The Windy City is the place to be for technology and innovation.
Recent studies show that Chicago’s technology industry continues to grow. According to a Brookings Institute study, the Chicago metro area added 10,000 tech jobs between 2013 and 2015 for a 5.8% compound annual growth rate. This sector’s growth outpaced both Boston and Seattle, which saw growth rates of 5.2% and 5.3% respectively.
The Chicago region had the 9th biggest increase in the number of tech jobs, following behind San Francisco, San Jose, New York, Dallas, Boston, Austin, Seattle and Los Angeles.
The Brookings report (right) comes after a KPMG survey determined that Chicago was the sixth strongest tech hub rival outside of Silicon Valley. Venture capitalists and business executives were asked to name the cities they thought will rival the Silicon Valley/San Francisco area over the next four years.
Illinois universities have helped create 800 startups in the last five years, according to the Illinois Science & Technology Coalition. This excelled growth has helped the Chicago metro area increase its share of national tech jobs from 2010 to 2015- one of the only cities to do so as the Bay Area continues to dominate.