“He estimates that he has saved 20% by moving to Canastota,” Rich Isome emailed me about JumoUSA moving their operations from Philadelphia to the upstate NY town of 4,425. The German company had been in the large city since 1990, but made the move in hopes of beginning manufacturing and doubling from its current 15 employees. The company was started by US President’s Carsten Juchheim’s grandfather in 1947, specializing in measurement and temperature controls.
“He left Philadelphia because of A) the high cost of living including health insurance B) high employee turnover because he couldn’t compete with companies like Merck and Boeing for talent and C) the cost of real estate. Carsten says in moving to Canastota, he built a new building double the size of the old one at the same cost. Instead of living 45 minutes away from work, he built a home 8 minutes away.”
It makes you wonder why there aren’t more big city companies that make the same move, doesn’t it?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment