2018 Annual Report

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2018 ANNUAL REPORT

LOCAL IMPACT. GLOBAL REACH. ABOUT WORLD BUSINESS CHICAGO

WHO WE ARE OUR MISSION OUR VISION

World Business Chicago is Chicago’s public- Our mission is to drive inclusive economic Our vision is to ensure that all growth and job creation, support business, and Chicagoans prosper. private economic development agency. promote Chicago as a leading global city.

HOW WE DO IT

ACTIVATING LOCAL IMPACT AMPLIFYING GLOBAL REACH

BUSINESS DEVELOPMENT GLOBAL STRATEGIC INITIATIVES Promoting Chicago’s talent, technology, transportation, infrastructure, Attracting foreign investment and facilitating joint ventures, partnerships, housing, and cultural resources to companies across the nation and globe. and intergovernmental agreements.

NEIGHBORHOOD AND STRATEGIC INITIATIVES CHICAGO SISTER CITIES INTERNATIONAL Promoting Chicago’s neighborhoods as strong sites for business locations Celebrating cooperation and understanding through citizen diplomacy, and expansion. including 28 sister cities, 600+ volunteers, and global partnerships.

CHICAGONEXT Dedicated effort to advance Chicago’s tech ecosystem and build a strong platform for inclusive growth in Chicago’s innovation economy. TABLE OF CONTENTS

Letter from the Chairman 4 Letter from the Vice Chairman and the President and CEO 5 A Quick Look Back: A Snapshot of WBC Milestones 6

ACTIVATING LOCAL IMPACT 8 BUSINESS DEVELOPMENT OVERVIEW 9 New and Expanding Companies 10 Why Companies Choose Chicago 12 Case Study: Securing a Growing Company 13

NEIGHBORHOOD AND STRATEGIC INITIATIVES OVERVIEW 14 NSI Program Highlights 15 Case Study: A MAPP Student’s Perspective 16

CHICAGONEXT OVERVIEW 17 Chicago Venture Summit 18 ThinkChicago 18 Blackstone Inclusive Entrepreneurship Challenge 19 Case Study: Future Founders 20

AMPLIFYING GLOBAL REACH 21 GLOBAL STRATEGIC INITIATIVES OVERVIEW 22 International Travel & Partnerships 23 Global Reach 24

CHICAGO SISTER CITIES INTERNATIONAL (CSCI) 26 Global Youth Ambassador Leadership Program 27 Case Study: Female Empowerment Around the Globe 28

CHICAGO CONSULAR CORPS GALA 29

WBC Fellowship Program 30 Strategic Partnerships 31 Financials 32 Supporters 33 Acknowledgments 34 Photo by Cameron Casey from Pexels LETTER FROM THE CHAIRMAN MAYOR RAHM EMANUEL

In 2018, Chicago continued to prove why it is a leader in the global this agreement was signed it 2013, we have seen record-breaking economy with another record-breaking and award-winning year investment from China every year. We also traveled to Tokyo, where for economic development, once again demonstrating why it is Chicago signed a first-of-its-kind economic partnership with the city where companies want to grow and invest. Japan to create increased cooperation in economic development and investment. The success in 2018 builds on the work we have done over the past eight years to help Chicago’s economy grow and thrive citywide. It is of great importance that our work is felt throughout all of Since 2011, the employment rate in Chicago is up by 15.8%, and Chicago. By focusing on a neighborhood economic development Chicago’s regional GDP has grown year-over-year since 2011 to strategy that is driving more investment into historically its current $634B. In this same time period, the work the City of underserved neighborhoods on the South and West sides, we Chicago has done in partnership with World Business Chicago has are beginning to see the rebirth of once-thriving commercial led to 55 headquarter relocations and 190 company expansions, corridors, while entrepreneurs can find a path to success in their bringing 53,047 new jobs. own communities. I was proud to end the year by opening The Hatchery in Garfield Park, a food incubator for small business and Last year was no exception — Chicago continues to lead on the a training center for those pursuing a career in the food industry. world stage. For the sixth year in a row, Site Selection magazine named Chicago as the No. 1 U.S. metro for corporate relocations Throughout this report, you will see why Chicago is a global leader and expansions, while the IBM Global Trends Report named and making a real impact for its citizens. I remain nothing but Chicago the No. 1 metro for foreign direct investment in North extremely optimistic about our future. America, also for the sixth consecutive year, and for the first time, Sincerely, moving into the top five in the world.

Such accolades come through hard work and the strong relationship we have with our friends in Chicago and around the world. Last July, I led a delegation to Asia where we renewed our Rahm Emanuel Gateway Cities Agreement with the Chinese Ministry of Commerce Mayor, City of Chicago and eight Chinese cities to continue to build economic ties. Since Chairman, World Business Chicago

4 2018 ANNUAL REPORT LETTER FROM THE VICE CHAIRMAN AND THE PRESIDENT AND CEO MICHAEL SACKS AND ANDREA L. ZOPP

Since 1837, Chicago has been a city where community is valued opportunities for small businesses. This includes the Medical above all else. We look out for each other and work together to Assistant Pathway Pilot (MAPP), an 18-month program launched make sure our entire city thrives. This principle is a guiding light with the Chicagoland Healthcare Workforce Collaborative that for World Business Chicago as we work each year to achieve our offers their current hourly and lower-skilled, full-time healthcare mission of driving inclusive economic growth and job creation for employees an opportunity to complete a Medical Assistant all Chicagoans. Certification Program at Malcolm X College.

Throughout our 2018 Annual Report, you will see why Chicago is Our work stretched out from the borders of Chicago itself and one of the best cities in the country to work, live, and play, attracting around the world as we led delegations with Mayor Emanuel to both world-class talent and a diverse array of new headquarters China and Japan, furthering our already strong economic ties with and expansions. Just this past year that impressive list included these countries. And through Chicago Sister Cities International, Google, Salesforce, Walgreens, McDonald’s, Aspen Dental, First we continued to deepen our relationships with our 28 international Midwest Bank, and Ferrera Candy Co. sister cities around the world.

Chicago’s tech and innovation sector continued as our fastest- With all of that said, we would like to express our gratitude growing industry, with expansions from tech companies including to our board, sponsors, partners, and staff. Your support and HERE Technologies, Solstice, Yello, and Capgemini. In November, engagement makes it possible for WBC to achieve its mission, we celebrated this thriving ecosystem with 16 local tech companies and we look forward to working with you in the years ahead. pledging to add 2,000 jobs to our economy by the end of 2019. Sincerely, Through our ChicagoNEXT initiative, we have continued to push inclusive access to our tech economy through programs such as the Blackstone Inclusive Entrepreneurship Challenge and ThinkChicago, which last year welcomed its most diverse class Michael J. Sacks Andrea L. Zopp of participants yet. Vice Chairman President and CEO In 2018, we built out WBC’s Neighborhood and Strategic Initiatives to advance inclusive growth in Chicago’s neighborhoods through programs focused on neighborhood business development, workforce development, and advancing procurement

WORLD BUSINESS CHICAGO 5 A QUICK LOOK BACK A SNAPSHOT OF WBC MILESTONES

IBM releases report naming Chicago one of the world’s most competitive cities.

