GYEDC
Breaking News breaking news: 
more news 

The Cost-of-Doing-Business Index indicates each area's comparative advantages or disadvantages in attracting and retaining businesses. Those area with a low cost of doing business have, on average, greater job growth than those with high costs.

The Index measures wage costs*, taxes*, electricity costs* and real estate costs for industrial and office space*States and Metropolitan Statistical Areas (MSA's) are measured on  individual categories, and those weighted scores are compiled to make the overall index.

An index score of 100 means that the state or MSA is equal to the U.S. average in that particular category. If the business cost index is 120, it means that the cost of doing business is 20% above than the national average. Similarly, if a business cost index is 80, it means that the cost of doing business is 20% less than the national average.

COST OF DOING BUSINESS INDEX 2009

State

Cost of Doing Business

Wage Cost Index

Tax Burden Index

Electricity Cost Index

Industrial Rent Cost Index

Office Rent Cost Index

Arizona

91.6

94.2

92.8

83.8

75.6

115.3

California

122.9

114.8

120.6

134.7

141.4

141.4

Nevada

104.2

96.4

102.2

115.9

114.2

134.5

New Mexico

96.6

82.5

135.5

92.4

102.1

83.5

Utah

90.1

83.9

113.1

66.1

104.7

101.7

Source:  www.cnbc.com

While many factors in the cost of doing business are incomparable between urban and rural areas, some are more comparable. Business taxes are generally comparable. State level taxes are the same throughout and local taxes are relatively similar. For the Yuma, Arizona Metropolitan area, business taxes were about 2% lower when Yuma was compared to seven other metropolitan areas.

There are many factors to consider when evaluating a region for business investment. The business friendly environment, available labor pool and high quality of life make our region a desirable location.  Companies such as ALSCO, Alside, General Motors, Johnson Controls (Fortune 500), Northwestern Industries, Shaw Industries (Fortune 500) and Superlite Block have either built new facilities or expanded their operations due to the abundant labor force, strong support services and strategic location.

2009 Overall Ranking for States

Overall Ranking

State

Cost of Business

Workforce

Business Friendliness

Cost of Living

18

Arizona

23

4

7

34

32

California

49

23

49

49

47

Nevada

36

18

20

36

43

New Mexico

25

33

45

29

5

Utah

7

9

7

21

Source:  www.cnbc.com

The abundant labor force in Yuma and strong support services make it very attractive to new and expanding businesses. The visionary leadership has developed policies and procedures to create a business-friendly attitude in Yuma County.  Both the Cities and County act as partners to ensure your business grows and matures.  With a population that is projected to reach over 350,000 by 2020, Yuma will continue to produce a strong workforce that excels in a multitude of industries. 

Once known solely as an agricultural economy; manufacturing, distribution, food technology and renewable fuels have emerged as industries that will continue to fuel Yuma’s economic engine. 

*Charts are examples from Manufacturing and Logistics costs from MSA’s that are comparable and/or in competition with Yuma.

 

 

 

 

 

 

 

 

 

 

 

 

 

© 2009 Greater Yuma Economic Development Corporation
by MGM Internet Solutions, Inc.
Toll Free: 800.408.9332
Local: 928.782.7774