fDi Markets Newswire:

Home / Rankings / fDi’s Global Cities of the Future 2016/17 – FDI Strategy

Edinburgh has taken the Global Cities of the Future title for FDI Strategy, followed by Hong Kong and Chicago.

Scotland’s capital, Edinburgh, has ranked first in the 2016/17 FDI Strategy category for Global Cities of the Future. The investment department in the city council is responsible for the promotion of the city as an investment destination, and focuses on working with, and sharing knowledge with, other agencies. The council regularly hosts colleagues from cities including Shenzhen and Munich, and staff in the council benefit from EU-funded staff exchange programmes.

 

Download a PDF of the report here: 

The city has entered into an agreement with the southern Chinese city of Shenzhen to encourage investment and broaden links between the cities. The council has embarked upon several bilateral trade delegations, while incubator space has been set up in Edinburgh to accommodate incoming investors from Shenzhen. A counterpart facility has been established in China to attract and facilitate investors from Edinburgh.

Free soft landing services are offered to all new investors coming into Edinburgh, which includes advice on property options, information on relocating staff and access to meeting and work spaces in the city. The Invest Edinburgh website is published in French, German, Spanish, Mandarin and Arabic, as well as its native English, while a parallel website has been created in Chinese – a further bolster to the council’s China strategy.

fDi Global Cities of the Future Ed Choice

Hong Kong improves

Hong Kong has ranked second for FDI Strategy, with Invest Hong Kong impressing judges with its network of 30 overseas offices and its extensive reach in global markets. The city’s start-up strategy (StartmeupHK) encourages young innovative companies to use the city as a springboard for business growth. The first StartmeupHK festival was held in Hong Kong in January 2016, showcasing the city as a destination for fintech and healthtech sector investments, as well as for the Internet of Things and data analytics.

Chicago, the third most populous city in the US and a newcomer to the FDI Strategy category in this year’s ranking, has placed third. World Business Chicago (WBC), in charge of investment promotion for the city, has a staff of 42 people based in both Chicago and at the organisation’s permanent office in Shanghai. The agency is also responsible for the Sister Cities International programme, which is an investment and cultural exchange programme with 28 other global cities.

The city’s China initiative has established Chicago as the US FDI gateway for investment from Beijing, Shanghai, Tianjin, Qingdao, Shenyang, Hangzhou, Wuhan and Chengdu. WBC’s international outlook extends further than China, with an outreach to global cities including London, Paris and Toronto, and an official economic partnership with Mexico City. A range of benefits are available to prospective investors, including state tax credits; relief from training costs; industrial growth zones with streamlined development incentives; and green incentives to encourage environmentally responsible development. 

This article is sourced from fDi Magazine
fDi Magazine

The fDi Report 2018: Free Download

The fDi Report 2018 promobox

Crossborder investment monitor

fDi Markets - Cross border investment monitor

fDi Markets is the only online database tracking crossborder greenfield investment covering all sectors and countries worldwide. It provides real-time monitoring of investment projects, capital investment and job creation with powerful tools to track and profile companies investing overseas.

Click here to find out more about fDi Markets

Corporate location benchmarking tool

fDi Benchmark is the only online tool to benchmark the competitiveness of countries and cities in over 50 sectors. Its comprehensive location data series covers the main cost and quality competitiveness indicators for over 300 locations around the world.

Click here to find out more about fDi Benchmark

Research report

fDi Intelligence provides customised reports and data research which deliver vital business intelligence to corporations, investment promotion agencies, economic development organisations, consulting firms and research institutions.

Find out more.
Follow us on Twitter