Chicago mayor Mr Rahm Emanuel announced that following an evaluation of about 20 worldwide cities, German technology and materials group ThyssenKrupp selected Chicago as it's North American regional headquarters.

Mr Emanuel said that the investment will bring about 100 new jobs to the Chicago area, and Emanuel used the opportunity to again tout the city's workforce and its transit infrastructure.

He added that "ThyssenKrupp’s decision to locate their North American headquarters in Chicago is a testament to the world class business environment the city offers. By combining transportation, infrastructure, and the best workforce in the world, Chicago is a destination for the greatest companies around the globe, and ThyssenKrupp is a perfect example of this."

Mr Torsten Gessner CEO of ThyssenKrupp said that "Both the Mayor and World Business Chicago made a very compelling case for a dynamic and vibrant world class city we will be proud to call home."

(Sourced from www.nbcchicago.com)