Chicago Sister Cities International (CSCI) merged with WBC

Organized by WBC, a first-of-its-kind MOU was signed between the City of Chicago and ProMexico, the Mexican government economic development arm

Organized by WBC, Mayor Emanuel joined China’s Minister of Commerce and leadership from eight major Chinese cities to sign the Program launched Program launched Gateway Cities Agreement

Chicago receives “Top Metro” Award for Corporate Relocations and Expansions from Site Selection magazine

2011 2012 2013 2014

Launched programs WBC helped coordinate the winning bid & initiatives: to launch the Digital Manufacturing and Launched programs For the first time, Chicago earned top city Design Innovation Institute (DMDII) & initiatives: in U.S. for foreign direct investment WBC created its Legal Advisory Board with Plan for Economic Growth and Jobs representatives from prominent law firms and general (Plan) officially launched counsel representation of Board Member companies

WBC Fellowship Program launched WBC helped organize the 25th U.S.-China Joint Commission on Commerce and Trade (JCCT), the WBC led efforts to host NATO Summit, forum for addressing trade issues and promoting the world platform for leaders to business opportunities between the U.S. and China collaborate and address global challenges in Chicago

6 2018 ANNUAL REPORT Launched Neighborhood and Strategic Chicago awarded the No. 1 ranking in FDI strategy in North America Initiatives (NSI) and No. 3 in the world by FDI Magazine Launched the CASE business Chicago received “Top Metro” Award for Corporate Relocations and assessment tool, SCALE Expansions – fifth year in a row ThinkChicago helps launch City Seven collaborative agreements signed between partners in Scholars with the University of Illinois Chicago and Israel Launched programs & initiatives: Traveled to China to renew Gateway WBC helped host the C40 Mayors Summit: 40+ global mayors, Cities Agreement where Chicago & Paris announced they would host a global mayors

forum on urban waterfront redevelopment Participated in a Memorandum of Understanding between Chicago’s Chicago receives “Top Metro” WBC helped host the North American Climate Summit: 60+ mayors 1871 and the Osaka Innovation Hub award for Corporate Relocations and senior municipal government officials from across the world

and Expansions – third year in met to discuss how cities can implement the Paris Agreement, Signed first-ever economic partnership a row culminating in the signing of the Chicago Climate Charter agreement between the Japanese government and Chicago

2015 2016 2017 2018

2018 Awards

Launched programs & Chicago receives WBC helped WBC helped Chicago – London • No. 1 in FDI for sixth year in a row initiatives: “Top Metro” Award coordinate former coordinate London City Data Alliance • Top Metro for Corporate Relocations for Corporate Italian PM, Matteo Mayor, Sadiq Khan MOU signed for sixth year in a row by Site Selection Relocations and Renzi visit to visit to Chicago on a magazine Expansions – fourth Chicago, included tech trade mission year in a row ribbon cutting at • Mac Conway Award winner for top 10 new bilingual Italian economic development organizations school in Wicker Park, in U.S. Fermilab visit, and panel discussion at University of Chicago

WORLD BUSINESS CHICAGO 7 ACTIVATING LOCAL IMPACT

8 2018 ANNUAL REPORT CHICAGO’S ECONOMY BUSINESS DEVELOPMENT OVERVIEW IN 2018, CHICAGO BUSINESSES AND PEOPLE THRIVED #1 U.S. Metro for Corporate Relocations & Expansions Six Consecutive Years In 2018, World Business Chicago once again demonstrated why Chicago is a global $671B economic powerhouse and the premier U.S. destination for business. Through WBC’s Chicago Reached Peak Employment since 1990s Economy business development efforts, 68 businesses relocated and/or expanded in Chicago, creating 15,316 new jobs that earned the city the ranking of the No. 1 U.S. Metro for Corporate Relocations and Expansions from Site Selection magazine for the sixth WBC IMPACT year in a row.

In addition to having the most diversified economy in the country, Chicago has multiple factors that allow businesses to recruit the best talent in any industry. From a competitive business climate, an exceptional and diverse workforce, high quality of life and affordable housing, Chicagoans enjoy a global lifestyle unparalleled to 68 15,316 45% other cities in the U.S. Project Wins Jobs Created Increase in Jobs & Retained Created & Retained Major project wins in 2018 represented a cross section of the city’s top high-growth in 2018 employment sectors, including companies such as Google, C.H. Robinson, Walgreens, McDonald’s and Salesforce. Chicago also saw an increase in tech-sector HQ relocations, expansions, and jobs, specifically from companies that left the West Coast to make Chicago their home. This reflects a broader economic growth trend in the tech and innovation sector that made the city a leading tech innovation hub according to a KPMG study released in March 2018. Beyond transplants, the city’s homegrown startups drove employment growth. ActiveCampaign, G2 Crowd, and ShipBob alone created 670 jobs in 2018.

Chicago is not just a place for multinational companies to locate and expand, but a thriving environment for entrepreneurs and small business owners to participate in the city’s vibrant economy.

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 9 NEW & EXPANDING COMPANIES IN 2018 IN CHICAGOLAND

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 11 WHY COMPANIES CHOOSE CHICAGO

TALENT & Chicago is a global hub for top talent and world-changing ideas INNOVATION 38.5% 1.1 Million Of residents hold a Graduates in the metro area and the top bachelor’s degree destination for Midwest and Big Ten talent

ECONOMIC Chicago has the most diversified economy of any U.S. city and a GRP that rivals nations STRENGTH No industry accounts for more than 162K+ JOBS Added since 2011 as a result 14% GDP of our diversified economy

Chicago connects you to the world GLOBAL CONNECTIVITY #1 in North America for 1,800 foreign direct investment for $140B In foreign direct Foreign-based SIX CONSECUTIVE YEARS companies investment

NEIGHBORHOODS & Chicago’s diversity, affordability and resilience make us strong COMMUNITIES 77 $1,672 13 Neighborhoods Median Rent in Metro Area Chicago-area neighborhoods that “have it all” QUALITY Chicago isn’t just a great city for business; it’s a place where you can build a life OF LIFE 18.5 290 400+ Miles of lakefront Miles of bike lanes Neighborhood festivals

12 ACTIVATING LOCAL IMPACT 2018 ANNUAL REPORT CASE STUDY In 2018, Capgemini, a Paris-based, 50-year-old global leader in consulting, SECURING A GROWING COMPANY technology services, and digital transformation, joined the ranks of other large tech expansions in Chicago by establishing a brand new technology and development center that brought more than 500 jobs to the city. This year, the multicultural company of 200,000 team members in over 40 countries has grown its Chicago location to include more than 43,000 square feet over two floors, housing the company’s 1,200 employees. Capgemini is poised and ready for additional employee growth in the future.

The office space located at 333 W. Wacker Drive is the company’s first in the Midwest and represents part of Capgemini’s worldwide, connected network of innovation centers designed to serve clients across all major industries, including world renowned brands such as McDonald’s and Michelin. Employees and clients are encouraged to push the limits on how technology can help businesses grow. This involves leveraging industry-leading partnerships and end-to-end capabilities in digital, cloud, innovation, AI, and machine learning, along with business and IT transformation services. “Chicago is home to great tech talent and it’s critical Capgemini is driven by the conviction that the business value of technology that we continue to attract skilled employees who comes from and through people. So when asked about what made them are essential in helping our clients transform their choose Chicago, it was all about the talent. In talks with their Head of North American Markets, John Mullen, Chicago’s deep talent pool was one of the businesses in an increasingly fast-paced, digitally main reasons why they specifically chose this city to locate and expand. driven market.”

John Mullen Head of North American Markets Capgemini

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 13 NEIGHBORHOOD AND STRATEGIC INITIATIVES OVERVIEW ADVANCING INCLUSIVE GROWTH FOR ALL OF CHICAGO

Advancing inclusive economic growth for all of Chicago is at the core of World Business Chicago’s mission. Neighborhood and Strategic Initiatives (NSI) supports revitalization in Chicago’s underserved neighborhoods through the following ways:

TARGETED NEIGHBORHOOD BUSINESS DEVELOPMENT Driving growth and investment in underserved neighborhoods and connecting businesses with resources to build more vibrant corridors and communities.

WORKFORCE AND TALENT DEVELOPMENT Improving employment opportunities for residents of underserved neighborhoods and supporting community investment for neighborhood-based employers.

SMALL-AND MEDIUM-SIZED BUSINESS SUPPORT Creating pathways for local small-and medium-sized enterprises to open new locations in and around Chicago.

