Market maker? The Fantus Company and the making of a market for location in the United States

Nicholas Phelps and Andrew M. Wood

Business History, 2023, vol. 65, issue 6, 1029-1047

Abstract: Large firms are faced with an ever-widening array of consultancy services and providers. From management consulting to accounting to logistics to human relations, the professional services industry has seen extraordinary growth in the number of firms and range of services they provide. In this paper, we examine the history of one consultancy firm, albeit a small and particular one. The Fantus Factory Locating Service was established in 1919 and pioneered what we know today as the site selection or location consulting industry. Brokering between firms and communities seeking to attract investment, Fantus was able to structure and powerfully shape the landscape of economic activity in the United States. Drawing on a variety of secondary sources and a primary source of archived company files the paper examines the growth of the firm, the nature and scale of its work and its extraordinary and lasting influence on the changing US economic landscape.

Date: 2023
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DOI: 10.1080/00076791.2021.1907346

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