The City of Mississauga took second place for "Best Economic Potential in North America" in the "North American Cities of the Future 2007/2008" competition.  Foreign Direct Investment (fDi) magazine, a Financial Times Business publication, analyzed the top 10 cities of all sizes, with the best strategies and resources for economic development.  Researchers took more than six months to select the top 10 cities in a number of categories. Mississauga, with a population between 500,000 and two million people, was ranked in the "Large Cities" category.

"The City of Mississauga has the opportunities and stable infrastructure to support foreign direct investment," said Mayor Hazel McCallion.  "We are pleased to have received international recognition from such a prestigious business publication.  With 57 Fortune 500 companies, and 51 Global 500 companies with head offices in Mississauga, we know that our city has great potential for investment. Now the world knows."

The short-listed cities scored high in the following categories: economic potential, cost effectiveness, human resources, quality of life, infrastructure, business friendliness and development and investment promotion.

"fDi magazines’s City of the Future rankings reflect an independent panel of judges' views on each city according to seven selection factors," said Courtney Fingar, editor of fDi magazine.  "As part of the selection process, nine judges reviewed the nominations from 108 cities on more than 60 criteria designed to assess cities’ potential to attract business investment projects."

The April/May issue of fDi magazine, which features the winners including Mississauga, will be distributed at a number of business conferences including BIO 2007, the Middle East World Economic Forum, Cityscape China, Cityscape Abu Dhabi and the Financial Times Global Outsourcing and Off Shoring Conference. In addition, fDi magazine has a circulation of 15,000 internationally.

Mississauga is Canada's sixth largest city with a population of more than 700,000. With well-established infrastructure and state-of-the-art facilities, the City is considered to be an employer of choice, delivering quality municipal programs and services to its citizens. Mississauga is a dynamic, diverse and progressive municipality, known for its economic strength and for being Canada’s safest city.

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