The Nanaimo region joined 100 other jurisdictions around the world in KPMG’s 2014 Competitive Alternatives study released today. The study released every two years focuses on 26 key cost components to measure the overall cost of doing business in a community.
Compared to a US average (index=100) Nanaimo scored 94.5 indicating a lower cost of doing business and placing it in the top three jurisdictions in the Pacific US/Canada for cost of doing business. Less than one point separated first and third place in a very competitive showing.
“The Nanaimo region has many attributes that make us a great place to do business,” said Sasha Angus, CEO of NEDC. “Reports like the KPMG Competitive Alternatives publication allow us to showcase these strengths to an international audience and help make the case for investment in our community.
Building on the recent technology sector impact study, the Competitive Alternatives report highlights the region’s strength in knowledge-based industries. Nanaimo scored an average of 85.5 for digital services and development, beating Vancouver’s score of 87.2.
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