Our city continues to remain near the top of a list of most competitive places to do business.
Winnipeg is 7th in all of Canada, but ranks first out of 27 cities in the sector of Midwest US and Canada West.
The report was compiled by accounting firm KPMG, and local partner Stu Duncan isn’t surprised by the results.
“Primarily driven by relatively lower labour costs and, in the case of 2016, lower exchange rate,” Duncan explains. “But secondly, Winnipeg also benefits greatly from having relatively lower facility costs and the lowest electricity costs.”
Duncan says Winnipeg and Canada has maintained it’s ranking from previous years. Worldwide our country ranks behind only Mexico.
This news is also music to the ears of Camber of Commerce spokesperson Loren Remillard, but he admits we need to keep our foot on the gas.
“Great news story for Winnipeg. It’s something that we need to continue to use in our marketing efforts of our community, both within Canada and abroad. But it also should allow us to step back and think about how do we make sure that we’re taking steps today to make sure we stay number one.”
He says while it’s a feather in our cap, there are still challenges, like the business tax and provincial payroll tax.