The Washington times., 1927-10-01
REALTORSSERVE
INDUSTRIES

New industries are the new life of
cities. But the keen edge of modern
competition is cutting off the profit
for the industry handicapped by inef-
ficient location. and the only perma.
nently healthy new industry for q
city is the industry so fitted to that
location that it is bound to prosper,
according to the National Associa-
ton of Real Estate Boards Analy-
sis of cities to find for what indus
tries they offer a logical home is be.
coming one of the important services
of member boards of tha association.
The real estate board Of Rochester.
n. Y: the Peoria. ILL.,, realty board.
and the Hutchinson. Kan. realtors
association are three member groups
now active in making selsctive invi-
tations to new industries, the selec-
tion being based on a study of what
the city has to offer the particular
industry invited.
Looking to new industrial life for
its city, the Peoria, Ill. realty board
Is converting its entire board of d.
rectors into special consultat ton
committee for industries which may
be coming in to the city or industries
already there.
The industrial consultation com.
nittee viii give their time free of
charge to assist manufacturing enter
prises to find the right location.
The establishment of an industrial
center for Peoria is part of the real
estate boards plan for advancing the
city's industrial life. l. is planned
to acquire a tract of land suitable for
factory sites to be available to indus
tries seeking new locations without
the involved negotiations which are
often necessary in such transactions.
A fund initiated by the board will be
used for options on the site of the
proposed industrial center. 1t Is the
plan to incorporate this center and
to sell stock. 1t is further planned,
when circumstances warrant the ac-
ton. to build on the trs~t for COM
panies desiring to locate thereon,
title to remain in the Industrial CEN
ter until all instal!ments are paid in
full by the company
Warehouse buildings will be
erected in the same way for rent
to incoming companies. Switching
facilities, power. light and sewage
will be provided. A campaign to
acquaint industries as to the new
center will be carried on. The
Peoria. Association of Commerce
is cooperating.
A fund of $4,000 was subscribed
at single meeting of the board to
initiate the new plan.
The Real Estate Board of
Rochester, which two years ago
initiated movement for setting up
In the city a semi-civic machinery
to aid new industries fitted to the
Rochester territory to find the right
location, has carried on its work
in clnse cooperation with the
Rochester Chamber OF Commerce.
A development corporation, to
aid the establishment of new fac.
tory enterprises under what IL
known as the Baltimore plan, has
organized with a working fund of
between $3.50 900 and $500,000 avail.
able for its purposes. In addition
the real estate board has made
itself a clearing house for all indus.
trial lstings in the city. A COM
mfttee of the board examines every
listing of a proffered industrial site,
and returns the listing il the asked
price in its opinion is too high.
The committee further examines
listing of sites to see that they are
accompanied by full information as
to floor space and the like.
The new industries bureau oper-
ated by the Chamber of Commerce
is thus supplied with complete
authoritative data as to sites avail.
able.