San Antonio Texas Among Most Cost Friendly Cities For Business

San Antonio Texas Among Most Cost Friendly Cities For Business

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San Antonio has received high marks in a study of the most cost-friendly cities to do business.

The study by tax, audit and advisory firm KPMG LLP examined the 31 largest U.S. metro areas (those with populations of 2 million or more) to compile its 2016 Competitive Alternatives study.

San Antonio finished fifth in the study, that measured 26 key cost components in each market, including costs associated with taxes, labor, facilities, transportation and utilities, as they apply to seven different business-to-business service sector operations and 12 different manufacturing sector operations.

The Alamo City has a cost index score of 94.7, representing business costs 5.3 percent below the U.S. national baseline of 100. San Antonio has the lowest wage costs and second lowest statutory and benefit costs, giving it the lowest total labor costs in the group of large U.S. cities. San Antonio also has the lowest costs for natural gas and for industrial building construction. Office lease costs are also relatively low.

See the full report for San Antonio here.

Cincinnati finished as the most cost-friendly city. The study cited the city’s favorable leasing costs and low property taxes. Orlando was second followed by Tampa and Cleveland. Other locations ranked among the top 10 large U.S. cities included Atlanta, Charlotte, N.C., Miami, St. Louis and Kansas City, Missouri.

In contrast to the most cost-friendly cities, San Francisco and New York represent the most expensive large U.S. cities in which to do business, with cost indexes of 104.5 and 104.7, respectively.

The full report on all 31 metro areas is available here.

KPMG’s study is designed to provide insight into business location costs and offer a benchmark for business executives, economic developers and policymakers considering sites for their business operations, said Ulrich Schmidt, a managing director in KPMG’s Global Location and Expansion Services practice, in a press release.

Thank you for this great article entitled "San Antonio, Texas Among The Most Cost-Friendly Cities For Business" by Susan Saporito

Presented by Tony Landaverde, Realtor
Landaverde Realty
San Antonio, TX Realtor with eXp Realty
(210) 274-2378

A Texas Licensed Realtor® License #607299

For information on careers with eXp Realty click on the link: Tony Landaverde eXp Careers

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Phone: 210-274-2378
Dated: April 1st 2016
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