Pittsburgh will receive three “Top 10 American Cities of the Future” awards from Foreign Direct Investment magazine and fDi Intelligence, which are part of the London-based Financial Times, a daily newspaper that covers global business and economic news.
The awards—which recognize regional strengths in economic potential, human capital and lifestyle and foreign direct investment strategy—will be presented at the 2015 International Economic Development Council Conference, taking place October 4-7 in Anchorage, AK.
What led to the rankings? The Allegheny Conference on Community Development reports that the 2015-2016 American Cities of the Future were selected via a rigorous market research process:
“In total, 421 locations were analyzed for the study, and then data were collected for these locations under five categories: economic potential, business friendliness, human capital and lifestyle, cost effectiveness and connectivity. Locations scored up to a maximum of 10 points for each data point, which were weighted by importance to the FDI decision-making process. Top 10 lists were created for each of the main categories for major, large, small and micro cities.” Pittsburgh is receiving the honors in the study’s large city category.
Surveys were also collected under a sixth category, FDI Strategy. There were 105 submissions from locations detailing their strategy for promoting FDI, which were then scored by fDi’s judging panel. Cities in the survey were categorized according to population: micro, small, mid-sized, large and major.
The Allegheny Conference on Community Development also reports that since 2000, Pittsburgh has been named to 200-plus “best lists,” including recognition by national and international publications for most livable place.
Read and download a PDF of Foreign Direct Investment‘s report detailing the winners of its American Cities of the Future 2015-2016.