Site Selection Evolves
Corporate respondents prioritize workforce talent, environmental factors, and permitting/regulatory ease in their location and expansion decisions.
Q1 2024
The survey’s recognition of success factors such as environmental and permitting regulatory ease and access to low-cost renewable energy is aligned with our industry’s needs. Access to land and logistics infrastructure also resonates deeply within the EV battery recycling sector. With sustainability being a core pillar of the industry, access to renewable energy sources is critical for minimizing environmental impact. Battery recycling projects also require appropriate zoning and access to public infrastructure given the nature of the processes. Lastly, the need to access a global supply chain underscores the importance of a strategic location based on logistic considerations to reduce operational costs.
About half the respondents say that government funding has influenced expansion plans, which is especially the case for the EV battery recycling industry. In addition to the global shift toward electrified transportation, the unprecedented funding through the IRA and DOE loans have helped propel the industry which is expected to double in the next decade. Overall, the alignment between the survey results and the priorities within the EV battery recycling industry underscores the interconnectedness of site selection strategies with broader industry trends and imperatives. As businesses continue to navigate an increasingly complex and dynamic landscape, prioritizing factors such as workforce development, sustainability, and logistical efficiency will be essential for driving growth and competitiveness in the evolving market environment.
Project Announcements
Kikkoman Foods Plans Jefferson, Wisconsin, Operations
04/26/2024
BWX Technologies Expands Cambridge, Ontario, Nuclear Production Operations
04/26/2024
Greenheck Group Plans Knoxville, Tennessee, Operations
04/26/2024
Local Bounti Plans Pasco, Washington, Indoor Agricultural Operations
04/26/2024
Innovative Construction Group Plans Siler City, North Carolina, Production Operations
04/26/2024
Crystal Window and Door Systems Plans Mansfield, Texas, Headquarters-Production Operations
04/25/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024