CRITICAL INSIGHTS FOR Automotive, Industrial, Distribution & Manufacturing Facility Site Selection Process By: Barry Cleveland, Patrick Gupton, Sugandh Rajpal, Michael Cochrane, and Cindy HousePearson
Property selection for companies establishing or relocating industrial and manufacturing facilities has many vital considerations including availability of adequate contiguous land, suitability of the property for their business, access to resources, ongoing materials availability, tax abatements, incentives, availability of utilities, and access to a labor pool in the vicinity. Selecting an experienced and regionally knowledgeable consultant team results in less time wasted, targeted identification of suitable properties, and a streamlined vetting process of potential sites. OTHER KEY BENEFITS INCLUDE: •
Providing due diligence and site evaluations to identify or eliminate potential sites quickly
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Meeting evaluation, reporting, and due diligence requirements
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Determining the viability of a site for the intended manufacturing operations
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Maintaining relationships with officials and a working knowledge of state and local development/site selection regulations
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Creating informed concept layouts of the facility in operation
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Public Sites. Available public sites can be found on county/state websites, chambers of commerce, economic development
organizations and on Development Board and utility websites such as Tennessee Valley Authority (TVA). Public properties listed as Select Tennessee on the IDB sites must undergo a thorough due diligence process that may include a Phase I environmental assessment, wetlands review, survey, geotechnical evaluation, endangered species review, and archaeological investigations. Fully vetted sites become available to anyone searching for properties. Other states have similar industrial development programs that increase industrial opportunities for the community. While programs may differ between states, most programs cite the criteria above as the minimum required for an initial evaluation. Private Sites. Additional programs such as Select Certified Site programs help communities prepare industrial sites for investment and job creation. The program sets rigorous standards to give companies detailed