Low Start Up Costs
A Cost-Effective Nearshoring Solution
U.S. firms looking for nearshoring opportunities benefit from Canada's safe, stable, supportive regulatory environment plus a strategic location that provides efficient access to European and Asian markets. Add to this Pictou County's low start-up costs, independently assessed to be among the lowest in the G8 and you have a serious proposition for your bottom line. Canada holds a 6% cost advantage over the US (KPMG 2008).
Independently Assessed
Pictou County has participated in the KPMG Competitive Alternatives Study since 2004. The study compares and rates international business costs in industrialized nations. The report provides a thorough comparison of G8 business operations, featuring more than 100 international cities and a range of industry sectors. The international study compares after-tax costs of starting up and operating a business for a period of 10 years. The analysis takes into account labour, transportation, energy and facility costs, as well as both income-based and non income-based taxes.
In the latest edition of the study, Pictou County makes the top 10 list of most cost competitive locations in Canada. Internationally, Canada ranks second after Mexico.