CHICAGO ANCHORS FOR A STRONG ECONOMY Leveraging purchasing practices from the city’s anchor institutions to support local procurement and collectively impact Chicago’s neighborhoods.

14 ACTIVATING LOCAL IMPACT 2018 ANNUAL REPORT NSI PROGRAM HIGHLIGHTS

CHIBIZHUB MEDICAL ASSISTANT PATHWAY PILOT (MAPP) SCALE

ChiBizHub is an innovative new website that links expert MAPP is an 18-month program that offers current hourly and In 2018, with support from JPMorgan Chase and the Surdna service providers to Chicago’s fast-growing small business lower-skilled, full-time healthcare employees an opportunity to Foundation, the Chicago Anchors for a Strong Economy (CASE) community. It is a one-stop, collaborative platform that serves complete a Medical Assistant Certification Program through program launched a proprietary business assessment software as the city’s primary online business resource for small Malcolm X College. A program developed by WBC and the called SCALE that connects small to-mid-size businesses with businesses and entrepreneurs. For business owners and Chicagoland Healthcare Workforce Collaborative, the MAPP large procurement opportunities. The digital portal allows startups, ChiBizHub has the resources to start, scale, and certificate provides individuals enrolled in the program valuable businesses to complete a readiness assessment, thereby accelerate local small businesses. clinical skills that are essential to patient care and a career identifying strengths, areas of opportunity, and ultimately pathway in the medical field. gauging if the business is ready to contract with large, complex To date, over 100+ Chicago-area business resource providers anchor organizations that include banks, healthcare, and have joined the site. The first class of 24 students are expected to graduate in 2019 education institutions. and hail from major Chicago hospitals including Rush University Medical Center, The University of Chicago Medical Center, To date, 131 businesses have been vetted as CASE-ready Anne & Robert H. Lurie Children’s Hospital and Northwestern and eligible to work with the anchor institutions. Of that Memorial Hospital. This group is expected to be promoted and group, 71% of those businesses are minority or women receive an increase in salary due to their training. owned business enterprises.

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 15 CASE STUDY In September of 2018, Audrey Tankson embarked on the 18-month Medical Assistant Pathway Program (MAPP). A guest relations manager at Rush A MAPP STUDENT’S PERSPECTIVE University Medical Center, Audrey was the front-line of patient care as the first point of contact welcoming families and patients entering the hospital with a warm smile and compassion. She loved interacting with the hospital staff and the patients, so when she heard about the MAPP program, Audrey quickly realized that there was a career path beyond her current role.

Becoming a medical assistant would let Audrey serve the patients of Rush and place her on a pathway that today makes her an even more integral part of the hospital system and patient experience. The Chicago MAPP program is currently training its first class of 24 existing hospital employees with clinical skills that include taking vitals, bloodwork, assisting doctors and nurses in minor procedures etc. “We have received so much support from the nurses and doctors. They encourage us and give us extra push to get us through program. The doctors and nurses see this as an important stepping stone and are willing to offer us help.” One doctor even commented to Audrey that his medical assistant is his ‘right-hand’ and an essential part of the medical team.

The MAPP program is also providing Audrey and her classmates with not just the opportunity to advance in their careers but an encouraging network of peers and “The program gave me hope to reach for more. It has the chance to make a greater impact on people. “Patients have come up to me and thanked me for their care, and it means the world to me. That’s why I do what I do.” given me the leadership skills, clinical skills and most importantly the self-confidence to move my career ahead.” The increase in income and a career pathway is the main outcome of the training but according to Audrey this is part of a greater calling. “There will be an Audrey Tankson Medical Assistant Pathway Program Student increase in my pay but it has also increased my passion to work with patients,” she explained. “The program gave me hope to reach for more. It has given me the leadership skills, clinical skills and most importantly the self-confidence to move my career ahead.”

“It doesn’t matter how old you are, you can have anything your heart and mind desire,” she said.

16 ACTIVATING LOCAL IMPACT 2018 ANNUAL REPORT CHICAGONEXT OVERVIEW CHICAGO IS A NEXUS OF REINVENTION AND INNOVATION

Chicago has seen an exponential wave of 38.7% growth in tech jobs in the last eight years and ranked as a Top Ten Global Innovation and Tech Hub CHICAGO IS A in 2018. Much of that is due to direct investment in Chicago’s tech and TECH & INNOVATION innovation sector. LEADER ChicagoNEXT is World Business Chicago’s committed effort to add to that investment while ensuring the advancement of inclusive entrepreneurship. Guided by a council of Chicago’s dedicated technology leaders, ChicagoNEXT builds programs which promote Chicago as a global technology hub through its core focus on increasing access to capital, Chicago ranked No. 3 attracting and retaining local talent, fostering innovation with industry Innovation Hub in the US, partners, and strengthening communities. No. 12 globally in 2018

In 2018, Chicago’s tech sector collaborated on ChicagoNEXT’s core programs: the Chicago Venture Summit, ThinkChicago, and the Blackstone Inclusive Entrepreneurship Challenge. Participants include key foundations, 45% of Chicago top universities, investors, entrepreneurs, and civic leaders whose belief that investments have provided nurturing diverse talent across the city enhances Chicago’s status as a global a 10x ROI, compared to tech and innovation center. 25% of investments in the Bay Area

33% of Chicago’s startup founders are women, the highest concentration in the U.S.

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 17 CHICAGO VENTURE SUMMIT THINKCHICAGO

The Chicago Venture Summit is the city’s flagship venture capital conference ThinkChicago attracts and recruits diverse top collegiate tech talent from that brings together local, regional, national, and international investors universities across the country to work and live in Chicago after graduating. with Chicago’s leading entrepreneurs and high-potential startup companies The bi-annual program occurs every spring and fall in conjunction with from around the Midwest. Lollapalooza and Chicago Ideas Week. The selected students are given behind-the-scenes access, opportunities to meet civic and business leaders, Now in its fourth year, the sold-out event of over 400 attendees attracts and network with Chicago-based startups and corporations. The 2018 class investors from both coasts with events held at Google’s Chicago was the most diverse to date, with students from 27 states and 79 schools. headquarters and innovation hubs throughout the city. In 2018, WBC also helped to launch City Scholars, a semester-long work-study The invitation-only event provides two full days of industry-specific networking program with the University of Illinois that supports and leverages the talent and programming featuring Chicago’s leading innovation hubs; pitch sessions and of engineering students to help build Chicago’s tech pipeline. The program panels from Chicago-based entrepreneurs and startups; insights from local and has enrolled 75 students so far and will continue to introduce a new crop of national venture investors; and forums highlighting Chicago’s global leadership students to the city’s thriving tech ecosystem each year. in talent development, its leading industries, and its focus on innovation.

2018 IMPACT 2018 IMPACT THINKCHICAGO 2018 ROADSHOW SCHOOLS:

450 150+ 108 Guests Investment Firms Startups Attended Represented Featured

75 2,940 350 7 $125M+ Students Enrolled in Students Engaged Students Hosted at Chicago-based Innovation Capital Raised from City Scholars Lollapalooza & Ideas Week Hubs Showcased the 2017 Summit

18 ACTIVATING LOCAL IMPACT 2018 ANNUAL REPORT 2018 FUNDED ORGANIZATIONS

2018 IMPACT

285 41,168 BLACKSTONE INCLUSIVE Coaching Sessions People Reached Through ENTREPRENEURSHIP CHALLENGE Events and Programs

The Blackstone Inclusive Entrepreneurship Challenge advances inclusive growth by continuing its mission of investing in entrepreneurship to support new ventures and job creation.

In its second year, the program focused on three select organizations— 293 48 Entrepreneurs Engaged in the New Companies Formed West Side Forward, Bunker Labs, and Future Founders—who were awarded Funded Organizations additional grants totaling $1.7M to refine and expand their programs that support traditionally underserved entrepreneurs.

