FT News Briefing FTNB Live: The best US cities for foreign investment
Nov 11, 2023
Amanda Chu, the FT's U.S. energy correspondent, dives into the recent ranking of U.S. cities for foreign investment. Houston has surged ahead of Miami, thanks to its strong business climate and dual role as an oil hub and clean tech center. The discussion also unveils Miami's slip in rankings, attributing it to rising housing costs and methodological shifts. Additionally, the importance of diversity and the impact of climate risks on city attractiveness for investment are explored, shedding light on the evolving landscape for foreign investors.
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Using the Ranking
- City policymakers should analyze the ranking data to understand their city's strengths and weaknesses for foreign investment.
- Investors can use the list as a starting point for their site selection process, then tailor it to their specific needs.
Talent's Importance
- Access to a talented workforce is a key factor for attracting foreign investment, as seen in cities ranking highly in the talent category.
- Companies are now chasing workers, particularly in fields like IT and programming, changing the investment attraction paradigm.
Leveraging Success
- Top-ranked cities should leverage their ranking to attract investment but also focus on addressing challenges like housing shortages and infrastructure needs.
- Investors should use the ranking as a starting point for their location search and adapt it based on their company's individual needs.