Business Exodus Continues: China’s Cofco Has Enough With Crime-Ridden Downtown Chicago

Business Exodus Continues: China’s Cofco Has Enough With Crime-Ridden Downtown Chicago:

Out-of-control violent crime across downtown Chicago has forced Cofco International Ltd., the trading arm of China’s largest food company, to shift operations outside the metro area to safer suburbs.

Bloomberg spoke with those familiar with the plans to relocate Cofco outside the metro area. They said the move is primarily due to “persistent crime.”

The agricultural commodities trader is planning to move to Oak Brook from the Loop, Chicago’s central business district.

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