by Donald C. Fry
What’s the biggest consideration in making decisions about where to locate a business operation?
“The cost of doing business,” was the consensus of more than 50 Maryland CEOs, entrepreneurs, and experts in business development and retention who participated last year in the Greater Baltimore Committee’s series of focus groups, from which the GBC compiled eight core pillars for economic growth and job creation.
While the cost to do business isn’t the only factor, it’s the elephant in the room for location decision makers, say experts.
A state’s individual income taxes, business taxes and property taxes and other taxes and fees, as well as regulations, and policy measures that impact business operations all contribute to overhead and directly relate to any business’ bottom line. Together, they are key factors in the perception of a state’s environment for business growth, participants in the GBC study universally agreed.
That’s why fundamental prerequisites relating to business costs comprise three of the eight core pillars for a competitive business environment.
Donald C. Fry is president and CEO of the Greater Baltimore Committee.
1 comment:
i've been singing this song for years here in the socialist republic of maryland.
this is also the same problem we have in our city (salisbury) and our county.
do you think the demos will ever get it??????
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