The News: Companies are relying more heavily on structured scorecards to evaluate competing locations for new facilities and expansions. Rather than focusing on a single factor such as land cost, today’s site selection process weighs workforce availability, logistics, operating costs, taxes and incentives, utility reliability, and overall project risk. The article also highlights the growing value of certified, development-ready sites that can reduce uncertainty and accelerate project timelines.
SITEBOXX Take: As corporate site selection becomes increasingly data-driven, communities that provide complete, transparent information about their sites and infrastructure will have a competitive advantage. Presenting decision-makers with comprehensive, easy-to-evaluate property data can help reduce risk and improve a location’s position during the final stages of project evaluation.
Source: Read the full article at Business Facilities.
