Chicago is looking to increase tourism and convention business by hosting both the NATO and G8 summits this May.  The Chicago Convention and Visitors Bureau and World Business Chicago have put together short-term and long-term goals for the city based on the hosting of these summits.

Short-term goals for Chicago include increase tourism from international visitors by 45% over the next 2 years.  According to an article in the New York Times, if Chicago reaches this goal it will bring the earnings from foreign tourism from $4.5 billion per year to $6.5 billion per year.

The main long-term goal is to show to foreign companies that Chicago is indeed 1 of the best places for their North American headquarters.  To achieve this goal, the Chicago Council of Global Affairs put together a study group to identify the best practices to increase foreign companies investments in Chicago.

To read the full article from the New York Times, please click here.