Updated May 22 at 5:40pm

Sign up to receive Providence Business News' newsletters
and breaking news alerts.  

opinion

What is most important to you when making a decision to locate a business or add a facility?

Posted:

As Rhode Island continues to make efforts to grow employment – either through companies already located here adding jobs or by attracting companies to move into the state – business owners are confronted by a number of challenges when deciding what to do.

Which of the supplied list of impediments would matter most to you if you were deciding on locating a new business or adding on to an existing business in Rhode Island?

job growth, impediments to growth, attract companies to rhode island, add employees to rhode island-based companies

Comments

3 comments on this story | Please log in to comment by clicking here
Please log in or register to add your comment
DNOKES@NETCENERGY.COM

In addition to having an available work force a business must be able to compete on price and build a viable business model. With Rhode Island's structural deficit problems, which causes a high tax burden, combined with the unfriendly permitting environment, businesses should not seriously consider locating here. While work force may be polling as the most important issue, there are more factors to consider when deciding where to locate your business.

Attleboro would be close enough to attract RI residentsfor the workforce while avoiding the extremely high taxes and unfriendly environment to obtain necessary building and operating permits. We need to be able to compete with our neighbors for new businesses. We are not competitive now. We could start seriously working on this problem tomorrow but people need to get out and vote for the candidates that are not committed to business as usual.

Monday, November 1, 2010 | Report this
MarshFeldman

It's one thing to ask people what they think is important. It's quite another thing to observe how they actually behave. All the research on business location finds one of three things: (1) businesses select metropolitan regions first, and taxes only come into play regarding location within a region; (2) taxes are totally irrelevant because they are such a small % of business expenses; (3) they show up as important only if one controls for the quality of public services. As far as start-ups go, an area's industrial composition is by far a better predictor than taxes or anything like them.

So, asking about the importance of local taxes and red tape only makes sense if (a) they're separated (they're not the same) and (b) taxes are evaluated against what they buy you. If low taxes were all that's important, then the rural southern U.S. would long ago have had the highest income growth.

Monday, November 1, 2010 | Report this
WWjayceesKC@aol.com

There seems to be a 'packet' of elements to lure ~ and keep ~ business[es] (large, medium or small) to and around Rhode Island.

The longitudinal permitting process ( TAXES & RED TAPE)(building/renovation/environmental,reporting & taxes) is significant as well as the cost (insurances) to do business as well.

Also, the actual location to access highways should be of consideration - traffic patterns, lessening of road congestion and even cleanliness of aggregate areas can again play a role in BUILDING or RENOVATING (RE-USE) FACILITIES..

The WORK FORCE talent is key too (in some or newer technological industries) and taxes, job AVAILABILITY for instance can discourage our young and mobile Work Force. We certainly have enough higher learning institutions and pay rather extensive costs for educational services from elementary to secondary learning.

Rhode Island has to become more business friendly, less politically persuasive, more innovative with tax policy and fully cooperative on regional bases (after all, we are the littlest state in the Union) with a quality marketing matrix emphasizing, quality of life, industrial development, tourism attraction and transportation diversity.

Friday, November 5, 2010 | Report this
Latest News