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The Site Selection Process
Our Step-By-Step Approach to Corporate Site Selection
For companies looking to expand operations, selecting the optimal location is a complex but critical decision. At MWM Consulting, our expertise guides clients through every stage of the corporate site selection process. In this post, we’ll provide an insider’s view into the key phases we use to help corporations find ideal new facility locations.
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Initial Client Needs AssessmentList Item 1
First, we meet with clients to understand their needs and wants for a new location. This involves identifying critical parameters like required acreage, proximity to interstates, utility capacity, labor force availability, and other must-have criteria. Clearly defining these needs lays the foundation.
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Develop & Issue RFIList Item 2
With the client requirements established, our team develops a detailed Request for Information (RFI) to issue to target communities. The RFI provides specifics on the project like jobs, investment, site needs, and timing. We strategically send the RFI to economic development organizations (EDOs) in locations that fit the parameters.
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Evaluate RFI ResponsesList Item 3
The EDOs will respond to the RFI with available site and building options, utility capacity, workforce stats, incentives, and other details for their area. We thoroughly evaluate each response through a desktop review to identify the top contenders that closely align with the client’s criteria.
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Shortlist RFI VisitsList Item 4
We present the narrowed list of potential locations to the client and coordinate site visits. Meeting the EDOs and touring the proposed sites in person allows for a deeper evaluation of fit. Extensive Q&A and follow-ups occur to determine a shortlist of around 5 finalist locations.
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Final Analysis & Decision
For the finalist locations, we develop a comprehensive financial and comparative analyses detailing the pros and cons of each. This aids the client's decision-making process. We guide incentive negotiations before they make their final site selection. MWM shepherds clients through every step.
Choosing the right location is one of the most pivotal decisions for expanding companies. It profoundly impacts costs, logistics, talent access, and more. With so much on the line, it's essential to get it right. That's why partnering with experienced advisors like MWM Consulting provides invaluable guidance. We deeply understand the intricacies of site selection through our proven methodology.
We eliminate guesswork from this high-stakes process by evaluating options based on the client's unique needs and providing data-driven insights. We aim to deliver confidence that companies make optimal growth decisions for their goals. Whether it's workforce analysis, modeling incentives, or on-site intel, we become trusted partners for end-to-end guidance. Contact MWM Consulting to have an expert advisor tailor the site selection journey for your expansion goals.
