AnÂ October 7thÂ article inÂ KiplingerÂ featured the findings of theÂ Kosmont-Rose Cost of Doing Business SurveyÂ in a story about city governmentsâ€™ efforts to attract new businesses. As more and more companies consider relocating to lower their costs, the article reports, competition among cities to attract those companies has intensified:
Los Angeles, for example, recently implemented a three-year holiday on business taxes forÂ companiesÂ that are new to the city. The tax holiday helps bump L.A. off a list of the top 10 most expensive cities to do business in, though it still falls within the top 20, according to the Kosmont-Rose Instituteâ€™sÂ Cost of Doing Business Survey.
City governments are trying equally hard to keep existing businesses in town. But economic incentives are not the only draw: companies also look for an educated workforce, good schools, and other amenities.
The article also included informativeÂ KiplingerÂ slide shows about theÂ Top 10 High-Tax Cities for business and theÂ Top 10 Low-Tax Cities for business. To view excerpts of the Rose Institute study or to order the full report, visit theÂ Kosmont-Rose website.