OSHAWA, ONT.—The city of Oshawa has been ranked as a top city for foreign direct investment.
Oshawa placed second overall in the American Cities of the Future 2017/2018 ranking in the small cities category for foreign direct investment (FDI) strategy.
According to a release issued recently by the city, the rankings are compiled annually by fDi Intelligence, a division of the Financial Times. Oshawa was ranked against Canadian and U.S. small cities with the best prospects for inward investment, economic development and business expansion.
"Our recent growth and momentum in key areas such as health care, education and advanced manufacturing have gained increasing levels of attention from the international business community; we invite these stakeholders to discover how Oshawa's resources and strategic partners can maximize their potential," said Mayor John Henry in a statement.
American Cities of the Future 2017/2018 developed the shortlist of cities using online tools fDi Markets and fDi Benchmark.
Data was then collected under the following categories: economic potential, business friendliness, human capital and lifestyle, cost effectiveness, connectivity and FDI Strategy, states the release.
In total, 209 cities were categorized as small with populations between 100,000 and 350,000.
Follow @DCN_Canada on Twitter for more construction industry news and updates.