Target Industry Analysis

The EDC of Wayne County has contracted with Foote Consulting Group to develop site location profiles for the Transportation Equipment/Metal Fabrication, Logistics and Distribution, Food Processing, and Renewable Energy Systems industries. Each of the reports will take a hypothetical project and develop a cost comparison model for Richmond and Wayne County as compared to three other Midwestern cities. Foote Consulting Group conducted industry specific research and personal interviews with local companies in each of the targeted areas to determine Richmond and Wayne County’s key advantages by industry. The resulting reports found below focus on detailed cost factors including; freight, salary and wages, fringe benefits, build-to-suit costs, select taxes, utilities, and cost of living for a hypothetical site selection project.