3. Cost and Financial Considerations ____ What is the overall cost of doing business in this location (real estate, utilities, insurance, transportation)?
____ What are the state and local corporate, income, property, and sales tax burdens?
____ Are there property tax abatements, investment tax credits, job tax credits, cash grants, etc., available in the proposed area? ____ Is there a minimum level of investment or job creation needed to obtain incentives? Is there a risk of clawbacks?
____ What are average wage levels and benefits costs compared to other peer markets?
____ What are the hidden or long-term costs (compliance, environmental remediation, local fees)? ____ Does the region offer financial predictability (e.g., stable tax policies, no sudden incentive clawbacks)? 4. Community and Quality of Life Considerations ____ Is the proposed region desirable for workers (i.e., affordable housing, good schools, and recreational opportunities) – especially for those who might transfer from existing operations?
____ What is the availability and affordability of healthcare services?
____ How attractive is the region to new talent (arts, culture, amenities, diversity, climate)?
____ Are there relocation support services for families (spousal employment assistance, international schools, etc.)?
____ What is the community’s track record welcoming and retaining major employers?
5. Risk and Strategic Considerations ____ Is the site vulnerable to natural disasters, severe weather, or the negative impacts of climate change (hurricanes, ice storms, floods, wildfires, sink holes, earthquakes)?
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