Get the latest trends in global site selection, including relocation guides, region roundups, corporate expansions, and site selection planning.
Different types of companies will have different criteria when it comes to site selection. It’s a significant decision that most companies will face sooner or later—the challenge is balancing economic factors (taxes, government policies and incentives) against other, equally important considerations, from workforce to location to social climate. Where does one start? The new or relocated facility will need employees, but few sites come with a fully qualified workforce. Questions of workforce density, availability and trainability must be considered, as well as average wage rates in the area. For manufacturers, the need to deliver products and receive the raw materials required for production, will make locations closer to major highways (for trucking), rail lines or ports (for overseas delivery) more desirable. Another question is whether to relocate into an existing building, or to build from the ground up. The first option will require more modification, the second a higher budget. How are such basic needs as utilities (water, power, communications) addressed? There will also be zoning questions to be answered, as well as environmental considerations, which continue to ascend in prominence as awareness is raised on how business impacts the world we live in. International Relocation Site selection outside a company’s country of origin presents additional matters of importance, starting with the obvious social, cultural and language distinctions. Proximity to suppliers and competitors may be determining factors as well, though in some cases manufacturers prefer choosing a site in an area where similar industries are prospering. If they’re doing well here, the reasoning goes, so should we. If some of your workforce will be relocating as well, they will want to know about the quality and availability of medical care in the area, and what type of education their children will receive in local schools. And if they can still get a decent pizza delivered.
WHERE TO FIND THE NATURAL RESOURCES THAT ARE FEEDING U.S. BUSINESSES
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Syngas Energy Plans $360 Million Louisiana Methanol Facility
Syngas Energy Holdings has unveiled plans to pump $360 million in capital investment funds into the construction of a methanol… Read More
Ecuador Diversifies Economy Through New Andean Smart City
Pro Ecuador, Ecuador’s foreign investment agency, is promoting the newly developed city of Yachay as a unique investment opportunity for… Read More
Ford Unveils New China Investment, Marketing Strategy
U.S. auto giant Ford Motor Co. will invest $1.8 billion by 2020 to develop technologies aimed at attracting Chinese car… Read More
Total Quality Logistics Opens First Office in West Virginia
Total Quality Logistics (TQL), announced the opening of its latest location in Charleston, the capital of West Virginia. The new… Read More
MD Logistics Announces Expansion
MD Logistics, a third-party logistics (3PL) provider, is significantly upgrading its pharmaceutical storage capabilities to keep pace with the surging… Read More
C.H. Robinson Eyes Future Growth with Chicago Expansion
C.H. Robinson, one of the world’s largest logistics providers, has announced plans for a 207,000-square-foot build-to-suit office building located at… Read More
Texas-Sized Opportunities
They say everything’s bigger in Texas, and Portacool CEO Ben Wulf says this mantra certainly rings true from a business… Read More
Laws of Attraction
Logistically, Richmond, Virginia, offered numerous advantages over Stamford, Connecticut, says Tucker McNeil, communications director of WestRock, the company formed from… Read More
The Rockies Tap Into Exports
With 95 percent of market potential situated outside the United States, it’s becoming more difficult for many companies, both well… Read More
Senior Executives See Growth Opportunities in Emerging Markets
Emerging markets may been pummeled in the financial world this year, but a survey of 500 CEOs and senior executives… Read More
Taiwan’s Formosa Petrochemical Mulls Louisiana Chemical Complex
Taiwan-based Formosa Petrochemical Corp. (FPC) is reportedly studying the feasibility of an estimated $9.4 billion industrial complex in St. James… Read More
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