What is the most important factor when companies are looking for a location to establish or expand their business? According to the results of AreaDevelopment.com’s annual survey of corporate executives, the availability of skilled labor is the first thing they take into account. AreaDevelopment.com reports that “68 percent of the respondents say they consider whether there are businesses performing activities similar to those of their company in the area of search” as an indicator of whether the talent pool they need will already be established in that area. Other top site selection factors in the top ten are, in order: highway accessibility, quality of life, occupancy or construction costs, available buildings, labor costs, corporate tax rate, proximity to major markets, state and local incentives, and energy availability and costs. For more, read the full article on the survey results.
Annual survey of top site selection factors: skilled labor tops list for 2016
