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CHAPTER III 
LOCATING AN INDUSTRY 
GENERAL CONSIDERATIONS 
The factors that enter into the selection of a location 
for an industry concern themselves chiefly with the three 
production factors, materials, men, and markets, although 
a fourth, namely money, also plays an important part. 
When an industry is about to be started, or when through 
consolidation of smaller units into larger a combination 
has taken place, one of the most important questions con- 
fronting the management is that of where the industry 
is to be located so that from every viewpoint the site 
selected shall be the best. After the particular town in 
which the industry is to be located has been decided upon, 
there remains to be solved the no less important question 
as to what particular district or neighborhood in that 
town will be best. 
So far as the selection of the general location is con- 
cerned, the following factors need consideration: (1) 
raw, semi-finished, and finished materials, supplies, and 
accessories essential to the business; (2) power required 
and available and its cost, whether water power or gas 
power is preferable to coal, or coal preferable to either 
of the others; (3) the effect of climate upon production; 
(4) transportation facilities; (5) the desirability of water 
transportation; (6) labor supply; (7) inducements in the 
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