Some of the biggest incentives for manufactures are the outrageously low tax bases in southern states. "When taxes are paid, southern levies are lower than most Northern states. GM's Hamtramck, MIG, plant, for instance, has one of the highest property tax mileages in the United States at 88 mills." (Corbett, 2002) Taxes are some much lower than in say Michigan or New Jersey and southern state officials are very open to negotiations to land the new factories and the plethora of jobs. In other words, land values are low and government incentives are extraordinary so the automobiles industry would be crazy to not migrate south for those reasons alone. "Furthermore, utilities costs are lower. After the products have been assembled, the South's location is superior to the Midwest or the East Coast for delivery." (Corbett, 2002) but there are other incentives.
Not only is the land for the new facilities cheaper than in the north, there are other perks such as much lower utility fixed costs such as power. "Tennessee has some of the lowest industrial power rates in the United States, anywhere from 20% to 50% below other states, Grande points out." (Corbett, 2002) but, these plants are also all going to be completely new so the latest environmentally sound technology can be implemented from day one. Northern facilities are usually older and can not match such advantages. In fact a major concern of the automobile industry is the pollution rates of the northern facilities. "When plants are up and running, there are fewer environmental issues. Activism is not as prevalent. Industry also is relatively new to the South. So new assembly plants do not have to over-compensate for older factories contributing disproportionately to emission totals." (Corbett, 2002)
Couple taxes and low rates of utilities with the added bonus of excellent roads and waterways for final and parts products delivery and again the automobile industry would be crazy to pass up on the perks. "Tennessee is within one day's drive of 75% of all United States markets, and its road system is one of the best in the nation. Other southern states are improving infrastructure. Besides 1-65 and 1-75, which are straight shots to the Midwest,...
The laws of South Africa has been constituted and formed, as a result of the influence from the English laws in procedure. 6. Environmental Concerns Where it has been observed that South Africa is full of resources, on the other hand, it has also come to notice that environmental concerns also loom large as one of the issues that needs grave consideration. Amongst the environmental concerns, air pollution, marine pollution, soil
South Korea Market analysis Subscribers Political variables Economic variables Socio-cultural variables Observations Singapore Market analysis Political Economic variables Socio-cultural variables The basis of this country attractiveness report is to identify the most suitable target market to launch a sea food enterprise. The two countries within our scope are South Korea and Singapore. In this report we evaluate the level of attractiveness on the basis of political variables, economic variables, and socio-cultural variables. This report includes an analysis of the suitability of the
Almost a third of the government's total revenue emanate from indirect taxes, mainly from value-added taxes (Brand South Africa, Niekerk). 3. privatization -- this process was viewed to create a robust flow of business opportunities in the next many years at a range of 100-150 billion South African Rands (PGI 2012). This is equivalent to U.S.$12-20 billion. There will be estimated and sustained business acquisition opportunities in agribusiness, agriculture and
Certainly, this is reinforced by recent legislative efforts currently under discussion in the parliament. The ruling Grand National Party has been the subject of public resistance more recently, perhaps owing to the global economic slowdown which has caused widespread discontent throughout the world. In response, and with elections -- at that time -- approaching, the South Korean government considered the passage of legislation that would both place limitations and
An 'armistice' was signed in 1953, and this detailed that the two Koreas would be kept separate by the 38th parallel, and friends and relatives were cruelly separated from one another, some never to see each other ever again. The after effects of the Korean War can also be seen in the Gulf War that took place in the years from 1990 to 1991 between the Allied Forces and
South Africa The Republic of South Africa as it is officially known is a burgeoning international market for trade and investment. Since the establishment of freedom from apartheid in 1994 the country has seen dramatic political, economic, cultural, and legal changes that have brought it to the forefront of international business. The economic picture of the country is a in a growth phase and will continue to be, if the conditions
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