Site selection shake up: a volatile combination of recent events--the cooling of a red-hot economy, the aftermath of the Sept. 11 terrorist attacks, the collapse of Enron--has had a sobering effect on the site selection process. (Cover Story).(Cover Story)

Plants Sites & Parks, July, 2002 by Berger, James T.

"There are fundamental changes in corporate site selection," says John H. Boyd, president of Princeton, N.J.-based The Boyd Co. Inc. "We are now in a softened and very fundamentally changed economy."

"The post-9/11 world has made travel a huge site selection issue," he adds. "And the Enron debacle has shifted corporate attention from more qualitative issues to more quantitative issues, such as the integrity of the corporate books."

Lousy economy cures labor-shortage ills

"I see the economy as causing the major difference between the way things are now compared with 18 months ago," says Saul Grohs, principal of Location Advisory Services, in Fords, N.J. "Before, the main consideration was locating your business where you could find workers to...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.