The City of Mississauga has won five awards from Foreign Direct Investment (fDi) Magazine, including being named the best mid-sized City of the Future 2021/2022.
Additionally, Mississauga was ranked as the second friendliest city for businesses, the city with the second-most economic potential, and the third-best city for connectivity.
Mississauga’s high ranking in terms of business accessibility shouldn’t come as a surprise–the city is home to 98,000 businesses, 1,400 multinational firms and 75 Fortune 500 companies, and it’s one of the largest business centres in all of Canada.
The fDi rankings evaluate cities across North and South America using a scoring system out of 10 points for each individual criteria, which are weighted by importance to create the overall scores.
The awards are based on several criteria, including infrastructure, incentives and capabilities of cities and regions for attracting future inward investment.
However, Mississauga wasn’t the only GTHA city to make the rankings–Brampton was ranked as the sixth-best mid-sized city of the future overall, as well as the second-best city for connectivity.
Further, Hamilton was ranked as the second-best mid-sized city overall, the best mid-sized city for business friendliness, the best mid-sized city for connectivity, and the eighth-best mid-sized city for human capital and lifestyle.
“The City of Mississauga continues to make it a priority to attract great talent and key knowledge-based companies that contribute to enhancing our global profile,” Mayor Bonnie Crombie said in a news release.
“Being innovative and welcoming to businesses reinforces our reputation as a destination where companies choose to invest, create jobs and remain ahead of the competition. Our office will continue to facilitate economic development and business expansion to Mississauga for a healthy and prosperous economy,” she continued.