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As of June 19, 2014, the operation of Enterprise Cape Breton Corporation has been transferred to both the Atlantic Canada Opportunities Agency and the Public Works and Government Services Canada.  Content on this site has been archived for reference, research or recordkeeping purposes.
 
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SYDNEY PLACES SECOND IN CANADA ACCORDING TO BUSINESS COSTS SURVEY


SYDNEY (NS) – May 2, 2012 - In the recently released 2012 Competitive Alternatives, KPMG’s Guide to International Business Location Costs, Sydney, NS scored well placing a close second in a survey that included 31 Canadian cities. The KPMG study examines 26 key business cost elements, including labour, taxes, real estate and utilities. This represents a marked improvement over the 2010 study which placed Sydney in eighth place among Canadian cities. 

The KPMG study, which is conducted every two years, looks at a wide range of issues when assessing competitiveness for business, with a primary focus on business costs, but also population and demographics, education and skilled labour, innovation, infrastructure, economic conditions, regulatory environment, cost of living, and personal quality of life. It also examines cost competitiveness of locations for different industry sectors including manufacturing, digital, research and development, and corporate services.

“The study enables business executives to take an initial scan of how business costs compare among a variety of cities,” said ECBC CEO John Lynn. “From a cost-of-doing-business perspective, Cape Breton has a great deal to offer and we must build on these strengths to enhance the region’s competitive advantage in key sectors that offer the most potential for economic development.”

Overall, Atlantic Canada ranks as the most cost-competitive area for business in the country. Among the nine mature markets studied globally, Canada ranks third for business costs, with costs 5.0 percent lower than in the US. The United Kingdom and the Netherlands rank only marginally ahead of Canada (by 0.5 and 0.3 percentage points, respectively).

To access the full report, please visit www.competitivealternatives.com/

Enterprise Cape Breton Corporation offers programs in support of economic development initiatives and is responsible for delivering ACOA’s programs on Cape Breton Island and in the Mulgrave area.

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INFORMATION:

D.A. Landry
ECBC Communications
902 564 3617

 
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