Business on the cheap

August 9, 2012
Author: Murray McNeill

A new study of 50 major Canadian and U.S. cities by The Boyd Company, Inc. ranks Winnipeg as the third-cheapest market in which to operate a head office.

That backs up the findings of a recent study by KPMG, which ranked Winnipeg as the most cost-competitive city among the 25 western Canadian and Midwest U.S. cities it examined.

Boyd principal John Boyd Jr. said some of the advantages Winnipeg has going for it include low labour, hydroelectricity and amortization costs, which include such things as land and construction costs.

On top of that, it boasts a stable economy, a central location, a vibrant arts community and professional sports teams.

Those are some of the same benefits cited by KPMG and by local business boosters such as Yes! Winnipeg and Economic Development Winnipeg. While they haven't been enough to draw a flock of new businesses to the city just yet, Boyd said that could soon change.

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"There's a strong case to be made for Winnipeg, no question about it"