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Site Selection: 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
- 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
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