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Miami has been ranked the best city in the United States for foreign multinationals to do business in the inaugural FT (Financial Times)-Nikkei Investing in America Rankings. Orlando came in second place, followed by New York (third), Boston (fourth) and Houston (fifth).
The rankings are a data-driven look at which U.S. cities are best positioned to attract overseas investment. The research tracked how cities performed across eight criteria, including workforce and talent; openness; business environment; foreign business needs; quality of life; investment trends, and aftercare.
Miami finished first in the rankings by succeeding where it counts: last year, it pulled in the most foreign direct investment per capita of any city studied. It also scored high in catering to the special needs of overseas companies, including an international airport with dozens of non-stop flights to foreign destinations and close access to two of the largest shipping ports in the country.
“We saw Miami become a magnet for domestic investment during the pandemic, with financiers from New York and tech entrepreneurs from San Francisco moving there. It’s become clear that business executives overseas are following suit,” said Peter Spiegel, U.S. managing editor at the FT. “The city has always been the U.S. gateway to Latin America, but what’s changing is that European and Middle Eastern investors are now putting it high on their list, too.”
The FT and Nikkei launched the Investing in American Rankings to highlight the challenges facing overseas multinationals in the U.S. at a time of increasing protectionism in Washington, D.C., mounting competition for capital from China and rising barriers to overseas talent in many U.S. jurisdictions. The ranking draws on the special expertise of both the FT and Nikkei, as the leading news organizations in Europe and Asia, with regard to cross-border investment in the US.
For more information on the FT-Nikkei Investing in America Ranking, including the full methodology, please visit: ig.ft.com/us-cities-index.
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