Foreign Direct Investment magazine has issued its biennial ‘Cities of the Future’ rankings. Montreal and New York City rank highly on the major metropolitan lists. Plattsburgh, New York also ranks in the top five micropolitan areas of economic potential.
Foreign Direct Investment magazine, a publication of the Financial Times of London, releases global rankings every two years predicting the leading economic cities across the globe. Data points include population forecasts, foreign investment, new projects and jobs, infrastructure, logistics and other benchmarks. For the Americas, 422 cities were assessed in five categories. The cities were further delineated by population as major, large, mid-sized, small and micro. Plattsburgh has been ranked fourth among all micropolitan cities, those under 100-thousand population, for economic potential. Plattsburgh North Country Chamber of Commerce President and CEO Garry Douglas says it’s a mark of credibility.
Douglas says the ranking fits the economic development vision for the region.
SUNY Plattsburgh Department of Economic and Finance Chair Colin Read says the region is being benchmarked against thousands of micropolitan regions in the hemisphere.
Read was struck by the proximity of other communities in the rankings. Three cities in Ontario and five in Quebec were among the top 10 mid, small and micro cities in various categories.
The top overall American cities include New York City at number one and Montreal at four.
New York State cities ranked by Foreign Direct Investment magazine in various categories are Buffalo, Yonkers, New York City and Plattsburgh