Companies providing quality jobs have never been in a better position to ask for the infrastructure and incentives they need in order to locate their facility — or remain — in a community.
With the aid of advanced technology, design-build firms provide valuable capabilities and expertise in the site selection process, reducing risk and providing cost and scheduling certainty.
Thanks to vast amounts of available data and an evolved computational infrastructure, AI is fundamentally changing the way organizations plan and manage their real estate and facilities.
In order to address the challenges of big-ship congestion, U.S. seaports are turning to rail, barges, and off-terminal facilities.
As technological advances fundamentally alter long-standing manufacturing processes and practices, they’re also upending the way advanced manufacturing companies consider locations for their facilities.
A “certification” label on a site is meaningless unless all the necessary data has been gathered and thorough due diligence performed with respect to your particular project.
The top-ranked states have landed on the radar of today’s site selection consultants because of their low business costs, generous incentive programs, and competitive labor environments, among other probusiness advantages.
Although strong economic development teams and business-friendly policies have helped to draw companies to the Southern States, all states must continue to adapt to the changing site selection environment.
It can be said that shared reasoning garnered through client collaboration, as well as recent experience gained through working on location projects with the various states, validates the results of the most recent Top States survey.
Once implemented, changes in economic development policies take many years to achieve the desired results, but the survey rankings show that such changes are having the desired effect.
Foreign direct investment and global trade have had a huge impact on economic development in the state of Georgia.
Through its infrastructure upgrades and workforce development initiatives, Louisiana is drawing investment from both traditional and advanced technology companies.
Although its GDP growth has been sluggish, Arkansas boasts a low cost of doing business and of living.
Oklahoma seeks to capitalize on recent growth by continuing to diversify its economy, upgrading its educational system, and strengthening its brand.
As companies are increasingly employing AI and other advanced technologies, they are locating where the tech-savvy workforce wants to live instead of asking the talent to come to them.
Retailers are rethinking their supply chain management and locating closer to the end customer to meet their lightning-fast delivery expectations.
Area Development recently asked Steve Hess, VP of Real Estate Development at DHL Supply Chain, about issues affecting companies’ global supply chains. DHL is the largest global operator of logistics space, having acquired and/or developed over 20 million square feet of industrial space in the last several years alone, providing both internal and external customers with individually tailored real estate solutions, says Hess.
Companies looking to open a facility in an unfamiliar location must assess its local political climate to determine if it’s one in which it can succeed now and in the future.
Recent trade tensions and announced tariffs are proving disruptive to businesses, creating an uphill battle for CFOs, but they can mitigate supplier uncertainties by leveraging data.
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