We’re #1: Most expensive place for business
Survey: San Jose ranks as most expensive place for business in large U.S. cities – Silicon Valley / San Jose Business Journal:
San Jose is the most expensive places to do business in the U.S., according to a study released Monday by KPMG LLP.The audit, tax and advisory firm cited the high labor costs of San Jose’s technology-based economy. The next most expensive place was New York.
[snip]
San Jose had a cost index of 110; New York came in a close second with 109.2.
CONGRATS to the Bay Area! OMG I’m so happy that we were able to beat New York.
Congrats! We beat them in shopping (Santa Row), we beat them in landmarks (Winchester Mystery House), we beat them in culture (San Jose Museum of Art.) We even beat their metropolitan area in housing prices!
And now we beat them for cost of doing business. Yes! Yes! Yes!
Now… we just need to beat Manhattan on housing prices! Come on everyone – we can do it!
(Thanks to Burbed reader Madhaus for this find!)
April 2nd, 2008 at 9:24 am
Is that an attempt to drive people away from here?
April 2nd, 2008 at 11:54 am
Intentional or not, yes it is driving people away from there.
Now, I think definitions like this are “grainy” and what’s the average overall may not apply to you. If your parents are in say San Jose, let you use their garage for your startup, and the area’s full of old classmates, it’s going to be uber-cheap. If you’re hip to living in your van, and have the next Lava Lamp all worked out, or super-kayak design, or something innovative, I can’t think of a better place to show it around and get it going.
But setting up a factory or buying that house that has room to house an R&D lab AND you, that’s expensive in the BA all right.
I’d rather be back there than somewhere with maybe 20% lower rents and NO jobs, not scarce jobs, NO jobs, and shitty weather though.
April 2nd, 2008 at 12:21 pm
http://www.mercurynews.com/business/ci_8779753
“There are 21 Fortune 1,000 companies based here, along with 645 foreign subsidiaries. The Bay Area still draws 35 percent of all venture capital invested in the United States, the study found. That amounted to $9.5 billion in 2006, or about $1,370 per resident, far outranking second-place Singapore’s $180 per capita and New York’s $107.”
April 2nd, 2008 at 1:36 pm
when i was in new york, i remember an sane old lady with her hubby walking down the street singing “I love New York!!!” it was sorta cute, in a weird sorta way.
you’ve got to be a mentally ill homeless fool to sing “I love San Jose!” walking in san jose downtown.
April 2nd, 2008 at 4:13 pm
Or James Stamm the Trumpet Man.
April 2nd, 2008 at 7:55 pm
when i was in new york, i remember an sane old lady with her hubby walking down the street singing “I love New York!!!” it was sorta cute, in a weird sorta way.
you’ve got to be a mentally ill homeless fool to sing “I love San Jose!” walking in san jose downtown.
Nah, over here you’d sing “Do you know the way to San Jose” when you’re lost in Brisbane checking out bones.
April 2nd, 2008 at 9:22 pm
KPMG is great. With all the money they can save the companies and you on taxes, cost of doing business is not an issue. See PBS Frontline special on KPMG’s inovative tax stratagies:
Watch online (see part 4 on KPMG)
http://www.pbs.org/wgbh/pages/frontline/shows/tax/view
I’m having KPMG do my taxes.
Lankester
July 19th, 2008 at 4:49 am
gamble…
witness!bisques?mumbled seedlings Siegel denoting …