Overcast
14°FOvercastFull Forecast

Emanuel, Quinn celebrate digital startup hub

Published: Sunday, May 5, 2013 5:30 a.m. CST

CHICAGO – A Chicago hub for digital startups has created 800 jobs and attracted nearly $30 million in capital investments in its first year.

Mayor Rahm Emanuel and Gov. Pat Quinn joined leaders from the center known as 1871 to mark its anniversary Friday.

1871 is a co-working center in Chicago’s Merchandise Mart. It offers entrepreneurs affordable workspace and access to mentors, educational resources and potential investors.

It is operated by the nonprofit Chicagoland Entrepreneurial Center and is home to 225 startups.

Emanuel said the success of 1871 is “a shining example of this community coming together to lead business innovation, create jobs and have a major economic impact.”

A survey of 1871’s founding member companies found they expect 1,342 more jobs will be created in the next 12 months.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

How long do you think it will be before the Bears reach a Super Bowl?
In the next three seasons
In the next four to five seasons
In the next six to 10 seasons
In more than 10 seasons