Page 83 - FDI Alliance International Magazine. Spring 2021 Digital Interactive Issue

A less risky alternative to a shell building that is WGSS believes that the virtual spec building
a step above a certified shovel-ready site is the reduces cost and risk and allows for a potential
“virtual” spec building. In using this increasingly end user to look at a local community and puts
popular tool, an EDO completes all the site work the community on the radar. The virtual spec
up to construction, stopping short of putting up building program is a great option for a rural
the actual building. Instead, a 3D or virtual video community too, as it allows cost reduction and
rendering of the proposed building is provided, reveals a proactive approach and provides another
hence the “virtual” aspect. tool in their economic development toolbox.
Ideally, it is more than just a video rendering. Marketing the certified “shovel ready” sites and
Virtual spec properties should include the technical the virtual spec building program is very important
aspects of the site and proposed building, posted as it allows Site Selectors and corporate real C. PAIGE WEBSTER, CECD
online for site selectors or businesses to review. estate executives to learn and understand where PRESIDENT/SITE SELECTION CONSULTANT
Sometimes, several different plans are provided these programs are available within a State or a WEBSTER GLOBAL SITE SELECTORS
to cater to multiple industries. community. Being proactive and creating these
programs will expedite the community’s chances
It is essentially a middle way between simply having a of locating a primary employer to their area.
certified site and developing a building.
Understanding the dynamics and practicality of
The biggest advantage of virtual spec building both these programs will enhance the marketability
is risk mitigation. Rather than taking a gamble and the local pro-business approach a local
on a shell building, a virtual property saves the community should consider while preparing for
community money up front while communicating these programs.
to prospects that a building can be completed on 602-621-0576
an accelerated timetable. For further information regarding a certified
“shovel ready” site program or a virtual spec
In addition to the video, virtual spec buildings building program, please reach out to Paige www.globalsiteselectors.com
should have all the required permitting, zoning, Webster, Owner, Webster Global Site Selectors
and approval processes completed, plus full at www.globalsiteselectors.com or he can be Paige.webster@gmail.com
blueprints, engineering plans, utility service maps, reached at Paige.webster@gmail.com
and title/deed information available for review.

83. FDI ALLIANCE INTERNATIONAL