The following is an excerpt from Beth Braverman | December 15, 2015 | Thefiscaltimes.com |
Toyota North America made a big announcement in April 2014: It would move its corporate headquarters from Torrance, Calif., to Plano, Texas over a period of a few years.
The move was expected to save the company money, but Toyota said at the time that the relocation was about bringing together its different divisions to foster a more collaborative and efficient workplace, and putting the company closer to its manufacturing base in southern states.
There was another big factor, too: “It was really about affordable housing,” Albert Niemi, dean of the Southern Methodist University Cox School of Business said recently, according to the Dallas Business Journal. Niemi reportedly has inside knowledge of the move. “That’s what started the conversation. They had focus groups with their employees. Their people said, ‘We’re willing to move. We just want to live the American Dream.”
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