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How many corporate campuses are there in the united states are there with at least 500 employees?
Hello and thank you for contacting Wonder with your question about how many corporate campuses with at least 500 employees are in the United States! The short answer to your question is dmdatabases reports 0.17 percent of businesses in the U.S. have at least 500 employees (that's a total of 17,982 firms according to the Census Bureau), and of this, more than 4,000 businesses have a corporate university. I was unable to find the number of corporate campuses (which I defined as a business with two or more buildings within walking distance of each other). Below you will find a deep dive of my research and how I came to this conclusion.
METHODOLOGY
A colleague of mine researched trends in corporate campuses and corporate universities. I attempted to find a percentage of businesses with a corporate campus, a percentage of businesses with more than one building in one location, a number of businesses with more than one building in one location, and a number of corporate campuses. All attempts were unsuccessful. However, I was able to find what percentage of businesses in the U.S. have at least 500 employees, a total number of businesses with at least 500 employees, and a number of corporate universities.
TRENDS OF THE CORPORATE CAMPUS
SiiteSelection.com defines a corporate campus as "buildings in close proximity to each other with centralized support, amenities and other internal functions." I chose to define a corporate campus as a business with two or more buildings in the same location based on this definition. SiteSelection reports the most common types of corporate campus are urban, ex-urban, and suburban. "The buildings on an urban campus are adjacent but not necessarily connected," the site reads. "An ex-urban campus is located close to the urban core, where costs are high, so the buildings are proximate to each other and parking is usually under the buildings or in an adjacent garage. Since land costs are less, a suburban campus affords more opportunities for open space and more parking options; there is often freestanding structured parking or surface parking, or a combination of both. "
Gensler reports that during the past few years, the number of corporate campuses has been growing. Employees love the amenities, especially retail stores and health and wellness facilities, but don't love the commutes. This causes companies to project that the number of corporate campuses will decrease, especially as Millennials enter the work force.
An example of a corporate campus is State Farm corporate headquarters in Bloomington, Illinois. According to the State Farm website, the campus includes company research and training facilities, shipping and services facilities, the original State Farm building, and a 99-acre park that includes recreation facilities such as a water park.
TRENDS WITH CORPORATE UNIVERSITIES
Corporate universities started around World War II, according to Bruno Dufour. The first was established by GM in 1920, and it was followed by Northrup Aircraft in 1940. Forbes reports that Crotonville, established by GE in 1956, is the oldest corporate university in the U.S. By 1985, there were 18 corporate universities in the United States. In 2014, there were about 2,000, compared to 2,000 traditional universities. Phys.org reports there are more than 4,000 corporate universities in the U.S., and that the number may decrease as companies become less willing to invest in their employees' futures. However, Forbes reports that many corporations believe business schools have failed to adequately train students to be managers and leaders, and have created their own universities as a result and that the number may grow.
CONCLUSION
The future of the corporate campus is uncertain, as commutes are a leading factor in Millennials deciding where to work. Likewise, the future of the corporate university is uncertain, but there are enough corporate universities to give academia a challenge.
Thank you for contacting Wonder with your research needs! Please feel free to ask us anything else!