Boyd Announces New BizCosts.com Reports
Feb 3, 2021
John Boyd, Jr., Principal, The Boyd Co., Inc.
John Boyd, Jr., Principal, The Boyd Co., Inc.
"In today's uncertain economy and with new, higher corporate tax schemes and new regulations on the way from Washington, comparative business costs will be driving corporate site selection decisions like never before," says John Boyd, Jr., principal of The Boyd Co. Furthermore, the bipartisan emphasis on re-shoring and near-shoring jobs from China will put a premium on operating cost savings among different locations.
"The role of the corporate site selection consultant has changed dramatically since our firm was founded five decades ago," explains Boyd. Today, more of the corporate site selection process is being carried out in-house by companies leveraging past relocation experiences and web-based resources like BizCosts.com. This is especially the case during the early stage when lists of candidate cities are first being assembled.
Beyond site-seeking companies, the real estate industry and economic development organizations, Boyd's new BizCosts® Snapshots are also designed to provide venture capital and hedge fund managers, private equity firms and the Wall Street community operating cost differentials to help measure a company's industry competitiveness and financial performance.
Unprecedented Corporate and Employee Mobility
For many corporations, improving the bottom line on the cost side of the ledger will be far easier than on the revenue side for some time now as the global economy begins its rebound from the COVID pandemic. Also, the rise of the remote workforce, heightened emphasis on "last mile" delivery, vacant retail repurposing and the overall impact of COVID-19 on the economy is ushering in an era of unprecedented corporate and personal mobility. "This is an exciting and transformative time in the site selection and development world," adds Boyd.
Due to COVID, office projects are getting smaller and being re-imagined as hubs to be visited periodically by employees. High costs, fiscal crises and social unrest are causing an historic exodus of companies and workers from cities like New York, Chicago and San Francisco to less costly and more manageable locations. Adding to the need for reliable operating cost data are the myriad of startup companies in new and emerging industries like fintech, electric vehicles, artificial intelligence, 3-D printing and space exploration, seeking cost-efficient locations to help ensure their long-term success.
About BizCosts® - About Boyd: BizCosts® refers to the proprietary data bank of The Boyd Company, Inc., Corporate Site Consultancy of Princeton, NJ. Devoted exclusively to the impact of business costs on corporate location, BizCosts® is recognized as a definitive benchmark by corporations worldwide. Since 1975, Boyd has influenced the direction of billions of dollars of new corporate investment and jobs throughout the U.S. and the globe, providing site selection counsel to many Fortune 500 companies.
For additional information, please contact The Boyd Company at: [email protected]
Press Release Service by Newswire.com
Original Source: Boyd Announces New BizCosts.com Reports
More News
Publicly owned rail is popular. But is it making the trains run on time?
Meeting travellers' expectations could be challenging, experts warn.
Heating oil customers face tough winter despite shake-up promise
Heating oil customers facing soaring bills are promised better regulation of the sector by the government.
I earn £120,000 a year making social media videos go viral
Social media "clippers" make short, vertical videos that appear on the likes of Instagram and TikTok.
Robert E. Hall and Michael Woodford Awarded Nobel for Economics
Robert E. Hall and Michael Woodford were awarded the prize for insights that helped policymakers become “better equipped to deal with shocks in the economy,” the committee said.
Fridges in French supermarkets hit by cyber attack
Hundreds of stores were targeted by the overnight hack, which spoiled fresh and frozen food estimated to be worth millions of euros.
America’s Favorite Fruit Is Being Bruised by the Iran War
The journey of one banana from farm to store shows how the war’s economic effects have cascaded into some surprising industries.
What are your rights on auto-renew subscriptions?
Martin has advice for listeners caught out by auto-renewing subscriptions, explaining what rights consumers have and whether there's a way to challenge the renewal or cancel.
Europeans Have a Love-Hate Relationship With Chinese Cars
Consumers across the continent increasingly want to buy low-cost Chinese vehicles. Policymakers are seeking to slow them down.
How American Retirees at Different Incomes Rely on Social Security
Social Security funds are on track to run short by 2032, which would mean a reduction in benefits. Here’s how four hypothetical households rely on the program in retirement.
Why some have no choice but to pay costly oil prices
Rural communities are badly hit by the rising cost of heating oil, as our Wiltshire reporter explains.
AI minister warns 'likely' UK's cyber defences will be breached
Kanishka Narayan said the government will use advanced AI to strengthen the UK against cyber attacks.
World’s Energy Order Tested Again as Iran War’s Reach Extends Further
“We are entering an age of prolonged insecurity,” one former U.S. energy official said of what have become chronic threats on the Middle East’s energy core.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.