The KPMG study assigned Cincinnati a cost index of 94.0, representing business costs 6.0% below the national baseline of 100. Based on KPMG’s data, Cincinnati has the lowest property-based taxes and industrial facility lease costs, and second lowest industrial land and salary costs. Ohio tax credits applicable to video game production help reduce the effective tax rate for the digital services sector, which also contributed to Cincinnati’s top ranking in the study, the consulting firm said.
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.
Orlando, Fla., was the second most cost-competitive location in the large-cities category, followed by Tampa, Fla., Cleveland, San Antonio and Atlanta. Other locations ranked among the top 10 large U.S. cities included Charlotte, N.C., Miami, St. Louis and Kansas City, Mo.
Unlike lower-cost cities, San Francisco and New York represent the most expensive large U.S. cities in which to do business, with cost indexes of 104.5 and 104.7, respectively. Despite many cost disadvantages, San Francisco has below-average costs for natural gas and property-based taxes. New York City has the second lowest transportation costs among the 31 large U.S. cities. New York City’s effective corporate income tax rate is also relatively low, ranking sixth among the larger cities studied and benefiting from substantial state and city tax reforms enacted in the last two years.
Ohio, Cincinnati’s parent state, ranked 22nd out of 50 in Chief Executive’s 2015 Best & Worst States for Business. At the time (May 2015), CEOs praised Gov. Kasich’s aggressive income tax cuts, as well as the recent job growth the cuts had created. They also were impressed with Ohio’s high quality workforce and strong living environment. Every year, CEOs rate Best & Worst States for Business on three key factors: taxation, living environment and workforce quality.
The complete 2016 global study is available online at www.competitivealternatives.com.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
