ompanies must evaluate several important factors when considering possible locations for new or expanded facilities. The critical factors impacting site selection decisions vary slightly in importance from project to project, but they are considered by most companies deciding where to expand or locate facilities.
      Please find below a summary of the key issues which should be evaluated by a company prior to making a site selection decision.

Location: A company must start the site selection process by identifying the potential geographic areas that could work for the project.

Workforce: A business must be confident that there is an ample supply of prospective team members, with the necessary education and skill sets.

Real Estate: A company must evaluate potential real estate options in the locations under consideration for the project to ensure its requirements can be met.

Tax Structure: A business must have a complete picture of the local, regional and state tax environment to make certain it can operate profitably.

Infrastructure: A company must be confident that there is adequate traditional and non-traditional infrastructure in place to meet the project's current and future requirements.

Incentives: A business must have a thorough understanding of what forms of local, regional and/or state economic development incentives are available to help the company lower its project costs.

Regulatory Environment: A company must understand how local, regional and state governmental regulations and timelines will impact its business and project.

Cost of Living: A business must evaluate the cost of living in a potential geographic area.

Unionization Rates: A company must review unionization rates and right-to-work laws prior to making a site selection decision for a new or expanded facility.

Quality of Life: A business should consider the quality of life in a region and state as a part of its decision making process.
      Once a business narrows its options to a few potential locations, the relationships built between the company, economic development organizations and governmental entities are critical to successfully completing the project.

– Ginovus is a leading provider of national site selection, community comparative analysis and economic development incentive procurement & management services to organizations throughout North America. Ginovus is headquartered in Indianapolis, Indiana.