Loyola University Chicago

Loyola University Chicago

University Newsroom


Media Contacts:
David Schwartz
Vice President, Communications and Marketing
Chicagoland Chamber of Commerce

Anne Divita Kopacz
Director of Communication, Quinlan School of Business
Loyola University Chicago


Joint Study Shows Small Businesses Are Increasingly Optimistic
about Chicago Economy
Fourth Annual Chicagoland Small Business Outlook Survey Reveals Plans to Hire More Workers
and Expand Operations; Also Points to Areas of Concern

Chicago, January 25, 2018–An annual survey of small businesses in the Chicago region shows growing optimism, plus plans to expand. This is important as 46 percent of Illinois’ private sector workforce–2.4 million people–are employed by a small business.

Since 2014, the Chicagoland Chamber of Commerce and Loyola University Chicago’s Quinlan School of Business have annually conducted this small business survey. The groups presented the 2018 Chicagoland Small Business Outlook Survey results at a reception on Wednesday, January 24, at Loyola’s Schreiber Center.

The full survey report and a video summary can be viewed here.

Key survey results include:

“The results of the survey are very encouraging,” said Chicagoland Chamber President and CEO Jack Lavin. “Small businesses’ strong increase in confidence in the Chicagoland economy points to an environment where they’ll be investing in their operations. This creates opportunity for businesses of all sizes, and for every worker.”

Wintrust is the Exclusive Corporate Sponsor of the 2018 Chicagoland Small Business Outlook Survey. The survey was completed by 504 small businesses.

About the Chicagoland Chamber of Commerce
The Chicagoland Chamber of Commerce represents more than 1,100 member organizations that employ 400,000 people and create more than $24 billion in revenue. It combines the power of its membership with a legacy of leadership and business advocacy to drive a dynamic economy. The Chicagoland Chamber focuses on delivering value for its members, making Chicagoland a world-class place to live and work.

About Loyola’s Quinlan School of Business
The Quinlan School of Business at Loyola University Chicago educates responsible leaders who strengthen the local and global business system. We draw on the resources of our world-class location in the heart of Chicago and of our industry-leading faculty to offer a nationally ranked business education. Visit LUC.edu/Quinlan.

About Loyola University Chicago
Founded in 1870, Loyola University Chicago is one of the nation’s largest Jesuit, Catholic universities, with more than 16,600 students. Nearly 11,500 undergraduates call Loyola home. The University has four campuses: three in the greater Chicago area and one in Rome, Italy, as well as course locations in Saigon-Ho Chi Minh City, Vietnam; Vernon Hills, Illinois (Cuneo Mansion and Gardens); and a Retreat and Ecology Campus in Woodstock, Illinois. The University features 13 schools, colleges, and institutes, including the Quinlan School of Business, Marcella Niehoff School of Nursing, Stritch School of Medicine, College of Arts and Sciences, School of Communication, School of Continuing and Professional Studies, School of Education, School of Law, School of Social Work, Graduate School, Institute of Pastoral Studies, Institute of Environmental Sustainability, and Arrupe College of Loyola University Chicago. Ranked a top national university by U.S. News & World Report, Loyola is also among a select group of universities recognized for community service and engagement by prestigious national organizations like the Carnegie Foundation and the Corporation for National and Community Service. To learn more about Loyola, visit LUC.edu, “like” us at Facebook.com/LoyolaChicago, or follow us on Twitter via @LoyolaChicago or @LoyolaNewsroom.

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