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2 Wants To Know: Is An Empty Building Drawing Big Businesses?

6:22 PM, Nov 20, 2012   |    comments
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Greensboro, NC -- An empty and vacant building in a city, seems to be a curse, not a blessing. It seems that's changed as unfilled buildings are drawing big businesses into the bare structure.

The people that get the word out about the empty buildings are called "Economic Development Groups." This includes:

  • State and/or local politicians and city leaders
  • Commercial real estate developers
  • Partnership groups (ex. Piedmont Triad Partnership)

"I go out to different cities. I meet with site selection reps or meet with the companies themselves. And try to sell them on the positives of this region," said Matt Harrington, Piedmont Partnership.

News 2 is told, that they try to match what is available here in the Triad with what a company needs. The existing empty buildings are a big carrot to wave at a company looking to relocate or expand.

"So, every building that has a vacant space...can be used to promote our city and hopefully gain those jobs that we've lost and even more," said Harrington.

The deciding factors for companies to move:

  • Is there an existing building that meets their needs?
  • Are their incentives, tax breaks, leasing discounts, etc. on the table?
  • Is their recruiting city conveniently located to a labor force and in a desirable part of the country?
  • Is this location close to interstates and airports?

This comes after news that Herbalife is considering a move between Greensboro's old Dell building and Atlanta. If the company chooses Atlanta, it is believed they might have to build from scratch.

WFMY News 2.

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