Data unavailable

Site Selection: Phase 1 - Business Plan

Published on 07/26/2016 12:54 PM and last updated on 07/01/2021 14:01 PM

« Back to Overview | Go to Phase 2 - Review »

Phase 1
Business Plan

As companies embark upon the site selection process, it is imperative the right teams are engaged and that a business plan is created with input from all stakeholders. The business plan is the foundation and the roadmap for the site selection process.

 Steps in Phase 1 - Business Plan
  1. Identify internal stakeholders
  2. Develop business requirements
  3. Determine real estate needs - lease vs. buy

Things to remember:

Choosing a location for your U.S. Manufacturing operations should always start with a well thought-through business plan. Identify project requirements with internal stakeholders to ensure all business factors are considered in the site selection process:

  • Stakeholders
  • Timeline
  • Labor
  • Suppliers
  • Transportation
  • Utilities
  • Real Estate
  • Taxes/Incentives
  • Regulatory Environment
 Recommended Reading

Useful Websites
  • U.S. Small Business Administration (www.sba.gov)
  • The Site Selectors Guild (www.siteselectorsguild.com)
  • Thomas Net
  • U.S. Bureau of Labor Statistics (www.bls.gov)
  • U.S. Census Bureau (www.census.gov)
  • Area Development Magazine (www.areadevelopment.com/corporate-site-selection-factors)
  • Site Selection Magazine (www.siteselection.com)

« Back to Overview | Go to Phase 2 - Review »

Disclaimer: The information provided on this Resource Page about organizations, businesses or services is for general informational purposes. Inclusion does not mean that Walmart Inc. endorses any organization, business or service. Further, Walmart Inc. cannot and does not make any guarantees as to the quality of services or products provided by any organization, business or service listed here.

Was this answer useful :
Yes No
Thank you for your feedback


Answers others found helpful