The Loop is Chicago's central business district and one of the city's 77 municipally recognized community areas. Located at the center of downtown Chicago on the shores of Lake Michigan, it is the second-largest business district in North America, after Midtown Manhattan in New York City. It contains the world headquarters and regional offices of several global and national businesses, retail establishments, restaurants, hotels, museums, theaters, and libraries—as well as many of Chicago's most famous attractions. The district also hosts Chicago's City Hall, the seat of Cook County, offices of the state of Illinois, United States federal offices, and several foreign consulates. The intersection of State Street and Madison Street in the Loop is the origin point for the address system on Chicago's street grid, a grid system that has been adopted by numerous cities worldwide.