Company Quote by Mitt Romney
“Let's take energy, for instance. I understand that in some industries, the input cost of energy is a major factor in whether an industry is going to locate in the United States or go elsewhere. So, when, at Bain Capital, we started a new steel company called Steel Dynamics in Indiana, the cost of energy was a very important factor to the success of that enterprise.”
About This Quote
Source Speech: Interview with Bain Capital, 2005
Energy costs heavily influence where industries locate, affecting competitiveness and investment decisions.
In simple terms: Energy price shapes where factories are built.
Key Takeaway
Consider energy costs when planning new ventures.
Themes
economics
industry location
energy
business strategy
Mood
analytical
pragmatic
Type
business
strategic
When to use this quote
- manufacturing site selection
- investment decisions
- policy making
- energy budgeting
Key Concepts
cost analysis
regional competitiveness
industrial planning
Questions to Reflect On
- How do energy prices compare to other location factors?
- What strategies can mitigate high energy costs?
A Different Perspective
Energy cost is one of many factors; labor, tax, and market access also matter.