Additionally, the Blackstone Challenge hosted its first-ever Blackstone Inclusive Entrepreneurship Summit, bringing 100 attendees from the nonprofit, foundation, tech and civic leadership community for a one-day thought leadership forum. It also secured an additional $100K grant from the JPMorgan Chase Foundation for outside program evaluation work to develop a report of findings and best practices.

WORLD BUSINESS CHICAGO ACTIVATING LOCAL IMPACT 19 CASE STUDY According to the Future Founders mission, every youth can become an FUTURE FOUNDERS entrepreneur. They were created in 2011 with the intent to immerse youth in experiences that inspire and empower them to create their own opportunities and build their ideas. Led by an all-star team who has launched everything from international companies to local nonprofits, Future Founders operates like a startup, working out of tech incubator 1871.

Through mentorships and a multitude of programming serving ages 13 and beyond, Future Founders is building the next generation of entrepreneurs. To date, they have served over 34,000 youth and launched a number of programs, including The Future Founders Residency, an innovative six-month program designed to empower 18-to-30-year olds to launch and grow businesses in Chicago.

In 2018, the Blackstone Inclusive Entrepreneurship Challenge awarded $400,000 to the Residency to grow the program and help it continue to foster the “The Blackstone Inclusive Entrepreneurship Challenge development of diverse millennial entrepreneurs with one-on-one mentoring, has allowed Future Founders to transform our work growth coaches, skills-training workshops, and venture pitching. Today, 27 Residents have been active participants in the program and have completed and scale our Residency program, an early-stage skill workshops on the topics of customer discovery, validation, financials, key accelerator for diverse 18 to 30-year-olds who want to performance indicators, and pitching/selling. start businesses.”

Scott Issen President & CEO Future Founders

Grant Reach

34,000+ 2,400 59 Aspiring Founders People Trained Businesses Launched

20 ACTIVATING LOCAL IMPACT 2018 ANNUAL REPORT AMPLIFYING GLOBAL REACH

WORLD BUSINESS CHICAGO 21 GLOBAL STRATEGIC INITIATIVES OVERVIEW CHICAGO IS A GLOBAL POWERHOUSE AND LEADING DESTINATION FOR INVESTMENT

Chicago remains competitive in a global economy, because of our commitment to a global strategy that forges new bonds with foreign partners and strengthens long-standing relationships. As a leading global city with a welcoming international community, our efforts to build bridges abroad are paying off.

In 2018, for the sixth year in a row, Chicago was ranked No. 1 in North America for foreign direct investment and for the first time, entered the top five in the world in 2018, according to the IBM Global Trends Report. Today, the city is home to over 1,800 foreign-based companies representing over $140B in foreign direct investment.

In the last year, World Business Chicago, along with Mayor Rahm Emanuel and other business leaders, have made several trips abroad to both Europe and Asia to form new partnerships and economic agreements that have brought both talent and jobs back to Chicago.

230 80+ 28 FDI Projects Consulates Sister Cities

1,800 100 Foreign Based International Chambers Companies of Commerce

22 AMPLIFYING GLOBAL REACH 2018 ANNUAL REPORT INTERNATIONAL TRAVEL AND PARTNERSHIPS NEW INTERNATIONAL PARTNERSHIPS AND FOREIGN DIRECT INVESTMENT INTO CHICAGO

JAPAN

The delegation met with over 40 corporate and government leaders including Prime Minister Abe’s Deputy Chief Cabinet Secretary, the Special Advisor to the Prime Minister, the Governor of Tokyo, the Japanese State Minister of Foreign Affairs, the U.S. CEO of DMG Mori, and the President and CEO of Suntory. IRELAND OUTCOMES Strengthened the 21-year-old sister city relationship with • Mayor Emanuel signed a first-of-its-kind economic Galway and met with Taoiseach Leo Varadkar, Lord Mayor of partnership agreement with the Japanese government. Galway Pearce Flannery, and University of Galway President Ciarán Ó hÓgartaigh. • Japan-based DMG Mori committed to move to Chicago.

• Expanded the Japan-Chicago Partnership Agreement with a memorandum of understanding between Chicago’s 1871 and the Osaka Innovation Hub to collaborate on innovation initiatives and programs to promote both cities’ burgeoning tech and innovation scenes.

CHINA • Beam Suntory announced an expansion in Chicago with the addition of 40 jobs, along with supporting City Colleges The delegation interacted with 400 companies and met with government and of Chicago’s Beverage Management Pathways Program. corporate leaders including the Vice President of China, the Chinese Minister of Commerce, the Mayor of Beijing, and the Chairman of the Bank of China.

OUTCOMES • WBC signed a five-year working plan for the Gateway Cities Agreement with the Chinese Ministry of Commerce intended to continue economic collaborations with China.

• Chicago’s relationship with China over the last six years has led to record-breaking Chinese investment in the Chicago region and access to corporate and government officials in China.

WORLD BUSINESS CHICAGO AMPLIFYING GLOBAL REACH 23 GLOBAL REACH

24 AMPLIFYING GLOBAL REACH 2018 ANNUAL REPORT 2018 FOREIGN DIRECT INVESTORS Canada France Italy Switzerland China Germany Japan United Kingdom

2018 VISITS, MISSIONS, AND DELEGATIONS Canada Ireland Lithuania Switzerland China Italy Morocco Ukraine Czech Republic Japan Poland United Kingdom Germany Jordan Sweden

CHICAGO’S SISTER CITIES Accra, Ghana Bogota, Colombia Galway, Ireland Lucerne, Switzerland Paris, France Toronto, Canada Amman, Jordan Busan, South Korea Gothenburg, Sweden Mexico City, Mexico Petach Tikva, Israel Vilnius, Luthuania Athens, Greece Casablanca, Morocco Hamburg, Germany Milan, Italy Prague, Czech Rep. Warsaw, Poland Belgrade, Serbia Delhi, India Kyiv, Ukraine Moscow, Russia Shanghai, China Birmingham, U.K. Durban, South Africa Lahore, Pakistan Osaka, Japan Shenyang, China

WORLD BUSINESS CHICAGO AMPLIFYING GLOBAL REACH 25 CHICAGO SISTER CITIES INTERNATIONAL (CSCI) BUILDING BRIDGES FOR A GLOBAL CITY

Chicago’s global reach continued to be enhanced by the strong network of 28 international sister city relationships the city has forged around the world. Through Chicago Sister Cities International (CSCI), Chicago has the largest and most active sister city program in the U.S.

CSCI has more than 600 committed volunteers building partnerships with Chicago’s sister cities through cultural arts and tourism, global education, government relations, and international business. CSCI HIGHLIGHTS In 2018, CSCI hosted 37 events and programs that reached across borders Chicago-Osaka 45th Second City Workshops in Chicago Sister Cities to make a global impact. CSCI also welcomed 23 international delegations Anniversary Amman, Jordan International Medical Initiative to Chicago—including mayors from Chicago’s sister cities of Birmingham, In honor of the 45th From October 12–16, the anniversary of the Amman Committee of Through a generous grant United Kingdom; Galway, Ireland; Osaka, Japan; Hamburg, Germany; and sister city partnership, CSCI collaborated with from the Lynn Sage Cancer Warsaw, Poland—creating platforms for government officials, civic leaders, governmental delegations The Second City, the U.S. Research Foundation, 23 and diplomats to network and share ideas and best practices. from both Chicago and Embassy in Amman, and the doctors from Chicago’s Osaka visited each other’s U.S. Department of State to sister cities attended the city led by Osaka Mayor facilitate a five-day improv- 20th Annual Lynn Sage Hiorfumi Yoshimura and to-sketch program for a Breast Cancer Symposium. WBC President and CEO group of budding Jordanian Andrea Zopp. comedians.

