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Richmond Hill Declared Leading City of the Future - May 4, 2011

Contact: Gwen Manderson, Director of Strategic Initiatives, 905-771-2411, gmanderson@richmondhill.ca

RICHMOND HILL DECLARED A LEADING ‘CITY OF THE FUTURE’
Ranked fourth in fDi Magazines ‘American Cities of the Future 2011/12’ in the ‘Small Cities’ category
 
RICHMOND HILL – The Town of Richmond Hill was recently declared a leading ‘City of the Future’ in Foreign Direct Investment (fDi) Magazine’s American Cities of the Future 2011/12 ranking, placing fourth amongst all ‘Small Cities’ and being the only municipality in Canada to place in the top 10.

“As a municipality committed to growing local small businesses as well as attracting international investment, we are extremely honoured to receive this ranking,” said Mayor Dave Barrow. “This ranking shows us as a leader alongside other communities internationally and is a further testament to our new Economic Development Strategy that outlines a vision of sustained economic growth built on innovation, investment, entrepreneurship, creativity and quality of place.”

Richmond Hill was judged against data collected by fDi Magazine on 405 cities across North and South America. The cities were judged in several categories, including: economic potential, human resources, cost effectiveness, quality of life, infrastructure, business friendliness and foreign direct investment promotion strategy. 

“Foreign direct investment is a key driver and indicator of economic growth and prosperity. With many national and international head offices already located here and many more being recruited, Richmond Hill is and will continue to market its international investment profile to ensure sustainable local economic growth and long term prosperity. We are very excited about what the future holds for Richmond Hill,” said Mayor Barrow.

fDi Magazine is the world's premier publication for the business of globalization. Published on a bimonthly basis, with a circulation of more than 15,000, fDi provides corporate decision-makers with an up-to-date image of the ever-changing global investment map. In the inaugural American Cities of the Future ranking, towns with a population of more than 100,000 but less than 250,000 were considered for the ‘Small Cities’ category. 

To view a full PDF version of the report, including methodology, please visit:

As one of Canada’s fastest growing municipalities, Richmond Hill is home to 188,000 residents and over 4,000 businesses. Centrally located in the heart of the Greater Toronto Area, with strong industry clusters in information and communication technology, life science, finance and insurance, and health, many major corporations and head offices have chosen to locate in this community. Richmond Hill has excellent and growing transportation infrastructure, a high standard of living, the most educated workforce in Canada and has become an award winning municipality with a strong commitment to exceptional public service. Richmond Hill is the place to be for your business to succeed. 

 
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