What are the Key Considerations for Choosing a Location?
- Real Estate
Rental or purchasing cost, location, site and building amenities and utilities need to be assessed to balance the cost and usability of the facility.
- Connectivity
Major infrastructure and transportation options as well as ease of access to customers and/or suppliers need to be evaluated to ensure connectivity between the firm and business stakeholders.
- Workforce
Availability of skilled and/or unskilled labor as well as average labor and social insurance costs need to be compared to choose the region with both a qualified workforce and affordable labor cost.
- Regulations
Certifications and relevant incentives of the region need to be studied to select a location with stable and positive tax regulations and investment policies for the industry over the long term.
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