CHICAGO | Economic & Business Development

[moorhosj]

Originally Posted by the urban politician

^ There is no way that whites make up over 50% of Chicago's population. Obviously a sizable chunk of what is called "whites" are Hispanics.

Hispanics are way the hell more than just 308k people in the city of Chicago

Yes, that is the highest level racial breakdown, you need to look at the further breakdown to spell out your point:
Hispanic or Latino (of any race) - 787,978 - 29.0%
Mexican - 588,471 - 21.7%
Puerto Rican - 96,791 - 3.6%
Cuban - 8,014 - 0.3%
Other Hispanic or Latino - 94,702 - 3.5%

White alone - 893,334 - 32.9%

[left of center]

Originally Posted by moorhosj

Where are you seeing this? The data I am seeing shows this for 2017:

I'm getting slightly different numbers.

Total: 2,716,462
White alone 1,354,634
Black or African American alone 809,079
American Indian and Alaska Native alone 7,819
Asian alone 181,505
Native Hawaiian and Other Pacific Islander alone 390
Some other race alone 286,849
Two or more races: 76,186
Two races including Some other race 20,021
Two races excluding Some other race, and three or more races 56,165

Source: https://factfinder.census.gov/faces/...prodType=table

These numbers do agree with marothisu's assessments regarding black population, which has dropped to 29.8% of the city's total.

Edit: I think the difference is my list takes each race "alone", meaning that it would not add in anyone who would be mixed race (an individual who is half hispanic, half black would count for neither, for instance)

[marothisu]

Some more data points. The percentage of 6+ figure households increased from 26.1% in 2016 to 27.3% in 2017.

[Vlajos]

Originally Posted by moorhosj

Where are you seeing this? The data I am seeing shows this for 2017:

Total population - 2,716,462
White - 1,416,081
Black or African American - 838,163
American Indian and Alaska Native - 24,401
Asian - 209,610
Native Hawaiian and Other Pacific Islander - 2,642
Some other race - 308,582

And this for 2016:
Total population - 2,704,965
White - 1,371,051
Black or African American - 834,073
American Indian and Alaska Native - 21,313
Asian - 198,728
Native Hawaiian and Other Pacific Islander - 3,619
Some other race - 356,784

A big increase in Whites and Asians, smaller increases for Blacks and American Indians/Islanders and a large loss for "Some other race".

So Chicago's population grew by about 12K?

[Vlajos]

Originally Posted by marothisu

Some more data points. The percentage of 6+ figure households increased from 26.1% in 2016 to 27.3% in 2017.

Nice. How about the number of households?

Edit, so it looks like 2016 had 275,090 households making $100K+

2017 had 286,020 making $100K+

[MayorOfChicago]

From what I see:

White: +10,980
Blacks: +3,401
Asian: +8,736
Hispanic: -15,498

https://factfinder.census.gov/faces/...prodType=table

[marothisu]

Originally Posted by MayorOfChicago

From what I see:

White: +10,980
Blacks: +3,401
Asian: +8,736
Hispanic: -15,498

https://factfinder.census.gov/faces/...prodType=table

Furthering this going into Hispanic vs. Non Hispanic because there's more nuance to this:

Hispanic White: +34,069 people
Non-Hispanic White: +10,980 people
Asian: +8736 people
Black, Non-Hispanic: +3401 people
Black, Hispanic: +3221 people
Other, Non-Hispanic: +2633 people
Two or More Races, Non Hispanic: +1753 people
Hispanic Asian: +471 people
Two or More Races, Hispanic: +48 people
Other, Hispanic: -52,212 people

So basically every group gained some people but the "Other Hispanic" group was the only to lose people and it was a lot of them. The Hispanic White population grew the most out of anybody.

[the urban politician]

What is “other Hispanic”?

[marothisu]

Originally Posted by the urban politician

What is “other Hispanic”?

A non white, Asian, or Black Hispanic person. Lol. More like the "stereotype" that everyone thinks of, not a Hispanic person with a lot of ancestry if you go back a little bit in Europe, Asia, or Africa.

