Area Development
Site & Facility Planning Insider
Quantifiable, Physical, and Intangible Location Factors
Labor availability is generally the number-one concern of growing companies that need to locate a facility in a new location. Therefore, a company’s site selection team needs to determine which regional markets can satisfy that need. A regional market analysis will identify growing markets that provide the best chance to connect with customers and suppliers and gain the workers needed for success. Data points include population growth, GDP growth, unemployment levels, income growth, and poverty reduction, just to name a few. 

However, beyond the data points, a company seeking a new location must also ascertain if a prospective community aligns with their organization’s culture. For example, if a company’s mission statement stresses wellness and sustainability, then communities that have a similar focus should be on its radar. Honing in on the strategic integration and alignment between corporation, culture, and community is vital to ensuring a successful site selection.

Of course, project timelines must still be met. The difference between being able to break ground in six months versus 18 months could be the difference between a project’s success or its failure. Sites that are equipped with roads, water and sewage connections, and permitting in place can prove advantageous.

That’s why states that are investing in infrastructure upgrades are getting noticed. For example, to keep up with the needs of business and industry, Louisiana has undertaken several major infrastructure projects at its airports and ports. And Georgia is a top-ranked state for its distribution and supply chain hubs. Hartsfield-Jackson Atlanta International Airport is the busiest airport in the world, with total cargo warehouse space of 1.3 million square feet, and the Port of Savannah, the largest single container terminal in North America and the second-busiest in the U.S.

Regional Report: Building Economic Momentum in Oklahoma

Stephen Gray Tom Gresham
 

Oklahoma seeks to capitalize on recent growth by continuing to diversify its economy, upgrading its educational system, and strengthening its brand.

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Regional Report: Energy and Infrastructure Lead the Way in Louisiana

Mark Crawford Mark Crawford, Staff Editor, Area Development
 

Through its infrastructure upgrades and workforce development initiatives, Louisiana is drawing investment from both traditional and advanced technology companies.

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Regional Report: Georgia - An International Business Destination

Mark Crawford Mark Crawford, Staff Editor, Area Development
 

Foreign direct investment and global trade have had a huge impact on economic development in the state of Georgia.

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Regional Report: Arkansas Making Strides in Manufacturing and Technology

Tom Gresham Tom Gresham
 

Although its GDP growth has been sluggish, Arkansas boasts a low cost of doing business and of living.

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Growing Markets Positioned for Corporate Location Success

David J. Robinson David J. Robinson, Principal, The Montrose Group, LLC
 

Corporate site location projects begin with understanding which regional markets are growing and will provide a long-term pool of skilled workers and a successful economy attractive to the company and its supply chain.

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What’s Happening in Nebraska

Nebraska Public Power District provides premier economic development services for businesses looking to relocate or expand. Services include community research information and demographics, industrial properties and site selection and new business recruitment, business retention and business expansion.

Good Life. Great Location. Put the power of Nebraska to work for you…

The 3 Cs of Successful Site Selection: Company, Culture, and Community

Dan Foster Dan Foster, Executive Managing Director, Newmark Knight Frank
 
Chris Volney Chris Volney, Senior Director, Labor Analytics, CBRE
 

Dan Foster, Executive Managing Director at Newmark Knight Frank and Chris Volney, Senior Director, CBRE Labor Analytics, spoke with Area Development about the less tangible site selection factors, such as local culture and quality of place, at our Miami Consultants Forum.

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Laying Down the Tracks for Rail-Served Site Selection

Laurence Laurence Kahn, Senior Director, Industrial, Franklin Street
 

Meeting project timelines is essential for site selection in any industry. The difference between being able to break ground in 6 months versus 18 months could be the difference between a project’s success or its failure—and especially for rail projects.

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