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Chicago & Midwest  + Downtown  + Finance  |  August 24, 2020
Office vacancies in Chicago's CBD rose during the first quarter of 2022, Cresa reported
Paul Bubny
By: Paul Bubny

Chicago Tops Midwest List for Tech Startups

Chicago once again topped the ranking of the best Midwest cities for startups, according to a new report from locally based venture capital firm M25. The Windy City has stayed atop M25’s rankings each of the four years the firm has published its annual report.

The top six cities in this year’s rankings remain unchanged from the year prior, the Chicago Business Journal reported. Following Chicago on M25’s list are Minneapolis, Pittsburgh, Indianapolis, St. Louis and Ann Arbor. Rounding out the top 10 are No. 7 Columbus, No. 8 Madison, No. 9 Detroit and No. 10 Cincinnati.

Columbus and Detroit both rose in the rankings from 2019, due in part to sizable fundraisings by individual startups, while Madison and Cincinnati declined. M25 evaluates tech cities based on startup activity, access to resources and business climate.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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