35th Annual Survey of Corporate Executives Commentary: Has the Pandemic Affected the Ranking of Site Selection Factors?
While workforce quality and costs continue to be highly ranked factors, the current operating environment has caused companies to increase their emphasis on logistics/shipping costs.
Q1 2021
My crystal ball is as good as the next pundit’s, but in speaking with clients, in reviewing responses in the 2020 Corporate Survey, and in interpreting current events and investment trends, my view is that those organizations that have adapted to new ways of working, solving problems, and getting business done will continue to succeed in the years ahead. At the same time, there should be no doubt that we will soon return to a familiar way of doing business, perhaps with a greater appreciation of location factors that contribute to the success of the business but also the overall quality of life for employees.
The top-10 factors in the annual survey may change rankings over the years, but they remain solidly on the radar of decision-makers looking at making major investments in communities: workforce; logistics; energy; taxes and incentives. There is a distinct trend in the value placed on certain factors now compared to past years. Executives continue to rank the cost and qualification of work force highly, and this has increased steadily over the past 20 years. Operational costs like energy, construction, and taxes remain critically important, but no more so than in the 1990s.
Factors like logistics, shipping costs, IT, and quality of life made strong gains in a business environment defined by the need to offer customers safe options for buying goods and for companies to design increasingly efficient distribution models. While we have witnessed the tragedy of millions of job losses, businesses have continued to invest in the economy.
Recent Project Announcements
Buffalo Rock Company Plans Loxley, Alabama, Distribution Operations
05/07/2026
South Korea-Based ELSPES Plans Osceola County, Florida, Headquarters-Manufacturing Operations
05/06/2026
American Sugar Refining Expands St. Bernard Parish, Louisiana, Operations
05/06/2026
Southern Classic Food Group Expands Brundidge, Alabama, Production Operations
05/05/2026
France-Based ARMOR-IIMAK Expands Boone County, Kentucky, Operations
05/05/2026
Global Business Solutions Expands Covington, Kentucky, Operations
05/05/2026
LEV Manufacturing Plans Putnam County, Tennessee, Assembly-Logistics Operations
05/05/2026
IonQ Expands Bothell, Washington, Operations
05/05/2026
Avant Technology Expands Pharr, Texas, Manufacturing Operations
05/05/2026
Czech Republic-Based GHH-BONATRANS Plans Wayland, New York, Production Operations
05/05/2026
Toothsure Plans Perry County, Kentucky, Operations
05/04/2026
Applied Optoelectronics Expands Sugar Land, Texas, Production Operations
05/04/2026
IBM Plans Chicago, Illinois, AI Data Center Operations
05/02/2026
Turner Industries Plans New Iberia-Port Allen, Louisiana, Nuclear Fabrication Operations
05/02/2026
Most Read
-
Economic Developer Role Shifting from Deal-Making to Systems Stewardship
Q1 2026
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
Where Workforce Capacity Is Being Built — and Where It’s Being Deployed
Q1 2026
-
40th Annual Corporate and 22nd Annual Consultant Site Selection Survey Results
Q1 2026
-
Last Word: Don’t Lose by Winning
Q1 2026
-
2025’s Top States for Business: How the Winners Are Outpacing the Rest
Q3 2025
-
The Workforce Bottleneck in America’s Manufacturing Revival
Q4 2025