Cape Breton Business Case
Never has the bottom line been more important. Cape Breton Island offers an extremely cost-competitive environment for companies seeking to develop or expand their business.
Cape Breton Island – The Business-Cost Advantage
Whether you are a manufacturer of products selling into US or European markets, or a producer of wind turbines, Cape Breton is one of the best locations in North America from a business-cost perspective. This cost advantage was confirmed by the KPMG Competitive Alternatives 2014 – Special Report which looked at the costs for 17 different industries across over 100 jurisdictions in North America, Europe, Asia and Australia.
According to the report, Canada is the cost-leader with business-costs five percent below the US. Sydney, Cape Breton was found to be one of most cost-competitive regions of Canada when compared to other major centres. The table below displays Sydney’s index ranking compared to Canada’s major centres.
The Sydney, Cape Breton cost advantage was based on:
- Lower wage, benefits and taxes: (competitive wages, competitive wage costs, lower fringe benefit-costs,lower payroll taxes);
- Some of the world’s most generous R – D tax incentives and competitively priced transportation costs.