Noggeler Guuggenmusig Chicago Mural in Luzern Performs in Chicago Casablanca, Morocco To celebrate the 35th The 55-person Noggeler anniversary of the city’s Carnival Band from Lucerne, partnership with Casablanca, Switzerland, visited Chicago Chicago muralist Sam Kirk from March 14–19 to visited Casablanca in the CHICAGO LUCERNE CHICAGO MILAN celebrate the 20-year spring to participate in the 20 YEAR 25 YEAR 25 YEAR 45 YEAR 45 YEAR sister city relationship and SISTER CITY ANNIVERSARY SISTER CITY ANNIVERSARY SISTER CITY ANNIVERSARY SISTER CITY ANNIVERSARY SISTER CITY ANNIVERSARY city’s annual CasaMouja performed at several venues. Festival.

26 AMPLIFYING GLOBAL REACH 2018 ANNUAL REPORT THESE GIRLS REPRESENT

GLOBAL YOUTH AMBASSADORS LEADERSHIP PROGRAM 20 Countries

The Global Youth Ambassadors Leadership Program inspires globally-minded teenage girls from around the world to be the international changemakers of the next generation. A joint program of Chicago Sister Cities International (CSCI) and 19 Chicago Schools the University of Illinois at Chicago (UIC), the program is aimed at teenage girls (14– 16) from Chicago and its 28 international sister cities.

As part of the program, CSCI presented the third annual Global Youth Ambassadors Leadership Summit from July 21–28, 2018. Ten girls from Chicago and 15 from around the world participated. They worked hand-in-hand, experiencing workshops, discussions, and presentations on advocacy, activism, and leadership, giving them 70 GIRLS have attended the Summit since its the tools to be leaders who make a positive impact in the world. inception in 2016 Satellite Events

3 INTERNATIONAL LOCATIONS global satellite events launched in 2018 Birmingham, UK Kyiv, Ukraine Osaka, Japan U.S. Ambassador to the UK Presented an interactive Esteemed Academic, Robert Wood Johnson hosted workshop with Fulbright for Professor Yayoi Hisasue, a leadership event for local 25 previous applicants to the organized a symposium on Global Youth Ambassadors. Chicago Summit. Speakers “Women’s Leadership and 215 ALUMNAE included: Entrepreneurship” at Osaka in total have attended the Summit and global City University, inspired by her U.S. Ambassador satellite events Marie Yovanovitch participation in the Chicago Summit earlier that year. Former First Lady Kateryna Yushchenko

WORLD BUSINESS CHICAGO AMPLIFYING GLOBAL REACH 27 CASE STUDY FEMALE EMPOWERMENT AROUND THE GLOBE

Participants in the Global Youth Ambassadors Leadership Summit are able to attend free of charge, ensuring an inclusive program. During the immersive week of programming, the young women meet and are mentored by high-profile inspirational female leaders and role models, helping them envision their own transformation to leadership.

“[I have learned] to never doubt my “I am now the VP of the Get Coding! club abilities. If I want something, I should and my friend and I are in the process work as hard as I can. And if people of starting a Girl Up chapter, which doubt my abilities, I should work hard advocates and fundraises for girls to prove them wrong.” education in underdeveloped areas.”

Taya, Birmingham Lucy, Chicago 2018 Chicago Summit Alumna 2018 Chicago Summit Alumna

“I have successfully opened a free “One of my biggest takeaways of the school in my city which is providing week was that there are people who free and quality education to over 50 believe in us and that we are capable of adult women and young girls. I always creating change.”

dreamt of empowering women via Dennise, Mexico City education, the Summit made it happen!” 2018 Chicago Summit Alumna

Raina, Lahore 2018 Chicago Summit Alumna

28 AMPLIFYING GLOBAL REACH 2018 ANNUAL REPORT CHICAGO CONSULAR CORPS GALA

Each year Chicago’s international community and business and civic leaders join together for the annual Chicago Consular Corps Gala. Hosted by World Business Chicago and Chicago Sister Cities International, the Gala is Chicago’s premier international event honoring the Chicago Consular Corps (CCC)— an international group of Consulates, Consulates General, and Honorary Consulates representing 88 countries around the world. The event celebrates the longstanding relationship between the city and the Chicago Consular Corps.

More than 600 guests attended the black-tie event in 2018, held at the Hilton Chicago. Attendees raised nearly $1M to support the ongoing work of World Business Chicago, Chicago Sister Cities International, and CCC scholarships for students at the University of Illinois at Chicago.

Mayor Rahm Emanuel and Ms. Amy Rule, and the Dean of the CCC Consul General Patricia Maza-Pittsford and Mr. Philip Pittsford, served as Honorary Chairs along with John C. Robak, President of Greeley and Hansen as the Presenting Sponsor.

HONOREES

GLOBAL CITIZEN AWARD CHICAGONEXT AWARD OSCAR MUNOZ TASTYTRADE CEO, United Airlines Accepted by Kristi Ross, co-CEO and President, tastytrade CORPORATE AMBASSADOR AWARD MCDONALD’S CORPORATION SPECIAL RECOGNITION Accepted by Robert Gibbs, Chief MAYOR RAHM EMANUEL Communications Officer and Executive Vice President, Corporate Relations

CHICAGO SISTER CITIES INTERNATIONAL VOLUNTEER OF THE YEAR CAMILLE JULMY Co-Chair, Lucerne Committee

WORLD BUSINESS CHICAGO AMPLIFYING GLOBAL REACH 29 WBC FELLOWSHIP PROGRAM EXPANDING WBC’S CAPACITY AND KNOWLEDGE BASE

Founded in 2012, WBC’s Fellowship Program has provided mid-level executives with unique opportunities to lend their skills and expertise to the organization, while making a lasting impact on Chicago. WBC has hosted 82 different Fellows who have advanced more than 30 programs and initiatives since the program’s inception. Additionally, more than 40 companies have sponsored Fellows to engage in four-to-six-month terms to develop, implement and lead large-scale, highly visible WBC projects. By joining our team, Fellows expand WBC’s operational capacity while personally gaining leadership Participating Firms skills and building relationships within the public and private sectors.

In 2018, WBC welcomed seven individuals during cohorts 16 and 17:

LAUREN DENSHAM Associate Director, Global Strategy, KPMG

ALEX DEBBINK Manager - Financial Accounting Advisory Services, EY “My time as a WBC Fellow was some of the best SHANTEL HAMPTON Community Development Relationship Manager, CIBC in my professional career. I was able to meet

TOM KIRN influential leaders, attend diverse events and feel a Assurance Senior Manager, EY connection to Chicago that I have not experienced MAX LIECHTMAN Manager, Investment Strategy, ComEd having lived in the area my entire life.”

DENISE MAPLE Managing Director and Commercial Banking Training & Development Manager, CIBC Delmar Thornton 2018 WBC Fellow DELMAR THORNTON Manager, Cybersecurity Advisory, EY Manager, Cybersecurity Advisory, EY

30 2018 ANNUAL REPORT STRATEGIC PARTNERSHIPS

NON-PROFITS AND FOUNDATIONS WBC’S BOARD OF DIRECTORS

WBC has build a broad coalition across Chicago through partnerships with WBC’s Board of Directors is composed of prominent leaders who guide the the public, private and civic sectors to support its work to drive inclusive progression of Chicago’s business climate. growth across the region.

WORLD BUSINESS CHICAGO 31 FINANCIALS

REVENUE EXPENSES 2018: $12.8M 2018: $11.8M 2017: $15.9M 2017: $16.8M

Undaudited and Non-GAAP: Amounts are adjusted for GAAP impact in order to reflect operations.

