The Art of Site Selection: Key Considerations for Business Growth

In this episode of Let’s Talk Tax, host Justin Gephart discusses ⁠site selection⁠ and its crucial role in business growth with guest ⁠Ben Worrell⁠, a principal in McGuire Sponsel’s ⁠Location Advisory Services⁠. They explore the various factors influencing site selection decisions, such as workforce availability, utility rates, land accessibility, and local infrastructure. The discussion also covers the impact of energy resources, water issues, and labor force challenges on site selection. As states compete to attract businesses, Ben highlights the importance of incentives and the evolving role of community amenities. Additionally, they address international considerations and the ⁠complexity of site development processes in the U.S.⁠, emphasizing the importance of efficient planning and adaptation to varying state and local requirements.