MONTRÉAL.
INVESTING IN A CREATIVE METROPOLIS.
Montréal ranks No. 1 in the G7
for the lowest overall business costs among large international cities
– providing exceptional value to your investment. This impressive
result comes from Competitive Alternatives: KPMG’s Guide to International
Business Costs, 2006 edition. The comprehensive study of location-sensitive
costs compares 128 cities in North America, Europe and Asia-Pacific, using
the U.S. average as the study benchmark. Montréal’s No. 1
G7 low-cost rank is matched by its No. 1 overall position among all large
North American cities, further reinforcing its value to investors.
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LEADING THE PACK
In the Northeast U.S./Canada region, Montréal has costs lower than
all comparably sized cities in KPMG’s study. In aerospace, for example,
the city’s business costs are nearly 7 percentage points below the
U.S. average. For knowledge-based sectors, Montréal has roughly
a 17 percentage point biotechnology cost advantage over Philadelphia,
while in software the Quebec-based city holds a 21.3 percentage point
cost advantage over New York City.
MAXIMIZING COST ADVANTAGES
The KPMG study confirms Montréal’s substantial cost advantages
over U.S. cities. Among large international cities, Montréal is
very attractive for investors, with cost advantages over Paris and London
of 5.9 and 14.8 percentage points respectively. Up against large Northeast
U.S. cities, Montréal’s low-cost value is decisive, with
an 8.5 percentage point cost advantage over Philadelphia and about 13
percentage point cost advantage over Boston and Newark.
That’s just the start. Montréal has across-the-board
regional cost advantages in each sectoral category analyzed by KPMG as
proven in the graph below:
The cost advantage is clear. The choice is yours. Investing in
Canada simply makes a whole lot of business sense. |
MONTRÉAL QUICK FACTS:
- Province: Quebec
- Population: 3,635,700 (2005)
- Traditional Industries: Agri-food, chemicals, plastics,
and textiles design and manufacturing.
- Emerging Industries: Aerospace, information and
communications technology, and life sciences.
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