3 Signs You Should Relocate Your Manufacturing Business
Whether you need a more skilled workforce, a way to reduce expenses, or just more room to grow, relocating can help your manufacturing business thrive. But, relocating is a big decision that shouldn’t be taken lightly. To help you determine your manufacturing company’s future, we’ve identified the top 3 signs your company should relocate to a new city or state.
When You Should Relocate Your Manufacturing Plant
Rising Costs In Your Plant’s Current Location
Over the last 10 years, the cost of living has skyrocketed in many major cities, including Atlanta, St. Louis, Miami, Denver, Seattle, Houston, Dallas, Detroit, San Francisco. As the cost of living rises, so too does the expense of maintaining and growing your manufacturing plant. By exploring other locations, you may be able to find less-expensive property and more affordable utility costs, property taxes, and payroll expenses. Moving to an area with a lower cost of living could help you boost your profits and maintain low prices for your customers.
You’ve Outgrown Your Current Manufacturing Plant
If business is booming, you may realize your current location isn’t large enough to meet increased demands. In this scenario, it’s important to weigh your options and complete thorough research. If cost of living is low in your city, simply moving to a different property may help you keep operating costs low. However, if the cost of living has been on the rise, now may be the perfect time to consider moving to a new city or state.
You’re Struggling To Maintain A Workforce
Manufacturing roles can be tough to fill, especially if you require skilled workers with specialized expertise. If you’re having trouble finding employees to fill important roles on your team, it could be time for a move. Some cities, like Ontario, California, offer Workforce and Professional Development resources that can help you develop a strong recruitment network. By using this kind of program, you can receive job referrals, applicant screening services, and customized, on-the-job training for your new hires.
You And Your Employees Need A Higher Quality Of Life
Relocating your manufacturing business to a city that has a higher quality of life can help solve your workforce shortage and help you retain current workers. If you or your team are dissatisfied with the health and safety, caliber of educational institutions, or recreation and leisure options in your city, moving to a new location may help you promote mental well-being and job satisfaction.
Relocating your established manufacturing business can be complicated, but you’re not alone. The Economic Development Agency in Ontario, California, is there to help you every step of the way, from filing the correct paperwork to matching you with your ideal workforce. To learn more about relocating your business to Ontario, or to start the relocation process, contact the Ontario Economic Development Agency today.