Site Selector https://www.thesiteselector.com/ A product of Duff & Phelps and StageXchange Fri, 27 Mar 2020 18:48:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 SITE Selector™’s Digital RFP – Changing the Game https://www.thesiteselector.com/2020/03/27/site-selectors-digital-rfp-changing-the-game/ Fri, 27 Mar 2020 18:38:44 +0000 https://www.thesiteselector.com/?p=23490 Since launching, the SITE Selector™ Marketplace has been progressing at a steady pace. In February, the first communities were automatically notified of “Matched” projects listed on the Marketplace.   Projects were “Matched” to communities based on data collected during the vetting process along with a variety of additional resources. In fact, SITE Selector™ typically analyzes 155 key...

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Since launching, the SITE Selector™ Marketplace has been progressing at a steady pace. In February, the first communities were automatically notified of “Matched” projects listed on the Marketplace.  

Projects were “Matched” to communities based on data collected during the vetting process along with a variety of additional resources. In fact, SITE Selector™ typically analyzes 155 key variables when assessing project/community fit.

EDO Community Response

The response from Economic Development Organizations (EDOs) has been overwhelmingly positive. Eighty percent of the communities that were identified by SITE Selector™ as “Matches” actually requested the Digital RFP. One unexpected result was the number of EDO respondents who shared the RFP with their colleagues.

Process

The EDOs we surveyed truly appreciated how simple the whole process is. The Digital RFP is clean, simple and user-friendly. If you can use Facebook or LinkedIn, you’ll have no problem navigating through the RFP. The RFP is organized into nine sections where information is collected and saved. One key benefit of the Digital RFP is the ability for communities to grant administrative access to their partners (utility companies, state or regional EDOs, etc.). This feature allows EDOs to collaborate with a variety of stakeholders efficiently by eliminating redundant manual data entry.   

Dashboard

Of all the incredible feedback we’ve received from EDOs using SITE Selector™, there is one feature that is clearly the most appreciated. That feature is the EDO Dashboard. Today many EDOs find themselves on the receiving end of a seemingly never-ending stream of urgent RFIs and RFPs with almost impossible deadlines. What is more frustrating than collecting and submitting the same information over and over again is not knowing what the status of project is after all the effort has been made to submit. Was the project cancelled?  Has their site been eliminated? Have they been shortlisted? With the EDO Dashboard, communities will finally know where they stand in real-time. As companies eliminate, shortlist or request additional information, EDOs are instantly informed.  

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Coronavirus Update https://www.thesiteselector.com/2020/03/20/coronavirus-update/ Fri, 20 Mar 2020 16:54:52 +0000 https://www.thesiteselector.com/?p=23482 With the global travel restrictions and quarantines implemented as a result of the coronavirus (COVID-19), global economies are faltering and in many cases business expansion plans are halting indefinitely. We feel a responsibility as members of a global community to help businesses, countries and individuals offset the negative aspects of the quarantine and yet continue...

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With the global travel restrictions and quarantines implemented as a result of the coronavirus (COVID-19), global economies are faltering and in many cases business expansion plans are halting indefinitely. We feel a responsibility as members of a global community to help businesses, countries and individuals offset the negative aspects of the quarantine and yet continue their business operations.

SITE Selector™ is a digital marketplace where companies can continue to connect with states and local communities. In the marketplace there are online tools which allow businesses that wish to invest in the U.S. to review sites virtually, perform due diligence, negotiate incentives and make selections without having to travel.

SITE Selector™ offers comprehensive site selection tools that match business requirements to locations based on 150 different data points and relevancy scoring. Companies can select and rank criteria based on business needs and preferences to find a site or location and then engage the appropriate economic development organizations. The collaborative nature of the virtual marketplace also makes it extremely easy for companies to work closely with EDOs and public-private partnerships and to advance their business plans during these challenging times. 

Our position has always been to minimize risk for our clients, but we would like to convey that we also hope to minimize impact on businesses when events such as the COVID-19 pandemic occur. Economic stability is vital to quality of life and human health. By assisting businesses with their long-term goals, we help to promote both.