2018 2018 2017 2017

Government Program CCC Gala Personnel Marketing Events Professional Travel Occupancy Private Grants/ Sponsorships CSCI Committee Licenses/Dues/ CSCI Committee Program Specific Grants Revenue Other Income Services Office Expenses and Capital Contributions & Events Income Subscriptions Expenses Expenses

CONTRIBUTED GOODS & SERVICES PROVIDERS 2018 Total: $2,610,370 1871, 360 Chicago, Accenture, Advocate Lutheran General Hospital, American Blues Theater, The Annoyance Theatre & Bar, Art Institute of Chicago, Avant, Baker McKenzie, Baltic Foods Inc, Bel Brands, Big Bus , Blue 1647, Blue Man Group, Brookfield Zoo, C3 Presents, Café Bionda, CCC Information Services Inc., Chapman and Cutler LLP, Chicago Botanic Garden, Chicago Cubs, Chicago Detours, Chicago Ideas, Chicago Opera Theater, Chicago Park District, Chicago Pizza Tours, Chicago Shakespeare Theater, Chicago Symphony Orchestra, Chinese American Service League , CIBC, The Clare CCRC, Cleveland Avenue, LLC, Clique Studios, Court Theatre, The Dearborn, The Drake, A Hilton Hotel, Dylan’s Tavern, Echo Global Logistics, Inc., Energy Foundry, Entertainment Cruises, EQ Office, Erie Café, Ernst & Young LLP, Exelon, Farmhouse Restaurant, FCB Chicago, FinTank, Gene Siskel Film Center, Gensler, Glessner House Museum, Goldberg Kohn Ltd. , Goodman Theatre, Google, Hawthorne Race Course, Colleen Grace Herlihy, Hing Kee Restaurant, Hinshaw & Culbertson, Illinois Technology Association, Irish Times Pub, JPMorgan Chase & Co., John B. Sanfilippo & Son, Inc., Kasia’s Deli, Katten Muchin Rosenman LLP, KOVAL Distillery, KPMG, Lakefront Restaurant, Lav Imports, Lifeline Theatre, Little Brothers and Friends of the Elderly - Chicago Chapter, Locke Lord, Lookingglass Theatre Company, Lou Malnati’s, Lynfred Winery, MATTER, Mayer Brown, McCormick Bridgehouse and Chicago River Museum, McDermott Will & Emery, Fran McMahon, Medieval Times, Mesirow Financial , mHUB, Jenner & Block, Joe Monahan, Northwestern Memorial Healthcare, Nuns 4 Fun, Office of the Public Guardian, Oyster Bah, Carol Parden, Judy Pomeranz, PwC, Raise, Relativity, Revolution Brewing, Rush University Medical Center, Second City, Shoreline Sighseeing, Sidley Austin LLP, Signature Room at the 95th, Silk Road Rising, Skydeck Chicago, Slurping Turtle, tastytrade, TechNexus, The Gage, The Tea House, Three Crowns Park CCRC, TimeLine Theatre Company, Trustwave, Twitter, Under the Gun Theater, United, Uptake, Victory Gardens Theater, Windy City Playhouse, Winter’s Jazz Club, Zanie’s Comedy Club, Ziyad

AUDITED FINANCIAL STATEMENTS AVAILABLE AT WORLDBUSINESSCHICAGO.COM/ANNUAL-REPORT Revenue and expenses differ from WBC audited financial statements due to varying classifications. Numbers in the graphics exclude contributed goods and services, depreciation and amortization.

32 2018 ANNUAL REPORT SUPPORTERS THANK YOU FOR YOUR GENEROSITY

$500,000+ $100,000 - $499,999 $50,000 - $99,999 $5,000 - $49,999

Blackstone Charitable Foundation Aon plc Advocate Aurora Healthcare 360 Chicago Riley Safer Holmes & Cancila LLP City of Chicago Baker McKenzie The Aspen Institute Abbott Laboratories Riverside Investments & Developments Ernst & Young LLP Bank of America Inc. The Boeing Company Abbvie SafeSpeed, LLC FCB Chicago BMO Harris Bank N.A. BP America Inc. Accenture Michael & Diana Sands Chicago Community Trust The John Buck Company Allstate Insurance Co. Mr. & Mrs. Samuel Scott III CIBC Bank USA Chicago Transit Authority Ariel Investments Sue Ling Gin Foundation Trust City of Chicago, City Treasurer Clique Studios Cabrera Capital Markets, LLC Sumitomo Electric Cable CNA Financial Cushman & Wakefield Capgemini America, Inc. Sunstar Exelon Corporation C3 Presents CBOE tastytrade GCM Grosvenor DRW CBRE, Inc. Triad Consulting Group Grand Victoria Foundation Fifth Third Bank CCC Information Services United States Department of State Greeley and Hansen Flexpoint Ford Chapman and Cutler LLP VIPKIDS International, Inc. The John D. and Catherine T. MacArthur Foundation GE Healthcare Chicago Bulls Willis Towers Watson JPMorgan Chase & Co. Gensler Chicago Council on Global Affairs Winston & Strawn LLP The Kresge Foundation Goldberg Kohn Ltd. Chicago Free for All KPMG LLP Goldman Sachs Chicago Ideas Mayer Brown Google, Inc. Chicago Park District McDonald's Corporation Grant Thornton LLP Chicago Ventures Motorola Solutions Health Care Service Corporation Choose Chicago Peoples Gas Henry Crown and Co. Citadel Polk Bros. Foundation Horizon Pharma Cleveland Avenue, LLC PwC Hyatt Corporation Comcast Satter Foundation IRI Conagra Brands United Airlines, Inc. Lefkofsky Family Foundation Consulate General of Japan in Chicago Wanxiang America Corporation Madison Dearborn Partners Deloitte Services LP Magellan Development Group, LLC Dentons Marathon Pharmaceuticals EQ Office Morgan Stanley ESD Global Jones Lang LaSalle, Incorporated Foley & Lardner, LLP Lazard Freres & Co. Fox, Swibel, Levin & Carroll, LLP Loop Capital Markets LLC Globetrotters Engineering Corp. Ann & Robert H. Lurie Children's Hospital Greenberg Traurig, LLP The Marmon Group LLC Heritage Foundation of First Security Bank Mesirow Financial Holdings Mellody Hobson Microsoft Inc. Hyde Park Venture Partners Management LLC Northwestern Medicine Illinois Tool Works PNC Ingredion Incorporated Pritzker Group Venture Capital Japan Foundation Center for Global Partnership Relativity ODA LLC Jenner & Block LLP Rush University Medical Center Jump Capital SC Johnson Katten Muchin Rosenman LLP Sidley Austin LLP Kirkland & Ellis LLP SP+Corporation The Lamar Johnson Collaborative, LLC Turner Construction Company Lavin Family Foundation UL LLC Lightbank Ulta Inc. Littler Mendelson Valor Management Corp. Locke Lord LLP Ventas Inc. McKinsey & Company Walgreens Boots Alliance Metropolitan Pier & Exposition Authority William Blair & Company MUFG Union Bank, N.A. WaterSaver Faucet Company Northwestern Memorial Healthcare NTN USA Ocient Outlier Ventures Panasonic PMP Fermentation Polsky Center for Entrepreneurship and Innovation *Includes both monetary and in-kind support Pritzker Traubert Foundation

