Michael J. SacksChief Executive Officer, Grosvenor Capital Management, L.P.Vice Chairman, World Business ChicagoChicago, Illinois U.S.A

Mayor Rahm Emanuel, Chairman City of Chicago

Michael Sacks, Vice-Chairman CEO, Grosvenor Capital Management

World Business Chicago Board of Directors

World Business Chicago Mission

• Contribute positively to the growth

rate of the Chicago regional

economy and advance the

development and employment of

Chicago’s human capital

• Provide a good return on

investment to the city and

taxpayers supporting the

organization

1. Business Development – provides location assistance and incentive information; coordinates key public & private sector partners

2. Research – conducts economic and industry analyses; maintains a database of new and expanding business projects

3. Marketing/Public Relations – designs and implements marketing campaigns to promote Chicago’s business advantages; manages key events, sponsorships and trade show involvement

4. Leadership Initiatives – coordinate and host opportunities for engagement (Plan for Economic Growth & Jobs, NATO Summit, international delegations, university recruitment)

World Business Chicago Core Functions

About the Chicago Region

Chicago is the heart of a major

metropolitan area comprised of:

• 9.5 million residents, a growth of

4% (+383,000 people) since 2000

• $500 billion annual gross regional

product (GRP), 3rd among U.S.

metros

• 4.3 million workers

The city is home to 2.7 million

residents and 1.2 million workers

City of Chicago

2,700,955

Total Chicago MSA Population

9,481,409

Key Assets

• TOP NOTCH ACADEMIC INSTITUTIONS-

University of Chicago, Northwestern, University

of Illinois, et al.

• HIGH QUALITY OF LIFE- 80 miles of shoreline, 88

beaches, 35 museums, 200 theater companies,

15,000 restaurants

• STRONG SPORTS TRADITION- 10 professional

sports teams

• RICH IMMIGRANT HERITAGE- At least 30

different ethnic groups with a population greater

than 25,000

• BROAD MASS TRANSIT NETWORK- serves 700

million passengers annually

• TWO INTERNATIONAL AIRPORTS – flights to 200

+ cities per day

Source: Bureau of Labor Statistics

Education & Health, 651,600,

15%

Professional & Business Services, 706,400, 17%**Up from 9% in 1980

Financial Activities; 283600; 7%

Leisure and Hospi-tality; 401000; 9%

Retail, 439,700, 10%

Transportation & Utilities; 195300;

5%

Manufacturing,411,200, 10%**Down

from 25% in 1980

Government, 554,100, 13%

Other Services, 190,600, 4%

Wholesale, 232,600, 5%

Information, 79,300, 2%

Construction, 144,500, 3%

2011 Chicago Employment by Industry

Key Assets– Diverse Industries

Plan for Economic Growth & JobsSeptember 2011

• Mayor Emanuel calls for the creation of a comprehensive and inclusive plan for Chicago’s economic growth

• World Business Chicago is tasked with leading the effort

• A diverse and inclusive steering committee is formed

The Plan for Economic Growth & Jobs is:

• Fact based, pragmatic and analytical

• Beneficial to all sections of society

• Chicago focused looking outward

• Updated and modified regularly

The creation of the plan is a process we must embrace and own so that we always have a strategy and vision for the future.

Leadership & Partners

Professional Leadership

World Business Chicago Co-Chairs

Tony Anderson: WBC Executive Committee Member, Ernst & Young

Michael Sacks: WBC Vice Chairman, Grosvenor Capital Management , LP

Glenn Tilton: WBC Executive Committee Member, JPMorgan Chase, United Continental

Holdings, Inc.

Ex Officio

Steve Koch: Deputy Mayor, The City of Chicago

Steering Committee

Key Strategies Driving the Plan1) Become a leading advanced manufacturing hub

2) Attract business services and headquarters

3) Become a leading transportation and logistics hub

4) Make Chicago a premier destination for tourism and entertainment

5) Make Chicago a nationally leading exporter

6) Create demand-driven and targeted workforce development

7) Foster innovation and entrepreneurship

8) Invest in next-generation infrastructure

9) Deploy neighborhood assets to align with regional economic

growth

10) Create a business-friendly environment

– College to Careers; Skills for Chicagoland’s Future

– Announced nearly 25,000 jobs since May 2011

– Streamlined business licensing

– ChicagoNEXT council of technology business leaders focusing on new opportunities in digital, clean technology and bio sciences

– Building a New Chicago: $7 billion, 3-year infrastructure program with major investments in Chicago’s water system, O’Hare airport, parks, and public transportation

– Chicago Infrastructure Trust: Customized financing using taxable or tax-exempt debt, equity investments and other forms of support • Retrofit Chicago, a $225 million effort to reduce energy costs

by more than $20 million and remove 30,000 cars’ worth of emissions annually

– Chicago Broadband Challenge

Impact to Date

Lesson 1: Leadership

– Led by the Mayor, diverse and inclusive Steering Committee (corporate, foundation, civic, labor, community leaders)

Lesson 2: Implementation

– Steering Committee provides ongoing oversight, direction and monitors progress

– Fellows provide on the-ground assistance with the strategies and civic engagement

– High impact initiatives are launched regularly for collective top-line GRP and jobs

Lesson 3: Process

– Designed as a living process – not a one-time project – that welcomes collaboration, has built-in accountability, and will be maintained, refreshed, and its progress tracked over time

Closing Lessons

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