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Chicago Tech Market Matures

CHICAGO—Tech firms here attracted more than $412 million in venture capital funding in the past year and employed 104,869 workers in 2014.

By Brian J. Rogal | Updated on November 24, 2015

CHICAGO—For years people have talked of turning Chicago into a “Silicon Prairie” meant to rival the nation’s coastal tech hubs, and even though it still can’t quite compete with the actual Silicon Valley, the city has recently emerged as a truly mature tech market. According to the 2015 Technology Office Outlook report from JLL, tech firms here attracted more than $412 million in venture capital funding in the past year and employed 104,869 workers in 2014.

And the region has a lot of attributes that experts say will continue to foster start-up activity for many years. For example, unlike some of the more famous tech markets, in Chicago less-established start-up firms have a lot of places to go where the rent is cheap.

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