Salt Lake City high on list for company location
Site selection report: The survey was done specifically for the biomedical industry
Low utility costs, an affordable and quality labor pool and a moderate cost of living make Salt Lake City attractive to companies seeking to expand their operations, a new report shows.
The report – by The Boyd Co., a site-selection firm – ranks 50 metropolitan areas in terms of how much companies must pay in wages, utilities, real estate, equipment and corporate travel. By those measures, Salt Lake City is the 11th most affordable.
Although the report was prepared for the biomedical industry, the results apply to a range of industries, said consultant John Boyd, who noted that Salt Lake City also scores well in intangibles, such as plentiful amenities and a low crime rate.
"You can have a nice quality of life for less in Salt Lake City compared to some other locations," Boyd said.
By Lesley Mitchell
The Salt Lake Tribune
Full Story: http://www.sltrib.com/business/ci_3292694
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