Oklahoma City Rated No. 1
Cost-Attractive Mid-Size City
Oklahoma City has been ranked No. 1 in KPMG’s Cost-Attractive Business Locations study, a component of KPMG’s 2012 Global Competitive Alternatives study. The study measures business operating costs in more than 110 cities in 14 countries. Oklahoma City was named the No. 1 most cost-attractive business location among mid-sized U.S. cities, which includes both cost and non-cost factors such as labor availability and quality of life.
“Oklahoma City’s business community already knows what this study reveals: our business environment--everything from cost to available labor force to quality of life--makes this the best place to do business,” said Roy H. Williams, president and CEO of the Greater Oklahoma City Chamber, and chairman elect of ACCE. “This study compares Oklahoma City to some tough competition across the nation, and results show that we offer the most secure environment for businesses to flourish.”
The study measured 26 components in each market, as they apply to 19 industries over a 10-year span. More than 1,900 individual business scenarios were examined, analyzing more than 50,000 items of data. Information was also provided on a variety of non-cost components. Oklahoma City had a cost index of 95.5, representing business costs 4.5 percent below the U.S. national baseline of 100.0.
“While business costs are a major component of the site-selection process, businesses should carefully consider non-cost factors that influence the business attractiveness of different locations,” said Hartley Powell, principal in KPMG’s Global Location and Expansion Services practice. “Our study addresses these non-cost factors, which include labor availability and skills, economic conditions, infrastructure, innovation, regulatory environment, cost of living and quality of life.”
Oklahoma City’s strong cost advantages for labor, facility leases, expenses and property taxes contributed to its ranking. Oklahoma City was followed by Nashville, New Orleans and Indianapolis. Full global study results can be found at www.competitivealternatives.com.