Chicago tech firm startups have seen great success in the Windy City recently, as a number of firms that operate in the business incubator 1871 have reported growth not only in their production, but in their employment numbers as well. Mayor Rahm Emanuel said that more than 300 jobs have been created by 30 startup tech companies in the area, according to Loop North News.
The city pledged to add 40,000 positions in the technology sector throughout the year, so the continued success of these firms would be integral to contributing to this pledge. These types of professions are key to strengthening the economy, the mayor explained.
“Small businesses are the backbone of our economy, and technology companies are creating the new jobs of the present and the future,” Emanuel said, as quoted by the source. “These companies are building the next generation of Chicago’s economy. I will continue to build an environment that attracts talented people and thriving companies to Chicago.”
The Chicago Tribune reported that 1871 is currently exploring the possibility of expanding its physical space by 50 percent, allowing for more startups to set up camp alongside tech business professionals at the Merchandise Mart. Howard Tullman, the CEO of 1871, told the source that the company is in talks with the location, and if the expansion moves forward, more employment opportunities may follow.