CHICAGO | Economic & Business Development - Page 259

twister244 · #**5161** Posted **Oct 5, 2023, 4:30 PM**

This is behind a paywall for me, but definitely looks like some interesting information in here about some new initiatives?.....

https://www.bloomberg.com/news/artic...mium#xj4y7vzkg

marothisu · #**5162** Posted **Oct 17, 2023, 3:57 AM**

French alternative meat company Umiami picked Chicago as its US HQ, to open in early 2024. Starting out small with 13 to 15 people but could grow to 250 people in the next 3 years in the US (it says "hopefully in Chicago" according to the US Managing Director who already resides in Chicago and was the former VP of Strategy for PepsiCo

https://www.chicagobusiness.com/comm...s-headquarters

twister244 · #**5163** Posted **Oct 23, 2023, 8:07 PM**

Not sure how much of an impact this makes, but it seems like there's some teeth to this announcement in the Quantum Computing inertia.

https://chicagoquantum.org/news/chic...administration

SamInTheLoop · #**5164** Posted **Oct 24, 2023, 2:17 PM**

Quote:

Originally Posted by marothisu

French alternative meat company Umiami picked Chicago as its US HQ, to open in early 2024. Starting out small with 13 to 15 people but could grow to 250 people in the next 3 years in the US (it says "hopefully in Chicago" according to the US Managing Director who already resides in Chicago and was the former VP of Strategy for PepsiCo

https://www.chicagobusiness.com/comm...s-headquarters

"French alternative meat company"

Something about that specific combination of words in that precise order that just doesn't sit well with me. I finally found my "moist".

I guess this is still good news though!

SIGSEGV · #**5165** Posted **Oct 24, 2023, 3:21 PM**

Quote:

Originally Posted by SamInTheLoop

"French alternative meat company"

Something about that specific combination of words in that precise order that just doesn't sit well with me. I finally found my "moist".

I guess this is still good news though!

Will artificial horse meat be considered taboo too? I guess we'll find out.

I almost think the city should incentivize these companies to go to the stockyards area, for the irony of it.

Steely Dan · #**5166** Posted **Oct 24, 2023, 3:26 PM**

I just heard on the radio that "The French Alternative Meat Company" are coming to town in February for a three show set at the salt shed!

urbanpln · #**5167** Posted **Oct 24, 2023, 3:43 PM**

Quote:

Originally Posted by steely dan

i just heard on the radio that "the french alternative meat company" are coming to town in february for a three show set at the salt shed!

lol!

sentinel · #**5168** Posted **Oct 24, 2023, 4:04 PM**

Quote:

Originally Posted by Steely Dan

I just heard on the radio that "The French Alternative Meat Company" are coming to town in February for a three show set at the salt shed!

I mean, not gonna lie, I'd probably be into their music and check them out..

twister244 · #**5169** Posted **Oct 24, 2023, 5:12 PM**

Quote:

Originally Posted by SamInTheLoop

"French alternative meat company"

Something about that specific combination of words in that precise order that just doesn't sit well with me. I finally found my "moist".

I guess this is still good news though!

French don't do "Alternative" food. It's either all in on duck fat, crepes, bread, and cream, or you go to London where you belong.

twister244 · #**5170** Posted **Oct 25, 2023, 4:01 PM**

Saw this pop up on my feed today, nothing shattering, but good to see a company opening new office space in downtown. Not sure if this is a move from one part of downtown to another, or if it's a new addition all together. The article mentions space size, but not employee head count.

https://www.prnewswire.com/news-rele...=eml_cleartime

SIGSEGV · #**5171** Posted **Oct 25, 2023, 4:06 PM**

Quote:

Originally Posted by twister244

Saw this pop up on my feed today, nothing shattering, but good to see a company opening new office space in downtown. Not sure if this is a move from one part of downtown to another, or if it's a new addition all together. The article mentions space size, but not employee head count.

https://www.prnewswire.com/news-rele...=eml_cleartime

My read is previously they were only in Northbrook (they were in River North until 1979). UL are the people who certify everything (you should see their mark on the power supply for your phone, for example...)

