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BDA has conducted competitive assessments for numerous state and
local economic development agencies to understand how businesses
making investment decisions perceive client locations relative to
other locations. These analyses are used to set policy priorities,
determine internal resource allocation, and improve economic
development services.
BDA has also developed cost models to determine the estimated operating
costs for manufacturing, distribution, and office operations in client
communities nationwide, including comparative analyses to demonstrate
competitive position in the marketplace. BDA advises clients on the
implications of the cost analysis, effective use of the models for
marketing, and how the cost models are used in the corporate site
selection process.
Representative projects include:
- Updated a ten-year old assessment of site selection assets and liabilities and prepared a comparative cost analysis for an economic development organization in a major southwestern city. Explained how its competitive position had changed over the decade and discussed implications for business attraction efforts. Completed a current competitive analysis with an updated list of competitor locations, with an emphasis on understanding the relative strengths of new economic drivers in the client community. Analysis used to guide program development and to identify industries suitable for near-term attraction efforts.
- Prepared a Regional Assets Analysis for a new multi-county regional economic development organization. Collected, for the first time, economic and demographic data for the region as a whole. Assessed region-wide strengths and weaknesses from the site seeker perspective. BDA then conducted a competitive assessment for the region against comparably sized metropolitan areas to determine its relative advantages for business attraction and development.
- Conducted a market assessment for a local economic development agency to help the community excel in its ability to meet the needs of its target industries. Provided detailed analyses of labor, taxes, incentives, site availability and quality, and development processes among the client's competitors. Developed recommendations to address lagging factors.
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