4/11/2017 - Top 10 Micro American Cities
fDi RANKS PLATTSBURGH AMONG TOP 10 MICRO AMERICAN CITIES OF THE FUTURE - -
The North Country Chamber of Commerce and the Development Corporation of Clinton County are welcoming news that fDi Magazine (Foreign Direct Investment), a publication of the Financial Times of London, has ranked Plattsburgh among the Top Ten "Micro American Cities of the Future", ranking #8 among all micropolitan cities in North and South America. The city rankings are released every two years as part of an analysis of various sized cities in the Western Hemisphere, with micro cities being those with less than 100,000 population.
Plattsburgh also ranked #3 for Economic Potential and #2 for Foreign Direct Investment Strategy.
"While most other economic development rankings are comparing past performance, fDi looks at trends and strategies to spotlight the cities across North and South America which are set to perform well in the future," states Garry Douglas, President of the North Country Chamber of Commerce. "It tells international companies and investors where they should be looking for opportunities. It has provided a strong boost to our economic development outreach following each of the last two assessments which placed us in the top ten and there's no question that this remarkable top ten ranking once again will bring fresh power to our efforts to attract further foreign direct investment here."
fDi's Cities of the Future rankings are created by a distinguished judging panel, reviewing and analyzing dozens of data points. Among the criteria used are population forecasts, GDP, total inward and outward foreign direct investment, infrastructure investments, strategies and tools for FDI and other factors and trends.
"Greater Plattsburgh is consistently ranked as a Top 10 Micropolitan City of the Future because we are a progressive 21st century community, uniquely positioned for business development and foreign direct investment," says Paul Grasso, President of the Development Corporation. "The Institute for Advanced Manufacturing set to open this fall is a testament to the commitment the region has to creating a hub for manufacturing education, and to continuing to support and attract international companies such as Fujitsu, Bombardier, Norsk Titanium, Nova Bus and Schluter Systems, among many others."
"The world continues to recognize Plattsburgh as a unique growth center for international business," says Colin Read, Mayor of the City of Plattsburgh in response to the findings. "Once again placing in the top ten will draw even more interest to our area. We salute our entire economic development team for helping to achieve this high recognition, especially the great work of the North Country Chamber and the Development Corporation."
"The Greater Plattsburgh area continues to see extraordinary growth and development, with many manufacturing, transportation and aerospace companies calling us home," notes Michael Cashman, Supervisor of the Town of Plattsburgh. "Our culture and economy have an international character due to our strong relationship with our Canadian neighbors and our many international companies. This designation supports that from uptown to downtown Plattsburgh, we are a unique economic hub in the North Country. A great place to invest, live, work and play."
"This welcomed announcement is further evidence of the strength of the North Country economy and is a result of the continued coordination of all the principle economic stakeholders in Clinton County at the highest level," states Harry McManus, Chair of the Clinton County Legislature. "We have state investment and grants which point to a bright future for our Aerospace cluster, our airport and the City of Plattsburgh. Our citizens have many employment opportunities which will allow them to continue to enjoy all the benefits of living in our county."
Douglas and Grasso credit the area's full economic development team for achieving the high rankings, including the Chamber, the Development Corporation, the North Country Regional Economic Development Council, the City and Town of Plattsburgh, the Clinton County Legislature and IDA, Empire State Development, the North Country Workforce Development Board, Clinton Community College, SUNY Plattsburgh, CV-TEC, CITEC, Clarkson University and others involved in economic and workforce development.