[moorhosj]

They do not make this stuff easy. Looking at some of this data again today and it looks like they revised the 2016 population estimate up to 2.720 million, which means this year's 2.716 is actually down slightly. It also appears that the much publicized population drops in 2013, 2014, and 2015 have been revised to show a different story:



The original 2016 estimate was 2.705:



Can anyone make sense of this? They claim the margin of error is +/- 62 people, but that doesn't pass the smell test based on past changes.

[emathias]

Originally Posted by marothisu

...
Singapore is rich, so I'm sure it's not far behind the top 10 and it's not a cheap city but it's not as bad as Tokyo or Hong Kong. I visited Hong Kong for the first time just under a year ago. That might be the most depressing city - did not like it. Cities in Mainland China I visited like Shanghai, Hangzhou, etc are much, much nicer.
...

Plus, Singapore is a lot smaller than most of the cities in the list. It's less than 6 million people. Sometimes scale does matter. And while it shares a similar history to Hong Kong, there are key differences, and Hong Kong's association with China brings in a lot more wealth than Singapore's association with Malaysia.

[the urban politician]

Here's a snippet of data from another thread that I find encouraging. It appears that the story of Chicago "struggling" as a result of the drastic slowdown in Mexican immigration is overblown. If anything, at least for the metro area, immigration from other groups seems to be "picking up the slack":

Originally Posted by Urbanguy

In 2015 Pew Research did a study entitled "More Mexicans Leaving Than Coming to the U.S."

"Net Loss of 140,000 from 2009 to 2014; Family Reunification Top Reason for Return."

Source: http://www.pewhispanic.org/2015/11/1...ng-to-the-u-s/


Here are some select metro's overall.

2016-2017 growth of Foreign-born

United States 786,510
1 Miami-Fort Lauderdale-Port St. Lucie, FL CSA 68,185
2 Dallas-Fort Worth, TX-OK CSA 61,956
3 San Jose-San Francisco-Oakland, CA CSA 59,112
4 New York-Newark, NY-NJ-CT-PA CSA 48,111
5 Chicago-Naperville, IL-IN-WI CSA 44,451
6 Seattle-Tacoma, WA CSA 41,318
7 Washington-Baltimore-Arlington, DC-MD-VA-WV-PA CSA 39,181
8 Houston-The Woodlands, TX CSA 37,700
9 Boston-Worcester-Providence, MA-RI-NH-CT CSA 31,292
10 Detroit-Warren-Ann Arbor, MI CSA 29,880
11 Orlando-Deltona-Daytona Beach, FL CSA 29,036
12 Sacramento-Roseville, CA CSA 25,493
13 Minneapolis-St. Paul, MN-WI CSA 22,284
14 Las Vegas-Henderson, NV-AZ CSA 18,635
15 Raleigh-Durham-Chapel Hill, NC CSA 16,548
16 Jacksonville-St. Marys-Palatka, FL-GA CSA 16,201
17 Salt Lake City-Provo-Orem, UT CSA 15,697
18 Charlotte-Concord, NC-SC CSA 13,813
19 Nashville-Davidson--Murfreesboro, TN CSA 13,352
20 Cincinnati-Wilmington-Maysville, OH-KY-IN CSA 12,515
21 Louisville/Jefferson County--Elizabethtown--Madison, KY-IN CSA 12,150
22 Columbus-Marion-Zanesville, OH CSA 7,163
23 Honolulu, HI Metro Area 5,675
24 Memphis-Forrest City, TN-MS-AR CSA 5,401
25 Denver-Aurora, CO CSA 5,211
26 Omaha-Council Bluffs-Fremont, NE-IA CSA 4,810
27 Portland-Vancouver-Salem, OR-WA CSA 4,692
28 Philadelphia-Reading-Camden, PA-NJ-DE-MD CSA 4,377
29 Grand Rapids-Wyoming-Muskegon, MI CSA 3,750
30 Boise City-Mountain Home-Ontario, ID-OR CSA 3,403
31 Little Rock-North Little Rock, AR CSA 3,097
32 Buffalo-Cheektowaga, NY CSA 2,887
33 Milwaukee-Racine-Waukesha, WI CSA 2,660
34 Albany-Schenectady, NY CSA 1,715
35 St. Louis-St. Charles-Farmington, MO-IL CSA 1,516
36 Indianapolis-Carmel-Muncie, IN CSA 1,087
37 Pittsburgh-New Castle-Weirton, PA-OH-WV CSA 446
38 New Orleans-Metairie-Hammond, LA-MS CSA 332
39 Des Moines-Ames-West Des Moines, IA CSA 239
40 Virginia Beach-Norfolk, VA-NC CSA -712
41 Tulsa-Muskogee-Bartlesville, OK CSA -752
42 Kansas City-Overland Park-Kansas City, MO-KS CSA -895
43 Phoenix-Mesa-Scottsdale, AZ Metro Area -2,581
44 Albuquerque-Santa Fe-Las Vegas, NM CSA -3,238
45 Oklahoma City-Shawnee, OK CSA -3,370
46 Birmingham-Hoover-Talladega, AL CSA -4,842
47 Cleveland-Akron-Canton, OH CSA -6,374
48 San Antonio-New Braunfels, TX Metro Area -8,095
49 Fresno-Madera, CA CSA -8,296
50 Tucson-Nogales, AZ CSA -11,390
51 San Diego-Carlsbad, CA Metro Area -20,511
52 Los Angeles-Long Beach, CA CSA -68,278


