Chicago has been rated as the 9th-most competitive city in the world for the future, according to the Economist Intelligence Unit, the global research arm of The Economist magazine.  There was only one other American city, New York, that made the list.

 The Economist Intelligence Unit cited Chicago's better government, solid health care, transportation infrastructure, quality of higher education, and global business climate.  The airports in the Chicago area and the ability to service international flights was specifically noted in the report.

 This study marks yet another story highlighting the appeal of Chicago, "The Second City."  Other stories have been the cover article for Time magazine, the cover article for New York Times magazine, and prominent featuring in a series of articles on American cities in The Financial Times.

As just one example of its pre-eminence in education , the University of Chicago was recently ranked the 8th-best university in the world by US News & World Report magazine.  The University of Illinois is a highly rated public university, too.  The mayor of Chicago, Rahm Emanuel, the focus of the Time magazine article, is doing much to improve the K-12 education offered in the Chicago area.  These efforts and more have convinced more than twenty businesses to relocate to Chicago.

The appeal of Chicago has been reflected in the rebounding housing market.  Sales and home prices are soaring due the higher levels of real estate investing.  Foreign investors, hedge funds, private equity groups, and others are all pouring billions in the Chicago housing market.  As reported in an article on this site, real estate agents in Chicago are now receiving multiple offers on proprieties when put up for sale.

"That Chicago was ranked so highly by the Economist Intelligence Unit does not surprise me at all," remarked Jerry Cohen, President and Founder of EquityBuild, a real estate investment firm that is active in the Chicago housing market.  "We see it everyday in the streets of Chicago.  It is a great city with great schools and great people, and the real estate market is a great opportunity for investors.  The EquityBuild family is pleased and proud to do what it can to make Chicago one of the greatest cities is the world."

At present, the gross domestic product of the Chicago area is $524 billion.  By 2025, the Economist Intelligence Units projects that it will be $742.1 billion.  For urban areas, that will be the seventh highest amount of economic output in the world emanating from the shores of Lake Michigan.