Ottawa – The City of Ottawa has received high marks in the Financial Times fDI Intelligence (foreign direct investment) biannual rankings of the most promising mid-sized cities for investment in North, Central and South America.
Ottawa was ranked number one among 77 mid-sized cities (defined as having a city population of more than 200,000 and a larger urban zone over 750,000) in the category of Business Friendliness. The city ranked second in the Economic Potential category, third overall, and tenth in Human Capital and Lifestyle, in the same demographic grouping.
For the 2015-16 rankings, data were collected on 421 cities in the Americas under five categories: Economic Potential, Business Friendliness, Cost Effectiveness, Connectivity, and Human Capital and Lifestyle.
“We welcome this recognition from the Financial Times as further proof that Ottawa is a great city in which to invest, and that our economy is strong, resilient and continues to grow,” said Mayor Jim Watson. “Our knowledge-based industry is burgeoning, with more than 1,700 companies here employing over 66,000 people. Our high rankings when viewed through the lens of foreign direct investment stand testament to our continuing efforts to cut red tape and to create a business ecosystem that gives investors every reason to choose Ottawa.”
“This is the second time in two years that the City of Ottawa has been recognized for its FDI strategies,” said Bruce Lazenby, President and CEO of Invest Ottawa. “The Ottawa ecosystem has been growing at a rapid pace, having led the country in software and communications IPOs in the past five years and with over a billion dollars spent by Ottawa firms acquiring foreign companies. With our local talent and resources, there has never been a more exciting time to grow a business in the nation’s capital.”
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