Boston has been named the best US city for foreign multinationals to do business, topping the fourth annual FT-Nikkei Investing in America ranking as companies prioritise skilled workers and research networks despite the city’s higher costs.
The rankings measure American cities across more than three dozen metrics important to foreign investors, and Boston represents a new kind of winner, driven by human and intellectual capital, rather than cheap land and low taxes. Its reliable power grid and strong public transit network helped the capital of Massachusetts fare better than previous winners in Florida and Texas in a new energy resiliency category.
Boston has tried to distinguish itself as a city that “stands strong for science and research” and remains open to talent from abroad, said Mayor Michelle Wu.