Those same metros from above:

2017 Foreign born: 2017 by % 2016 by %

United States 44,525,855 13.7% 13.5%
1 New York-Newark, NY-NJ-CT-PA CSA 6,463,292 27.1% 27.1%
2 Los Angeles-Long Beach, CA CSA 5,571,129 29.7% 30.2%
3 San Jose-San Francisco-Oakland, CA CSA 2,689,641 30.4% 30.1%
4 Miami-Fort Lauderdale-Port St. Lucie, FL CSA 2,615,408 38.3% 37.9%
5 Washington-Baltimore-Arlington, DC-MD-VA-WV-PA CSA 1,778,172 18.2% 18.0%
6 Chicago-Naperville, IL-IN-WI CSA 1,734,662 17.5% 17.1%
7 Houston-The Woodlands, TX CSA 1,646,006 23.2% 23.1%
8 Dallas-Fort Worth, TX-OK CSA 1,412,213 18.0% 17.6%
9 Boston-Worcester-Providence, MA-RI-NH-CT CSA 1,311,572 15.9% 15.7%
10 Seattle-Tacoma, WA CSA 795,401 16.7% 16.1%
11 Philadelphia-Reading-Camden, PA-NJ-DE-MD CSA 787,263 10.9% 10.9%
12 San Diego-Carlsbad, CA Metro Area 777,480 23.3% 24.1%
13 Phoenix-Mesa-Scottsdale, AZ Metro Area 673,330 14.2% 14.5%
14 Orlando-Deltona-Daytona Beach, FL CSA 527,527 16.1% 15.6%
15 Las Vegas-Henderson, NV-AZ CSA 525,323 21.4% 21.1%
16 Detroit-Warren-Ann Arbor, MI CSA 506,927 9.5% 9.0%
17 Sacramento-Roseville, CA CSA 479,273 18.4% 17.7%
18 Denver-Aurora, CO CSA 416,606 11.9% 11.9%
19 Minneapolis-St. Paul, MN-WI CSA 416,102 10.5% 10.1%
20 Portland-Vancouver-Salem, OR-WA CSA 375,167 11.7% 11.7%
21 San Antonio-New Braunfels, TX Metro Area 287,218 11.6% 12.2%
22 Charlotte-Concord, NC-SC CSA 262,547 9.8% 9.4%
23 Raleigh-Durham-Chapel Hill, NC CSA 260,271 11.8% 11.3%
24 Salt Lake City-Provo-Orem, UT CSA 242,023 9.5% 9.0%
25 Fresno-Madera, CA CSA 236,283 20.6% 21.6%
26 Honolulu, HI Metro Area 199,185 20.1% 19.5%
27 Cleveland-Akron-Canton, OH CSA 167,289 4.8% 5.0%
28 Columbus-Marion-Zanesville, OH CSA 166,873 6.7% 6.5%
29 Indianapolis-Carmel-Muncie, IN CSA 159,990 6.6% 6.7%
30 Nashville-Davidson--Murfreesboro, TN CSA 159,537 7.9% 7.4%
31 Kansas City-Overland Park-Kansas City, MO-KS CSA 157,665 6.4% 6.5%
32 Jacksonville-St. Marys-Palatka, FL-GA CSA 146,142 9.0% 8.1%
33 Tucson-Nogales, AZ CSA 139,604 13.1% 14.2%
34 St. Louis-St. Charles-Farmington, MO-IL CSA 137,473 4.7% 4.7%
35 Milwaukee-Racine-Waukesha, WI CSA 134,266 6.6% 6.4%
36 Virginia Beach-Norfolk, VA-NC CSA 115,319 6.3% 6.3%
37 Cincinnati-Wilmington-Maysville, OH-KY-IN CSA 110,934 4.9% 4.4%
38 Oklahoma City-Shawnee, OK CSA 103,304 7.1% 7.4%
39 New Orleans-Metairie-Hammond, LA-MS CSA 100,529 6.7% 6.7%
40 Albuquerque-Santa Fe-Las Vegas, NM CSA 100,365 8.5% 8.8%
41 Pittsburgh-New Castle-Weirton, PA-OH-WV CSA 93,169 3.5% 3.5%
42 Albany-Schenectady, NY CSA 82,932 7.1% 6.9%
43 Louisville/Jefferson County--Elizabethtown--Madison, KY-IN CSA 82,576 5.4% 4.7%
44 Grand Rapids-Wyoming-Muskegon, MI CSA 82,290 5.6% 5.4%
45 Omaha-Council Bluffs-Fremont, NE-IA CSA 75,636 7.8% 7.4%
46 Buffalo-Cheektowaga, NY CSA 74,989 6.2% 6.0%
47 Memphis-Forrest City, TN-MS-AR CSA 73,283 5.3% 4.9%
48 Tulsa-Muskogee-Bartlesville, OK CSA 69,294 6.0% 6.0%
49 Des Moines-Ames-West Des Moines, IA CSA 60,986 7.6% 7.6%
50 Boise City-Mountain Home-Ontario, ID-OR CSA 51,268 6.5% 6.2%
51 Birmingham-Hoover-Talladega, AL CSA 47,129 3.5% 3.8%
52 Little Rock-North Little Rock, AR CSA 35,644 3.9% 3.6%