WORLD BUSINESS CHICAGO 33 ACKNOWLEDGEMENTS THANK YOU FOR YOUR GUIDANCE AND VOLUNTEER EFFORTS

CHAIRMAN Gregory C. Case Mellody Hobson Aon plc Ariel Investments Rahm Emanuel Mayor David R. Casper John M. Holmes City of Chicago BMO Harris Bank AAR Corp. James B. Coleman Mark S. Hoplamazian VICE CHAIRMAN Accenture Hyatt Hotels Corporation Michael J. Sacks Sean Connolly H. Fisk Johnson Chief Executive Officer Conagra Brands SC Johnson GCM Grosvenor Christopher Crane Lamar A. Johnson WORLD BUSINESS CHICAGO Exelon Corporation The Lamar Johnson Collaborative, LLC James S. Crown Christie Kelly 2018 BOARD OF DIRECTORS Henry Crown and Company JLL Carl A. Allegretti Wendy Davidson Steve Kersten Deloitte Kellogg Company WaterSaver Faucet Company Anthony K. Anderson Deborah DeHaas James P. Kolar Ernst and Young LLP Deloitte PricewaterhouseCoopers LLP Andrew Appel Mary Dillon Eric Lefkofsky IRI Ulta Beauty Tempus Labs, Inc. Jeffrey S. Aronin Steve Easterbrook Jim Lecinski Paragon Biosciences McDonald’s Corporation Google, Inc. Rita Athas Donald Edwards Nila R. Leiserowitz, FASID, FIIDA former President & CEO, World Business Chicago Flexpoint Ford, LLC Gensler John Atkinson John Ettelson Jeff Malehorn Willis Towers Watson William Blair & Company former President & CEO, World Business Chicago Marc Baumann Michael Englehart Charles Matthews SP+ Corporation Presence Health Peoples Gas/North Shore Gas Melissa L. Bean Michael Fassnacht Tom McGuinness JPMorgan Chase FCB Chicago GE Healthcare Dave Biegger Steve Fort Samuel M. Mencoff Conagra Brands Turner Construction Company Madison Dearborn Partners Jim Brady Matt Gibson Shawn Mobley Grant Thornton LLP Goldman Sachs Cushman and Wakefield Greg Brown Ilene Gordon David E. Moore Motorola Solutions Ingredion Incorporated Equity Office John Buck Alex Gourlay Michael H. Moskow The John Buck Company Walgreens Boots Alliance and Walgreens The Chicago Council on Global Affairs Martin Cabrera Antonio Gracias Oscar Munoz Cabrera Capital Markets, LLC Valor Equity Partners United Airlines, Inc. Debra A. Cafaro Raj Gupta Pin Ni Ventas, Inc. ESD Wanxiang America Corporation Patrick Canning Dean M. Harrison Michael O’Brien KPMG LLP Northwestern Memorial HealthCare JLT Specialty USA David J. Carlins Lori Healey Henry M. Paulson, Jr. Magellan Development Group, LLC Metropolitan Pier and Exposition Authority (MPEA) The Paulson Institute

34 2018 ANNUAL REPORT Jose Luis Prado Robert Sullivan N. Neville Reid Evans Food Group, LTD Fifth Third Bank Fox Swibel Levin & Carroll LLP Richard S. Price Scott C. Swanson Micheal Renetzky Mesirow Financial PNC Bank Locke Lord LLP Frank Ptak Donald Thompson Brian M. Schafer Marmon Holdings, Inc. Cleveland Avenue, LLC Winston & Strawn Paul C. Reilly Peter Thompson Gil M. Soffer Bank of America N.A./U.S. Trust Lazard Freres & Co. Katten Muchin Rosenman LLP Michael Reinsdorf Ed Tilly Marc F. Sperber Chicago Bulls, United Center Cboe Global Markets Mayer Brown Jim Reynolds Glenn F. Tilton James H.M. Sprayregen Loop Capital United Continental Holdings, Inc. (Retired) Kirkland & Ellis Larry Richman Stacy Trackey Meagher Tina Tabacchi CIBC Bank USA Microsoft Corporation Jones Day John C. Robak Glen Tullman Kenneth S. Ulrich Greeley and Hansen Livongo Health Goldberg Kohn Ltd.

Dino Robusto Timothy Walbert GENERAL COUNSEL MEMBERS CNA Financial Horizon Pharma Jodi J. Caro Desiree Rogers Keith E. Williams Ulta Beauty Choose Chicago UL LLC John F. Gibbons Kristen Rossi Don Wilson Greenberg Traurig Morgan Stanley DRW Jennifer Kraft Dan Ryan James P. Zallie United Airlines, Inc. JLL Ingredion Incorporated Elena Kraus Diana Sands Nikki M. Zollar Walgreens The Boeing Company SafeSpeed, LLC Stephen C. Lee Muneer A. Satter BP America Inc. Satter Investment Management, LLC LEGAL ADVISORY BOARD Jeffrey Levine Karen Sauder Mesirow Financial Google, Inc. LAW FIRM MEMBERS Peter Lieb Samuel C. Scott III Chris E. Abbinante Aon Corn Products International, Inc. (Ret.) Sidley Austin LLP Eric A. Reeves David Simas Leah R. Bruno Duchossois Capital Management Obama Foundation Dentons Matt Revord Kimberly Simios Kevin J. Burke Potbelly Sandwich Shop Ernst and Young LLP Hinshaw & Culbertson LLP Amy Skaggs James Skogsbergh Craig C. Martin Gensler Advocate Aurora Health Jenner & Block A. Josh Strickland Vik Sohoni Timothy P. Mohan Motorola Solutions McKinsey & Company Chapman and Cutler LLP J. Douglas Sparkman Michael L. Morkin BP Products North America, Inc. Baker McKenzie Paula Steiner Frank E. Pasquesi Health Care Service Corporation Foley & Lardner LLP

WORLD BUSINESS CHICAGO 35 ACKNOWLEDGEMENTS CONTINUED

CHICAGO SISTER CITIES INTERNATIONAL Durban, South Africa Social Services Steering Committee Committee Chair: Vacant Committee Chair: Kathleen Borland ADVISORY BOARD Galway, Ireland Humanitarian Committee Samuel C. Scott III Committee Co-Chair: Billy Lawlees Committee Chair: Susan Leonis Chairman, Chicago Sister Cities International Committee Co-Chair: John Wrenn Laura Ferris Anderson Gothenburg, Sweden CHICAGONEXT COUNCIL JPMorgan Chase Committee Co-Chair: Don Ahlm Mark Tebbe Committee Co-Chair: Annette Seaberg Rita Athas Chair, ChicagoNEXT former President and CEO, World Business Chicago Hamburg, Germany J.B. Pritzker Committee Co-Chair: Rolf Achilles Chair Emeritus, ChicagoNEXT Chris Clark Committee Co-Chair: Johann Christoph Lichtenfeld Motorola Solutions Shradha Agarwal Kyiv, Ukraine Jumpstart Ventures Marcelino Garcia Committee Co-Chair: Vera Eliashevsky Bogota Committee Co-Chair Committee Co-Chair: Yuriy Figel Haven Allen mHub Daniel J. Lynch Lahore, Pakistan United Airline, Inc. Committee Co-Chair: Tariq Butt Andrew Appel Desko Nikitovic Committee Co-Chair: Tariq Malhance IRI Belgrade Committee Co-Chair Lucerne, Switzerland Jeff Aronin Committee Co-Chair: Monique Austin Marathon Pharmaceuticals Committee Co-Chair: Marc Lacher TJ Augustine CHICAGO SISTER CITIES COUNCIL OF CHAIRS Mexico City, Mexico University of Illinois at Chicago Accra, Ghana Committee Co-Chair: Adriana Escarega David Baker Committee Chair: Vacant Committee Co-Chair: Alejandro Silva America’s Urban Campus Amman, Jordan Milan, Italy Ganesh Bell Committee Chair, Philip Palmer Committee Chair: Joe Monastero Uptake Athens, Greece Moscow, Russia Brenna Berman Committee Co-Chair: Demetrios Kozonis Committee Chair: Aleksandra Efimova City Tech Collaberative Committee Co-Chair: Nick Black Osaka, Japan Erik Birkerts Belgrade, Serbia Committee Chair: Kimiyo Naka Clean Energy Trust Committee Co-Chair: Desk Nikitovic Paris, France Committee Co-Chair: Louis Milicich Jason Blumberg Committee Co-Chair: Brett August Energy Foundry Birmingham, United Kingdom Committee Co-Chair: David Reithoffer George Bousis Committee Co-Chair: Angela Shepard Petach Tikva, Israel Committee Co-Chair: Rupert Ward Raise Committee Co-Chair: Michael Schmitt Bogota, Colombia Committee Co-Chair: Daniel Shure Sean Brown yCharts Committee Co-Chair: Marcelino Garcia Prague, Czech Republic Committee Co-Chair: Ruben Ocampo Committee Co-Chair: Edward Dellin Emile Cambry Jr Busan, Republic of Korea Committee Co-Chair: Joseph Vosicky, Jr. Blue 1647 Committee Chair: Susan Hollender Toronto, Canada Sean Chou Casablanca, Morocco, Committee Chair: Linda Loving Catalytic Committee Co-Chair: Lisa Roberts Vilnius, Lithuania Andrew Cittadine Committee Co-Chair: Julie Stagliano Committee Chair: Stanley Balzekas Diagnostic Photonics Shanghai & Shenyang, China Warsaw, Poland Catherine Clay Committee Chair: Vacant Committee Co-Chair: Iwona Bochenska CBOE Global Markets Delhi, India Committee Co-Chair: Conrad Nowak Ed Coleman Committee Chair: Smita Shah Bethel New Life

