PRESS RELEASE
10.15.2024
Discussions focused on collaboration across sectors where Chicago excels, including food innovation, clean energy, business services, and the economic impact of international sports and tourism.
CHICAGO – Mayor Brandon Johnson, along with World Business Chicago and Choose Chicago, led a successful business and tourism mission to London, strengthening the city’s global partnerships. A core tenet of the mission was to attract international investment, travel, and leisure opportunities. The trip strengthened Chicago’s relationship with London, a key economic ally. Discussions focused on collaboration across sectors where Chicago excels, including food innovation, clean energy, business services, and the economic impact of international sports and tourism.
The mission highlighted the city’s evolution beyond its industrial past. No longer defined by the “rust belt,” Chicago is now at the forefront of the “green and blue belt,” driven by its leadership in climate innovation and a commitment to building an inclusive, circular blue economy.
The trip also provided a timely opportunity to highlight Chicago’s growing leadership in quantum computing, positioning the city as a global hub for this next frontier of technology. Mayor Johnson led a Business Climate Roundtable, meeting with 20 climate and clean tech companies interested in expanding to Chicago. Deputy Mayor Merritt and World Business Chicago held similar talks with a leading quantum company on the brink of expanding to the city, where it was shared by a UK partner that “Chicago is to quantum what Silicon Valley was to tech.” Additionally, the team hosted a roundtable with five quantum companies—see below for key highlights from these discussions.
London, Chicago’s fourth-largest foreign direct investment partner, is home to many UK- based companies operating in the city, employing over 90,000 Illinoisans. During the mission, Pirkx, a wellbeing startup from London, announced it will establish its U.S. headquarters in Chicago, further strengthening this partnership.
“Our trip to London exceeded my expectations,” said Mayor Brandon Johnson. “It was inspiring to see Chicago recognized globally as an economic powerhouse by the leaders we engaged with. I thank Mayor Sadiq Khan and the City of London for its continued commitment to collaboration. This trip rekindled longstanding respect and opened new opportunities for growth, innovation, and investment that will benefit both cities for years to come.”
“I want to thank Mayor Johnson, Deputy Mayor Merritt, Vice Chair Charles Smith, and our board members and companies who joined us in London, representing Chicago on the global stage,” said Phil Clement, President & CEO, World Business Chicago. “Our meetings in London were incredibly productive, opening doors to new opportunities and strengthening our ties with a key economic partner. The team and I are excited about the strong and robust pipeline of opportunities we’ve developed as a result of this trip. The announcement by Pirkx, opening its U.S. headquarters in Chicago, was particularly rewarding as they are a prospect we’ve worked on for years to bring new benefits to small and medium sized businesses across Chicagoland.”
The Chicago cohort has returned home with a renewed sense of optimism and confidence in the growing partnership between Chicago and London. Our pipeline of opportunities is stronger than ever, and we expect continued momentum and positive outcomes from the meetings held. Looking ahead to early 2025, Chicago will welcome a delegation from London, further deepening the ties between our cities. And as a perfect capstone to the trip, a big shout-out to hometown favorite, the Chicago Bears, for their victory in London, showing our friends and partners what Chicago’s strength looks like—on and off the field.
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