Moncton, NB - For the third consecutive time, Greater Moncton has been named the #1 place to do business in Atlantic Canada and the New England states following an independent study by KPMG.

According to the report released today, "Competitive Alternatives 2010 is the most thorough comparison of international business locations ever undertaken by KPMG." The study looked at more than 100 cities around the world and examined both business costs and other non-cost factors that influence investment decisions.

"We are pleased to be recognized once again, as the best place to do business in Atlantic Canada and New England," said John Thompson, CEO of Enterprise Greater Moncton. "The fact that we have retained our number one ranking since 2006 is a testament how strong our economy is, and how hard our business and community leaders work to maintain our competitive edge."

Greater Moncton beat out several major centres for top honours including, Fredericton (NB), Halifax (NS), Boston (MA) and Providence (RI).

Cost factors analyzed included labour costs, location costs, transportation costs and utility costs. Other factors included were various tax incentives for key industrial sectors, such as, manufacturing, corporate & information technology services as well as the research and development sector.

"The value proposition for investing in Greater Moncton is clear," added Thompson. "We are well positioned geographically with quick access to major centres within Atlantic Canada and the Eastern United States, we offer a talented and motivated workforce, our infrastructure continues to grow and improve, and our tax structure is not only competitive, but will continue to become more attractive in the years to come."

Copies of the full study can be found on online www.CompetitiveAlternatives.com. 

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Information:

Chad Peters
Manager, Marketing & Communications
Office (506) 858-9550 ext. 104

Media Release - (PDF, 450KB)