Why Corporate America Is Leaving the Suburbs for the City - News Summed Up

Why Corporate America Is Leaving the Suburbs for the City


Advertisement Continue reading the main story“The elite functions are going downtown,” Mr. Kotkin said. “But at the same time, middle-management jobs are moving to the suburbs in places like Dallas, if they’re not leaving the country entirely.”In Wilmington, local shopkeepers were elated that Chemours decided not to follow its former corporate parent, DuPont, to the suburbs. Unlike many other corporate migrants, the company did not receive any financial incentives to move, Mr. Brown said. “No disrespect to Schaumburg, but customers and new hires didn’t want to come to the suburbs an hour outside of Chicago. With advanced communications tools making it easier than ever to separate headquarters from other corporate operations, location is increasingly being driven by function.


Source: New York Times August 02, 2016 00:30 UTC



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