Updates and Activities of the NCREDC
The North Country Chamber of Commerce and the Development Corporation of Clinton County are welcoming news that fDi Magazine (Foreign Direct Investment), a publication of the Financial Times of London, has ranked Plattsburgh as the #2 Micro American City of the Future, advancing from its #4 ranking two years ago. The city rankings are released every two years as part of an analysis of various sized cities in the Americas, with micro cities being those with less than 100,000 population.
Plattsburgh also scored very strongly in each of the components used as factors in the rankings, as follows:
• #2 for Economic Potential
• #1 for Human Capital and Lifestyle
• #3 for Business Friendliness
• #9 for Connectivity
• #1 for Foreign Direct Investment Strategy
“What is most gratifying about this ranking is that, while our recent #8 ranking by Site Selection Magazine was evaluating past success, this review seeks to identify the Cities of the Future, looking at the data, trends and strategies in place,” states Garry Douglas, President of the North Country Chamber of Commerce. “It is truly remarkable to be compared with like size communities across all of North and South America and be ranked number two overall and in the top ten in five of the component ingredients they assess.”
fDi’s Cities of the Future rankings are created by a distinguished judging panel, reviewing and analyzing dozens on data points. Among the criteria used are population forecasts, GDP, total inward and outward foreign direct investment, infrastructure investments, strategies and fools for FDI and other factors and trends.
“This elevated ranking, together with the very high rankings in five strategic components of success, will send a fresh message to companies and investors everywhere that there is a place called Plattsburgh that they need to be aware of,” says Douglas. “It reaffirms that our international strategies, particularly our unique approaches to broadening and deepening our connections with Quebec, are not only correct but are a model for other small areas.”
“We are proud to have earned so high a ranking on fDi’s list of Micro American Cities of the Future,” states Paul Grasso, President of the Development Corporation.
“The high ranking in multiple categories demonstrates the value of the synergies created by our collaborative approach to economic development. It’s an especially distinguished honor in that it recognizes our achievements in growing Greater Plattsburgh’s regional economy by offering an attractive package of cost competitiveness, a skilled workforce, access to global markets, a strong educational system, and a great quality of life. We will continue to work hard to encourage more firms to locate here and to attract even more foreign direct investment.”
“This news fits with what I said in my State of the City address earlier this year,” notes James Calnon, Mayor of the City of Plattsburgh. “I said there was a spirit of confidence and optimism as we began 2015, and there were good reasons for it. Five of those reasons are cited by fDi. We are moving up and plan to continue to do so.”
“The fDi designation of Plattsburgh as the #2 Micro American City of the Future is great news and further validates this region’s commitment to provide an environment and quality of life that both serves to attract businesses and satisfies the needs of individuals and families,” states Sam Dyer, Chairperson of the Clinton County Legislature. “The Clinton County Legislature remains committed to policies that promote economic development in our area.”
“I am pleased to learn that fDi has identified Plattsburgh as a top Micro American City of the Future,” states Bernard Bassett, Town of Plattsburgh Supervisor. “This is exciting news for everyone who has worked to make this possible by providing the resources to develop our local capacity. Our potential is significant and I believe we have seen growth in the past few years that reflects that positive changes are possible and have begun. We look forward to continuing the regional collaboration that empowers all of us to succeed at this level!”
Douglas and Grasso credit the area’s economic development team for achieving the high rankings, including the Chamber, the Development Corporation, the North Country Regional Economic Development Council, the City and Town of Plattsburgh, the Clinton County Legislature and IDA, Empire State Development, the North Country Workforce Investment Board, Clinton Community College, SUNY Plattsburgh, CV-TEC, CITEC, Vision 2 Action and others involved in economic and workforce development.