NYCEDC

Mar
12

NYC is most competitive city in the world, says new report

The Economist Intelligence Unit today released a new research report showing that New York ranks first in competitiveness, besting 120 of the world’s major cities. Commissioned by Citi, the report, titled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists. The report cites New York City’s innovative Applied Sciences NYC competition, which has resulted in the development of a new applied sciences campus being built on Roosevelt Island by Cornell University and The Technion-Israel Institute of Technology.

Mayor Bloomberg’s statement:

“Today the Economist Intelligence Unit has confirmed what New Yorkers have long known: that if you want to start a business, create a new product, or have a big idea, New York City is the place to be. New York City’s position at the very top of this list is no accident: it’s due to the investments our Administration has made and the world-famous ingenuity and creativity of New Yorkers. The global economy has made the competition between cities more important than ever, and it is vital that we continue to live up to the reputation we’ve earned as the greatest city in the world.”