"We are lower in almost every category," said Executive Director of the Cartersville-Bartow County Department of Economic Development Melinda Lemmon. "So whether a company considers the overall cost of doing business or some specific category of business, we are most likely below or far below the national average."
The analysis took into account labor costs, real estate costs, state and local taxes and utility costs and was presented by Lemmon Friday, Sept. 9, during the Georgia Highlands College Cartersville campus' monthly advisory board meeting.
Compared to the nation, the county is 32 percent lower than the national average for industrial real estate costs, 15 percent lower than the national average for office real estate costs, and retail real estate costs are 10 percent lower.
Based on the state of Georgia's total 2008 state and local tax revenue collections per capita, taxation is 20 percent lower than the national average.
Labor costs are overall 20 percent lower than the average labor costs in the nation. Notable differences include automotive/ transportation manufacturing industry labor costs being 62 percent less than the nation, with the 2010 average weekly wage costing $1,031 compared to $1,583.
Compared to the nation, Bartow County taxation is 20 percent less than the nation.
Chemical manufacturing industry costs are 54 percent lower than the national average and warehousing/distribution labor costs are 35 percent lower than the national average.
While the county's overall labor costs are 10 percent lower than the average in the Southeastern U.S. and automotive/transportation manufacturing industry costs are 21 percent lower than the average, industry labor costs are only 1 percent lower than the average and the cost of labor for the plastics product manufacturing industry is 8 percent higher than the average.
As with the region, plastics product manufacturing labor costs are higher than the state at 5 percent.
"We're very strong in plastics, and I'm not sure how or why that has some sort of influence on this number," Lemmon said. "I was disappointed in seeing this number, but at least it wasn't much higher than the averages."
The overall labor costs for Bartow are 20 percent less than the state average and automotive/transportation manufacturing industry labor costs are 52 percent lower than the state average and warehousing/distribution industry labor costs are 47 percent lower than the state average.
Lemmon said the analysis provides companies interested in coming to Bartow a snapshot of the financial risk versus the rest of the nation, region and state, adding the numbers coincide with her goal as director.
"I feel part of my job is to communicate to a company how we can reduce your risk here," Lemmon said. "We are a good place to do business because the risks you might be concerned about are not as much of an issue here."