Duff & Phelps’ AI Powered SITE Selector Helps State and Local Economic Development Organizations (EDOs) Access Projects

  • Home
  • News
  • Duff & Phelps’ AI Powered SITE Selector Helps State and Local Economic Development Organizations (EDOs) Access Projects
Image

Duff & Phelps’ AI Powered SITE Selector Helps State and Local Economic Development Organizations (EDOs) Access Projects

  • 11 Nov 2020

Corporate site selection has transformed – has your EDO? SITE Selector launched well-before the rise of remote working; however, the transition to a more digital age in 2020 certainly accelerated the need for digital project capabilities. This digital transformation has also given companies the ability to consider locations they may not have known about previously.

Information sharing for the modern EDO

SITE Selector's proprietary AI technology weighs community data against a project's specific needs. Through this swift and thorough process, corporate decision-makers can virtually “see” more qualified sites. This process prevents time wasted considering locations that can be eliminated automatically from the search. SITE Selector’s Site Scoring Tool ranks each available site across crucial factors, including transportation, economic Incentives, quality of life, availability of relevant labor, and cost of real estate.

Last month, SITE Selector was presented at an Austin Chamber Regional Partners Meetings. We appreciate the Austin Chamber for providing us the opportunity to share this incredible technology with their EDO network. The Austin-area has been a hotbed of growth and relocations for some time now, and we doubt that will change anytime soon. The shift to remote work – in some cases permanently – has allowed more talent than ever to live somewhere where the jobs may not necessarily yet exist physically.

U.S. EDOs are invited to create their free profile in the EDO dashboard, which helps SITE Selector algorithms to find the top project matches. This tool substantially reduces the amount of information required during the RFP process. In your profile, you can include key information including but not limited to:

  • Recent Wins
  • Targeted & Existing Industry Clusters
  • Community Promotional Videos
  • Top Employers
  • Economic Incentive Programs
  • Relevant News Articles
Image

There are currently over 2300 state, local, and regional economic development organizations from across the United States with SITE Selector profiles. Through the EDO dashboard, communities have real-time access to active projects with the goal of matching companies with the locations in which they are poised to thrive.

Ready to learn more? Contact us to schedule a demo. Also, request an invite to join our SITE Selector Training Webinar this Thursday, November 12th from 1 PM – 1:30 PM Eastern.