Danville, VA Local Government News and Announcements

Posted on: September 25, 2017

Magazine ranks city high for economic potential

Corrie Teague Bobe (center), and Telly Tucker (right) receive award.

The City of Danville has received an award from fDI (Foreign Direct Investment) Magazine, which ranked the city among the top micro cities for economic potential in its 2017-2018 American Cities of the Future study. Danville ranked eighth in the list.

The magazine, which is a publication of the Financial Times, studies the most promising investment locations in North and South America, and then every two years releases the rankings as part of an analysis of various sized cities. Micro cities are those with a population less than 100,000.

“It’s very humbling to receive this recognition from fDI and the Financial Times,” said Telly Tucker, director of the Danville Office of Economic Development. “When the international community recognizes the hard work and accomplishments by the City of Danville, it is gratifying on so many levels.”

Tucker continued, saying, “One of the most frequent pieces of feedback I receive from clients and visitors to Danville is that the city has tremendous economic potential and in some ways this award helps to validate those comments. The Office of Economic Development was delighted to receive this award on behalf of the City and would like to sincerely thank our citizens, elected officials, city staff, community partners and supporters that all work tirelessly to help make this City an extraordinary place for business!”

The American Cities of the Future report was released in April by fDi Magazine, a specialist publication aimed at corporate executives and others involved in corporate site-selection decisions.

Cities in the study conducted by the fDi Intelligence Division of “The Financial Times” were classified by population size: major, large, mid-sized small and micro. Danville was among 37 North American communities with populations below 100,000 evaluated in the project's "micro" cities category. The micro cities were then graded in five categories: economic potential, business friendliness, human capital and lifestyle, cost effectiveness and connectivity.

Wilmington, Delaware, placed first in the category, followed by Greenville, South Carolina; Plattsburg, New York; Santa Fe Springs, California; Langley, British Columbia, Canada; Poughkeepsie, New York; Meridian, Idaho; Danville; Santa Ana, Cost Rica; and Bismarck, North Dakota. Wilmington was ranked as the top micro city overall.

The Danville Office of Economic Development recruits and retains businesses for the Danville area. The office provides information on available sites and buildings, incentives and other financial resources and offers a website designed for the business community, discoverdanville.com.

Report: fDi American Cities of the future 2017-18
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