Yelp, the San-Francisco-based company that is an online sensation, is going to open a huge office in Chicago, according to the Chicago Tribune on Thursday. Yelp has agreed to lease more than 50,000 square feet at Chicago’s Merchandise Mart along the Chicago River in the bustling city’s River North area. As the Merchandise reportedly reaches capacity in its leasing, it is said that Yelp joins a few other tech companies an incubators in the gigantic structure.
More than simply having a great company open its doors in Chicago next January, there are also many job availabilities coming with the company’s actions as well. The firm says that some 300 people will be hired in Chicago in the next year or so. Most of these jobs will be sales positions.
Jeremy Stoppelman, the co-founder and CEO of Yelp, says that this vibrant metropolis is an ideal location to source talented new employees and to connect with even more great local businesses. He says Chicago’s history as a leader in innovation and supporter of small-business and tech-industry growth fits seamlessly with Yelp’s initiatives. Yelp, he asserts, is excited to build a home in Chicago with its seventh office.
According to the Fresno Bee, Yelp makes its money from advertisements on its web site and its app. Many of the ads are from the local businesses that users are reviewing. Those review are of many types of businesses, including restaurants, bars, bakeries, hair salons, mechanics, dentists, and hospitals.
Besides the upcoming Chicago office and its flagship location in San Francisco, Yelp has offices in Scottsdale, Arizona; New York City; London; Dublin; and Hamburg, Germany. Online, the company is growing rapidly as well. Last quarter, Yelp had a monthly average of 138 million unique visitors. In July, the company reported its first quarterly profit since its stock began trading two years ago.
Chicago Mayor Rahm Emanuel took the news as an opportunity to stroke his city. He said that companies like Yelp choose to locate in Chicago because of the investments that are made in creating a world-class workforce. He said that Yelp is an exciting company that has become globally recognized for supporting local businesses and the backbone of Chicago’s economy. The mayor welcomes Yelp to the Windy City.