Top Metropolitan Areas for Corporate Relocation

Houston, now the fastest-growing economy in North American according to Site Selection Magazine, has more corporate real estate projects than any other city in the United States. The greater metropolitan area secured some 195 corporate facility expansion projects, making it the leading corporate growth area according to a new study from the Brookings Institute. This top ranking among other very large and growing metropolitan areas confirms what many corporate executives already know, that Houston is a great location for growing business.

Other growing metropolitan areas with over a million in population include Chicago, Pittsburgh, Dallas/Fort Worth and New York. It’s no real surprise that Texas has two of the top five large cities for corporate relocation, as business owners site the low state taxes and cheap cost of living as important factors for a thriving corporate environment. Many companies are considering cheap domestic corporate relocation instead of Asia because of this.

Large metropolitan areas aren’t’ the only places that are seeing corporate growth. Communities with populations under 200,000 are also seeing the benefits of corporate relocation. Towns like Decatur in Alabama, Springfield in Ohio and Williamsport in Pennsylvania are among the top three towns under 200k to see tremendous growth in the corporate sector. Businesses make the decision to move to these smaller communities for a wide variety of reasons that may include factors such as close connections to the community and a more intimate work force.

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