Businesses grow in cities, decline outside of it
At least that’s the conclusion of Dr. Virginia Carlson, associate professor at the Dept. of Urban Planning, Univ. of Wisconsin-Milwaukee, based on her World Business Chicago studies and experience.
In Chicago, when businesses are growing they seek the best sources of talent, riskier financial capital, energy, wi-fi, and meeting spaces (cafes), and that she says, is in city centers. When they start to decline, which most businesses eventually do, they seek cheaper rent in the suburbs. So,
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