Mississippi’s Capital City comes in at No. 6 on a list of the least-expensive mid-sized U.S. cities for business, according to KPMG LLP, the firm that conducted the study. Results were released this morning.
Key factors in Jackson’s high ranking include low land costs (the lowest among the mid-sized cities studied), low construction costs and very competitive salary and wage costs.
More from the firm’s news release:
Little Rock, Ark., is the least-costly metropolitan area to do business among 18 U.S. locations with populations between 500,000 and 1.5 million, according to a study by KPMG LLP, the audit, tax and advisory firm. Contributing to Little Rock’s top ranking were competitive labor and investment costs, as well low transportation costs resulting from the city’s relatively central location.
KPMG’s 2008 Competitive Alternatives study measured 27 significant cost components that are most likely to vary by location, including labor, taxes, real estate and utilities as they applied to 17 industries, over a 10-year planning horizon. Data on a variety of non-cost competitive factors was also compared. The study enables companies to perform a “quick scan” of jurisdictions to determine which can offer a cost-competitive business environment.
“Selecting the best site for a business operation requires balanced consideration of many factors, including business costs, business environment, personnel costs and quality of life issues,” said Hartley Powell, national leader of KPMG’s Strategic Relocation and Expansion Services practice. “This study offers a comprehensive guide for comparing business costs in the United States and contains valuable information for any company seeking a cost advantage in locating a business operation.”
And the Competitive Alternatives Top 10:
1. Little Rock, Arkansas
2. McAllen, Texas
3. Oklahoma City, Oklahoma
4. Greenville-Spartanburg, South Carolina
5. Charleston, West Virginia
6. Jackson, Mississippi
7. Nashville, Tennessee
8. Raleigh, North Carolina
9. Omaha, Nebraska
10. Wichita, Kansas
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