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
U.S. States and Metros Hit the Hardest by the Drop in Oil Prices
The COVID-19 pandemic has sent the world economy into turmoil as lockdowns around the world have caused economic activity to… Read More
U.S. Metros With the Most Small Businesses Per Capita
Small businesses across the United States face dire circumstances following the COVID-19 outbreak. While each individual small business might seem… Read More
Impact of the Coronavirus Crisis in the American REITs
Victor Kuznetsov, Managing Director of Imperial Fund, examines how US real estate investment trusts are weathering the COVID-19 storm. Real… Read More
Metros With the Most Successful Entrepreneurs
Many Americans dream of quitting their job and becoming their own boss. Whether the goal is to live the laptop… Read More
Our Annual Governor’s Cup Ranks Top 10 Southern States for Site Selection Incentives
A funny thing happened on the way to compiling Global Trade’s latest Annual Governor’s Cup feature on state site selection… Read More
Success in China: Market Opportunities & How to Get Started
Are you an ambitious entrepreneur from the west seeking to expand to China? Or are you interested in opening a… Read More
How To Entice The Younger Generation Into Utility Careers
Unfortunately, there is a serious age crisis within the energy and utility sector at the moment. Many companies recognized, in… Read More
Where do People Travel for Business?
When it comes to global business, the right transportation is essential. Getting talent from one side of the globe to… Read More
TOP 10 STATES FOR MANUFACTURING 2019
It’s safe to say that most of the products we use daily were manufactured somewhere. From the clothes we wear… Read More
Americana Holdings Announces Major Real Estate Acquisition
Berkshire Hathaway HomeServices real estate franchise, Americana Holdings, announced the acquisition of Tarbell, Realtors® this week. Tarbell is known for… Read More
Small-Town Life: Why it’s Good for Business
When it comes to relocating your business, you can go big (city) or you can go home. But while conventional… Read More
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