When selecting a site for your business, it's important to explore a wide range of
resources to make an informed decision. While some resources may be more commonly used, there are also some underutilized ones that can provide valuable insights. Here are some underutilized resources to consider:
Local Business Associations:
Joining or reaching out to local business associations and chambers of commerce can provide you with access to a network of local businesses. They can offer valuable insights into the local business environment, regulations, and potential challenges.
Small Business Development Centers (SBDCs):
SBDCs offer free or low-cost consulting services to help entrepreneurs and small businesses with site selection, business planning, and market research. They often have access to data and resources specific to your region.
Economic Development Agencies:
These agencies are typically focused on promoting economic growth within a specific region. They can provide information on incentives, grants, and resources available for businesses considering a location in their jurisdiction.
Local Universities and Colleges:
Academic institutions often conduct research and provide data on local demographics, market trends, and economic conditions. Reach out to their business or geography departments for assistance.
GIS (Geographic Information Systems) Technology:
GIS can provide detailed geographic data, including demographic information, traffic patterns, and proximity to suppliers and customers. Many cities and counties offer GIS services to the public.
Local Real Estate Professionals:
Real estate agents and brokers who specialize in commercial properties often have in-depth knowledge about the local market and can help you find suitable locations based on your specific needs.
Social Media and Online Communities:
Online forums, social media groups, and community websites can provide insights into the local business scene, challenges, and opportunities. Engaging with local entrepreneurs and residents can offer a unique perspective.
Local Government Planning Departments:
These departments can provide information on zoning regulations, permitting processes, and future development plans for the area you're considering. They may also have access to infrastructure maps and land use data.
Regional Planning Commissions:
In some areas, regional planning commissions compile comprehensive data on demographics, transportation, and economic trends. They can be an excellent source of regional information.
Industry-Specific Trade Associations:
Depending on your business type, industry-specific trade associations may have data and resources related to optimal locations and market conditions for your particular industry.
Site Selection Consultants:
While not entirely underutilized, site selection consultants can be valuable, especially for larger businesses. They specialize in helping businesses find the ideal locations based on various factors, including logistics, workforce availability, and cost considerations.
Where the pieces fit:
Remember that combining information from multiple sources is often the best approach when selecting a site for your business. Each resource can provide a piece of the puzzle, and by leveraging both common and underutilized sources, you can make a more informed decision that aligns with your business goals and needs.