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Pete Bigelow · Rahm Emanuel shakes up World Business Chicago, expands its economic mission
July 13th, 2011
Mayor Rahm Emanuel has announced significant changes in Chicago’s not-for-profit economic development organization.
He’s expanded the board of World Business Chicago from 15 to 50 members and widened its charge to include recruiting corporate headquarters from international locations. Most of the new board members will come from the corporate world, including new vice chairman Michael Sacks, the CEO of Grosvenor Capital Management.
As the board expands its reach beyond the United States, it also may look inward. Earlier this year, the Chicago Tribune reported that Emanuel’s top economic advisor wanted the organization to work with small-business startups.
“There is no better representative about the strengths of the city of Chicago than the people who live in the city of Chicago,” Emanuel said, according to Crain’s Chicago Business.
