One Question, One Image March 18, 2018

By Edward M. Bury, APR (aka the PRDude)

This headline from last week certainly jumped off the page, so to say, for me and perhaps a million or so other Chicagoans who care about the future of the city:

Amazon HQ2 search team visiting Chicago March 21-22

As noted in the accompanying article published by Crain’s Chicago Business, Chicago city officials are keeping the visit somewhat hush-hush, as requested by the folks from Amazon, who are considering my fair city along with 19 others for its “second headquarters.”

The under-construction Academic and Residential complex on the UIC campus.

As noted in this post from November of last year, I’m a solid supporter of Chicago gaining this once-in-a-generation corporate prize. I even liked the Chicago is all in Facebook page dedicated to helping communicate civic boosterism towards the HQ2 competition. (And, for the record, I shared the above post from last year, but it has yet to be included.)

Given the projected number of permanent jobs (50,000), high salaries for new Amazon employees (average of $100,000), and residual economic benefits (who knows for sure, but it will be a lot), there’s no question winning the Amazon prize would be tremendous for Chicago. (Although many claim the purported $2.25 billion incentive package is way too steep.)

So on to today’s question. The image above reveals progress made on the new Academic and Residential Complex at the University of Illinois at Chicago.  (Full disclosure: I work at UIC.)

This $100 million development, which I observe daily when exiting the CTA Blue Line UIC/Halsted station, is rising at remarkable speed. It’s a tangible example what Chicago does very well: Build stuff.

Since its inception and evolution in the late 19th Century into a truly world-class city, Chicago has built more than just iconic structures. Chicago has built industries — food processing and manufacturing, transportation, supply chain logistics and others — that rival those any place on earth.

That’s why I want to ask:

Does Chicago really need to win the Amazon HQ2 to maintain its position in the world today?

Regardless of the low profile hoped for during the meetings between the city and Amazon this week, I’m confident there will be many, many projections on where the bid stands.

 

 

My Turn: Thoughts About Amazon and Chicago

By Edward M. Bury, APR (aka The PRDude)

For the past several weeks, one story has dominated business news here: Chicago’s efforts to lure online retail behemoth Amazon to build its “second headquarters” on a site in the city.

Led by Mayor Rahm Emanuel, Governor Bruce Rauner and local business and civic leaders, Chicago has offered Amazon 10 potential sites — eight in the city and two in the suburbs — to consider for the proposed complex. Marketing messages have highlighted the city’s strong points, like central location with two international airports, world-class cultural and educational institutions, strong (well most of the time) infrastructure, vibrant neighborhoods (well, many but certainly not all), dynamic business community and many others.

Thankfully, I have not read any nonsense about the attraction of real deep dish pizza or Chicago style (hold the ketchup) hot dogs.

Although, I anticipate a continued barrage of business stories about the Amazon bid well into 2018, when Chicago will learn where it ranks among the 238 North American cities bidding for HQ2 and its proposed 50,000 employees.

A few weeks ago, the former CEO of the city’s chamber of commerce published a rather compelling “open letter” to Amazon CEO Jeff Bezos, offering several reasons why Chicago should land this so-called “once-in-a-generation” corporate and economic plum.

And, a few days ago, the Chicago Tribune published a news story announcing proposed plans by Chicago real estate concern Sterling Bay to offer Amazon naming for a stadium within the newly-designated Lincoln Works property on the North Side. Great idea, but I’m not sure what team would play games at the stadium since the city’s professional franchises already have homes.

So, now it’s this life-long Chicago resident’s opportunity to share some thoughts behind making Chicago Amazon’s HQ2.

Retail Legacy. Without question, Chicago can boast a retail history unparalleled in the nation. The mail-order industry, led by Sears & Roebuck and Montgomery Ward, was founded here and thrived for a century.  On a related note, the meatpacking industry was born and thrived here for decades. Chicago knows how to host groundbreaking commerce and industry.

Non-Profit Powerhouse. This fact often is lost when listing metropolitan Chicago’s economic and civic strengths: The size and scope of its non-profit and association organizations, some of the largest in the nation. As noted from this page on the Chicago Association Forum’s website, the region’s associations — some 1,600 total — contribute billions to the economy. Associations also function as advocates for culture and commerce, generate research and stimulate dialogue. This is a benefit other cities simply can’t match.

It’s Been Done Here Before. I won’t tread on that quote about dispensing with minuscule ideas. Yet its message rings true here in Chicago, which gave the world the first true skyscraper, which hosted an international exhibition two decades after a devastating fire, which nurtured and lost and rebuilt great industries, which emerged from many catastrophes still strong and ready to take on new challenges.

Amazon and other online retailers may be (and deservedly so) blamed for putting bricks and mortar retailers out of business. Montgomery Ward no longer exists, and Sears is facing challenges to remain profitable.

Should Mr. Bezos decide on Chicago as the next step for the online empire he created, I maintain the city would rise up to the challenge.  And, by the way, along with pizza and hot dogs, we have are home to Italian beef.