We live in an era of transient culture and globalization in which relocation is a common practice in many parts of the world. There are a variety of reasons that people move due to both personal and professional opportunities. The following details just a few of the major reasons that people decide to relocate and settle down in a new area.
Moving for personal reasons is never easy. This type of relocation is not something to embark on hastily.
Sometimes people relocate for their families. Maybe you would rather raise your kids in a large home in the suburbs near their grandparents instead of in a small apartment in the city. In some cases, an illness or family emergency spurs a relocation so that you can spend time with a loved one during their final years.
A personal move may revolve around a need to improve quality of life. Quality of life can include anything from highly rated schools to safe neighborhoods. You must be honest about your needs and preferences. Be sure to choose an area that suits you and your family best.
It is not uncommon for a business to require employees to relocate to a new location. Even when the move is across town, instead of across the country, some people may still decide to move to avoid long commute times. When you move for a job, your personal life is also impacted, which may influence your decision to relocate for a company.
In order to cover staffing demands, sometimes a company reassigns select employees to new company locations. Staff members may start working out of a new facility across town or may be picking up and relocating their families across the country. In many instances, a company will cover moving expenses as well as other costs associated with the move. These other costs can include hotel stays in the new area while looking for housing. Depending on the nature of the move, a company may also cover counseling fees to help employees during a difficult transition.
Other times, an individual may decide to seek out new job possibilities in another area of a country. Whether you’re unable to go further in your current job or you’re simply ready for a change, relocating for a new job may provide access to better opportunities. As you consider varying job positions, consider the local culture, cost of living, transportation options, and access to amenities.
Deciding to relocate an entire company is never an easy decision. However, the move may offer quite a few benefits. Sometimes companies opt to move to follow or seize current market trends to generate more leads and ultimately, increase profits. Tapping into a new market can bring a fresh customer base that is completely open to your products and services. Relocating may also lower the competition, allowing you to get ahead in ways that weren’t possible before.
Economics play a large role in a business location. Typically suburban and rural areas offer lower rents, utilities, and labor, than urban areas but may have higher supply delivery costs. You must run the numbers to ensure that in the long run, the move will be financially beneficial for the company.
Expansion may also contribute to a company relocation. As a company expands, they may outgrow an existing facility, forcing them to move into a bigger space.
La Junta Economic Development (LJED) supports business expansion and relocation in the greater Southeastern Colorado area. La Junta is a vibrant community. The area features a revitalized downtown, excellent schools, and amenities that rival larger towns. To learn more about our services, including the incentives that we offer for business relocation, give us a call at (719) 384-6965. You can also Contact Us via email.