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industrial relocation :

. . . the act of permanently leaving one place and moving to another, for example, an industrial relocation project aka site selection project.

Locations seeking economic development compete for relocation projects, especially in free market economies. A quote: (source) . . . it's questionable as to whether relocations amount to economic development when jobs are created in new locations at the expense of jobs being lost from . . . locations that the industries move away from.

Relocation services are provided by site location consultants, specialists in site selection. They are sometimes referred to as industrial relocation consultants. Among those who seek to work with relocation consultants are economic developers.

See the Business definition of relocation.

related: commercial and industrial real estate; business and industrial relocation

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Economic Development Services, Inc. / copyrights and all rights reserved / 03/30/2013