IT technologies are used in almost all spheres of human activity. The modern technology industry is thriving in Chicago. There are several key players in the city that contribute to the development of the IT sector. Learn more about the state of the industry and other interesting facts at chicago-future.com.
Key players in Chicago’s IT sector
Many people think that the IT sector is developing slowly in Chicago. However, the city is home to some of the most prestigious universities. Some of them are the University of Chicago, Northwestern University and the University of Illinois Urbana-Champaign. These universities have taught many talented specialists in various fields, in particular, the IT sphere.
Chicago is a city of finance and transportation. It attracts many technology companies seeking to work in innovative industries. In addition, Chicago has a strong startup system that has helped create a culture of innovation.
Google, one of the largest technology companies in the world, has its offices in Chicago and employs talented local programmers and managers. Google is actively involved in various city initiatives, including providing free internet to low-income families.
Motorola Solutions is a Chicago-based telecommunications company that provides communications solutions to various industries, including government and public safety. The headquarters of the company is located in Chicago. In recent years, it has been expanding its range of products, thus contributing to the development of information technologies.
Grubhub is a food delivery company, which was also founded in Chicago in 2004.
Braintree is a payment company founded in Chicago in 2007.
Groupon is an e-commerce marketplace, which was founded in Chicago in 2008. Since then, the company has grown significantly and entered various markets around the world.
Tempus is a healthcare technology company founded in Chicago in 2015. Tempus provides genomic sequencing services.
Uptake is a predictive analytics software company founded in Chicago in 2014. Uptake provides solutions for various industries including manufacturing, energy and transportation.
The main challenges of the Chicago IT sphere
Although the technology industry is actively developing, it still has problems that need to be solved. One of the biggest challenges is the shortage of professionals.
Chicago’s tax structure can complicate startups financing. Heavy taxes on businesses, especially startups, can hinder opportunities to invest in research and development. The issue is causing ongoing debate among politicians and industry leaders about the need for tax reforms and incentives to support the IT industry in Chicago.
What are the government’s actions?
Recognizing the importance of the technological industry, Chicago and the State of Illinois have taken steps to create a favorable environment for IT companies. The city authorities launched the ChicagoNext program aimed at supporting and promoting entrepreneurship and innovation. It offers startups resources, mentorship and networking opportunities. In addition, it provides access to venture capital.
The state, with the support of universities and research institutions, created the Illinois Innovation Network (IIN). It aims to promote cooperation between academia and industry, stimulate research and provide support to startups and entrepreneurs. The network serves as a powerful catalyst for innovation and technological development in Chicago and far beyond.
From all of the above, we can conclude that the IT industry is actively developing in modern Chicago.
