![]() ![]() The Toyota investment is a sign that North Carolina has become something of a hub of such cities, joining others in the south-east with pro-business labour laws and low corporate taxes. Other cities ranked surprisingly well despite not winning marquee projects - Jacksonville, Pittsburgh, Kansas City - because they have created a business environment where foreign companies can prosper. Miami, the winning city, has been a gateway to Latin America for half a century and has secured more than 70 new projects from the region in the past decade, according to fDi Markets data. Some have long been hailed as multinational hubs. The top 20 cities in the FT-Nikkei ranking secured nearly a third of all new FDI projects announced in the US last year. ![]() How many international flights leave from nearby airports? How much do local economic development authorities help companies with requirements such as visas once they set up shop? How many foreign-born nationals live in the region? (For more details, read our methodology.) Unsung heroes “Every site we pay for, we want to make sure it’s successful - and that success starts with its labour force,” says Tim Ingle, chief financial officer of Toyota North America, which moved its US headquarters to the Dallas region in 2017 and this year broke ground on a $1.3bn battery plant near Greensboro, North Carolina - an investment that was supplemented by an additional $2.5bn announced in August.īut the FT and Nikkei also examined attributes that would specifically attract overseas investors. Many of the metrics the FT and Nikkei used to measure cities are the same a domestic company would consider to decide where to invest: a skilled workforce, for instance, appeared in nearly a third of US project announcements from foreign investors last year, according to fDi Markets. That increasingly competitive scramble for foreign capital has prompted the FT and Nikkei - two of the world’s leading chroniclers of cross-border investment - to compile the inaugural Investing in America ranking, a data-driven tally of the best cities in the US for foreign companies to do business. Still, the shock of 2020 has led many American cities and states to redouble their efforts to attract foreign capital, no longer complacent that the sheer size and dynamism of the country’s economy is enough to convince overseas executives to pick the US for their next investment dollar. FUTURE FIGHT NEVER SPENT MONEY OFFLINEThis is most likely due to being offline or JavaScript being disabled in your browser. You are seeing a snapshot of an interactive graphic. ![]()
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