Which Countries Have Lowest Business Costs?
According to the 2016 Competitive Alternatives report from KPMG, the United States has dropped to 10th place for lowest business costs — the only time the U.S. has ever placed this low in Competitive Alternatives rankings.
Two other NAFTA members rank first and second. As the only high-growth (emerging) country included in the study, Mexico represents the lowest-cost country examined. In 2016, Mexico’s business cost advantage over the U.S. stands at 22.5 percent, higher than at any point in this decade. And Canada maintains its second place rank among the 10 countries, with business costs 14.6 percent below the U.S.
Area Development’s ranking of the site selection factors from its 2015 Annual Corporate Survey is also highlighted in the Competitive Alternatives report. It’s noted that nearly half of the ranked site selection factors have direct implications on the cost of business, including labor costs, corporate tax rates as well as tax exemptions and state and local incentives, available land and buildings, energy availability and costs, and inbound/outbound shipping costs.
Front Line: Manufacturers Look to Nontraditional Locations
2018 Top States for Doing Business: Georgia Ranks #1 Fifth Year in a Row
A Site Selector’s Checklist for Locating in the U.S.
Location USA 2019
A Changing Food Manufacturing Industry
2017 Food Processing
2018 Leading Metro Locations: Pacific and Mountain Metros Dominate the List
2019 Gold & Silver Shovel Awards: Recipients Garnered Large Job-Creating and Investment Projects in Diverse Industries