It’s time for the next installment of Strategic Development Group’s countdown. Our SDG “Top Ten” list covers the most frequent mistakes companies make in the site selection process. Check out the other installments of our countdown!
Mistake #2: Lack of Site Due Diligence
With all the factors involved in selecting a site on which your business will thrive, it’s easy to forget the geotechnical and environmental aspects. It is understandable that we get hung up on the price of the land, the workforce available, and the incentives being offered. However, if we fail to do the due diligence around the site’s physical health, businesses could endure significant unforeseen costs and delays.
Geotechnical issues can be very challenging.
- Poor soil types
- Rock formations or sinkholes
- High water tables or the presence of wetlands
- Archaeological issues
- Endangered species
Take the undetected presence of an endangered species such as the red-cockaded woodpecker, which inhabits old stands of pine trees in the Southeast. Building in their habitat can result in serious project delays, generate significant mitigation costs, and may render portions of sites undevelopable.
Work with a site selection team experienced in navigating geotechnical and environmental reviews. Taking the time to engage the right people and data sources to evaluate the site will ensure a smoother process when it is time to break ground and build.
Our experienced team is singularly focused on finding your project the best site for long-term success. We take a holistic approach and have the expertise to negotiate and navigate the intricacies of your unique company and needs.
Founded in 1999, SDG is a highly specialized site selection consulting firm. We focus on identifying optimum locations promptly, maximizing the value of incentives, and minimizing risk for corporations from across the globe. SDG has managed projects with capital investment from $15 million to over $1 billion for companies in a wide range of industries including automotive, chemical, steel, and life science.