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Headquarters Research and Implications for Local Development

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  • William A. Testa

    (Federal Reserve Bank of Chicago)

Abstract

Drawing from both the professional literature and from a conference held at the Federal Reserve Bank of Chicago in 2004, the author summarizes findings and draws implications concerning the locational tendencies of stand-alone headquarters operations. In the United States, the geography of large company headquarters is becoming more dispersed toward medium-sized metropolitan areas even as the headquarters needs for urban infrastructure and amenities continue to sharpen. The location of the firm’s branch plant locations will be critical for many headquarters, so developing a strategy focused on a region’s own industry specializations should be considered. So too, as the organizational structure of firms becomes more complex and globally dispersed, many specialized establishments can be found under the same umbrella, making it imperative for local development practitioners to determine their region’s functional niche.

Suggested Citation

  • William A. Testa, 2006. "Headquarters Research and Implications for Local Development," Economic Development Quarterly, , vol. 20(2), pages 111-116, May.
  • Handle: RePEc:sae:ecdequ:v:20:y:2006:i:2:p:111-116
    DOI: 10.1177/0891242406286270
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    References listed on IDEAS

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    1. Gerald A. Carlino, 2001. "Knowledge spillovers: cities' role in the new economy," Business Review, Federal Reserve Bank of Philadelphia, issue Q4, pages 17-26.
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    4. Thomas H. Klier & William A. Testa, 2002. "Location trends of large company headquarters during the 1990s," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q II), pages 12-26.
    5. Tyler Diacon & Thomas H. Klier, 2003. "Where the headquarters are – evidence from large public companies 1990-2000," Working Paper Series WP-03-35, Federal Reserve Bank of Chicago.
    6. Susan Walcott, 2001. "Growing Global: Learning Locations in the Life Sciences," Growth and Change, Wiley Blackwell, vol. 32(4), pages 511-532.
    7. Robert DeYoung & Thomas H. Klier, 2004. "Why Bank One left Chicago: One piece in a bigger puzzle," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Apr.
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    Cited by:

    1. Matthew Tonts & Michael Taylor, 2010. "Corporate Location, Concentration and Performance: Large Company Headquarters in the Australian Urban System," Urban Studies, Urban Studies Journal Limited, vol. 47(12), pages 2641-2664, November.
    2. Yi Wang & Yingming Zhu & Maojun Yu, 2023. "Identification of the most suitable areas for the development of headquarters economy in China: a theoretical framework and empirical case study," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(10), pages 11487-11515, October.
    3. David A. Fleming & Stephan J. Goetz, 2011. "Does Local Firm Ownership Matter?," Economic Development Quarterly, , vol. 25(3), pages 277-281, August.
    4. Coulson, N. Edward & Liu, Crocker H. & Villupuram, Sriram V., 2013. "Urban economic base as a catalyst for movements in real estate prices," Regional Science and Urban Economics, Elsevier, vol. 43(6), pages 1023-1040.

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    Keywords

    headquarters; firm site;

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