A Systematic Site Selection Process
A process provides a framework for determining the costs and benefits of operation for any given place.
We define the company's location parameters based on its wants and needs. Then we collect and analyze data from prospective communities, negotiating with local officials on possible financial incentives. We finalize agreements once a decision is made on a final location.
During the search for the right location, we examine:
• Demographic profile -- residential and employed populations, socioeconomic indicators
• Labor market -- quantity and quality (talent), prevailing wages, educational and training resources.
• Business climate -- state and local tax burden, regulatory and permitting environment.
• Utilities -- (availability/reliability, cost of electricity, natural gas, water, and telecom)
• Transportation (highway, rail, air) and logistics costs
• Financial incentives -- Tax abatements, grants, financing, worker training, site costs
• Quality of Life -- Cost of living, health-care, education, cultural/recreational opportunities
• Real Estate -- Available sites/buildings, fit and cost, typography, and geotechnical.