The Metro Rankings Report published by Business Facilities Magazine ranks the
City of Richmond and its metro area fourth in economic growth potential for
mid-sized cities, second in corporate leadership, and seventh in attracting
millennials.
The report, conducted
annually by the staff of Business Facilities, ranks metro areas on a series of
relevant economic development indicators ranging from gross domestic product
and cost of living to startup viability and “Millennial magnet” status.
The Richmond region’s top 10
rankings in three categories come on the heels of an announcement that Amazon will
locate a new fulfillment center in South Richmond creating 150 jobs and news
that Richmond-based CoStar would add 100 additional jobs to the city.
“This acknowledgment from
Business Facilities Magazine recognizes Richmond’s strong potential for
economic growth, an energized corporate climate, and the desirability of our
reliable and diverse job market,” said Mayor Stoney.
“Every day, we work to make
sure Richmond is not just a top 10 place to visit, but a top-ten place to
live, work, and play,” said Mayor Stoney. “These high rankings underscore our
commitment to achieving that goal through responsible economic growth.”
Leonard Sledge, the City of Richmond’s Director of Economic
Development, said Richmond is moving in the right direction. “Our city and our
metro area’s high rankings in these core categories bode well for Richmond’s
growth trajectory. These rankings present an opportunity to learn from the
innovative practices of higher-ranked cities and continually improve.”
A copy of the report can be
found here: https://businessfacilities.com/2019/07/business-facilities-2019-metro-rankings-report/
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