There are many reasons that a company would feel the need to relocate to further grow their business. Whether it’s because of expansion & growth, to reduce costs, building of better facilities, or to access new markets a change of location can be the next big step in growing a company.
Relocation studies can also be known as mobility solutions, because when you are moving an aspect of your business it’s not only an issue of brick and mortar, but also people. When making the decision to relocate any aspect of your business whether it is manufacturing, corporate headquarters or offices there are multiple facets to the decision that need to be considered. When considering relocation, the options need to be weighed for both the financial incentives in way of taxes or cost of living and real estate, but if you are planning on relocating employees there are other aspects that need to be considered.
Location Studies Support Key Strategic Decisions
When making a decision on relocated any aspect of a business there are a lot of pieces that need to come together in order to make a choice that has the best possible outcome. Location modeling is a process of searching for the best location for one or more facilities and takes into consideration the proposed areas infrastructure in relocation decision making. Difficulties lie within finding a balance between financial incentives and physical capabilities. If you move to city A with a large tax incentive, but a poor infrastructure, is it better than moving to city B with an advanced infrastructure but less impressive tax incentive? Finding the balance between financial and physical feasibility is a very fine line that requires a lot of research and tough decisions.
Location Studies For Recruiting & Talent Acquisition
Whether it is a corporate headquarters or a manufacturing plant, having the knowledge necessary to make a decision that is best for your business can be an intimidating and time-consuming task. Between understanding how much money you can save by moving to a new area, how much it costs to relocate existing employees, hiring new employees, knowledge of existing/missing infrastructure, etc., it can feel overwhelming and bog down decision making in the long run.
Aegis can help with relocation and mobility solutions by:
- Doing the research for you
- Presenting the research clearly and concisely
- Creating plans and modeling to help you make an informed decision
- Helping with not only moving the business, but the employees that make it work.