Business and innovation | April 17, 2017
The City of Mississauga received five awards from the Foreign Direct Investment (fDi) Magazine, including being the overall winner for mid-sized City of the Future 2017/18 in all of the Americas, beating 74 other cities in this category. According to fDi Magazine’s report, Mississauga has gained a reputation as a hub for advanced manufacturing recording the highest number of companies in the mid-sized city category.
“Mississauga has a prosperous and sustainable economy. We’re attracting great talent and key knowledge-based companies that contribute to enhancing our global profile,” said Mayor Bonnie Crombie. “Being innovative and welcoming to businesses is cementing our reputation as a destination where companies choose to invest, create jobs and remain ahead of the competition.”
In addition to being selected as mid-sized City of the Future, Mississauga received top ranking in the mid-sized city category for business friendliness. The city also ranked fifth for connectivity, seventh for FDI Strategy and ninth for economic potential.
“Mississauga is an innovative and business-friendly city that continues to receive recognition. Performance rankings such as these help build Mississauga’s international profile and validate the city’s value proposition,” said Susan Amring, Director, Economic Development. “Our office will continue to facilitate economic development and business expansion to Mississauga in order to facilitate a healthy and prosperous economy.”
fDi Magazine’s Cities of the Future shortlists are created using specialist online tools across 421 cities throughout North and South America. Cities are scored up to a maximum of 10 points under each individual criteria which are weighted by importance to give the overall scores. The ranking system is focused on a mixture of data and expert opinions to rank cities that have the best prospects for inward investment, economic development and business expansion.
fDi Magazine is the world’s premier publication for the business of globalization. Published on a bimonthly basis, with a highly targeted circulation of over 15,000, fDi provides corporate decision-makers with an up-to-date image of the ever-changing global investment map. For more information, visit fDi Intelligence.
City of Mississauga
905-615-3200 ext. 5334