SPRINGDALE, Ark. — Springdale-based Tyson Foods will be relocating all of its corporate employees to its headquarters in Northwest Arkansas.
The company announced Wednesday, Oct. 5, that all corporate team members from the Chicago, Downers Grove and Dakota Dunes area corporate locations will be moved to Springdale.
In a statement, Tyson said in part the move will "foster closer collaboration, enhance team member agility and enable faster decision making."
"Tyson’s diverse portfolio of products and brands provides us with an unmatched strategic advantage to serve our customers," said Donnie King, President & CEO, Tyson Foods. "Bringing our talented corporate team members and businesses together under one roof unlocks greater opportunities to share perspectives and ideas, while also enabling us to act quickly to solve problems and provide the innovative products solutions that our customers deserve and value."
With the move, Tyson will be expanding and remodeling its existing headquarters and Springdale facilities.
"To have those key decision makers and those key collaborators, headquarters, I think makes a lot of sense from a business perspective," said Nelson Peacock, President and CEO, NWA Council.
According to Tyson officials, there are around 1,000 corporate team members between the Chicago area corporate locations and the Dakota Dunes corporate office. They say there are no layoffs associated with the move with the relocation phase set to begin in early 2023.
"Housing will be a challenge....it's a challenge today. Irrespective of the 1000 jobs Tyson is bringing back to our town. Our region, fortunately, knows we have an issue and we have a lot of people working on that," said Bill Rogers.
Bill Rogers, President of the Springdale Chamber of Commerce, says this is a decision that could have a larger impact than one realizes.
"The economic impact goes far beyond just the salaries that they might have. Those folks need to have a home those folks will shop, they'll go to school. This is a big, big announcement for Springdale. But it's just as big announcement for all of Northwest Arkansas," Rogers said.
While area leaders say this move could provide efficiency for the corporation, it could bring some issues they describe as good to Northwest Arkansas.
"Well, you know, we've been growing quite a lot lately. We're one of the fastest growing regions in the country," said Peacock. "There are pressures, obviously, as everyone knows, on our housing market, on our infrastructure, and we'll have to continue to accommodate that we need to continue to invest in our downtowns."
More details about the expansion will be announced over the next few months.
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