Recruitment By the Numbers

This information appeared in the June 2017 issue as part of the story “Get the Deal Done”

Going through the Process

Companies going through the site selection process have to meticulously weigh costs and benefits between dozens of different communities. It can get complicated.
Source: Area Development magazine survey, 2016
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Time needed for information gathering
3-6 months: 7%
6-12 months: 21%
1-2 years: 49%
More than 2 years: 24%
 
Number of locations or economic development organizations making “the short list”
1-5: 93%
5-10: 4%
More than 10: 3%
 
Number of locations visited before finalizing the location decision
1 or 2: 28%
Up to 5: 60%
More than 5: 12%
 
 
Looking for a Match
The top 10 community factors for site selectors considering investment. The numbers are what percentage of respondents deemed the factor “very important” or “important.”
Source: Area Development magazine survey, 2016
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100% Availability of skilled labor
98.7% Highway accessibility
95.8% Labor costs
95.8% Proximity to major markets
95.8% State and local incentives
95.8% Available land
95.8% Tax exemptions
93% Energy availability and costs
93% Proximity to suppliers
91.7% Training programs/technical schools