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The Right Place to be in BusinessOne of the Most Cost Effective Locations
International KPMG StudyWe Remain in the Top St. John's is one of the most cost-effective cities in the world in which to do business. In KPMG's 1998 study of 42 cities in seven countries, St. John's emerged as number one. For 1999, KPMG broadened its survey to include 64 cities in eight countries. This time, St. John's was second, a mere half-point behind Sherbrooke, Quebec. These standings pertain to overall performance across seven manufacturing industries and two software industries. The KPMG study accounted for the total costs of establishing a business including location-sensitive costs such as labour, electricity, taxes, and transportation. The study developed a snapshot of business costs, weighted to reflect the significance of each cost item, for a new facility from startup through its first ten years of operation. Some cities in the study proved to have costs over 40% higher than St. John's. St. John's number two ranking places it ahead of the three Atlantic Canadian centres of Charlottetown, Halifax and Moncton and ahead of major eastern cities such as Toronto, Montreal and Boston! St. John's Number One in Manufacturing For the second year running, the capital city rates as the lowest cost location for four of the seven manufacturing industries!
St. John's Ranks Highly in Software / Services The city ranks number three overall in the Advanced Software sector and is the lowest cost location outside of Quebec! In the Packaged Software business, St. John's placed fourth behind only San Juan, Quebec City and Sherbrooke. KPMG concludes that the results are broadly representative of the knowledge-intensive services sector as a whole.
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