MWC’s Chris Lloyd Offers Insights in WSJ ‘Future of Work’ Series

In comments for a Feb. 9, 2022, article in The Wall Street Journal’s “Future of Work” series, McGuireWoods Consulting senior vice president and director of infrastructure and economic development Chris Lloyd reflected on what companies need to consider when deciding where to build their headquarters.

Chris, who also chairs the Site Selectors Guild, noted the importance of local culture and nightlife in site selection decisions. “People want more than just a place to work,” he said. Today’s competitive labor market forces companies to work harder to keep employees and attract new talent. Cities that promote a work-life balance have a leg up on the competition.

Chris noted that the growth of self-driving electric cars and other technologies also weighs on corporate clients’ minds as they make location decisions.