The Core Values: Why American Companies are Moving Downtown report, released on June 18, 2015, provides in-depth analysis of a powerful trend of companies investing in urban downtowns.
"Hundreds of companies across the United States are moving to and investing in walkable downtown locations," according to a post on the Smart Growth America website announcing the releases of the Core Values: Why American Companies are Moving Downtown [pdf].
The report addresses questions like: "Why are companies choosing these places? What are the competitive advantages they see in these locations? And what features do they look for when choosing a new location?"
To generate the report, Smart Growth America examines nearly 500 companies that moved to cities between 2010 and 2015. Three findings emerge from the trend: 1) an "enormous diversity" of businesses are moving to downtowns, 2) relocations have taken multiple forms (e.g., relocations, expansions, consolidations, etc.), and 3) new locations are "dramatically more walkable."
A key takeaway from the report: that cities can learn from the decision making process of companies as they choose to locate in more urban areas and create places that set the stage for even more economic development in downtown locations.
Read the full story: Core Values: Why American Companies are Moving Downtown
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