.....just a side observation: I have no idea where these immigrants live, as Libertyville is about as white as it gets

[SIGSEGV]

My South Loop apartment building appears to be getting increasingly Asian. Not sure how many are foreign-born, but based on languages overheard in the elevator, I suspect a fair number.

[urbanpln]

Where's Atlanta?

[Freefall]

Originally Posted by urbanpln

Where's Atlanta?

Georgia

[the urban politician]

Amsterdam-based Here Technologies making Chicago its US HQ, already has 1200 local jobs with plans to keep hiring.

Sorry, too lazy to post a link

[jpIllInoIs]

HERE has always been here..Chicago based. Used to be Navteq, then bought by Nokia then bought by the Dutch firm. However in a testament to Chicago talent base, they are expanding and committing to their Boieng Bldg space. They will be and are a player in the autonomous vehicle market, they do 4D mapping and indoor mapping for robotics. Very forward stuff.


HERE Technologies


Chicago designated as company’s Americas headquarters
City offers deep workforce talent pool, rising tech sector and history of innovation in transportation and mobility
Company unveils more than 275,000 sq. ft. of remodeled office space
HERE Technologies, a global leader in mapping and location platform services, today unveiled more than 275,000 square feet of transformed office space across 8 floors of the Boeing building downtown Chicago. HERE Technologies is one of the largest tech companies in the city with approximately 1,200 employees, and the office serves as the headquarters for the Americas region.

