Mediating Local Economic Development: The Place of Site Selection Consultants in Industrial Recruitment

Andrew M. Wood and Nicholas Phelps

Economic Development Quarterly, 2020, vol. 34, issue 1, 78-84

Abstract: The local economic development practice of attracting industry, investment, and employment is a long-standing one in the United States. Yet the manner in which this investment is mediated has always been shrouded in mystery. The mediation of investment and the particular role of site selection consultants in facilitating corporate location decisions is the principal focus of this commentary. The authors draw on a series of recent interviews to illustrate how economic development organizations view the role of site selection consultants and their contribution to the practice of industrial recruitment. The authors conclude that, while location consultants bring certain welcome efficiencies to the practice of industrial recruitment, their presence also raises important questions concerning interplace competition for mobile investment and the general landscape of local economic development in the United States.

Keywords: location consulting; industrial recruitment; site selection (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecdequ:v:34:y:2020:i:1:p:78-84

DOI: 10.1177/0891242419897128

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