Site Selection: Phase 1 - Business Plan
Phase 1
Business Plan
As companies embark upon the site selection process, it is imperative the right teams are engaged and that a business plan is created with input from all stakeholders. The business plan is the foundation and the roadmap for the site selection process.
Steps in Phase 1 - Business Plan
- Identify internal stakeholders
- Develop business requirements
- Determine real estate needs - lease vs. buy
Things to remember
Choosing a location for your U.S. Manufacturing operations should always start with a well thought-through business plan. Identify project requirements with internal stakeholders to ensure all business factors are considered in the site selection process:
- Stakeholders
- Timeline
- Labor
- Suppliers
- Transportation
- Utilities
- Real Estate
- Taxes/Incentives
- Regulatory Environment
Recommended Reading
- Site Selection - How to start the process by Jeff Forsythe, McCallum Sweeney Consulting
- Site Selection - Choosing the best location by Biggins Lacy Shapiro & Company, LLC
- Competitive Alternatives 2016 - KPMG's guide to comparing international business locations (www.competitivealternatives.com)
Useful Websites
- U.S. Small Business Administration (www.sba.gov)
- The Site Selectors Guild (www.siteselectorsguild.com)
- Thomas Net
- U.S. Bureau of Labor Statistics (www.bls.gov)
- U.S. Census Bureau (www.census.gov)
- Area Development Magazine (www.areadevelopment.com/corporate-site-selection-factors)
- Site Selection Magazine (www.siteselection.com)
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