Factors influencing corporate location decisions
Top five and bottom five factors influencing corporate decisions on relocation — and where union-related factors fall on the list:
1. Labor costs
2. Highway access
3. Tax exemptions
4. Energy availability and costs
5. Corporate tax rate
11. Low union profile
14. Right to work state
22. Availability of unskilled labor
23. Accessibility to major airport
24. Proximity to technical university
25. Railroad service
26. Waterway or oceanport accessibility
— 75.8 percent of companies listed "low union profile" as a priority.
— 74 percent said they preferred a right-to-work state.
— The No. 1 factor, labor costs, was ranked by 96.7 percent of companies.
— The No. 26 factor was ranked by 17.7 percent.
Source: Area Development, 2009 "site selection" survey of corporations.
Filed under: technology by Finance Boss