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Why Corporate America is Leaving the Suburbs | The New York Times

Companies are leaving the suburbs for downtown.

Corporate America is changing.  Companies like General Electric and McDonalds are joining a long list of companies that are leaving the suburbs and returning to the city.  Cities provide tax incentives and young people want to live and work in the city.  The structure of companies is changing as well.  The executive offices may be in the city, but various other departments of the company may be in different other states or other countries.    States compete for companies to locate there by offering tax incentives.

Where you work matters.

Employees want to work in an energetic, vibrant and diverse atmosphere. Motorola Solutions executives will be locating 1,100 employees in downtown Chicago.  The response to job postings for positions located downtown are much higher than those located in suburban areas.

Advance communication tools are making it easier for headquarters and other corporate functions to be in separate locations.  Corporations also encourage employees to use public transit because corporations with downtown locations have eliminated parking lots and security gates.

Other corporations attempt to have an urban atmosphere in a suburban location to be avoid the cost of moving.

READ MORE: Why Corporate America Is Leaving the Suburbs for the City

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