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The cost of doing business is less in Lennox & Addington County. Below are some examples:
- According to KPMG, average pay rates for production workers are as much as 20% lower in Lennox & Addington than in Toronto. Labour and benefits costs for production workers are 15% to 20% less. Average turnover and absenteeism rates are low—and workers here are regarded as both loyal and productive.
- Behind our well-educated and trained workers stand generous wage and training programs, such as those worth up to $5,000 a year for apprentice Business Process Outsourcing workers.
- With lower labour and facilities costs, L&A offers a low overall cost of operation. KPMG has calculated operating costs in Toronto to be 12.3% higher than those of Eastern Ontario.
- The start-up capital cost in Lennox & Addington County is a fraction of that of most urban centers, only one-fifth of that of the Greater Toronto Area. The cost of serviced industrially zoned land ranges from $10,000 an acre to $60,000 an acre, averaging $40,000 an acre.
- The combined federal/provincial corporate income tax rate in Ontario is 4% lower than the average U.S. rate for manufacturers. Canadian and Ontario R&D tax credits are among the most generous in the world, reducing the after-tax cost of $100 of R&D expenditures to about $42. And Ontario employers pay one-sixth of the amount paid by U.S. employers for health care, thanks to our universal health care coverage.
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