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
ExOne Expands Into Turkey, France and Eastern Europe
North Huntington, PA – The ExOne Company has appointed three new independent sales representatives in Europe for its complete product… Read More
Universal Plans New 1,000 Acre Theme Park in China
Universal City, CA – China has approved the development of a $3.3 billion Universal theme park in Beijing that would… Read More
ROAR Logistics Opens New Florida Distribution Center
Buffalo, NY – Global third-party logistics provider ROAR Logistics Inc. has opened a new operations center in Clearwater, Florida. The… Read More
Johnny Rocket’s Open’s New Singapore Restaurant
Alsio Viejo, CA – After successful development in Southeast Asian markets, including the Philippines, Malaysia and Indonesia, Johnny Rockets is now partnering with… Read More
Union Pacific Plans New Texas Rail Yard
Spring, TX – The Union Pacific Railroad has said it will move forward with plans for a new rail yard… Read More
Acoustiblok Expands into the Caribbean
Tampa, FL – Acoustiblok Inc. is expanding its export footprint into the Caribbean region with the appointment of BEXtronics Ltd…. Read More
‘Emerging Markets’ Attracting US Exporters: Report
New York, NY – US businesses are increasingly looking to emerging markets for export growth in both the short and… Read More
UPS Signs Lease for New Facility at AllianceTexas
Fort Worth, Texas – Hillwood Properties, developer of the 18,000-acre master-planned, mixed-use AllianceTexas development has secured a new lease from… Read More
New Jersey Partners with ConnectAmericas.com
Trenton, NJ – New Jersey has signed a partnership agreement with ConnectAmericas.com, a new social media platform that connects Latin… Read More
BLT Steak to Open Restaurant in Tokyo
New York, NY – Global restaurant and hospitality group ESquared Hospitality is partnering with Tokyo-based Jinterji Co. Ltd. to bring… Read More
Michigan’s Renaissance
THE ECONOMIC RESURGENCE OF THE GREAT LAKES STATE LEADS OVERSEAS It wasn’t a clear-cut decision, admits Shilpa Patel, CFO of… Read More
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