Article
Four reasons why businesses should use a site selector
March 1, 2023
When it comes to expanding or relocating a business, the process of selecting the right location can be complex and time-consuming. Without the right expertise, companies may miss out on opportunities and end up with a less than ideal location. That's why it makes sense to consider using a site selector. Here are four reasons why:
- Lack of internal expertise. The search for a new location requires a deep understanding of the real estate market, labor conditions, tax incentives and regulations. Without the internal expertise, a company may miss out on valuable information that can have a major impact on their success. A site selector, on the other hand, has the expertise and experience to guide a company through this process.
- Overreliance on assumptions or intuition. Choosing a location based on assumptions or intuition can be risky. A site selector, however, relies on data and analytics to inform their decision-making process. This ensures that a company is making an informed decision based on facts, not just assumptions.
- Timing. Time is of the essence when it comes to finding the right location. A site selector can help a company make the most of their time by doing all the legwork for them. Site selectors work with many companies, making them more efficient and able to complete the process more quickly than a company trying to do it on their own.
- Network of economic developers. A site selector has a network of economic developers that can help a company understand the nuance of incentives negotiations. These negotiations can be complex and time-consuming, but with the help of a site selector, a company can take advantage of the available incentives to maximize their success.
A professional site selector can provide a company with the expertise, data, efficiency and network that is needed to make the best location decision. A company can avoid costly mistakes and take advantage of opportunities that may have been missed without the right guidance.
