**World Business Chicago (WBC)** is the City of Chicago’s official economic development agency dedicated to driving inclusive economic growth, job creation, and supporting businesses in the region. Established to promote Chicago as a leading global city, WBC plays a central role in attracting new companies, facilitating corporate expansions, and retaining existing businesses within Chicago and the greater Chicagoland area, which includes seven counties[1].
WBC’s mission focuses on equitable economic development to ensure prosperity for all Chicagoans. Its vision is to make Chicago the most business-friendly city globally by serving as a model for inclusive growth. The agency targets five key industry sectors where Chicago holds competitive advantages and expects high growth over the next decade: Life Sciences and Healthcare, Food & Agtech, Transportation & Logistics, Manufacturing, and Fintech. These sectors are supported by two strategic pillars—Cleantech and Quantum Computing—highlighting WBC’s emphasis on innovation and sustainability[1].
Key initiatives run by WBC include:
- **Greater Chicagoland Economic Partnerships**, fostering regional collaboration across Cook, DuPage, Kane, Kendall, Lake, McHenry, and Will counties.
- **Chicagoland Climate Investment Alliance**, which promotes climate technology innovation and sustainability.
- **Talent and Workforce Development**, connecting businesses to Chicago’s rich talent pool through partnerships with educational institutions and workforce agencies.
- **Chicago Sister Cities International**, which leverages Chicago’s 28 sister city relationships to enhance cultural, educational, and international business exchanges[1].
WBC operates at the intersection of public and private sectors, managing economic projects for the City and collaborating with diverse stakeholders to maintain Chicago’s competitive edge in the global economy. Its strategic focus on emerging technologies, sustainability, and talent development aligns with Chicago’s broader economic profile as a hub for manufacturing, finance, and innovation, home to numerous Fortune 500 companies and tech enterprises[1][7]. This positions WBC as a critical driver of business and technological advancement in on