Richmond ranks fourth nationally in economic growth potential of mid-sized cities

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/

##