Ultimately, your location has strategic importance and significant implications for your business’s success. A less-than-optimal site can be costly over time and compromise your competitive position which can last for years. Operating cost savings between an acceptable location and an optimal site are significant. It is not enough for a site to be just acceptable. The site decision takes a substantial investment and has a generational impact.
Site selection is not just about finding the right real estate in the right location, it is also about ensuring there is an existing skilled labor pool to support the business. In fact, there are many factors to consider such as the labor pool, customers, vendors, logistics, real estate, and economic incentives.
Should I Stay or Should I Go?
Before the site selection process even begins, many companies are faced with the same decision, should I stay or should I go? Staying may require major renovation of the existing facility, an addition for increased capacity, purchase of additional land, or razing the improvements and building new. We assist companies with making this stay-or-go decision by analyzing all viable options and determining the best course of action.
If finding a new site is determined to be the best course of action, our experts will analyze your criteria. We will then develop a holistic location strategy for you based on the advanced analysis of labor, supply chain, customers, and other locational factors that are critical to the success of your corporation. Whether it is for a distribution center, manufacturing plant, office building, retail location, special-use, government facilities, or new corporate headquarters; our site selection experts will help you understand critical locational factors to help you make a wise decision.
An important element of making a site selection decision is understanding what economic incentives are available for corporations seeking to minimize their capital expenditures and to reduce on-going operational costs. We can help evaluate all the potential incentive options from TIF to grants and low-interest loans. There are a wide variety of incentives and financial assistance that is available for companies to start up, expand, or relocate in Minnesota.
Emergency Site Selection
We have even worked with several clients that needed site selection services on an emergency basis, including the private sector and government units, including the federal government. The reasons for needing site selection in a hurry could include natural disasters, riots, structural collapse, and more. Let us relieve some stress during these difficult times and help with your emergency site selection process from start to finish.