Economy Update – November 2016
Attracting business relocations and expansions to your community is tough work. With more than 15,000 communities in the U.S. alone vying for about 1,500 to 2,000 projects a year, the competition is fierce. The industry is also driven more and more by site selection consultants. These companies are firms that specialize in working with businesses to find the best location. They identify what is important to the company and then seek out a community that is a good match. They look at workforce availability and cost and available buildings or greenfields that are ready to go. They look at the quality of the local school systems, housing stock and prices as well as what there is to do in the community. Thanks to the web and social media, site selector can assess if a community is welcoming to new business and people or if the culture is anti-business or close-minded. Site selection consultants typically go to state project managers first so it is critical that local communities have strong relationships with the Department of Economic Development, regional partners and Georgia utility companies.