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.”
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.
The full report can be viewed at http://danvilleva.gov/DocumentCenter/View/20873.