36 2018 ANNUAL REPORT Steven Collens Sonny Garg Maria Katris MATTER Uptake Built In Todd Connor Chris Gladwin Melissa Kaufman Bunker Labs Ocient Northwestern University John Conrad Al Goldstein Karen Kerr iBio Avant GE Ventures Brandon Cruz Steve Gould Brad Keywell GoHealth Abundant Venture Partners Uptake Linda Darragh Antonio Gracias Adam Koopersmith Northwestern University Valor Equity Partners Pritzker Group Venture Capital Steve DeBretto Jim Gray Robert Kress Industrial Council of Nearwest Chicago G-Bar Accenture Vahe Dombalagian Darren Guccione Amanda Lannert Madison Dearborn Partners Keeper Security Jellyvision Mathew Elenjickal Mark Harris Nathan Laurell FourKites Illinois Science and Technology Coalition New Frontier Holdings Fabian Elliott Adam Hecktman Mark Lawrence Black Tech Mecca Microsoft Corporation SpotHero Laura Ferris Anderson Jason Heltzer Bruce Leech JPMorgan Chase Origin Ventures DePaul University Scott Fetters Troy Henikoff Eric Lefkofsky 2112 MATH Venture Partners Tempus Labs, Inc. David Fisher Jason Henrichs Michael Liang Enova FinTEx Baird Venture Partners Brian Fitzpatrick Fred Hoch Phyllis Lockett Tock TechNexus Venture Collaborative LEAP Innovations Declan Flanagan Roger Hochschild Eric Lunt Lincoln Clean Energy Discover Financial Services Signal John Flavin John Hoesley Dan Lyne Endotronix, Inc CIBC CBRE Amy Francetic Justyn Howard Linwood Ma Energize Ventures Sprout Social tastytrade Stuart Frankel Terry Howerton Matt Maloney Narrative Science TechNexus Venture Collaborative GrubHub Mike Franklin Scott Issen Talia Mashiach University of Chicago Future Founders Eved Constance Freedman Amit Jhawar Galen Mason Moderne Ventures Venmo Catapult Chicago Steve Frenkel Julia Kanouse Caitlin McAllister Current Illinois Technology Association Catapult Chicago Laura Frerichs Mohit Kapoor Alex Meyer University of Illinois at Urbana-Champaign TransUnion Origin Ventures Mike Gamson Kunal Kapoor David Miller LinkedIn Morningstar DePaul University

WORLD BUSINESS CHICAGO 37 ACKNOWLEDGEMENTS CONTINUED

Ryan Miller Scott Rose Guy Turner Bank of America Kristi Ross Hyde Park Venture Partners Bruce Montgomery tastytrade Laura Van Peenan Matt Moog Pat Ryan Jr. William Blair & Company PowerReviews INCISENT Labs Group Catherine Vorwald David E. Moore Bill Sanders Illinois Institute of Technology Equity Office University of Illinois Dan Wagner Rumi Morales Karen Sauder Civis Analytics Outlier Ventures Google, Inc. Tim Walbert Phil Nevels Dhruv Saxena Horizon Pharma ComEd ShipBob Sona Wang Caralynn Nowinski Collens David Schonthal Ceres Venture Fund MxD IDEO Alex Washington Jim O’Connor, Jr. Joe Scoby Wind Point Partners William Blair & Company Magnetar David Weinstein Maura O’Hara Saurabh Sharma Freshwater Advisors Illinois Venture Capital Association Jump Capital Peter Wilkins Dan O’Neil Jai Shekhawat Hyde Park Angels Rohit Pasam SAP Fieldglass Kevin Willer Chicago Ventures Xaptum Andrew Sieja Vic Pascucci Relativity Don Wilson DRW Lightbank Charles Smith Andrew Perlman CS Insurance Strategies Jessica Yagan Impact Engine GreatPoint Energy Vik Sohoni Peter Pfanner McKinsey & Company Sam Yagan ShopRunner University of Illinois at Chicago Balaji (Bala) Srinivasan Eero Pikat University of Chicago Betsy Ziegler 1871 Chicago Barchart Tim Stojka Michael Polsky Agentis Energy Invenergy Thomas Stovall Diane Primo ImBlackInTech IntraLink Global Nancy Sullivan J.B. Pritzker IllinoisVENTURES ChicagoNEXT Matt Summy Harper Reed Comcast Harper Rules LLC Mark Tebbe Jim Robinson ChicagoNEXT Astellas Pharma Matthew Tirrell Benedict Rocchio University of Chicago Baird Venture Partners Stephen Tompos Reza Rooholamini Cleveland Avenue CCC Information Services Kimberly Trautmann Nick Rosa DRW Sandbox Industries Howard Tullman Illinois Institute of Technology 38 2018 ANNUAL REPORT WORLD BUSINESS CHICAGO Yani Mason Development Manager STAFF Ella McCann Andrea Zopp International Program Manager, Chicago Sister Cities International President and CEO Joy Lyu Monahan Alya Adamany Woods General Counsel and Director of Special Projects Executive Director, ChicagoNEXT Anel Montes Veronica Aguilar Director of International Programs, Chicago Sister Cities International Program Manager, ChicagoNEXT Ashley Pontes Leroy Allala Administrative Assistant, Receptionist Executive Vice President, World Business Chicago Caroline Rainey Executive Director, Chicago Sister Cities International Communications Associate Lauras Anagonou Maggie Rosado Data Analyst, CASE Senior Administrative Assistant Tom Bartkoski Nathalie Rosado Ortiz Director of International Business Development Business Relationship Manager Jess Blinn Phyllis A. Ross International Program Manager, Chicago Sister Cities International Executive Assistant to President and CEO Raven DeVaughn Robye Scott Program Director, CASE Manager of Workforce Development Lisa Dziekan Melanie Sillas Director of Business Development Vice President of Development Chris Eagan Carrie Simmons Manager, Business Development Director of Operations and Human Resources Myrna Farmer Alec Singer Executive Director, Board Relations Research Analyst Robin Ficke Julio Soriano Research Director Business Resource Manager Paula Galbraith Andrew Spinelli Financial Accounting Consultant Director of Global Strategic Initiatives Kristin Gomez Tanya Tan Director of Marketing & Communications Associate Director of International Business Development Terrance Hall Kendra Thomas Manager of Cluster Growth Business Resource Manager Tiffany Hamel-Johnson Adrienne Tongate Executive Vice President of Strategy and Administration Deputy Director, Chicago Sister Cities International Sana Hussain Dennis Vicchiarelli Director of Business Development Executive Vice President, Business Development Bernita Johnson-Gabriel Executive Vice President for Neighborhoods and Strategic Initiatives Benjamin Kelner Deputy Director, Communications

WORLD BUSINESS CHICAGO 39 ADDRESS ONLINE

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