Should You Stay or Should You Go? Evaluating Operations Expansion Options
A thorough investigation of key criteria will allow a company to determine whether expanding at its current location or relocating will yield the best results.
Shown here are nine of the recipients of Area Development’s 2013 Gold & Silver awards, which were bestowed in recognition of the states’ efforts to capture new facility and expansion projects that resulted in significant investment and job-creation. All told, 19 states were recognized for their efforts.
Companies need to determine which incentives are of most value to them and also make sure they are utilizing all the incentives to which they are entitled.
From what we witnessed in 2013, we can only expect more dynamic developments in state incentive programs and a continued focus on additional transparency.
Digging through layers of information on the national and then local level is an arduous task for site selectors, but one that has been made easier through the use of GIS tools.
Outsourcing agreements crafted according to the 10 elements and five rules of “Vested” result in truly collaborative agreements and a win-win situation for the parties involved.
The evolution of the e-commerce channel will have an ongoing impact on distribution facilities and those markets with the required infrastructure and incentives that e-commerce companies seek.
Some new and creative incentive programs are being provided in the Mid-Atlantic States to help drive the region’s high-tech and other industries.
Winners of numerous accolades, the Plains States are garnering investment across diverse industry sectors and growing their economies.
The Mountain States are posting positive news on the jobs and business location and expansion front.
Customized incentives and work force training, as well as its right-to-work environment, are drawing auto, aero, life sciences, and other advanced manufacturers to the South Atlantic.
You’re not likely to find explosive growth in the Midwest, but the region’s economy is advancing at a healthy, steady pace with strategic plans to enhance investment in place.
A highly skilled work force and good transportation infrastructure are also drawing aerospace and other high-tech companies.
Most of the Southwest is enjoying better job growth than the nation as a whole, and all of these states have ramped up their economic development efforts.
There’s been much talk — and some evidence — of a U.S. manufacturing renaissance and bringing high-paying jobs back home, i.e., reshoring. However, this “skills gap” must be closed if manufacturers are to find the skilled workers they need.
Scott N. Paul, President of the Alliance for American Manufacturing, discusses how government policy supports U.S. manufacturing growth, the perceived “skills gap” and mainstream media’s recent focus on U.S. manufacturing.
Businesses have traditionally approached energy consumption as a fixed overhead, but the real opportunities lie in approaching it as a variable cost that can be tightly controlled with advanced energy-management systems.
The automotive industry, in particular, has been taking advantage of metal-to-plastic conversion for years to meet stricter federal guidelines for improved fuel efficiency by 2025.
Innovative companies are developing better ways to clean and recycle drilling water on site, as well as manufacturing “greener” drilling solutions that have fewer harmful chemicals.
Growth in jobs, consumer confidence, homes sales, and corporate profits, albeit dampened with uncertainty, are painting a somewhat rosier picture for 2014.
In a unique arrangement, P&G outsourced its facilities management, along with several other functions, creating a collaborative, win-win relationship with its service providers.
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