Miami Named 7th Best "City of the Future" For Foreign Investment
Miami basically runs on foreign investment, so it's not exactly a surprise we've made "The Cities of the Future" list complied by FDI Intelligence's, a sub-publication of the Financial Times" FDI, which stands for Foreign Direct Investment — a term for when a foreign business has a controlling ownership stake in an enterprise in another country.
The list compiles the outlook for those foreign investments in cities across the Americas, and Miami came in 7th of major cities and 9th overall.
Five different factors are taken into account: economic potential, human capital and lifestyle, cost effectiveness, connectivity (including ports and airports), and business friendliness.
Of major cities, Miami came in 8th overall for economic potential, 4th for connectivity, and 8th for business friendliness.
Here's the top 10 of major cities overall. New York reigns supreme for the third year in a row.
Though, when cities of all sizes were taken into account, Miami was bumped back to 9th overall. With small Sunnyvale, California and Vancouver, Canada taking spots five and eight respectively.