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36
STRATEGY

Location

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59 cities and 29 states are represented on the 2007 Inner City 100.

Most Represented Cities:

  1. Detroit - 6

  2. Boston - 5

  3. Oakland - 4
    Washington - 4

Most Represented States:

  1. California - 12

  2. Texas - 10

  3. Massachusetts - 8

  4. New York - 6
    Michigan - 6

  5. Florida - 5
    Pennsylvania - 5
    Missouri - 5

Primary Reasons for Selecting Inner City Location:

  • 53% - Commitment to city / community

  • 46% - Access to downtown / customers

  • 41% - Access to workforce

  • 39% - Low cost of real estate

Advantages of Inner City Location:

  • 59% of CEOs said that a main competitive disadvantage of their inner city location was the effects of the perception of crime (as opposed to 26% who reported actual crime as a problem).

  • Access and proximity to transportation nodes, diversity of workforce, and workforce availability were each cited as a main competitive advantage by 40% of CEOs.

Disadvantages of Inner City Location:

  • 59% of CEOs said that a main competitive disadvantage of their inner city location was the effects of the perception of crime (as opposed to 26% who reported actual crime as a problem).

  • 34% cited regulation and taxes as a disadvantage.

  • 30% reported recruiting qualified employees as a disadvantage.

  • Cost of land and real estate and availability of land and real estate were mentioned as disadvantages 17% and 14% of the time respectively.

City Government:

  • In rating their business relations with city government on a scale of 1 to 7 (1 = good, 7 = bad), cities scored well above average for promoting/representing their cities as a place of opportunity for business, availability of public business resource tools and available centralized information on local economic conditions, business opportunities and real estate. However, governments got lower marks for the ease and efficiency of the zoning process and getting permits.

More Inner City 100 Numbers:

Last updated: May 23, 2007




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