Click here to learn more about how SITE Selector can assist you

About SITE Selector™:

SITE Selector™ is the first digital marketplace for site selection. A product of Duff & Phelps and powered by StageXchange, the online portal brings economic development offices (EDOs) and companies together. SITE Selector TM provides information, tools and a workflow that enables teams on both sides of the market to identify, analyze, select and negotiate new locations for maximum impact and efficiency. For more information, visit www.thesiteselector.com or email: info@thesiteselector.com

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“My Maps” – SITE Selector™ adds customizable mapping tools https://www.thesiteselector.com/2020/03/18/my-maps-site-selector-adds-customizable-mapping-tools/ Wed, 18 Mar 2020 14:14:35 +0000 https://www.thesiteselector.com/?p=23478 Introducing “My Maps” the latest innovation from SITE Selector™.  The process of site selection involves being able to collect, manage, and analyze data efficiently and accurately. This powerful new visualization tool enables teams to save time and improve client satisfaction by quickly highlighting previously hidden challenges and advantages of potential sites graphically.  My Maps was...

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Introducing “My Maps” the latest innovation from SITE Selector™.  The process of site selection involves being able to collect, manage, and analyze data efficiently and accurately. This powerful new visualization tool enables teams to save time and improve client satisfaction by quickly highlighting previously hidden challenges and advantages of potential sites graphically. 

My Maps was designed to remove the human error caused by toggling between Google maps, spreadsheets, and other data collection apps.  Rather than attempt to make sense of information delivered out of context, teams can now view that information in an organized and visually appealing format.

Users are invited to insert relevant data like key suppliers or competitors for each site that can be combined with available public infrastructure data (highways, electric lines, sewer, water etc.) to create a wholistic view of potential site.  My Maps allows for multiple sites to combined with custom data points into a single comprehensive map.  

The My Maps feature saves times and creates value by bringing into focus the data you care about into a usable visual context. My Maps joins a host of SITE Selector™ data driven features that enable users to manage information efficiently.

About SITE Selector™:

SITE Selector™ is the premier marketplace where Economic Development Offices and growing companies look for mutually beneficial relationships. SITE Selector provides information, tools and a workflow allowing both sides of the market to analyze, refine, select and negotiate for maximum impact and efficiency.

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“Start Here” – SITE Selector™ Adds STATEFINDER Tool https://www.thesiteselector.com/2020/03/18/start-here-site-selector-adds-statefinder-tool/ Wed, 18 Mar 2020 13:52:40 +0000 https://www.thesiteselector.com/?p=23465 STATEFINDER is the latest addition to SITE Selector™ , the online marketplace that is quietly disrupting the site selection industry. SITE Selector™ is the premier marketplace where economic development offices and growing companies look for mutually beneficial relationships. SITE Selector™ provides information, tools and a workflow allowing both sides of the market to analyze, refine, select...

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STATEFINDER is the latest addition to SITE Selector™ , the online marketplace that is quietly disrupting the site selection industry. SITE Selector™ is the premier marketplace where economic development offices and growing companies look for mutually beneficial relationships. SITE Selector™ provides information, tools and a workflow allowing both sides of the market to analyze, refine, select and negotiate for maximum impact and efficiency.

The STATEFINDER tool enables users to quickly narrow their site searches to a few U.S. states. STATEFINDER was designed to streamline the beginning of the site selection process with a data-driven approach free of any hidden bias. STATEFINDER is another example of how SITE Selector is leveling the playing field for states in the increasing competitive world of economic development.

“Start Here” – Results from STATEFINDER’s ranking search feature will be particularly helpful to companies who are just beginning the process of identifying potential locations for their projects. Given the enormous diversity of sites available across the U.S. coupled with the extreme differences in business climate, work force and infrastructure, determining where to start your search can be a daunting task. STATEFINDER allows users to narrow the focus to states that best fit their project criteria in an instant. 

How does it work? 

Users are asked to assign a level of importance from 0 to 100 across specific criteria using a slide bar tool. Powerful AI instantly returns an ordered list of states based upon the user input. This instant feedback allows users to test the sensitivity of each criteria in a matter of moments as they start the process of identifying potential sites.

