Locating a business in a designated enterprise zone can often provide incentives unavailable in other areas. But the incentives offered are beginning to change — and there may be tradeoffs that could devalue the financial advantages. More
By Curtis Slocum; Brownfield Development Specialist, Voit Development Company (Nov 08)
Brownfield sites can present opportunities to purchase properties at lower prices and in areas where fewer traditional sites are available — if you can work around liability concerns and cleanup costs. More
What are the salary standards in your new location? Your facility’s success — from profit margins to worker satisfaction — depends on getting the numbers right. More
By Brad Lindquist and Phil Schneider, Deloitte Consulting GEO Group (Nov 08)
Regardless of which and how many factors make up the checklist,
understanding these decision-drivers, their priority, and potential impact on the project will provide the foundation for the location analysis. More
By Bob Hess and Doug Stachowiak NKF Consulting, Global Location Strategy and Optimization, Chicago (Oct/Nov 08)
The results of Area Development’s 2007 Corporate Survey reflect the growing importance of fast-track permitting as speed to market becomes more and more critical to manufacturers. More
New technologies, the demand for quality workers,
business-friendly cities, and access to more power
are driving high-tech industries toward traditional
tech hubs, and to some growing locations that are
taking advantage of the boom. More
The high cost of fuel is leading to fundamental changes in intermodal transportation, putting more emphasis on water and rail. And that’s driving the creation of more intermodal facilities. More
By David V. Brandon, Senior Vice President, Site Selection Group, LLC (Aug/Sep 08)
Highway accessibility — the number-one ranked factor by Area Development’s 2007 Corporate Survey respondents — undeniably forms the essential nexus between workers, suppliers, producers, distributors, and markets. More
By Chris Steele, President; Real Estate Line of Business, TranSystems (Aug/Sep 08)
Proximity to major markets was only ranked 10th in importance by the respondents to Area Development’s 2007 Corporate Survey, but economic and environmental trends may increase this factor’s relevance. More
By Jerry Guillorn and Stephen Neeson, LEED® AP, Structure Tone
(Biotech Location Guide, May 08)
The life sciences company’s construction services
partner must understand the firm’s present and — more importantly — future business model before work begins on a new facility. More
New technologies are pushing the development of new industry clusters. Here are some consultants’ ideas about which locations might be on the fast track for growth. More
Companies operating inside of “Innovation Zones” in Greater New Brunswick, Camden, and Newark enjoy access to world-class commercialization facilities
as well as enhanced financial incentives. More
A growing number of municipalities are implementing procedures and using technology to make the permitting process faster and easier for
companies and developers. More
Only one of the sites in five states with long-established connections
to public and private bio- and agro-research operations will be chosen— but they all feel like winners. More
By Jon Walker, Managing Director;
Corporate, Legal, and Government Services; EDR
(Aug/Sep 07)
Brownfields are no longer considered economic, social, and environmental burdens for the communities, corporations, and developers that have started to place an unprecedented interest in redeveloping these environmentally contaminated properties and restoring the sites to productive uses. More
Working together, government officials and businesses are utilizing careful planning and strategic vision to revitalize the nation’s once-thriving town centers. More
By Jonathan A. Keyser, Principal,
CRESA Partners (Aug/Sep 07)
Getting an early handle on a company’s real estate and facilities
can be a powerful tool in increasing the profitability of a merger
or acquisition. More
Forward-thinking reutilization strategies can turn military base closures into surprisingly positive developments for their surrounding communities. More
By Les J. Cranmer,
Senior Managing Director; and Art M. Wegfahrt, Corporate Managing Director; Studley, Inc.
(Aug/Sep 07)
A closer look at the Corporate Survey reveals that the occupancy or construction costs factor is not as critical to the location decision as it first appears. More
By Anne L. Leifer, PG, LSP, and
Catherine Gabis Johnson, PG;
GEI Consultants (Jun/Jul 07)
More than just a step in the site selection process, comprehensive due diligence uncovers important information that can save time and prevent costly mistakes. More
Communities are reacting to site selectors’ needs by posting solid data on
their websites as well as incorporating GIS and other interactive capabilities. More
By Jonathan Sangster, Senior Managing Director, CB Richard Ellis (CBRE) (Apr/May 07)
Biotechnology has been and remains one of the most sought-after industries in economic development. The huge opportunities, dynamic growth, and high talent pool skill sets generated by the industry make biotech companies very attractive candidate companies in the eyes of state and local economic development officials. More
By John M. Rhodes, Senior Principal; Moran, Stahl & Boyer, LLC (Feb/Mar 07)
The respondents to the 2006 Corporate Survey conducted by Area Development identified the cost of labor as the number-one factor for making site selection decisions. Here is some insight into the importance of labor costs. More
By Theddi Wright Chappell, Managing Director of Advisory Services,
Pacific Security Capital, and CEO, Sustainable Values, Inc. (Feb/Mar 07)
The decision to ignore the growing trend toward “green” development could have a greater impact on a company’s bottom line than just the actual physical expense. More
“Micros,” which tend to have healthy economies, are attracting businesses of all types with their ample, qualified labor and enviable quality of life. More
By Les J. Cranmer, Senior Managing Director, and Art M. Wegfahrt, Corporate Managing Director, Studley, Inc. (Oct/Nov 06)
It’s clear from the responses to Area Development’s 2005 Corporate Survey that proximity to major markets is increasingly driving the location decision. More
By Thomas J. Erman, SIOR, Vice President; NAI DESCO (Aug/Sep 06)
Eminent domain is in the headlines, on televised news shows, and on the lips of every property owner from coast to coast. But the aspect of the story that is rarely, if ever, reported is “balance.” More
Frank D. Ricca, Senior Vice President, The Staubach Company (Jun/Jul 06)
Statistics show that typically 70 percent of all tenants renew their leases upon or before lease expiration, as renewing an office lease and staying in place is often the best solution for a company. From a landlord’s standpoint, a renewal tenant often is the holy grail towards profitability. More
States and municipalities are scurrying to provide border-to-border wireless communication access. But there’s still lots of room — and use — for fiber. More
New technology is valuable, but facility planning and operations execs should remember — it’s not all about the gadgets. More
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