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Downsizing and plant closures continued into the 1990s and 2000s, and the US Dept of Commerce estimates that today fewer than 25,000 people are employed in the steel industry in the Chicago–Joliet–Naperville, IL–IN–WI Metropolitan Statistical Area (18,000 of whom are actually in Northwest Indiana.
Chicago is considered the railroad hub of North America. The region dominates the U.S. rail market in both market share and total volume, handling 47% of the nation's intermodal rail containers and 28% of rail cars, carrying a total of $641 billion worth of goods each year. [2]
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There has also been some talk of service from Chicago O'Hare International Airport to Rockford railway station. Studies began in 2015 to look into the construction and contracting on the project. [3] In 2022, Amtrak received $3,000,000 in federal funds to support the final design of improvements to the concourse level of Chicago Union Station. [4]
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mHUB's Product Impact Fund I is a $15M venture fund that will invest in 60 early-stage physical product and hardtech ventures with deployment from 2020 To 2023. [8] The Fund supports cohorts of the mHUB accelerator program and will make seed-stage investments of $75,000 cash and $56,750 in product development, resources and programming for 5% equity with pro rata rights.