COVID-19 Impact: Suburbs & Mid-size Cities are in
COVID-19 Impact: Suburbs & Mid-size Cities are in
June 15, 2020Suburban areas and mid-size cities, followed by rural areas, will be the biggest winners of new corporate expansions and relocations, with large urban areas falling to the bottom of the list, according to a Site Selectors Guild survey on the impact of COVID-19.
Conducted the week of June 29, 2020 in partnership with Development Counsellors International (DCI), the online survey of Guild members aimed to uncover changes and new trends in corporate location strategy brought on by the COVID-19 crisis. The COVID-19 impact survey of Guild members was the second of its kind, with the first conducted in April 2020.
Download or view more details below, and read more in our press release.
Suburbs and mid-size cities will be the next winners for corporate location projects
Top mid-size cities for new location or expansion projects
61% of Guild members say companies are moving forward with site selection projects
69% say the majority of project activity will resume in 2021
Food and beverage processing emerges as hot industry, biotech and manufacturing activity hold strong
Economic developers should begin shifting focus back to business attraction
When asked about priorities for EDOs – on a scale from 1 (not a priority) to 5 (high priority) – Guild members rated business attraction at 3.6, a strong increase from the rating of 2.9 in April 2020.
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