Northern Australia Infrastructure Fund backs Onslow port upgrade
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Human Capital Important to Corporate Location Decisions
May 27, 2018
Site Selection Factors
March 20, 2019
Area Development has released the results of its annual Corporate Survey. ‘Availability of skills labour’ was noted as the single most important site selection factor, followed closely by ‘labour cost’.
These results demonstrate that workforce is the most important aspect that businesses look for when considering new locations. Other important site selection factors include:
Corporate tax rate
Quality of life
State and local incentives
Combined these factors provide a perspective on how businesses make decisions regarding new investments. Over 80% of investment decision makers said that these factors were ‘important’ or ‘very important’.
As you are thinking about attracting investment to your community, you need to understand these factors as well as how to position your community to get in front of prospective investors.
Feel free to get in touch with us (1800-940-990 or email@example.com) if you want to discuss attracting investment to your community.