{"id":18505,"date":"2012-02-15T15:51:09","date_gmt":"2012-02-15T19:51:09","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/?p=3436"},"modified":"2023-08-29T16:19:35","modified_gmt":"2023-08-29T16:19:35","slug":"louisville-brings-a-lot-to-the-table-with-healthy-business-climate","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/louisville-brings-a-lot-to-the-table-with-healthy-business-climate\/","title":{"rendered":"Louisville Brings a Lot to the Table with Healthy Business Climate"},"content":{"rendered":"
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\"Photo
Affordable housing plays a strong role in how companies view a city’s attractiveness. | Photo: Tre Pryor<\/figcaption><\/figure>\n<\/div>\n\n\n

Moving a company headquarters or manufacturing plant is a major decision.<\/p>\n\n\n\n

Executives weigh the pros and cons across a myriad of factors before arriving at the best choice. State tax codes, amount of skilled\/non-skilled labor, proximity to strategic partners, and geographic location \u2014 each play a strong role.<\/p>\n\n\n\n\n\n\n\n

Let\u2019s see how Louisville stacks up to the competition, and we\u2019ll gain some insight as to why a growing number of high-powered, national companies are choosing Louisville for their company headquarters or vital operations.<\/p>\n\n\n\n

For years, the talent base and attractive companies in states like California, New York, and others have been enough for tech companies to justify those states’ anti-corporate tax codes. That balance has started to shift.<\/p>\n\n\n\n

The Tax Foundation has just published their Tax Climate Index for 2012<\/strong> and the results aren’t exceptionally surprising. Here are some selected states.<\/p>\n\n\n\n

Rank<\/strong><\/span><\/td>State<\/strong><\/span><\/td>Index<\/strong><\/span><\/td><\/tr>
1st<\/span><\/td>Wyoming<\/span><\/td>7.67<\/span><\/td><\/tr>
2nd<\/span><\/td>South Dakota<\/span><\/td>7.52<\/span><\/td><\/tr>
3rd<\/span><\/td>Nevada<\/span><\/td>7.45<\/span><\/td><\/tr>
11th<\/span><\/td>Indiana<\/span><\/td>5.99<\/span><\/td><\/tr>
14th<\/span><\/td>Tennessee<\/span><\/td>5.62<\/span><\/td><\/tr>
22nd<\/strong><\/span><\/td>Kentucky<\/strong><\/span><\/td>5.20<\/strong><\/span><\/td><\/tr>
28th<\/span><\/td>Illinois<\/span><\/td>5.05<\/span><\/td><\/tr>
39th<\/span><\/td>Ohio<\/span><\/td>4.56<\/span><\/td><\/tr>
44th<\/span><\/td>North Carolina<\/span><\/td>4.22<\/span><\/td><\/tr>
48th<\/span><\/td>California<\/span><\/td>3.71<\/span><\/td><\/tr>
49th<\/span><\/td>New York<\/span><\/td>3.59<\/span><\/td><\/tr>
50th<\/span><\/td>New Jersey<\/span><\/td>3.33<\/span><\/td><\/tr><\/tbody><\/table>
Note: Higher scores indicate more favorable tax systems for business.<\/em><\/figcaption><\/figure>\n\n\n\n

Ranking 22nd in the country is fairly strong even while there\u2019s still room for improvement.<\/p>\n\n\n\n

Cost of living factors into so many facets of a corporation’s cost structure: salaries, cost of goods, real estate, energy costs, etc. All of these must be weighed by the decision-makers. Let\u2019s see how Louisville real estate compares to a somewhat similar city such as Charlotte, NC.<\/p>\n\n\n\n

According to Sperling’s<\/a> (a great source for all kinds of demographic data), Charlotte rates a 98<\/strong> just under the 100 national average. But Louisville comes in at 85<\/strong>, a far lower cost of living.<\/p>\n\n\n\n

Looking strictly at residential real estate<\/a>, here\u2019s how the two cities stack up.<\/p>\n\n\n\n

City<\/strong><\/span><\/td>Avg. Listing Price<\/strong><\/span><\/td>Median Sales Price<\/strong><\/span><\/td>Avg. Price\/sqft<\/strong><\/span><\/td># of Sales<\/strong><\/span><\/td><\/tr>
Louisville, KY<\/span><\/td>$206,029<\/span><\/td>$130,000<\/span><\/td>$94<\/span><\/td>962<\/span><\/td><\/tr>
Charlotte, NC<\/span><\/td>$265,568<\/span><\/td>$145,000<\/span><\/td>$175<\/span><\/td>756<\/span><\/td><\/tr><\/tbody><\/table>
Source: Trulia.com<\/em><\/figcaption><\/figure>\n\n\n\n

In Louisville, prices are lower, homeowners get more houses for their money, and sales activity is higher.<\/p>\n\n\n\n

So if a company was planning to move part of their operations from a city like Charlotte to Louisville, the company would experience a more business-friendly tax situation, save money on employee salaries due to the lower cost of living, and those same employees get more purchasing power.<\/p>\n\n\n\n

What\u2019s not to like?<\/p>\n","protected":false},"excerpt":{"rendered":"

Moving a company headquarters or manufacturing plant is a major decision. Executives weigh the pros and cons across a myriad of factors before arriving at the best choice. State tax codes, amount of skilled\/non-skilled labor, proximity to strategic partners, and geographic location \u2014 each play a strong role.<\/p>\n","protected":false},"author":2,"featured_media":8191,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[675],"tags":[1169,1170],"class_list":["post-18505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-louisville-market-watch","tag-louisville-cost-of-living","tag-louisville-real-estate-prices","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=18505"}],"version-history":[{"count":1,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18505\/revisions"}],"predecessor-version":[{"id":20751,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/18505\/revisions\/20751"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/8191"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=18505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=18505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=18505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}