4/18/2013 - High Rankings from Foreign Direct Investment Magazine
fDi RANKS PLATTSBURGH #4 MICRO AMERICAN CITY OF THE FUTURE
The North Country Chamber of Commerce is welcoming news that fDi Magazine (Foreign Direct Investment), a publication of the Financial Times of London, has ranked Plattsburgh #4 among all micropolitan cities in North and South America for Economic Potential. In addition, Plattsburgh was ranked #9 in the western hemisphere for Human Resources. The city rankings are released every two years as part of an analysis of various sized cities in the Americas, with micro cities being those with less than 100,000 population.
"This international review is especially significant and gratifying as it looks for signs and trends identifying the Cities of the Future," states Garry Douglas, President of the North Country Chamber of Commerce. "The purpose is to identify and highlight those places in North and South America that international investors and businesses should be looking at going forward. It is truly extraordinary to be compared with like sized areas all over the western hemisphere and be branded as number four for economic potential, backed up with a top ten placement for the quality of our workforce and human resources."
fDi's Cities of the Future rankings are created by a distinguished judging panel, reviewing and analyzing dozens of data points. Among the criteria for assessing Economic Potential are population forecasts, GDP, total inward and outward foreign direct investment, and the number of new projects and jobs, among other factors.
"This year's ranking follows on our #3 ranking two years ago, reinforcing to the world that there is a place in North America called Plattsburgh that they need to find out about and pay attention to," states Douglas. "This is an enormously valuable message in support of all of our economic development strategies and endeavors. And it's no coincidence that neighboring Montreal ranked fourth among major cities, continuing to provide a powerful economic dynamic for Plattsburgh and the North Country to work with and draw from. This ranking once again confirms that our economic and workforce development strategies are correct and being noticed, and that our approaches need to be continued and built upon."
"These rankings over the last several years show that Plattsburgh continues to excel in positioning itself as an attractive target for foreign investment," states Paul Grasso, President of the Development Corporation. "TDC is pleased that the region's collaborative efforts to enhance our competitive advantage portfolio are being recognized externally."
Douglas credits the area's economic development team for achieving the high rankings, including the Chamber, the Development Corporation, the City and Town of Plattsburgh, the Clinton County Legislature and IDA, Empire State Development, the North Country Workforce Investment Board, Clinton Community College, CV-TEC, SUNY Plattsburgh, the North Country Regional Economic Development Council and others involved in economic and workforce development.