Local governments are pushing companies to move from large cities to regional locations.    What are the benefits and drawbacks of this?

In the contemporary world, the evolution of digitalization played a vital role in the ease of communication.

This

has led to several changes in our lifestyles - both personal and professional. Whilst there are some proponents who want to push

companies

to regional

locations

instead

of large

cities

, some opponents think

otherwise

.

This

essay will discuss both views. One of the major benefits of the smaller

cities

hosting

offices

is its operational cost.

In other words

, owing to huge demand and cost of living, running expenses

such

as rental, salary and utility bills will be more in big

cities

.

Moreover

, with the advent of the internet and telecommunications in all

locations

, small

cities

are considered knowledge hubs. Unlike olden days, the educated class need not go to

cities

searching for a job,

,

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instead

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companies

are willing to come in search of them.

For instance

, post-COVID, IT

companies

in India started launching nuclear

offices

in medium-scale

cities

, thereby reducing running expenses.

On the other hand

, major multinational

companies

, with frequent visitors from abroad cannot move to remote

locations

, due to limited travel options.

In addition

, multicultural interaction will be restricted if the

companies

move into regional

locations

. Having

offices

in major

cities

is a matter of great prestige and will provide equal opportunities to people from everyone.

For instance

, there are a plethora of

companies

with headquarters in New York,

although

their big

offices

will be in cheaper areas. The address adds value to the company to attract clients. In conclusion, decisions on office sites must be taken by authorities comprising town and city planners and company stakeholders, by considering the corporate objectives.