The old site is in an area of the city less chic than the West Loop office tower. But the new site increases “your odds of recruiting the type of talent that would be looking at other companies that are already established downtown.”
What is this all about? The shape of the office space? Or is the Ravenswood neighborhood not fancy enough for the Newark Co.’s self-image? Does this qualify as being worth $1 million to the people of Illinois? What does it mean for the Ravenswood area?
Do we in Indiana subsidize the movement of companies for similar reasons or to gratify the egos of corporate leadership? I don’t want to believe it.
Morton J. Marcus is an economist, writer and speaker formerly with the Kelley School of Business at Indiana University. He can be reached at firstname.lastname@example.org.