35th Annual Survey of Corporate Executives Commentary: Skilled Labor, Taxes & Incentives Still Paramount in the Location Decision
Companies recognize the importance of a location’s quality of life in in attracting the skilled labor that they need, and taxes and incentives continue to be a top criteria as well.
Q1 2021
For these decision-makers, the local availability of skilled labor continues to be at the top of the list of decision criteria, as it has been historically. Quality-of-life trends continue to be an important factor in site location decisions, and it’s no surprise given the importance of quality of life considerations in attracting skilled labor. In fact, quality of life this year ranks higher in the survey when compared to universally important factors as labor, occupancy and construction cost. This trend is likely to continue as many employers attempt to reimagine their workplaces and cater to a more mobile workforce.
Finally, state and local taxes and incentives continue to be top 10 criteria for decision-makers. While recent declines in state and local tax revenue collections resulting from the global pandemic have impacted many public-sector budgets, economic development authorities continue to seek meaningful engagement with the business community and offer financial support. I expect these collaborations to take precedence going forward.
Project Announcements
Climeworks Plans Calcasieu Parish, Louisiana, Direct Air CO2 Capture Operations
11/08/2024
India-Based Granules Consumer Health Expands Prince William County, Virginia, Operations
11/08/2024
Taiwan-Based Sunlit Fluo & Chemical Establishes Phoenix, Arizona, Semiconductor Material Operations
11/07/2024
Ontic Plans Miramar, Florida, MRO Operations
11/07/2024
American International Group Plans Atlanta, Georgia, Innovation Hub
11/06/2024
TMC Transformers USA Expands Waynesboro, Georgia, Manufacturing Operations
11/06/2024
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