HERE delivers enterprise-grade location data, analytics and platform services. The company has built one of the world’s largest standard and high-definition (HD) mapping and location platform, which is used across industries to efficiently move goods, people and services.

“We are proud to invest in Chicago and designate our downtown office as our Americas headquarters,” said Angel L. Mendez, Executive Vice President and Chief Operating Officer of HERE Technologies. “We value Chicago for its tremendous workforce talent pool, domain expertise across industries and the city’s history of innovation in transportation and mobility. We look forward to furthering our position within the local tech community and giving back in meaningful ways to the communities in which we live and work.”

The HERE global headquarters is in The Netherlands and the company is backed by several investors, including Intel, Audi, BMW, Bosch, Continental, Daimler and Pioneer. The company operates in 55 countries has more than 9,000 employees globally.

“HERE could have chosen any city in the country as their Americas headquarters, but they chose Chicago because of the talent pool, infrastructure and stability our great city offers,” Mayor Emanuel said. “The HERE Americas headquarters will be a strong addition to Chicago’s business community, and we look forward to their continued long-term investment and job creation in Chicago.”

The company’s team in Chicago spans from computer engineers and machine learning experts to data scientists to cartographers.

In addition to its downtown Chicago regional headquarters, HERE has recently invested in its Chicago garage facility where HERE True HD mapping vehicles are maintained and deployed. HERE True vehicles are equipped with the latest mapping hardware and software which produce the company’s centimeters accurate, 3D representation of the road environment. The HERE HD Live Map is utilized by the automotive industry as an essential technology for the overall safety and comfort of autonomous driving. The vehicles rely on the HD Live Map to localize itself on the road, as well as to better understand the road environment beyond the range of its near-field sensors for strategic path planning.

HERE is an active corporate citizen, engaged with civic and philanthropic organizations throughout Chicagoland. The company serves as a board member of City Tech, where it works with partners and the City of Chicago on real-world urban innovation pilots and smart city concepts. HERE is also a member of the Mayor's Mobility Task Force.

The transformed office space was designed by architecture firm Gensler with room for more than 1,400 employees.

About HERE Technologies

HERE, the Open Location Platform company, enables people, businesses and cities to harness the power of location. By making sense of the world through the lens of location we empower our customers to achieve better outcomes – from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn more about HERE, including our new generation of cloud-based location platform services, visit http://360.here.com and www.here.com.

[the urban politician]

Chicago’s multifamily market bucks the odds, for now

https://www.nreionline.com/multifami...bucks-odds-now

[rgolch]

Originally Posted by the urban politician

Chicago’s multifamily market bucks the odds, for now

https://www.nreionline.com/multifami...bucks-odds-now

Great news! And I have to admit, sort of surprising. Is it more about the health of the city? Or does it have to do with Millennials preferring to live in the city, and being less interested in owning?

[LouisVanDerWright]

Originally Posted by rgolch

Great news! And I have to admit, sort of surprising. Is it more about the health of the city? Or does it have to do with Millennials preferring to live in the city, and being less interested in owning?

Here's an ancedote for you, I've owned and managed 100s of apartments since 2010. I have not once had a tenant move out because they were buying a place. I've have one tenant who has moved to the suburbs and that was only because they got a promotion to be like lead IT guy and an office out in Schaumburg.

I've also done a bunch of flips and have sold at least 4 of then to millennial tech types. One guy was an early GrubHub employee who sold off some of his IPO kitty to diversify into Real Estate, the other is my buddy who works for Salesforce, another was a SFH I sold to a guy who works for HERE (the company listed above) as a comouter engineer and the last guy was an IT guy for one of our big F500s downtown.

The takeaway is that millennials want nothing to do with the suburbs, they aren't super interested in owning, unless they have tech money and can find something nicely renovated in an urban neighborhood by the train. Tech is the main thing driving the ongoing boom here. We have diverged from the coasts because we haven't seen the same rampant speculation as they have, unit deliveries have actually fallen this year. We have also seen tech growth ramp up rapidly here as the coastal markets have become untenable and the tech industry has matured into large blue Chip companies more reliant on execution of a business model than disrupting new sectors.