Despite taking up little land in a metro area, mixed-use, walkable centers have an outsized and regionally significant impact on the local economy.
Members of the 2017 Ohio Transportation Leadership Academy recently completed the third workshop of the Ohio Transportation Academy. Hosted by GOPC and Transportation for America (T4A), the workshop brought together public, private, and nonprofit leaders from Cincinnati, Delaware, Toledo, Lorain, Cleveland, and Akron.
Hundreds of American companies see unique competitive advantages to being located in a walkable downtown neighborhood. These locations are helping companies attract and retain talented workers, build their brand and corporate identity, support creative collaboration, be closer to partners, consolidate operations, and support triple-bottom line business outcomes. Core Values: Why American Companies are Moving Downtown is a new report out today from Smart Growth America in partnership with Cushman & Wakefield and the George Washington University School of Business’ Center for Real Estate and Urban Analysis. The report surveys nearly 500 companies that have moved to or expanded in walkable downtowns over the past five years, as well as interviews with 45 senior-level staff at those companies. The report sheds light on why these companies chose a walkable downtown and what they looked for when making their decision.
“These companies chose a walkable downtown location to help them better compete for talent and resources,” said Geoff Anderson, President and CEO of Smart Growth America. “That tells us two things. First, that creating these kinds of places is a crucial economic development strategy for cities. And second, that companies which haven’t considered a walkable location may be at risk of falling behind.”
In addition to explaining the reasons why they moved downtown, company leaders also outlined what they looked for when choosing a new location. Many interviewees said they wanted their offices to be close to restaurants, shops, and entertainment options, and accessible by a variety of transportation options. Great office space was another important factor. A warm welcome on the part of the city, and a clean and safe environment were also influential factors when deciding where to move.
The report’s survey includes 53 companies from Ohio, including General Electric, BrownFlynn, Dakota Software, Nationwide and Deloitte. These are just some of the many companies that have moved to walkable downtowns in the state in recent years.
The full report, along with a full list of companies included in this survey and an interactive map showing where they moved, is available on Smart Growth America’s website at www.smartgrowthamerica.org/core-values.
Smart Growth America is the only national organization dedicated to researching, advocating for and leading coalitions to bring better development to more communities nationwide. From providing more sidewalks to ensuring more homes are built near public transportation or that productive farms remain a part of our communities, smart growth helps make sure people across the nation can live in great neighborhoods. Learn more at www.smartgrowthamerica.org.
Over the past five years, hundreds of companies across the United States have moved to and invested in walkable downtowns. Why did companies choose these places? And what features did they look for when picking a new location? On June 18, national non-profit Smart Growth America will release new research that seeks to answer both these questions. "Core Values: Why American Companies are Moving Downtown" surveys nearly 500 companies that have moved to or invested in walkable downtowns over the past five years, and includes interviews with more than 40 senior-level staff at those companies. There are 53 companies in Ohio’s urban cores included in the analysis, including General Electric, BrownFlynn, Dakota Software, Nationwide and Deloitte. Ohio metropolitan areas mentioned in the report include Cincinnati, Cleveland, Columbus, Dayton and Toledo.
As part of the launch of this new research, Smart Growth America will hold a kickoff panel discussion in Washington, DC. The event will be livestreamed on the web, and you can watch it as it happens on Thursday, June 18, 2015 starting at 9:00 AM EDT. Register to join:
Joining the panel will be Geoff Anderson, President and CEO of Smart Growth America; Paula Munger, Director of Business Line Research and Brian Dawson, Senior Managing Director and Market Leader for the Washington, DC region for Cushman & Wakefield; Michael Deemer, Executive Vice President, Business Development at the Downtown Cleveland Alliance; Mark Fisher, Vice President of Government Relations and Policy Development for the Indianapolis Chamber of Commerce; Brad Lacy, President & Chief Executive Officer of the Conway, AR Chamber of Commerce; Jim Reilly, Vice President, Corporate Communications at Panasonic; and Amy Ronneberg, Chief Financial Officer at Be the Match.
The conversation in the report as well as on the panel will provide an overview of why these companies chose to move downtown, and what they looked for when considering a new location. The event will also provide ideas for cities about how they can create the kinds of places these companies seek.
Have questions for the panelists ahead of time? Tweet them to @SmartGrowthUSA or use the hashtag #CoreValues.
We hope you’ll join us for the live event on June 18.