As reported by the Cincinnati Business Courier
, Cincinnati sits atop a new ranking of the most cost-friendly large cities in the United States for businesses.
ranked Cincinnati #1 in its 2016 Competitive Alternatives
study that evaluated the 31 largest U.S. metro areas with populations of 2 million or more.
Cincinnati got a boost from low property taxes and favorable leasing costs.
The study measured 26 key cost components in each market including costs associated with taxes, labor, facilities, transportation and utilities as they apply to seven different business-to-business service sector operations and 12 different manufacturing sector operations.
The national baseline cost index was 100, and Cincinnati received a 94. The city has the lowest property-based taxes and industrial facility lease costs in the nation and the second-lowest industrial land and salary costs. Ohio tax credits for video game production that reduce the effective tax rate for digital services also contributed to the first-place finish.
Article adapted from the Cincinnati Business Courier