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Businesses like to go where the employees are and if you are a big wig in finance, you are not likely living Louisville KY.

Not always? I sometimes wonder about this. I live in the Phoenix area working in semiconductors. We aren't (or weren't) "silicon valley" (some say we are now). We have employees from all over the world here. They came to the business, I think, more than the business located where prospective employees were. Sometimes a business is dependent on a particular location (e.g. a mining company is likely to spring up in a mining town next to a mine; and at least historically some businesses depending on being near a river for water usage and/or transporting goods and materiel; etc).

And once established, it can be difficult to relocate depending on how much hardware or infrastructure is involved.

For some reason NYC became a financial hub. Maybe because that's where the stock market first opened? Is Bentonville, AR, a retailer hub? (I don't think so...only one retailer I'm aware of headquarters there.) Restaurant chains are HQ'd all over the country (e.g. Buca di Beppo is from Orlando, McD's is in Chicago, Applebee's is Glendale (CA), etc).

It would be difficult to attract employees to some areas as they stand (Topeka?), but municipalities could invest in themselves to become attractive to employees**.

I heard a comment recently that instead of trying to HQ in NYC, Bezos should have picked some smaller town (perhaps where a mine or mill or factory has closed), and reinvigorate it with a new source of income and prosperity (i.e. their headquarters). It could employ many locals directly, and the development of supporting businesses would employ more, and additional prospective employees would be attracted from outside as the town develops parks, river walks, dining, etc.

1poorguy

**The San Antonio River Walk, associated shopping and dining, is one that comes to mind...I think I read Pittsburgh is reinventing itself, etc.
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