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
Manufacturers operate complex supply chains that, in many cases, involve the movement of raw materials and resources from different parts… Read More
Krispy Kreme Finds Russia Hungry for Franchises!
The less-than-cordial relationship between Washington, D.C. and Moscow isn’t deterring Krispy Kreme from stepping out and expanding its presence in… Read More
New LNG Export Terminal Coming to Louisiana
Energy developer Live Oak LNG will invest $2 billion to develop a liquefaction facility and liquefied natural gas (LNG) export… Read More
Raytheon UK to Open Cyber Innovation Center in England
Raytheon UK, a wholly owned Raytheon Company subsidiary, plans to establish a Cyber Innovation Center (CIC) in England. The facility… Read More
Caterpillar Considering a Move to Mexico
Global construction-equipment maker Caterpillar Inc. is considering relocating some of the manufacturing operations at its Joliet, Illinois, plant to Mexico…. Read More
Toyota Is the Latest Business to Bolt California for Texas
Japanese auto giant Toyota has broken ground at its new North American headquarters on a 100-acre section of land near… Read More
San Antonio Spurs Exports
The city of San Antonio recently announced an ambitious plan to triple exports, create more than 56,000 jobs and generally… Read More
Dunkin’ Donuts Unveils Ambitious China ‘Roll-Out’
Canton, MA – Global donut giant Dunkin’ Donuts has signed the largest joint venture agreement in the company’s history with… Read More
A. Schulman Expands China Manufacturing Capability
Akron, OH – A. Schulman Inc. has invested in the addition of equipment in its manufacturing facility in Dongguan, China to “accommodate… Read More
YOTEL Plans Major International Expansion
New York, NY – YOTEL has announced global expansion plans targeting key city centers and international airports in Asia, Europe… Read More
Japan Partners in Major US ‘Energy Center’ Project
Silver Spring, MD – Energy provider Competitive Power Ventures of Maryland (CPV) is partnering with Japan’s Marubeni and Toyota Tsusho… Read More
Enterprise Rent-A-Car Expands into Estonia, Latvia, and Lithuania
St. Louis, MO – Enterprise Rent-A-Car has appointed Bioline as its franchise partner in the Baltic states of Estonia, Latvia and Lithuania. The… Read More
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