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Dealing with the loss of a corporate HQ.

Publication: Mississippi Business Journal
Publication Date: 30-JAN-06 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Dealing with the loss of a corporate HQ.(From the Ground Up)

Article Excerpt
The loss of any business can be difficult for a community, but when the loss is that of a corporate headquarters the effects can be especially onerous.

As I see it, there are seven negative effects that can occur when a corporate headquarters becomes a branch office or disappears altogether.

These seven negative effects are:

* a loss of pride;

* less charitable giving;

* less community involvement;

* less leadership available for community organizations;

* less local spending;

* less money on deposit in local banks; and

* fewer employees.

In today's unmerciful, competitive business environment it is not unusual to see mergers and acquisitions or business failures that result in the closing or restructuring of a corporate headquarters. Sure, local plants or...

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