Area Development
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Area Development’s Women in Economic Development Forum featured insightful presentations from leading consultants to industry. The consultants’ presentations also contained useful advice for domestic and foreign companies looking to open new or expand existing U.S. facilities.

First of all, economic developers need to know as much as possible about a prospective company’s requirements in order to help the company satisfy its needs. And although a community might have a “certified site” available, it might not be the right site for your company/industry. For instance, if you’re a food manufacturer, you need to work with an economic developer who understands that industry.

Capital investment by foreign companies is driving growth in the U.S. food and beverage sector. Food manufacturers need to manage many risks — among them concerns about logistics and environmental factors and the need to build a talented workforce pipeline. Foreign companies investing in the U.S. also need a strong advisory team who can help with working out the details, e.g., permitting, regulatory and labor law compliance, and building community relationships.

And companies returning operations to the U.S. from abroad may have similar concerns. Among those reshoring because of increasing tariffs on imported goods and rising shipping costs, among other factors, are textile manufacturers who are also responding to U.S. consumers’ demand for ethically sourced products. Their site selection needs are similar to those of firms in most industries: workforce readiness, transportation access, and sustainability.

For Food Manufacturers, the Right Economic Development Partner Is Critical

Amy Gerber Amy Gerber, Executive Managing Director, Business Incentives Practice, Cushman & Wakefield
 

The ever-evolving food industry requires plenty of due diligence and community support in order to execute an effective relocation or expansion strategy.

Read the whole story...

 

How to Navigate the U.S. or Foreign Markets

Morgan Crapps Morgan Crapps, Consultant, Parker Poe Consulting
 

Having a strong advisory team can help companies seeking a new market in the U.S. or abroad achieve success.

Read the whole story...

 

Getting the Most Out of Your Economic Development Partners

Courtney Dunbar Courtney Dunbar, Economic Development Leader, Industrial Site Consulting Team, Olsson Associates
 

In order for economic developers to help with your location decision, they need to know as much as possible about your company’s requirements.

Read the whole story...

 

The Comeback Kid: Textiles Are Returning Stateside

Beth H. Land Beth H. Land, Vice President, Site Selection Group
 

Rising wage and energy costs overseas and American consumers’ demand for ethical and sustainable sourcing of products are among the factors driving the reshoring of the textile industry to the U.S.

Read the whole story...

 

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Marriott City Center, Charlotte, NC
June 3-5, 2019

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