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2014-05-27 - Charlottetown Ranks as a Top Location for Business

Charlottetown has ranked impressively as a cost-effective business location in a study comprised of ten countries and more than 130 cities.

KPMG International’s bi-annual study: Competitive Alternatives – Guide to International Business Location Costs for 2014, named Charlottetown as the No. 1 best city for business costs in Canada in corporate services, which includes professional services and corporate shared services. Charlottetown also ranked as the lowest cost capital city in Canada and the No. 4 most cost-effective city studied in all of North America for overall business costs.

The study measured 26 key cost components for doing business.

Mayor Clifford Lee said the results of the international study are further proof of Charlottetown’s place as one of the very best locations for investment in the country.

"This is validation of the work that so many people in our community have put into making Charlottetown a great location for investment," said Mayor Lee. "This comparative study by a well-respected consulting firm confirms that this great City is the place to do business; it is the place to invest. That said, it’s important to note that we do not rest on any laurels. We will continue to improve the business environment here, and we will work to make our city even more attractive to potential investors."

KPGM’s Competitive Alternatives study focuses on business locations in the NAFTA marketplace, as well as leading mature market countries in Europe and Asia Pacific. The study contains information for companies considering international business location options.

Competitive Alternatives 2014 compares business costs and other competitiveness factors in 10 countries, including: Australia, Canada, France, Germany, Italy, Japan, Mexico, the Netherlands, the United Kingdom, and the United States.
Canada ranked as the second most cost-effective country in the study.

For more information the KPGM study, visit: www.competitivealternatives.com



Media contact:

Jennifer Gavin
Communications Officer
City of Charlottetown

Saturday, Jan 20, 2018
City Hall
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