Cincinnati is the most cost-friendly city to do business among the 31 largest U.S. metro areas, according to the recently released 2016 Competitive Alternatives
study by audit, tax and advisory firm KPMG.
Favorable leasing costs and low property taxes contributed to Cincinnati's first place ranking in the study, which compares 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.
"Many factors go into site selection decisions, and a study such as ours helps businesses, city leaders and economic development teams begin to consider investments that should ultimately be good for the community and good for business," says Ulrich Schmidt, a managing director in KPMG's Global Location and Expansion Services practice, which helps companies that are expanding, relocating or consolidating their facilities.
Read the full KPMG report here