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Think about the fact that office space and it's maintenance are the second largest overhead after personell, and these companies want that overhead back. What i
by friend_and_foe 3y ago
Think about the fact that office space and it's maintenance are the second largest overhead after personell, and these companies want that overhead back. What is it worth to them? I'd say a big part of it is inertia, they have leases and procedures presuming physical presence and what not, I'd be willing to bet some governments are leaning on the biggest ones to prevent a collapse of the commercial real estate market (this is big business, pensions rely on it, this is a systemic risk) and then there's the control. All in all I'd say if you let the first 2 shake out by staying the course, the third one won't seem as appealing, but shaking them out is a very painful process.
- wil421 3y agoState, county, and city tax breaks. Here’s an article about a company I used to work for and the associated tax breaks from the City of Atlanta government. I don’t believe the article includes any sort of state tax breaks they were given when they moved the HQ from Dayton to Metro Atlanta. Not to mention being in the office is more about Management controlling and observing. https://www.ajc.com/business/incentive-package-for-ncr-could-rise-45m/yZbxoMF5pAwdP14dUcEmxI/ https://www.ajc.com/business/incentive-package-for-ncr-could...