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Cost Sensitivities Increase CFO's Site Selection Role
The chief financial officer (CFO) is becoming more important in site selection due to the recession's downsizing.
How did the recession contribute to making the CFO's role in site selection more critical?
 

Christopher D. Lloyd, Senior Vice President and Director, Infrastructure and Economic Development, McGuireWoods Consulting
The recession has certainly made companies not only more sensitive about costs and capturing savings wherever possible, but as companies downsized, they often shrank corporate real estate departments. Both trends have contributed to the growing role of the CFO as a bigger player in site selection.
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About the Author

Christopher D. Lloyd, Senior Vice President and Director, Infrastructure and Economic Development, McGuireWoods Consulting
Christopher Lloyd leads the McGuireWoods Consulting Infrastructure and Economic Development team where he specializes in site selection and economic development incentives negotiations. Lloyd has also worked closely with clients on numerous public-private partnership projects for transportation and other infrastructure as well as playing a leading role in the development and passage of Virginia's public-private partnership laws. These statutes have since become model legislation for use in other states. As a result of this work, Lloyd has become a frequent speaker on economic development policy issues and public private partnership projects around the country.

More articles by Christopher D. Lloyd

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