Las Vegas Best City To Conduct Business

Las Vegas MoneyLas Vegas ranked best place to conduct business and least expensive major city in a new survey on the cost of doing business in the United States. The Kosmont-Rose Institute 2006 Cost of Doing Business Survey ranked Cheyenne, Wyoming as the cheapest city and Philadelphia, Pennsylvania as the most expensive.

The survey ranks each city according to the cost of six taxes — on business itself, on property, on telephone, on sales, utility and electric taxes and corporate income taxes. Then a rate comparison, which compares the cities, are then ranked into one of five categories from most expensive to least expensive.

The most expensive business locations included San Francisco, Los Angeles, and New York. Other large cities that were rated least expensive included Dallas, Houston, Fort Worth, and Denver.

The survey of fundamentals of doing business the survey in Southern California are unlikely to change, despite the reforms of the business tax regime in 2005. The business tax reductions amount to 15 percent at best, said the survey, but the cost of property, housing and labor and would all keep costs high and far above the national average. 

California cities have been placed at a peculiar disadvantage by the initiatives that have cut back state revenue. That has, in turn, reduced the funds available from Sacramento for local government and they have fallen back on higher business and property taxes. The report expects that trend to continue.

While Las Vegas is the best business city, the report indicated that Texas, Oklahoma and Colorado are all strong competitors for new business or for businesses seeking to relocate. No state, it noted, could rest easy. “All regions in the United States … feel the pressure of low-cost business environments that countries like China and India provide,” it said.

Source: LV Business Press

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Las Vegas is best city to conduct business and least expensive for cost of doing business.

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