Boeing moves headquarters out of Chicago as city struggles with crime

Boeing Co.’s decision to leave Chicago is the latest blow to a U.S. city that already has seen its once-mighty economy battered by Covid-19 and crime.

The planemaker said Thursday that it will shift its headquarters to Arlington, Virginia, from Chicago, a move that would put Boeing near federal government decision-makers in Washington.

Chicago, the nation’s third-most populous city, has seen a rise in crime that prompted its richest resident, Citadel founder Ken Griffin, to say he’s likely to move his $38 billion hedge fund elsewhere. Chicago’s Magnificent Mile and State Street shopping districts, along with many restaurants in the downtown Loop, have yet to recover from the pandemic. Even the National Football League’s Bears franchise is considering an exit to the suburbs.

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