Register your project at www.TheSITESelector.com to start your search for the perfect location.

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Why EDOs Love SITE Selector https://www.thesiteselector.com/2020/02/25/why-edos-love-site-selector/ Tue, 25 Feb 2020 21:59:00 +0000 https://www.thesiteselector.com/?p=23456 In 2019, the SITE Selector team spoke with EDOs and partnership agencies to learn more about their current needs so that the SITE Selector tool could better support their mission of attracting and engaging investors. The mission critical knowledge imparted on the listening tour brought focus to development efforts and led to the creation of...

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In 2019, the SITE Selector team spoke with EDOs and partnership agencies to learn more about their current needs so that the SITE Selector tool could better support their mission of attracting and engaging investors. The mission critical knowledge imparted on the listening tour brought focus to development efforts and led to the creation of several new and exciting features. 

New Features, Real-Time Feedback, Equal Footing

SITE Selector provides a unique toolset that not only helps investor teams locate opportunities and analyze them against customer requirements, it also provides EDOs with valuable information about trends in Foreign Direct Investment and a concrete way to track and engage investors. Positive feedback from EDO clients has centered around three primary areas: visibility for non-metropolitan areas, relationship management, and cost. Efficient economic development is a critical component to national, state and regional health. Large metro areas and cities have more funds available to help EDOs promote sites and market to investors. The same is not true for rural areas or less notable regions. In the past, smaller EDOs have been forced to use creative methods to attract investors and demonstrate value and are still oftentimes overlooked by site selectors. Part of the power of SITE Selector is its ability to level the playing field. Selectors insert and rank their site requirements and the tool’s AI returns an unbiased list of available sites that will meet their needs. SITE Selector does not charge EDOs to list their sites nor does it enable paid promotion. This agnostic search process not only provides a powerful equalizer for smaller EDOs, it also creates a more accurate match for selection teams. 

Tracking and Engagement 

One of the tool’s immediate benefits for EDOs is the ability to track engagement through their customized dashboard. They can view who has shown interest in a site and communicate in real time with those who may have questions about an opportunity. Tracking is vital to a marketing team’s agility because it lets them know from views and interest what selection teams are and are not looking for. This powerful feedback will help EDOs evaluate their own marketing strategies and provide insight on how resources are best allocated to attract investment.  

Ratings

At the conclusion of each site selection project, both EDOs and corporate clients will have the opportunity to give each other feedback and a rating. With this feature, communities have the opportunity to boost their status while providing insight on the track record of the corporate clients they are pursuing. 

Elimination of Duplicate Effort 

From the dashboard, EDOs can see the status of every RFP submitted, open items and submission deadlines. Users can also see when their site was last reviewed. With the recent additions to the platform, EDOs can share uploaded sites with third parties, eliminating the need to duplicate effort each time an interested prospect is identified. 

It’s Free

EDOs are given free access to load and promote sites in their region. There is no cost to join the SITE Selector community. Not now. Not in the future. We understand that all too often EDOs are presented with useful “free” tools that are only temporarily free or have a base level that is free, with all the advanced feature offered at a platinum level. SITE Selector was designed to make the site selection process quick, easy and better suited to fulfill the needs of all stakeholders. In order to do this, we must have accurate data and the contributions of EDOs are vital to that accuracy. In this process, we help each other.

SITE SelectorTM to exhibit at the International Economic Development Council (IEDC) Leadership Summit next month. Led by Duff & Phelps’ Site Selection and Incentives Advisory practice leader, Greg Burkart, and Keith Hopkins, StageXchange’s CEO, SITE SelectorTM will showcase its digital marketplace at the Summit, taking place February 9-11, 2020 in Tampa, Florida.IEDC’s Leadership Summit is a unique gathering of senior-level and CEcD-certified economic developers. Experience peer networking and active discussions on the latest issues affecting economic development leaders. The 2020 IEDC Leadership Summit will engage leaders with new strategies and inspiration for creating a lasting and measurable social impact. By highlighting community examples within the conference programming along with the latest thinking from subject matter experts, this Summit will help reshape the core values and DNA of economic development practice going forward.

