Corporate America Heads Downtown
by Elyse Umlauf
It’s not just residents who want to be in walkable, downtown neighborhoods. Companies, too, want to be there.
Their reasons include access to talented workers, opportunities for collaboration, and a chance to invest in a city’s renaissance. That’s according to a Smart Growth America report, Core Values: Why American Companies are Moving Downtown.
It identified nearly 500 companies that moved to cities between 2010 and 2015 and interviewed more than 40 to better understand the trend. When looking for your next dream home, as yourself “Where is work? Do I have to drive there?” The answer – and your chances to consider a commute that’s easier on your resources and the environment – may surprise you.
Industries of all kinds are taking to cities. Primary groups include professional, scientific, and technical services, followed by finance and information companies. The idea of accessibility and proximity doesn’t just apply to individuals anymore.
For more information on the topic, check out the Smart Growth America Report of the report from the US Surgeon General, Step It Up! Everyone Can Help Make Our Communities More Walkable.