Mayor Emanuel Announces Gogo to Relocate Headquarters
and Expand in Chicago
Oct.
30, 2013
Chicago Mayor
Rahm Emanuel and
Gogo president and CEO
Michael Small
announced that Gogo, the world leader in in-flight
connectivity, will move its corporate headquarters and
commercial aviation business to 111 N. Canal Street in
Chicago. The company will move more than
460 employees to 232,000 square feet at the new
location, with plans to add more than 50 jobs within the
next two years.
"Gogo is an exciting company
that is a leader in its space and on the cutting edge of
the technology economy," said Mayor
Rahm Emanuel. "I
welcome the company to
Chicago, and I am certain that Gogo will
find our workforce, our transportation system, and our
business climate to be exactly what the company is
looking for as it grows and expands."
Gogo is currently
headquartered in
Itasca, Ill., and its commercial aviation
business is located in
Itasca as well. Gogo's business aviation
division is based in
Broomfield, Colorado and the company
considered options in
Colorado, but ultimately chose
Chicago to tap into the city's extensive
talent pipeline, because of its access to domestic and
foreign partners, and its thriving technology community.
"This is an incredibly
important step for Gogo as we continue to grow and
evolve into a global organization," said Gogo's
president and CEO,
Michael Small.
"As we conducted our search for a new company
headquarters, it was clear the state and the city have
made considerable efforts to raise
Chicago's profile as a technology hub and
our new company headquarters puts us at the epicenter of
that activity in a location that's better suited for the
rapid growth we expect at Gogo."
Gogo provides in-air
connectivity to more than 2,000 commercial aircraft and
communication services to more than 6,000 business
aircraft. The company provides its services by utilizing
its own ground based cellular air to ground network and
satellite technology platforms. Gogo's in-flight
connectivity partners include American Airlines, Air
Canada, AirTran Airways, Alaska Airlines, Delta Air
Lines, Frontier Airlines, Japan Airlines, United
Airlines, US Airways and Virgin America; in-flight
entertainment partners include American Airlines, Delta
Air Lines, Scoot and US Airways. In June, 2013 Gogo
began trading on the NASDAQ Global SelectMarket under
the ticker symbol GOGO.
Gogo has been located in
Itasca since 2007.
"We truly appreciate all of
the support that the
Village of Itasca gave Gogo over the years
as the company developed its commercial aviation
business," added Small, who received the Illinois
Technology Association's 2013 CEO of the Year Award.
In
Chicago, Gogo will be joining a
flourishing technology community. Gogo will join growing
Chicago companies including Braintree and
FieldAware which have offices at 111 N. Canal. The city
is home to more than 1,500 digital technology companies,
employing more than 40,000 people (up 21% in 2013), with
a tech startup launched in
Chicago every 24 hours, according to Built
in
Chicago.
Companies such as Gogo are
continuously drawn to the city in large part due to its
unique talent pool. Public and private post-secondary
educational institutions enroll more than 65,000+ in the
Chicago Loop alone, and
Chicago is home to two of the world's top
business schools. Additionally, the most recent U.S.
Census
Bureau report showed
Chicago residents over 25 with BAs in
computers, math, and statistics increased by 20 percent
in 2012 (nationally, this figure increased by 4.6
percent).
Fostering innovation and
building momentum around the region's technology
industry is a key component of the city's Plan for
Economic Growth and Jobs, called for by Mayor Emanuel
and currently being implemented by World Business
Chicago (WBC). As a part of the Plan, WBC is working to
drive growth and opportunity in businesses related to
science, technology, innovation and entrepreneurship
with its ChicagoNEXT council.
"Gogo is a perfect example of
the companies we are looking to attract to
Chicago and to support through
ChicagoNEXT," said WBC President & CEO
Jeff Malehorn. "We
welcome Gogo and look forward to working together as we
continue to accelerate the growth and expansion of
Chicago's tech sector."