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World Business Chicago's Annual Economic Report

On April 30, 2026, World Business Chicago released its much-anticipated annual report titled 'State of the Economy 2025: Data, Decisions, Trends Shaping Chicagoland's Economic Future.' The report offers a comprehensive data-driven analysis intended to help local businesses navigate a dynamically evolving economic and policy landscape.

As the U.S. economy crawls forward at a modest growth rate of 2%, particularly under the pressures of geopolitical tensions and fluctuating energy costs, the resilience of the Chicago region stands out. With a gross regional product (GRP) of approximately $929 billion, Chicago retains its status as the third-largest metro economy in the United States. In 2025 alone, the region recorded an unprecedented 223 business expansions, relocations, and new market entries, underscoring its appeal as the number one U.S. metro for corporate relocation for the 13th consecutive year.

Key Findings from the Report

The report showcases several critical indicators of economic health:

• - Trade Dominance: O'Hare International Airport is highlighted as the leading U.S. port by value, facilitating trade worth $423 billion.
• - Labor Force Strength: Chocolate City boasts a labor force nearing 5 million, surpassing the workforce size of 41 U.S. states.
• - Talent Pipeline: The region delivers over 151,000 annual program completions, contributing significantly to one of the nation's largest talent pools.
• - Investment Growth: A robust $6 billion was raised in growth capital across high-growth sectors, including artificial intelligence, fintech, and clean technology.

Phil Clement, President and CEO of World Business Chicago, noted, "These indicators collectively highlight an economy driven by diversification and a strong performance across various economic cycles. Businesses today prioritize risk management and the ability to adapt, and this report showcases how Chicago is leveraging its strengths for investment and job creation."

Emerging Economic Trends

The report identifies several structural trends shaping the region's economic trajectory:

• - Sector Diversification: No single industry dominates, ensuring economic stability across various sectors, with no sector exceeding 13% of the regional GDP.
• - Core Industries Resilience: Industries like manufacturing, logistics, finance, and professional services continue to show robust performance.
• - Future-Facing Sectors: There is a notable momentum in sectors such as clean energy, artificial intelligence, and quantum technology.
• - Housing and Workforce Alignment: The report underscores the necessity to address housing affordability and workforce alignment to sustain long-term growth.

These findings tie in with Chicago's long-term economic strategy, 'Chicago 2050 | A Plan for Economic Growth & Jobs,' which aims to foster industry ecosystems and prepare the workforce for inclusive and sustainable growth.

Upcoming Forum: Navigating Economic Realities

To further discuss the report's insights, World Business Chicago, in partnership with the Executives' Club of Chicago, will host a virtual forum titled 'Chicago's State of the Economy: Competing & Winning in a Volatile World' on June 1, 2026. Led by Dorri McWhorter, President and CEO of the Executives' Club of Chicago, the forum will delve into critical findings from the report, offering business leaders actionable insights to adapt in a fluctuating market.

As McWhorter stated, "In times of uncertainty, data-driven decisions are more crucial than ever. This discussion will equip decision-makers with grounded insights to navigate the current market."

This annual report is not merely an academic exercise; it is a roadmap for Chicago's future, reflecting the intricate realities that businesses face today. As a tool for decision-making, this report emphasizes the importance of leveraging data for strategic planning and risk assessment in an ever-changing economy. Loftus echoed this sentiment, stating, "This report is designed to be relevant—not just to read. It sheds light on today’s challenges, risks, and the myriad of opportunities that lie ahead for businesses in Chicagoland."

About World Business Chicago

World Business Chicago is the city's official public-private economic development agency, focused on driving growth, attracting investment, and creating jobs throughout the Chicago metropolitan area. Partnering with the City of Chicago and a network of civic and business leaders, it advocates for initiatives that spur expansion and innovation. For ongoing updates and strategies affecting business development in Chicagoland, visit worldbusinesschicago.com and subscribe to their weekly newsletter, the WBC Business Pulse.