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

  1.  Identify internal stakeholders
  2.  Develop business requirements
  3.  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

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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