Company: $15M Industrial Manufacturing Company located outside the U.S.
Scope of Work: Open and grow a facility in the U.S.
Specific requirements;
- Engineering and direct labor pool at lower than market rate
- Less expensive and available infrastructure (e.g. bldg.)
- Community sponsored programs (e.g. training)
- Target a 2nd tier community
- Introduction to senior business and civic leaders of area
- Community programs to help cover expansion costs
- Moved 80 immediately and hired 125+ employees over 3 years - average wage $44,000
- Infrastructure costs reduced by 20%
- Labor costs reduced by 15%
- Established strong relation with local government leadership (Mayor, Governor)
- New 110,000 sq ft facility built to suit with a 20 year lease at $3.60/sq ft (vs. standard rate of $13.00/sq ft)
- Building site of 8 acres in the Research Park provided at no charge for future expansion
- Incentive Grants totaling $7 Million - $2.5 million cash up front with balance over 5 years
Service Bureau Profile
Company: $35M Service Bureau Company
Scope of Work: Evaluate expansion and re-deployment options in Canada.
Specific requirements;
- Large pool of skilled labor at lower average wage
- Less expensive and available infrastructure (e.g. bldg.)
- Community sponsored programs (e.g. training)
- Easily accessible by air
- Introduction to senior business and civic leaders of area
- Community programs to help with expansion costs
- 1000+ employees hired
- Infrastructure costs reduced by 15%
- Labor costs reduced by 20%
- Lowered turnover rate by 50%
- Established strong relationship with local government leadership (Mayor)
- Secured additional business contracts via local business relationship
- Facility built out to meet client's requirements and provided at below-market lease rate
- Incentive Grants totaling $10 Million - 40% of cash upon start-up of facilities with balance paid over 4 years