Cost of Doing Business

 

The cost of doing business in the region is very reasonable and competitive.  In a recent KPMG Competitive Alternatives Study of International Business Costs (2008), the City of Lethbridge was rated third among the twenty-four communities studied in Western Canada and Midwest US.

With the United States used as a base (index based on an average US dollar cost of 100), the cost of operating within various industries in Lethbridge was rated.  Overall, Lethbridge had a rating of 96.2 meaning that Lethbridge has an 3.8% advantage over locations in the United States when doing business.  The complete study is available on the KPMG Competitive Alternatives site.

 

Summary of Study Results for Lethbridge
Manufacturing Operation Index Rating (US=100)
• Aerospace
• Agri-Food
• Automotive
• Chemicals
• Electronics
• Medical devices
• Metal components
• Pharmaceuticals
• Plastics
• Precision manufacturing
• Telecommunication
• Aircraft parts
• Food processing**
• Auto parts
• Specialty chemicals**
• Electronics assembly**
• Medical device mfg
• Metal machining**
• Pharmaceutical products**
• Plastic products**
• Precision components**
• Telecom equipment

• 98.8
• 97.7
• 98.9
• 97.5
• 96.9
• 97.3
• 99.7
• 98.0
• 100.3
• 99.1
• 97.0

Manufacturing Average (**Average of 7 operations) 98.3

 

Research and Development Operation Index Rating (US=100)
• Biotechnology
• Clinical trials
• Product testing
• Biomedical R&D**
• Clinical trials management
• Electronic systems development & testing**
• 89.9
• 91.3
• 86.4
R&D average (**Average of 2 operations) 88.0

 

Software Operation Index Rating (US=100)
• Software design
• Web & multimedia
• Advanced software**
• Content development**
• 89.5
• 91.5
Software average (**Average of 2 operations) 90.4

 

Corporate Services
Operation Index Rating (US=100)
• Software design
• Web & multimedia
• Advanced software**
• Content development**
• 89.5
• 91.5
Overall result (**Average of 12 operations) 96.2