Louisville Has Plenty to Offer with Healthy Buisness Climate

Moving a company or manufacturing plan to a different  city is a major decision. The executives weigh a numerous amount of pros and cons before making an executive decision. They consider state tax codes, amount of skilled and non-skilled labor, proximity to strategic partners, and geographic location.

Louisville compares rather decently to other cities for companies choosing Louisville as their headquarters. The talent base in states like New York, California, and Massachusetts have been enough for tech companies to justify those states' anti-corporate tax codes. The good news is the balance has been shifting to smaller cities lately.

The tax foundation has published the tax climate index for 2012 and Kentucky ranks 22nd with an index of 5.20. The higher the index score the more favorable tax system.  Indiana comes in at 11th with a score of 5.99, while Tennessee was ranked 14th and a score of 5.62. Wyoming, South Dakota, and Nevada came in the top three respectively, while California, New York, and New Jersey came in last.

Coming in 22nd is pretty good even when there is room for improvement. It's better than half!!

. The cost of living is also a major factor in a corporation's cost structure. They must consider cost of goods, salaries, energy costs, real estate, etc. All of these factors are weighed by decision makers. Louisville real estate matches up rather nicely to a similar city such as Charlotte, North Carolina.

Louisville's average listing price is $206,000 while Charlotte's is $265,500. The average price per square foot is $94 in Louisville and $175 in Charlotte. The most impressive factor is the average number of sales. Louisville is 962, much greater than Charlottes 752.

Louisvillians pay less for their homes, get more house for their money, and have a higher sale activity.

If a corporation moving from a city like Charlotte to Louisville, they would experience a more business-friendly tax situation, save more money on employee salaries due to the cost of living, all while those employees get more purchasing power.

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