35th Annual Survey of Corporate Executives Commentary: Labor Costs, Taxes/Incentives, Quality of Life Taking Priority
According to the survey results, companies have become increasingly cost-conscious and are also placing a higher value on quality of life and place.
Q1 2021
As cost savings become more important to many of our clients, they’re looking beyond just labor cost savings to better understand the tax impacts and incentives opportunities in new geographies. We’re being asked to understand the impacts that HQ relocations may have on tax burdens in a way that wasn’t happening just one year ago.
Finally, particularly for our clients in the tech industry, “quality of life” and “quality of place” are rising up in the hierarchy of factors we’re evaluating as part of a location strategy. While they’re not as highly weighted as talent availability and cost, they are seen as an indicator of whether the new location will be a match with the company’s existing corporate culture and values. It’s also seen as an opportunity to understand the attractiveness of the potential new location for the voluntary relocation of existing employees who will be a critical driver of the initial success of a new office location.
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
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