Corporate Site Selection in 2011/2012
The site selection industry was in a state of depression from 2008 through most of 2010. Main culprit was a “perfect storm” economic downturn. Fortunately, conditions began to improve in late 2010. The upward trend has held firm in 2011 and should accelerate next year. Companies across most industry sectors are now committed to establishing new facilities to capitalize on opportunities afforded by a gradually improving economy. Importantly, even though we are truly in a global economy, the U.S. is doing very well in this resuscitation of corporate location activity. This includes manufacturing. Additionally, foreign direct investment is playing a key role in the U.S. site selection recovery. Roughly 18 percent of new plants are foreign owned. Interestingly, the BRIC countries are becoming players in U.S. new facility investment. This is one positive aspect, from a U.S. perspective, of globalization. more....