The Kosmont-Rose Institute’s 2018 Cost of Doing Business Survey has again ranked Santa Clarita among the best cities in Southern California.
Also recently named the “Most Business Friendly City in Los Angeles County” by the Los Angeles Economic Development Corporation, Santa Clarita provides multiple advantages that inspire small businesses and large corporations to make the city their home base.
To develop its Cost of Doing Business Survey, the Kosmont-Rose Institute selects cities for inclusion prior to data being collected for the survey. Ranks are based on municipal and county taxes, fees and other demographics.
The results are then sorted into five “cost ratings” groups: Very Low Cost ($), Low Cost ($$), Average Cost ($$$), High Cost ($$$$) and Very High Cost ($$$$$).
Santa Clarita was recognized as a low-cost city due to its low property tax rates, no utility tax and several other business benefits compared to neighboring cities such as Burbank, Glendale, Pasadena and Los Angeles.
Santa Clarita is Los Angeles County’s third-largest city, with a population of approximately 225,000 and continues to support diverse, high-performing businesses.
The city continues to attract new businesses to the area, such as Illumination Dynamics at The Center at Needham Ranch, Laemmle Theatres in Old Town Newhall and Porsche at the Valencia Auto Center.
The Kosmont-Rose Institute Cost of Doing Business Survey is the product of a partnership between Kosmont Companies, a well-known Los Angeles business and real estate advisory group, and The Rose Institute of State and Local Government at Claremont McKenna College.
The survey has been conducted each year since 1995 and takes a close look at the cost of doing business in the Western United States (California, Arizona, Colorado, Nevada, New Mexico, Oregon, Texas, Utah and Washington) over the previous calendar year.
For more information about the 2018 Kosmont-Rose Institute Cost of Doing Business Survey, please visit RoseInstitute.org.
To find out more about the city of Santa Clarita’s growing business climate and retail market, please visit ThinkSantaClarita.com.
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