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View Poll Results: Where?
New York City 16 3.10%
Greater Boston 32 6.20%
Philly 38 7.36%
DC/N. Virginia 50 9.69%
Raleigh/NC Research Triangle 32 6.20%
Austin 48 9.30%
San Francisco/Bay Area/Silicon Valley 13 2.52%
Baltimore 11 2.13%
Toronto 33 6.40%
Pittsburgh 35 6.78%
Chicago 99 19.19%
Atlanta 109 21.12%
Voters: 516. You may not vote on this poll

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Old 09-11-2017, 07:19 PM
 
7,906 posts, read 4,902,573 times
Reputation: 4101

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Quote:
Originally Posted by Justabystander View Post
Sorry that wasn't clear, yes HQ2. Everyone has an opinion on this subject given the job impact on the city that will win the "race", most opinions based on where they are from in a homer type of way. I am rooting for Chicago in the same way, and am really trying step outside of my shoes to see it objectively, and have a hard time seeing and understanding the reasons behind some of the votes. There is one Seattle company who did all the logistics in the past on this, and chose Chicago. That company is Boeing, and with all the talk about airports, the ability of a Seattle Company with significant need to travel to Seattle and overseas, is tried and true by Boeing with the city of Chicago.

it looks like the polls are a horserace between Atlanta and Chicago. I am not getting the Atlanta thing over Chicago though, and am trying. As far as airports, O'hare and Hartsfield are pretty even traffic wise, and Chicago also has Midway as an alternative. On education, Chicago has more prestigious schools ( University of Chicago and Northwestern ) along with being the magnet of the Big 10. True Atlanta has Georgia Tech and Emory, but they are not equal. As far as transportation, Marta in no way equals the el system or the Metra system in Chicago, and Chicago has current options like the old post office that would perfectly fit Amazon's needs.

The cost of living is equal to Atlanta, and Chicago has a far bigger metro to draw talent from. With all the talk on HQs in Atlanta, Chicago was ranked first in corporate expansion for the last 4 years, Chicago is an Alpha world class city where Atlanta is not, and is closer to Seattle and much of the east coast and Midwest than Atlanta. What am I missing?
Chicago and Illinois are fiscal time bombs.

<<Experts cite the state's political dysfunction, pension liabilities and taxes as key shortcomings in attracting big employers.>>

Chicago will bid for Amazon&apos;s second headquarters &mdash; and its 50,000 jobs - Chicago Tribune

<< For all other considerations, Chicago would be an attractive destination. But the city and state are broke.>>

It's unlikely Amazon will want to buy into a fiscal mess that perhaps tops Detroit with no resolution on the horizon.

Just this summer:

<<Illinois' bruising two-year run without a state budget is over, but business leaders are left feeling they got the short end of the stick: higher taxes with virtually none of the regulatory and political changes they sought.The $36.1 billion budget plan increases the corporate income tax rate to 7 percent from 5.25 percent and the personal rate to 4.95 percent from 3.75 percent....

While the fiscal stability is welcome, some business leaders say they lost out because the budget does not address their long-standing concerns about rising property taxes and the high cost of workers' compensation insurance....

While the corporate tax rate will be 7 percent, the effective rate will be 9.5 percent because of an additional 2.5 percent state tax unique to Illinois, called the personal property replacement tax. That revenue flows to local governments, which can't impose business income taxes of their own. At 9.5 percent, Illinois will have the fourth-highest corporate tax rate in the nation, after Iowa, Pennsylvania and Minnesota, according to the Tax Foundation, an independent tax policy organization....

The new budget averts further meltdown, but Illinois' fiscal health remains dire.
Moody's Investors Services, which several weeks ago gave Illinois the lowest bond rating on record for a state, warned in a note Wednesday that it was considering downgrading Illinois' credit rating to junk because the budget plan may fall short of addressing the underlying financial problems, including massively underfunded public pensions and a nearly $15 billion backlog of unpaid bills. [Emphasis added.]

>>

http://www.chicagotribune.com/busine...706-story.html

I would be shocked to see Amazon relocate to a state that didn't pay its bills for several years. The pension liabilities remain huge for both Illinois and Chicago. Why would any corporation relocate to a fiscal swamp?

Last edited by WRnative; 09-11-2017 at 07:34 PM..

 
Old 09-11-2017, 07:30 PM
 
1,027 posts, read 1,242,641 times
Reputation: 2156
Quote:
Originally Posted by WRnative View Post
Chicago and Illinois are fiscal time bombs.

<<Experts cite the state's political dysfunction, pension liabilities and taxes as key shortcomings in attracting big employers.>>

Chicago will bid for Amazon&apos;s second headquarters &mdash; and its 50,000 jobs - Chicago Tribune

<< For all other considerations, Chicago would be an attractive destination. But the city and state are broke.>>

It's unlikely Amazon will want to buy into a fiscal mess that perhaps tops Detroit with no resolution on the horizon.

Did you read the entire article from the Tribune including all the HQs moving to Chicago? Talk about cherry picking, you picked the one sentence out of the whole article. Doom and gloom has not stopped corporate relocations such as Conagra or a downtown building boom.
 
