What Companies Need from Modern Manufacturing Sites

It’s official — manufacturing projects are the hottest ticket in town. Manufacturing projects are among the most competitive investments in today’s site selection landscape. For companies evaluating expansion or relocation, a single manufacturing facility can represent a multiyear commitment of capital, labor and operational risk. Construction costs, supplier contracts, salaries and long-term capital expenditures combine to shape not only the performance of a facility but also its strategic value to the business. With so much at stake, what are companies actually looking for when evaluating candidate manufacturing sites?

Cash Is King
In a capital-intensive industry, money talks. Lowering capital expenditures is a major consideration for board members evaluating where to expand or locate a manufacturing project. Direct grants from federal, state and local entities that offset costs such as land acquisition, construction and infrastructure can materially affect total project economics. Locations able to reduce upfront capital pressure often rise to the top of a site selection shortlist by improving return profiles and reducing early-stage risk.

Click here to read the original article from Area Development.