24th Annual Corporate Survey Analysis by Jay Garner, CEcD
Multinational companies that invest in the United States know that they need to find locations that - on par - can compete with foreign locations in both productivity and costs. Those communities that embrace this knowledge and have committed public policymakers who are working to achieve the goal of quality public services at low cost know they will have a competitive advantage in the global marketplace.
Quality-of-life factors continue to point to another longstanding trend that both corporate investors and residents of a community want to insure as a given - public safety. The respondents want to see a low crime rate and have quality healthcare facilities. Housing costs switched this year with housing availability in the top-four rankings. We believe that with deflated real estate prices in nearly all regions of the country, company officials recognize that, in today's environment, affordable housing for executive level management is more reasonably priced than in recent history. The ratings of public schools factor is still in the middle of the pack for what we believe are two reasons: Many of the middle and higher management personnel place their children in private schools and don't often consider public schools as an option; in addition, many of our corporate clients have expressed that public schools are inherently broken at many locations around the country so if they find a location that has an excellent public schools rating, then that may be an unexpected plus in favor of that community.
I for one would be surprised if the 2010 rankings change with respect to the importance of costs and the desire of companies to locate in reduced-cost locations.
2022 Top States for Doing Business Provide an Environment for Business Growth
Location Factors in the EV Industry — “Mission Critical” or “Nice to Have”?
2022 Auto/Aero Site Guide
Three Big Challenges Facing the Food & Beverage Industry
How Are Economic Developers Partnering to Solve Workforce Challenges?
36th Annual Corporate Survey: Executives Focus on Labor, Energy, Shipping Costs
Fixing the Supply Chain with AI and Robotics
18th Annual Consultants Survey: Access to Major Markets and Skilled Labor Are Clients’ Primary Concerns