Health, technical costs top factory complaints

MARYLAND WATCH

January 17, 1996

Taxes, the cost of technical improvements and rising medical expenses are among the biggest challenges of Maryland manufacturers, according to a quarterly survey published by Snyder, Kamerow & Associates, a Bethesda accounting firm.

The cost of technical improvements scored 3.9 on a scale of business obstacles in which an obstacle with a value of "1" was considered to have no impact and "5" to have serious impact.

The scores were based on a survey of Maryland manufacturers with more than 20 employees. Typically, data from about 5 percent of all such companies is tallied, the firm said.

Rising medical costs ranked 3.7 on the business obstacle index. An obstacle with a 4.0 score was considered to be of "real impact."

Local, state and federal taxes scored 3.3. Other items ranking higher than 3.0, considered to be of "some impact," included lack of capital, 3.2, and environmental regulations, 3.1.

Business impediments with less effect included union/labor issues, with a score of 2.0, or "little impact." Also ranking less than 3.0 were litigation and product liability, 2.6, and foreign competition, 2.5.

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