Locators and investors primarily evaluate a location’s talent availability and its ability to support scalability. Hence, they assess if the quantity and quality of talent are present in the location to support their needs and requirements. It is important to identify a location’s total population and working population (labor force aged 15-64 years old) as these give a picture of the size of the total size of the possible talent. Of this population, the primary sources of talent especially for the entry level are the graduates of higher education institutions (colleges and universities), technical vocational institutions and senior high school students.
A sound and well-established infrastructure plays a vital role in supporting the operations and growth of key industries. Infrastructure covering real estate, telecommunications, power, transportation and tourism among others has to be conducive and sufficient to cater to the needs of the locators, investors and workforce.
Investors are also keen in choosing locations that have reasonable costs and will ensure good returns on investment (ROI). Additionally, investors need to have a good sense of the conditions in which their companies will operate. They need to be ensured of a location’s security, preparedness and conduciveness for business.
The portal utilizes validated data from various government agencies and private organizations through the assistance of DICT and NICP.