative solutions for business development. World Business Chicago also works hard to make sure that businesses are thriving, regardless of what sector they are involved in. They offer services such as research and development, cost assessment, marketing strategies, financial modeling options and many more. The company has already had its fair share of success stories with companies such as Groupon, Grubhub and United Airlines being started here locally while hiring more than 40 people every week. (Scott, 2013)

In addition to World Business Chicago’s work in the field of business development, they also work in other areas including government relations and finance. World Business Chicago offers their services to many different businesses both big and small. Some of their most recent clients include:

(Scofield, 2013)  –   Groupon

(Scott, 2013)  –   United Airlines

(Scofield, 2013)  –   Grubhub

These companies are just a few of the businesses that have been able to use or benefit from these services as a way of attracting more clients or making their work environment better.

World Business Chicago aims to provide a long lasting and successful business environment, which is why they offer many different services that businesses can take advantage of. Some of these services include research and development, cost assessment and economic growth assistance. These services help to keep the company’s main goals in mind. (Economic Development Organization- World Business Chicago)  Through this they hope to expand the companies they work with as well as bring more companies into the state of Illinois. As investments continue to be made here on a regular basis, more people are needed, which in turn brings up job opportunities for a larger number of people.

What is World Business Chicago?

World Business Chicago was created in 2008 by Mayor Richard M. Daley to help in the development of new jobs and bring more investments into the city of Chicago. As a non-profit organization, this company offers many services to businesses that work with them. This includes research and development, cost assessment and marketing strategies. Their goals are to make Chicago a successful environment both locally as well as internationally.

(Economic Development Organization- World Business Chicago)  They want to bring more companies into Illinois while showing that they have a positive impact on its already thriving business climate.

What services does World Business Chicago offer?

World Business Chicago offers many different services to help businesses prosper. Some of these include:

(Economic Development Organization – World Business Chicago)  – Research and Development, which allows companies to reach beyond the limits they may have, in a safe and efficient manner. This includes different aspects of investment banking and financial modeling/management that allows businesses to reach their full potential. Cost assessment is another service that is offered by the company as they want to make sure that businesses are making smart investments. Through this process they can help companies to determine how much a project will cost them but also show what will generate the most amount of profit for them personally.

What is the company’s main impact on companies?

World Business Chicago aims to help companies in any way possible, whether it be by giving them advice or even just giving them the motivation they need to expand. This company helps many different businesses no matter what size, which has proven to be very successful for their clients. (Economic Development Organization – World Business Chicago)  This can be seen with companies such as Groupon, Grubhub and United Airlines who have all been able to grow into major businesses with the help of this organization.

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Conclusion

World Business Chicago is a successful organization that helps to keep the economy strong here in the state of Illinois. They have proven that they are able to help many different businesses grow, no matter what size. This all started with Mayor Richard M. Daley when he created World Business Chicago in 2008. (Economic Development Organization – World Business Chicago)  He has been very successful with starting new businesses while also keeping companies here in Illinois, as well as attracting more businesses to be involved locally.