Mobile ranked No. 10 small city of the future by magazine
Tuesday, Apr 19, 2011
- Friday, Apr 19, 2013
fDi Magazine has ranked Mobile No. 10 among small cities of the future in the Americas.
The magazine, published by London's Financial Times, is aimed at executives and consultants who might be picking new business locations around the world. The name in an acronym for foreign direct investment.
A panel of five judges ranked Mobile No. 10 among cities with populations of 100,000 to 250,000. That group of 175 included No. 1 Richmond, Va., and No. 5 Huntsville. New York was No. 1 among major cities, while Pittsburgh, Pa., was tops among large cities. Greenville, S.C., was No. 1 among cities with less than 100,000 people.
Rankings were compiled using numbers and judges' opinion to rank cities on their chances for attracting foreign investment, economic development and business expansion.
"This ranking is further proof that Team Mobile's strategy for attracting foreign direct investment is right on track," said Troy Wayman, the Mobile Area Chamber of Commerce's vice president for economic development. "Being ranked in the Top 10 for strategy puts us in very good company and sets us apart from much of our competition in the nation."
Mobile ranked No. 5 for foreign direct investment promotion strategy, based on information submitted by the chamber, behind No. 1 Huntsville. It also ranked No. 9 for job creation from foreign direct investment. The Press-Register recently counted 35 foreign-owned companies in Mobile County that employ nearly 10,000 people, or roughly one in every 15 private-sector workers.
It's the second time that Mobile has placed in the rankings. In 2009, fDi rated Mobile No. 5 for cost effectiveness.
Published: Tuesday, April 19, 2011, 6:00 AM Updated: Tuesday, April 19, 2011, 6:18 AM
By Jeff Amy, Press-Register