Maybe it’s the feel of fall in the air, but I am thinking about change, the inevitable part of economic development — there can’t be ‘development’ without ‘developing’. From time to time, the economic developer must think about what kind of change the community wants enough to actually support and is it the kind of change that provides professional self-actualization. Or, is it even satisfying base needs on the hierarchy that Mazlow made famous?
Companies should do the same. Did they locate in an area that supported innovation and rapid growth? Would they now be better served in an area with a stable, reliable workforce? Do they need to make adjustments due to their product life cycle? Was the initial location decision based on finances at the time rather than having room to grow, designing an efficient plant layout, accessing an interstate highway, or being in an attainment area?
A company contemplating a site selection decision has a lot to consider. A receptive community provides a professional economic developer who knows his or her commmunity and the overall business environment well and can assist you by providing answers to your site selection related need for information.