KPMG Report ranks Saint John on of the most competitive cities in North America

Saint John, NB. Saint John is one of the most cost competitive places in North America to do business, according to a new study by the international professional services firm, KPMG.

The 2012 edition of the KPMG Report Competitive Alternatives, released on March 22, 2012, has given Saint John a score of 92.5, with the four largest US metro areas holding the baseline index of 100. This means that Saint John, along with Fredericton and Moncton, is the most cost competitive region in North America in which to do business. This is a powerful investment attraction tool as it strengthens our Community’s ability to put forward a meaningful value proposition to potential investors and developers.

“Essentially, all of the New Brunswick cities evaluated in the report have an identical cost index. We tied with Fredericton at 92.5 and Moncton is at 92.3, which could be described as a ‘rounding error’", says Steve Carson, CEO of Enterprise Saint John. “We are thrilled that our cost advantages have been recognized internationally by such a high profile study.”

The KPMG Report also showed that Saint John has economic costs that are 8 percentage points below the US baseline. This strengthens the international appeal of Saint John as an attractive place to do business.

Enterprise Saint John is the economic development Agency for the Saint John region, whose mission is to create the environment for prosperity by inspiring and supporting people, ideas and investment.

MEDIA CONTACT:
Christine Comeau, Enterprise Saint John
ccomeau@enterprisesj.com
506-658-6209