Week 3 Application
In this paper I will attempt to show, why choosing the right location in North America is so important. What factors are priorities in the location process, by creating a "short list" of three possible sites. Also showing where I would build and what makes it the best location.
Location, Location, Location!
Some of the factors that are priorities that should be considered when deciding where you will locate your factory, such as educational resources, skilled labor workforce, proximity to other important locations, communication systems, connection to global networking, geographical risks, recreational opportunities, etc.
Most Companies choose a location because of the availability of raw goods. Other Companies locate where the market is good to increase profits. Most Companies will locate themselves where they locate can skilled workers, some locate where the unemployment rate is high because they can save a lot of monies on what they pay their people. The way the Unemployment rate is right now in North American, finding skilled workers should be an easy task if they have chosen the right location.
The factors that drive site location are an access to key inputs, suppliers, and customers this may vary depending on the nature of the company’s products or services. Every business must consider these factors:
If the State has an income tax and or sales tax. These will vary with each state. Each State has its own regulatory requirements. Is the state you are interested in locating your business friendly to new companies or the type of business you are opening?
What are the costs of living in the City you are locating to? The unemployment rate, regulations, Rent and Utilities. Are there any economic incentives these to will vary in each City even within the same state.
Choosing the part of town can make a tremendous...