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My kind of towns: The business relationship between London and Chicago

London mayor Sadiq Khan has welcomed his Chicago counterpart to the UK capital during a visit that has seen the pair discuss the business relationship between the two cities.
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Chicago mayor Rahm Emanuel is on UK soil to strengthen the business relationship between the Windy City and London as he meets with Sadiq Khan.

The pair met at a shared office space in Moorgate operated by WeWork, with the pair discussing collaboration opportunities across the cities including technology, financial services and other areas of concern as Britain heads towards Brexit.

Khan and Emanuel spoke to an audience of entrepreneurs to encourage and inspire, with the former’s promotional agency London & Partners revealing London is the top city outside of the US where Chicago businesses want to forge a presence.

Observing the business relationship between the cities further, London has secured more Chicago-based companies than any other European city over the past decade. Singapore is the second most popular city, but London still outstrips it significantly with almost twice as many Chicago-founded companies.

Emanuel’s arrival in London comes after Khan visited Chicago in September to secure a business relationship, during which he showcased 30 companies from the capital to help build connections.

On the back of the Chicago visit with Khan in the autumn, Rocketspeed has doubled revenue in the US thanks to a business relationship sealed during the time out there.

The mayors revealed that Chicago firms will continue to invest in the UK despite Brexit, with several investments in place already from sectors including law and finance.

“The economic and cultural partnerships between Chicago and London have generated unparalleled investment and job creation on both sides,” said Emanuel.

“Together with Mayor Khan we are going to continue to strengthen these partnerships to benefit both cities for years to come.”

Khan and Emanuel will leverage an initiative they’ve billed the Chicago-London City Data Alliance to ensure the business relationship thrives, with the programme providing measurement findings to the locations.

Khan declared that London is the best place in the world for starting and growing a business and said Chicago companies and entrepreneurs heading to the city are “helping our economy flourish”.

“London will always remain outward-looking and a magnet for global talent with an unbeatable blend of creativity, access to finance and a time zone that overlaps other financial centres of power,” Khan declared.

“I am determined to strengthen the links between these two great cities and develop new and exciting opportunities for trade and investment.”

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About Author

Zen Terrelonge

Zen Terrelonge is the deputy editor of Real Business, specialising in media, innovation, technology and the digital sector. A media professional with eight years worth of experience he has worked for both startup and established publications.

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