Recently released KPMG study

 

 

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  • Positive environment for business due to cost advantages, a plentiful supply of skilled labour and abundant natural resources.
  • Promotion of KPMG results through Government's trade and investment initiatives.
  • Establishment of a Prospecting Team, in partnership with industry leaders, to attract new industries and investment to the Province.

The Right Place to be in Business

One of the Most Cost Effective Locations

 

International KPMG Study

We 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!

  • Electronics
  • Telecommunications Equipment
  • Medical Devices
  • Pharmaceuticals

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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