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The Latest Breaking News from Michael Fassnacht

Near West Side ventures seed growth in Chicago manufacturing

The nonprofit incubator mHUB and battery manufacturer NanoGraf opened facilities in a part of town that’s evolving into an innovation center.

Chicago Sun-Times

Johnson urged to ‘find solutions that work for the airlines’ to salvage O’Hare expansion

Days after announcing his departure from the job growth agency known as World Business Chicago, Michael Fassnacht urged City Hall and the two major carriers to work out their differences on a massive project that started at $8.7 billion but has ballooned to $12.1 billion.

Chicago Sun-Times

Michael Fassnacht to resign as head of World Business Chicago

The veteran advertising executive is expected to remain in his post through at least February to ensure a transition to his successor.

Chicago Sun-Times

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The end of Chicago poaching suburban corporate headquarters? Area-wide initiative touts ‘new era of regional cooperation’

High up on former Chicago Mayor Rahm Emanuel’s brag sheet were corporate relocations and he helped to lure Motorola from Schaumburg, Kraft Heinz from Northfield and McDonald’s from Oak Brook, among many others.

Chicago Tribune

FTX collapse shakes up Chicago crypto market, where its US trading platform was going to be the next big thing

CHICAGO — When the FTX.US headquarters opened in a gleaming new Fulton Market tower in May, Mayor Lori Lightfoot and her retinue stopped by to officially welcome the cryptocurrency exchange to Chicago, a city positioning itself as a financial center for the booming digital assets.

Chicago Tribune

After McDonald’s CEO says Chicago needs to ‘face facts’ about problems, Mayor Lightfoot says he should ‘educate himself’ before speaking

CHICAGO — Mayor Lori Lightfoot fired back Wednesday at McDonald’s CEO Chris Kempczinski after he raised concerns about crime in Chicago, and she defended the city’s economic outlook.

Chicago Tribune

Abortion ruling figures in new pitch for Chicago jobs

A letter from World Business Chicago, signed by Mayor Lori Lightfoot and other civic leaders, urges Fortune 500 companies to invest here because local laws respect worker diversity and impose fewer limits on abortions.

Chicago Sun-Times

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In DC, Pritzker, Lightfoot pitch DNC on Chicago bid to host 2024 Democratic convention

Top DNC officials also met on Friday with representatives from New York, Houston and Atlanta, the other cities bidding for the convention.

Chicago Sun-Times

Lightfoot unveils campaign to welcome air travelers

Neither the mayor nor World Business Chicago CEO Michael Fassnacht mentioned the much-ridiculed “Chicago Not in Chicago” campaign, but they didn’t have to. It was the elephant in Terminal 2.

Chicago Sun-Times

Chicago launches guerrilla marketing campaign to bolster its pandemic-battered image

After two years of pandemic stasis, crime stories and a broadly battered image, Chicago is going on the offensive, launching a guerrilla marketing campaign Monday to promote itself as a more influential world city than many realize.

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