Knowledge Plus Understanding Drives Location Decisions

“The key to good decision making is not knowledge. It is understanding. We are swimming in the former. We are desperately lacking in the latter.”

– Malcolm Gladwell, Blink: The Power of Thinking Without Thinking

Successful economic development actually requires plenty of both knowledge and understanding. The often-referenced Moore’s Law of electronics calculates that the amount of data doubles every two years, so the amount of information that site selection consultants and business owners need to examine, absorb, quantify, evaluate and make sense of grows more challenging every day.

According to the Pennsylvania Economic Development Institute, the latest studies show that more than 97% of initial site selection screening is conducted online, making an effective web presence absolutely essential. To ensure that site selection consultants have immediate access to decision-making knowledge, Buckeye Power recently transitioned its site and building database to the Location One Information System (LOIS) platform.

“Being part of the LocationOne network will ensure that consultants can easily consider available suitable sites within the communities served by Buckeye Power,” stated Dennis Mingyar, Buckeye Power’s Director of Economic Development.

LocationOne was created by a collaborative group of economic development professionals and site selection consultants and is now the largest GIS economic development building, site and community database system in the country.

LocationOne combines extensive demographic and property data that provides the ability to search for properties by city, county, region, and specific property needs such as available square feet or acres, rail served, building type and zoning description. Mapping capabilities include community asset layers such as railroads, colleges, technical schools, business parks, enterprise zones, utilities and much more.

Despite the enormous trove of online date, true understanding of the business opportunities available in each community can only be gained at the local level. That’s when Buckeye Power’s economic development team steps in to help consultants and business owners with on-site visits, property tours, and connections with local community leaders and education resources so an accurate understanding of the project’s fit within the community is developed.

Knowledge coupled with local understanding is a powerful combination that leads to confident decision making. Visit Buckeye Power’s LOIS connection at www.BuckeyePowerSites.com. Contact Dennis Mingyar at (614) 430-7876 or [email protected]  for additional local information.

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