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Why Site Selection?

In order to improve efficiency and ensure long-term success, it is important to take into consideration the variations across the more than 3,000 counties in the United States:

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WorkForce

 

Analysis of availability & quality of labor

Workforce: Availability & Quality of Labor. Key Metrics Key Metrics: - Labor Supply (45-Min Drive Time) - Unemployment Rate (current & 5-yr. average) - Total Population & Projections - Educational Attainment - Skilled Labor Density - Local Population - Demographics - Technical Training - Competition & related facilities within vicinity - Industry Employment

Assessment of Needs

01

Together with the client, we develop a holistic understanding of your mission and product and establish the resulting key parameters that will guide your site selection.

02

Request for Information (RFI)

We prepare a tailored, anonymous tender document to be distributed in the geographic target area devised with the client; using a proprietary digital platform, responses are collected. The analysts focus on providing the client with the widest possible range of viable options.

03

Long & Shortlist

After an in-depth data analysis, we first prepare a longlist (approximately 20 targets). This long list is then shortened to a list of key candidates following a “Pitch-Week” in the United States. Key criteria include suitability of real estate, logistical factors, broad labor market considerations.

04

Site Visits & Negotiations

Site visits to short-listed communities (organized & accompanied by the project team). Detailed due diligence commences regarding site, utilities, labor (cost & programs), incentives, and more.

05

Final Decision

The analysts match the statistical data with the data collected on-site to prepare a holistic site matrix that will guide you to your decision.

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Would like to know more?

Interest to learn more? Reach out to us via associate(at)terra-logis.com

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