OrdoSeclorum · #**5172** Posted **Oct 30, 2023, 3:54 PM**

The Belvidere Stellantis factory is opening up and they are going to create a large battery factory nearby.

https://www.chicagobusiness.com/manu...tellantis-deal

As a Midwest chauvinist, this kind of news is cheering. From about 1850 to 1970 the industrial Midwest was where more wealth was being built than anywhere else on the planet. A few decades where things get a little worse most years when it comes to blue-collar jobs and manufacturing has been a lot to overcome.

I've been waiting for the day when the trend ends and a moderate, generations-long headwind reverses to become a light tailwind. All of Illinois' legacy infrastructure, people and institutions might flip from being "good, but not enough" to an engine that now has a real load to pull.

It's not a *huge* deal, but when I read reports of real estate being in short supply in Bloomington-Normal due to demand from Rivian plant employees, it makes me think of what a narrative flip it would be if there were just five or six more investments of that nature in the state. If Springfield, Peoria and Rockford each had a similar situation, Illinois would look a lot more like the fictional version did in Leave it to Beaver.

ardecila · #**5173** Posted **Oct 30, 2023, 9:12 PM**

Good time to invest in farmland in Huntley or Hampshire... all those new factory workers will need a place to live. That plus the new Metra service to Rockford, and things are looking up for the I-90 corridor.

Unfortunately as vast as Chicagoland already is, these manufacturing investments keep going to the urban fringe and fueling the sprawl machine. Meanwhile, to the extent we have brownfields they are getting snapped up for e-commerce warehouses that don't create many jobs and certainly don't create well-paying jobs.

jboy560 · #**5174** Posted **Oct 31, 2023, 12:05 AM**

More good news!

Ford will invest $400 million in South Side factory

https://www.chicagobusiness.com/manu...-part-uaw-deal

sentinel · #**5175** Posted **Oct 31, 2023, 6:47 PM**

Gov. Pritzker, Illinois universities make aggressive bid for federal semiconductor hub

This would be a huge, long-term win for the City, suburbs and the entire state:

'With Chicago in the running for the $11 billion National Semiconductor Technology Center, a multi-university network of researchers and scientists are optimistic Illinois’ advances in engineering and manufacturing — especially quantum — will help them seal the deal. So is Gov. J.B. Pritzker.'

https://chicago.suntimes.com/2023/10...iconductor-hub

Randomguy34 · #**5176** Posted **Oct 31, 2023, 10:37 PM**

I know that a few UChicago scientists often meet with Biden about advancements in quantum computing and semiconductors. Not a guarantee we'll win this, but at least Biden is aware of how essential Chicago is for the industry.

SIGSEGV · #**5177** Posted **Nov 1, 2023, 1:21 AM**

Biden is visiting Chicago for Bidenomics speech soon, I thought I read? Possibly a good omen...

twister244 · #**5178** Posted **Nov 1, 2023, 2:36 PM**

Quote:

Originally Posted by sentinel

Gov. Pritzker, Illinois universities make aggressive bid for federal semiconductor hub

This would be a huge, long-term win for the City, suburbs and the entire state:

'With Chicago in the running for the $11 billion National Semiconductor Technology Center, a multi-university network of researchers and scientists are optimistic Illinois’ advances in engineering and manufacturing — especially quantum — will help them seal the deal. So is Gov. J.B. Pritzker.'

https://chicago.suntimes.com/2023/10...iconductor-hub

Can we all just agree that Pritzker is basically the real mayor of Chicago here? The guy has done an amazing job of luring in economic wins for the city/metro regions, while also shoring up the state financial situation.

Handro · #**5179** Posted **Nov 1, 2023, 3:24 PM**

Pritzker in and Madigan out have been the biggest boons to IL in my lifetime, the wins just keep coming.

Also, not for nothing, but I've read in a few places what a huge ally Pritzker has been for Biden, which played a big role in Chicago getting the DNC. Maybe this semiconductor hub will be another byproduct of that...

twister244 · #**5180** Posted **Nov 1, 2023, 3:37 PM**

Quote:

Originally Posted by Handro

Pritzker in and Madigan out have been the biggest boons to IL in my lifetime, the wins just keep coming.

Also, not for nothing, but I've read in a few places what a huge ally Pritzker has been for Biden, which played a big role in Chicago getting the DNC. Maybe this semiconductor hub will be another byproduct of that...

I hope so. I think Chicago becoming a tech hub for semiconductors and (even more so) for quantum computing would be a HUGE long-term win for the city.