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Summit offers global spotlight

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CHICAGO – The famous skyline is etched with distinctive buildings. The downtown boasts a vibrant cultural district. And the stunning lakefront and art-filled parks attract thousands of visitors every day.

The Chicago of 2012 is a sparkling, fast-globalizing financial-services center and a cradle for high-tech startups. Yet in much of the world, the nation’s third-largest city is more likely to conjure images of long-dead mobsters, demolished steel mills or a red-faced Mayor Richard J. Daley defending how police cracked protesters’ heads at the 1968 Democratic National Convention.

So it’s difficult to overstate the importance of this weekend’s NATO summit to business and tourism leaders.

“We ought to be known for something more than the old stockyards, smog or Al Capone, but we aren’t,” said Richard Longworth, a senior fellow at the Chicago Council on Global Affairs. “People are surprised when they visit, and that’s why” Mayor Rahm Emanuel wanted the summit.

“We have to stop being a surprise,” Longworth added.

Twenty-first century Chicago depends more than ever on its international reputation in the quest for jobs, investment from abroad and markets for its exports. Yet it still struggles with familiar problems, such as subpar schools, segregation and corruption. And in its last attempt to draw world attention, a bid for the 2016 Olympics, the city was embarrassed to be eliminated in the first round.

Chicago is now headquarters of Boeing Co. and United Continental, corporations he lured with millions in financial incentives. Donald Trump’s 98-story tower is among the newest additions to the skyline. And dozens of startup companies have taken root here, including Groupon, a web sensation that has served to anchor the tech culture.

“Ten years ago, you wouldn’t have mentioned Chicago” when talking about Internet and high-tech companies, said venture capitalist Eric Lefkofsky, a co-founder of Groupon Inc. and several other Internet startups.

“Today it’s mentioned all the time” in the same sentence as Silicon Valley or New York. “When people come here ... they’re blown away. They have no idea we have an amazing theater district, an amazing restaurant district and great shopping. They just had no idea.”

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