State: IllinoisĬhicago is located on the shores of Lake Michigan in the north of the Midwest. It hosts five major film studios – Paramount Pictures, Columbia Pictures/Sony Pictures, 20th Century Fox, Warner Bros and Universal – and the headquarters of multinational companies such as AECOM, CBRE Group and Reliance Steel and Aluminum. It is a leading destination for aerospace, petroleum, fashion, tech, clothing, retail, telecommunications, law, healthcare and tourism, while also being a key manufacturing centre in the US and hosting some of the country’s busiest ports. It has strong claims to being the world’s high-profile city when it comes to entertainment (Los Angeles his home to Hollywood), but the city has myriad industrial strengths. Los Angeles is the US’s second-largest city, and its metropolitan population – 13.2 million – ranks in second place behind New York too. Its metropolitan population stands at about 20 million. New York’s metropolitan area hosts the headquarters of more than 50 Fortune 500 companies (higher than any other global city), including American Express, Citigroup, JPMorgan, Pfizer, Thomson Reuters, Time Warner and Verizon Communications. Little wonder, then, that it is often referred to as ‘the capital of the world’. The city, which spans over the five boroughs of Manhattan, the Bronx, Queens, Staten Island and Brooklyn, is widely considered to be the world’s leading city when it comes to finance, based around its Wall Street district, and it is a leading location for tourism (in 2017, it received 62.8 million visitors, bringing tens of billions of dollars to the city’s economy) – but it also is a global hub for retail, transport, real estate, media, logistics, legal services, accountancy, theatre, tech, biotech, fashion, arts, sport, medical research and TV and entertainment (as well as FDI). It would probably be easier to list the sectors and industries in which New York doesn’t excel, given the wide range of strengths it exhibits.
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