Old 09-11-2017, 08:08 PM
 
3,248 posts, read 1,573,660 times
Reputation: 2375
Quote:
Originally Posted by Justabystander View Post
Did you read the entire article from the Tribune including all the HQs moving to Chicago? Talk about cherry picking, you picked the one sentence out of the whole article. Doom and gloom has not stopped corporate relocations such as Conagra or a downtown building boom.
Yes ... Windy City leading the nation when it comes to the number of residential construction cranes in the air, AT 54.
--- high-rises to Skyscrapers it's perhaps no surprise that the list of active Chicago high-rise projects keeps growing larger.
Showing pictures of all 54.

https://chicago.curbed.com/maps/chic...nstruction-map

Chicago metro area saw 350 corporate expansions and relocations last year. This activity translates to $2.8 billion in new investment and 14,000 jobs created, World Business Chicago reports. Major corporate relocations or expansions last year include new Chicago offices for companies like Mars Wrigley, McDonald’s, Wilson Sporting Goods, and Motorola Solutions.

https://www.bisnow.com/chicago/news/...ght-year-71695

Chicago Ranked Top Corporate Metro for Fourth Consecutive Year

2016 Project Rankings....

#1 Chicago-Naperville-Elgin -------------- 424
#2 Dallas-Ft Worth-Arlington ------------- 231
#3 Houston-the Woodland's-Sugarland -- 210
 
Old 09-11-2017, 09:02 PM
 
Location: Albuquerque, NM
706 posts, read 516,152 times
Reputation: 407
Next door to the original.
 
Old 09-11-2017, 09:59 PM
 
1,594 posts, read 2,026,754 times
Reputation: 3374
Dallas, Atlanta, or Miami are my guesses.
 
Old 09-11-2017, 10:15 PM
 
2,043 posts, read 1,035,260 times
Reputation: 2698
Quote:
Originally Posted by new2colo View Post
Dallas, Atlanta, or Miami are my guesses.
Honestly, IMO, I doubt they would build in an area, where their facilities could be wiped out by a hurricane. I might be wrong, but I would not expect them to locate in Miami.
 
Old 09-11-2017, 11:27 PM
 
4,522 posts, read 2,693,730 times
Reputation: 4134
My god, that "corporate expansion" list. More clickbait for people who have nothing to do with actual corporate expansions.

I've never seen a worse POS than that list. Even GAWC has some basis as badly misinterpreted as it is. The "corporate expansion" list makes no sense on any level.
 
Old 09-11-2017, 11:59 PM
 
Location: Washington State desert
5,629 posts, read 3,743,160 times
Reputation: 4188
Back to Austin. As I mentioned earlier, this is the leading contender.
 
Old 09-12-2017, 03:54 AM
 
7,906 posts, read 4,902,573 times
Reputation: 4101
Quote:
Originally Posted by Justabystander View Post
Did you read the entire article from the Tribune including all the HQs moving to Chicago? Talk about cherry picking, you picked the one sentence out of the whole article. Doom and gloom has not stopped corporate relocations such as Conagra or a downtown building boom.
I can't help the fact that the Tribune in the article buried the most significant negative reason for Amazon to avoid Illinois and Chicago.

The fiscal crises in Chicago and Illinois already are negatively impacting services such as education.

Other articles have been more direct.

Why would any astute corporation make a major investment in a state that didn't pay its bills and ran up accounts payable of $15 billion??? The state will borrow $6 billion to pay only a portion of these unpaid bills.

Illinois comptroller urges state to tackle massive backlog of unpaid bills | Fox Business

Research Illinois and Chicago pension liabilities, and the situation is terrifying.

Who would want to do business with such an entity?

This isn't "doom and gloom" bashing, it's a pathetic reality.
 
Old 09-12-2017, 04:48 AM
 
3,248 posts, read 1,573,660 times
Reputation: 2375
Quote:
Originally Posted by WRnative View Post
I can't help the fact that the Tribune in the article buried the most significant negative reason for Amazon to avoid Illinois and Chicago.

The fiscal crises in Chicago and Illinois already are negatively impacting services such as education.

Other articles have been more direct.

Why would any astute corporation make a major investment in a state that didn't pay its bills and ran up accounts payable of $15 billion??? The state will borrow $6 billion to pay only a portion of these unpaid bills.

Illinois comptroller urges state to tackle massive backlog of unpaid bills | Fox Business

Research Illinois and Chicago pension liabilities, and the situation is terrifying.

Who would want to do business with such an entity?

This isn't "doom and gloom" bashing, it's a pathetic reality.
It's simply noting that CORPORATE AMERICA ----> has not abandoned the Core of Chicago. Its ADDING TO IT. The Tribune has PLENTY of articles CRITICAL of the political issues there. But not unique to this city and state...... but is certainly the worst in pension debts even sunbelt cities have today even in Texas. .

NYC's is astronomical.... but its wealth can still better sustain it. Its just being FAIR AND BALANCED to give where CHICAGO STILL IS A VERY VIABLE CANDIDATE FOR AMAZON.

Some mere dismiss it orally politically. Even Trump say fit to (originally) build a new tallest building there. That got scaled back under 100-stories after 9 11. A 2000-story one had its foundation in then the crash ended its rise. Trump tower was too far along to end. These international in esters still saw Chicago worthy of investment as its Core clearly is still showing. Chicago did land Boeing's headquarters in 2001 also. Amazon's is simply a second one.

Everything need not go to the sunbelt today....
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