About SITE Selector TM:

SITE Selector TM is the premier marketplace where Economic Development Offices and growing companies look for mutually beneficial relationships. SITE Selector TM provides information, tools and workflow allowing both sides of the market to analyze, refine, select and negotiate for maximum impact and efficiency.

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SITE SelectorTM to exhibit at the International Economic Development Council (IEDC) Leadership Summit https://www.thesiteselector.com/2020/01/27/site-selectortm-to-exhibit-at-the-international-economic-development-council-iedc-leadership-summit/ Mon, 27 Jan 2020 21:15:08 +0000 https://www.thesiteselector.com/?p=23453 SITE SelectorTM to exhibit at the International Economic Development Council (IEDC) Leadership Summit next month. Led by Duff & Phelps’ Site Selection and Incentives Advisory practice leader, Greg Burkart, and Keith Hopkins, StageXchange’s CEO, SITE SelectorTM will showcase its digital marketplace at the Summit, taking place February 9-11, 2020 in Tampa, Florida.IEDC’s Leadership Summit is...

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SITE SelectorTM to exhibit at the International Economic Development Council (IEDC) Leadership Summit next month. Led by Duff & Phelps’ Site Selection and Incentives Advisory practice leader, Greg Burkart, and Keith Hopkins, StageXchange’s CEO, SITE SelectorTM will showcase its digital marketplace at the Summit, taking place February 9-11, 2020 in Tampa, Florida.IEDC’s Leadership Summit is a unique gathering of senior-level and CEcD-certified economic developers. Experience peer networking and active discussions on the latest issues affecting economic development leaders. The 2020 IEDC Leadership Summit will engage leaders with new strategies and inspiration for creating a lasting and measurable social impact. By highlighting community examples within the conference programming along with the latest thinking from subject matter experts, this Summit will help reshape the core values and DNA of economic development practice going forward.

Key themes for the conference include:

  • Talent attraction and retention
  • Fostering economic opportunity
  • Economic transformation
  • Marketing a region collaboratively
  • Economic development

Source: https://www.iedcevents.org/Tampa/index.html

About IEDC:

is a non-profit, non-partisan membership organization serving economic developers. With more than 5,000 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities, by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban and local to international, IEDC’s members are engaged in the full range of economic development experience. Given the breadth of economic development work, our members are employed in a wide variety of settings including local, state, provincial and federal governments, public-private partnerships, chambers of commerce, universities and a variety of other institutions. When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions. For more information, visit www.iedconline.org.

About SITE Selector TM:

SITE Selector TM is the first digital marketplace for site selection. A product of Duff & Phelps and powered by StageXchange, the online portal brings economic development offices (EDOs) and companies together . SITE Selector TM provides information, tools and a workflow that enables teams on both sides of the market to identify, analyze,select and negotiate  new locations for maximum impact and efficiency. For more information, visit www.thesiteselector.com

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Solving the Site Selection Labor Crisis (Part 3): Turning Data Into Creative Solutions https://www.duffandphelps.com/insights/publications/state-and-local-tax/solving-the-site-selection-labor-crisis-part-3 Fri, 10 May 2019 06:46:21 +0000 http://thesiteselector.com/?p=23316 The post Solving the Site Selection Labor Crisis (Part 3): Turning Data Into Creative Solutions appeared first on Site Selector.

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Solving the Site Selection Labor Crisis (Part 2) – You’ve gathered all your data, now what? https://www.duffandphelps.com/insights/publications/state-and-local-tax/solving-the-site-selection-labor-crisis-part-2 Fri, 10 May 2019 06:44:45 +0000 http://thesiteselector.com/?p=23314 The post Solving the Site Selection Labor Crisis (Part 2) – You’ve gathered all your data, now what? appeared first on Site Selector.

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Millennials Spark Seismic Shift in Site Selection https://www.duffandphelps.com/about-us/news/gregory-burkart-published-in-area-development-magazine Fri, 10 May 2019 03:27:59 +0000 http://thesiteselector.com/?p=23302 The post Millennials Spark Seismic Shift in Site Selection appeared first on Site Selector.

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