LA, SaMo Two of the Most Expensive Cities for Businesses
'Tis the season for Top Ten lists, but this one--the 14th annual Kosmont-Rose Institute Cost of Doing Business Survey released by the Rose Institute of State & Local Government at Claremont McKenna College--gives our fair city more of dubious honor. Once again, Los Angeles ranks among the "10 most expensive places in the country to do business," reports the Daily News.
The survey takes a comparative look at over 400 cities in the nation, "based on the array of taxes and fees each imposes. They include sales, utility, income, property, and business taxes." However, the released information does not give a numerical ranking, but rather a top and bottom ten. According to Yahoo! "The ten most expensive cities in 2008 (in alphabetical order) are: Akron, OH; Chicago, IL; Clarksburg, WV; Jersey City, NJ; Los Angeles, CA; New York, NY; Newark, NJ; Philadelphia, PA; San Francisco, CA; and Santa Monica, CA."