Corporate Executive Survey Commentary: Integrating Advanced Technology Into the Site Selection Process
Although training programs and technical colleges are viewed as important, many companies look to find the workforce skills they require readily available in their chosen locations.
Q1 2016
The integration of advanced technology into the site selection process leads to the question, is a community’s workforce keeping up with advanced skills necessary to meet the evolving talent demands of current and future workforces? Capital investment demands of technology also necessitate a strong confidence in the area workforce’s ability to support the facility. The presence of a feeder system, including industry clusters and universities, may ensure a skilled workforce is achievable in the location.
Training programs and the availability of technical colleges in a community are generally viewed as important factors in the survey, but not necessarily very important factors. Companies requiring higher-skilled workforces expect to find those skills readily available in the community as opposed to developing skills via training. [Nonetheless], many state and local governments offer excellent training initiatives that address any gaps between a company’s labor needs and what’s available in local workforce.
Finally, [of those survey respondents planning new domestic facilities], 69 percent plan to open them within two years. This is good news! The survey also reveals approximately half of the new facilities will be manufacturing and/or warehouse-distribution, and more than half (61 percent) of new domestic facilities will create less than 50 new jobs.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
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