Austin crowned among world’s top cities of the future in new report

When it comes to cities on their way to continued global business success, Austin is at the top of the class.

Austin ranks 11th in the 2020-21 First Tier 2 Cities of the Future, published August 20 by the Financial Times’ FDI Intelligence Division. The report takes a “closer look at the non-capitals that are attracting investor attention worldwide”.

Second-tier cities around the world – defined as non-capital cities with a population of less than 8 million – were rated on 116 data points across five categories: economic potential, cost-effectiveness, business-friendliness, connectivity, and human capital and lifestyle.

In addition to the eleventh place overall, Austin ranks eighth in terms of economic growth potential.

Texas has a stronghold on the global list, with Houston and Dallas also in the top 20. Houston ranks third while Dallas ranks 19th. Houston ranks third in terms of human capital and lifestyle, and seventh in economic potential. In terms of human capital and lifestyle, Dallas ranks eighth.

At the top of the overall list is San Francisco, followed by Montreal in second place.

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