Site Selection & Location Strategy
Whether a company is looking to expand existing, add new, or consolidate existing facilities, our site selection and location strategy team can help streamline efforts and facilitate sound business decisions to maximize the overall return on capital. We are driven by helping companies across various industries find the right location.
We begin by understanding a company’s needs and preferences to begin our market identification process. During this phase, we compare markets based on supply chain needs, labor, overall tax burden, potential federal, state and local incentives, utility cost and real estate cost.
Once potential markets are identified, we proceed to site identification. Within each market, we will identify and evaluate any potential sites or buildings that meet the needs of the company. Physical, legal and financial considerations are all evaluated to determine the viability of a site. A comparison of the sites identified across markets and all the different variables involved are then compiled to help the company make a decision.
Through this tailored approach that’s specific to a company’s needs, we are able to optimize their facility location(s).
Having a site selection strategy is key to a project's success. In addition to the market considerations, incentive packages and financial considerations mentioned above, we utilize the following screening criteria as a framework for each project to allow for optimal success.
Due to the labor shortage, it is critical to assess labor availability and cost when any company is looking to expand existing, add new, or consolidate existing facilities.
Baker Tilly’s site selection and location strategies team and project development office can guide companies through a site suitability analysis, including a nationwide site review and comparison on key labor metrics. Our labor analytics solution identifies optimal regions for your project based on employment numbers, wages and even commuting patterns.