Posted on 06/22/2020 7:14:27 PM PDT by PROCON
PHOENIX — Coronavirus pandemic or not, an investment advisory company is leaving the cultural unrest in Seattle and moving its headquarters to Phoenix’s Camelback Corridor.
” … The unrest that has taken place in the city of Seattle … there is really is not a downtown business community today,” Smead Capital Management, President and CEO Cole Smead told KTAR News 92.3 FM.
Smead said that although taxes in Seattle are lower, candidate recruitment is harder and the cost of living within the city is more expensive than Phoenix.
“We’re hearing rumors of 40-story buildings that will be only 20-percent occupied by October,” Smead said.
“My biggest concern for Seattle was what the business community is going to come back to, and what kind of businesses are going to come back for customers.”
(Excerpt) Read more at ktar.com ...
The corporate headquarters did indeed move to Chicago, but the Boeing factory, and all the people who work there and our paid handsomely for doing so, are still in Seattle.
Keep voting Democrat.
Those investment firms are nothing more that oligarchical, white-privileged institutions. Good riddance! /sarc
I wonder how many who didn’t get out of Detriot - or Germany - in time, regretted not getting out?
Comes a time = cut your loses
it’s now “CHOP’ ;
Winner winner
Winner winner
good news, so why do so many businesses stay in Minneapolis?
Phoenix is a thousand times nicer than gloomy, run-down, Leftist Seattle. Crime here is very localized to certain neighborhoods, infrastructure is new and modern, reasonably priced housing for employees is still available, and gun rights remain paramount. And there are no earthquakes or volcanoes :).
How about Stalingrad circa February 2nd, 1943.
So an investment firm moves, what, fifty employees at the most? Who really cares?
So an investment firm moves, what, fifty employees at the most? Who really cares?
Will the last person leaving Seattle, please turn out the lights.
I checked the murder rate in Phoenix against other major U.S. cities, and it isn’t “one of the highest”. It is roughly the same as places like Denver, San Antonio, Dallas. Lower than Chicago, half of Milwaukee, higher than NYC. Stay away from Van Buren and parts of Indian School Rd, and you should be okay. Accessible nearby cities are okay, too (Tempe, Scottsdale, Mesa, Gilbert, Chandler) with shorter commutes than Chicago, Philly, NYC.
The move is happening July first. I assure you it was in the works long before anyone heard of George Floyd.
Phoenix created an aggressive team that goes out and recruits business and private enterprise. I think it’s been around for about a decade now. Primary focus, as you might figure....California businesses.
They are basically selling the idea that you can have same California landscape, California weather, and save in a massive way on real estate, taxes, and cost of living. Another thing often brought up...approval of projects. What takes five to ten years to approve a facility ‘build’ in California...you can do in roughly ten days in Phoenix.
Course, I would agree with you....Phoenix is massive urban sprawl, and just terrible heat in July/August.
Except it's "what comes around goes around..."
To the tune of Okie From Muskogee?
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