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Economy of Chicago. Chicago and its suburbs is home to 35 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading and services, and food processing also play major roles in the city's economy. The total economic output of Chicago in gross ...
Chicago is an international hub for finance, culture, commerce, industry, education, technology, telecommunications, and transportation. It has the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures alone. [15]
Government of Chicago. The government of the City of Chicago, Illinois, United States is divided into executive and legislative branches. The Mayor of Chicago is the chief executive, elected by general election for a term of four years, with no term limits. The mayor appoints commissioners and other officials who oversee the various departments.
The Chicago school of economics is a neoclassical school of economic thought associated with the work of the faculty at the University of Chicago, some of whom have constructed and popularized its principles. Milton Friedman, and George Stigler are considered the leading scholars of the Chicago school. [1]
The City Treasurer’s Office is the custodian and manager of all cash and investments for the City of Chicago, the four City employee pension funds, and the Chicago Teacher’s Pension Fund. Additionally, the Treasurer’s Office manages a number of programs that promote financial education and small business growth in Chicago’s neighborhoods .
CME Group Inc. CME Group Inc. is a financial services company. Headquartered in Chicago, the company operates financial derivatives exchanges including the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange, and The Commodity Exchange. The company also owns 27% of S&P Dow Jones Indices.
Tax increment financing. Tax increment financing ( TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is to stimulate private investment in a blighted area that has been ...
The Chicago Portal. Chicago ( / ʃɪˈkɑːɡoʊ / ⓘ shih-KAH-goh, locally also / ʃɪˈkɔːɡoʊ / shih-KAW-goh; Miami-Illinois: Shikaakwa; Ojibwe: Zhigaagong) is the most populous city in the U.S. state of Illinois and the third-most populous in the United States after New York City and Los Angeles. With a population of 2,746,388 in the ...
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