Looking at criteria that includes business taxes and state incentives, a recently released survey has found that Philadelphia is the most expensive city to do business in, while Cheyenne, Wyo., took the honors at the opposite end of the scale.
"The 2006 Kosmont-Rose Institute Cost of Doing Business Survey," was recently released for the 12th year by real estate firm Kosmont Cos. and the Rose Institute of State and Local Government at Claremont McKenna College. The survey compiles data about fees, taxes, costs and incentives that affect business in an attempt to compare the cost of business in a variety of cities. This year's survey profiles nearly 400 cities -- including 30 new cities in California and another six cities from across the country.
The California-centric survey, which originated in Los Angeles, found that its home city is still ranked as the most 16th most expensive city nationwide, and makes a point of questioning the true impact of several business tax changes made at the state level. The survey also highlighted several communities in Texas, Nevada, Oklahoma and Colorado which consistently provide low cost areas in which to do business.
More highlights of the 2006 Survey are available at http://rose.claremontmckenna.edu/kosmont/CODBS.asp. The survey can either be purchased in its entirety for $600, or the executive summary can be purchased for $75. Individual cities can also be purchased on a sliding scale.
Previously on WebCPA:
State Tax Revenues Rebound (June 29, 2006)
Tax Foundation: Corporate Rates High (May 8, 2006)
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