McDonald's Returns To Chicago Searching For Millennials Despite City Troubles
Bloomberg's Tim Jones reported on McDonald's Corporation (NYSE: MCD) return to Chicago amid the city's struggling financial troubles. As pension debt tops $20 billion and murder rates sky rocket 50 percent this year, McDonald's entrance is initially surprising.
"The world's largest fast-food chain is joining a parade of companies creating an island of prosperity amid urban dysfunction," said Jones.
McDonald's isn't the only one moving its headquarters to the city.
"Corporations including Motorola Solutions Inc. (NYSE: MSI), Kraft Heinz Co. (NYSE: HNZ) and ConAgra Foods Inc. are moving their headquarters or major offices into Chicago," wrote Jones. He said companies were moving to the city because they have workforce demands that require millennials "who, nationwide, are moving into cities."
"The decision is a boost for Chicago, which could use one after a series of reversals," said Jones.
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