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Site Selection
 
Site Selection Process
 

1. Defining the Site Criteria and Developing an RFI
Once the project has been defined with criteria through the project strategy and planning process,

a Request for Information (RFI) is developed to obtain all the required information and data at the

state level, municipal level, and site level in order to compare it with the project criteria. The RFI

will request information on the following project criteria:

  • Demographics
  • Labor Force
  • Labor Rates
  • Infrastructure
  • Supply Chain
  • Industry Competition
  • Transportation Access
  • Quality of Life
  • Affordable Housing
  • Cost of Living
  • Education
  • Real Estate Costs
  • Construction Costs
  • Utility Costs
  • Permitting Speed
  • Availability of Incentives Programs


2. Initial Site Search
An initial large scale real-time comprehensive search is done for all potential sites that fit the project criteria utilizing the broad NEES network of real estate brokers, developers, landlords, regional economic development organizations, and municipalities as well as the state's economic development agency. The client and NEES review and tour the sites and narrow down the list to 3-6 finalist sites.

 

3. Request More Detailed Information from Finalist Sites Through RFI Addendum
An RFI addendum is developed that drills down deeper on the project criteria (listed above) as it
relates to each specific site. NEES will work with the state's economic development team and
each municipality and landlord to complete the RFI addendum.
 
4. RFP for Economic Development Incentives
A Request for Proposal for each site will be issued to the state's economic development team and to each municipality when local incentives apply, requesting a comprehensive incentives proposal for each site (see Incentives section for more detailed breakdown of specific incentives).
 
5. On-Site Due Diligence
NEES along with its strategic partners and the client site team will tour each site and will meet with the state's economic development team and with municipal officials and landlords at each of the finalist sites in order to validate the aforementioned criteria as well as to vet out local and site issues. Greater detail will be required on vetting:
  • Physical Site Parameters (Land and Building)
  • Infrastructure and Utilities and Required Upgrades
  • Transportation Access and Required Upgrades
  • Permitting Process and Speed
  • Potential Land Use or Zoning Issues
  • Potential Environmental and Permitting Issues
  • Local Economic Development Incentives

 

6. Follow Up On-Site Due Diligence Meetings as Required
 
7. Evaluate, Analyze, and Rank Order the Sites Based on  Original Project Criteria and Financial Modeling
 
8. Client Selects Site
 
9. Client Begins Final Negotiations on Real Estate
 
10. NEES Conducts Final Negotiations on Incentives