SASKATOON, SASKATCHEWAN – The Saskatoon region has been ranked second among Midwest US/Canada West cities for business cost competiveness according to KPMG’s 2016 Competitive Alternatives Report. The regional comparison includes four cities from Western Canada and 23 cities from the US Midwest. According to KPMG, Saskatoon’s index is 85.9 which means the cost of doing business in Saskatoon is 14.1 percent lower than the US and significantly lower than the 23 Midwest US cities.
“The Saskatoon region is a front-runner when it comes to places with advantageous business environments,” said Alex Fallon, President and CEO of SREDA. “KPMG’s latest Competitive Alternatives Report confirms that the Saskatoon region continues to be a first-rate location to launch, expand and succeed in business.”
The KPMG report measures international business costs based on the combined impact of 26 key cost items in eight categories: labour, facility, transportation, utility, capital, income taxes, taxes other than income and incentives. The report compares four major sector operations: Digital Service, Research & Development Services, Corporate Services and Manufacturing.
Nationally, Canada maintains the second place rank among 10 other countries, with business costs 14.6 percent below the US. When compared to 2014, Canada gained a competitive advantage over the US due to the significant strengthening of the US dollar.
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Note: The KPMG 2016 Competitive Alternatives Report is available at: competitivealternatives.com/highlights/default.aspx
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Erin Lawson, Marketing and Communications Manager
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The Saskatoon Regional Economic Development Authority (SREDA) helps grow the local economy by providing programs and services in the areas of business attraction, retention and expansion; entrepreneurship support; regional planning; and marketing the Saskatoon region.