Financial Times has recognized five North Texas cities on its list of the best cities for foreign business, The North Texas Commission and the World Affairs Council of Dallas-Fort Worth announced.
The annual FT-Nikkei ranking put Plano, Irving, and Dallas in the Top 5 on its list, with Fort Worth and Arlington ranked in the top 20.
“This recognition affirms North Texas as a powerhouse in the international business landscape,” Chris Wallace, president and CEO at the North Texas Commission, said in a statement. “As the fastest growing region in the nation, we continue to attract and support foreign businesses to the U.S., fostering a diverse and vibrant economic ecosystem, and we are committed to continuing our work in the region to ensure foreign companies know North Texas is superior location for the growth and expansion of business.”
Of the North Texas cities, Plano ranked highest at No. 3, surpassed nationally by only Houston and Pittsburgh at No. 1 and 2.
Plano was followed by Irving at No. 4 and by Dallas at No. 5. Fort Worth was ranked No. 12, with Arlington making the list at No. 17.
Location, innovation, and collaboration
The Financial Times list is a comprehensive evaluation of cities across the U.S., measuring performance in categories including workforce and talent; openness; business environment; foreign business needs; quality of life; investment trends; and aftercare.
The strong showing by North Texas reflects the “dynamic and thriving business environment” local cities offer to foreign enterprises, the council and commission said, also citing DFW’s international transportation infrastructure.
North Texas’ strategic location and commitment to innovation have propelled it to the forefront of global business destinations, the organizations said.
North Texas’ appeal extends beyond its traditional strengths, such as energy and technology, to include a wide range of industries, the North Texas Commission said. The diversity of sectors and the collaborative spirit within the region contribute to North Texas’ success as a favorite destination for global businesses seeking strategic placement in the nation, the NTC added.
“We’re thrilled to see North Texas emerge as a leader in the Financial Times ranking,” Liz Brailsford, president and CEO at the World Affairs Council of Dallas-Fort Worth, said in a statement. “This achievement reflects the dedication of our community to fostering international relationships and promoting a business-friendly environment.”
Letting the world know North Texas is open for business
The WACDFW and the North Texas Commission said they remain dedicated to fostering global connections, supporting economic growth, and positioning the region as a hub for innovation and collaboration.
They have begun exploring the need for a unified international outreach initiative, working with organizations across the region to let the world know North Texas is open for international business.
Established in 1971, the North Texas Commission is a public-private partnership that drives large impactful projects and legislative issues benefiting a robust 13-county region and tackles the region’s greatest challenges with board and staff subject matter experts who provide resources to market the region and educate future leaders. It said it manages the region’s unified advocacy voice at the state and federal levels.
The World Affairs Council is a nonprofit organization dedicated to promoting understanding and engagement in international affairs. Through educational programs, events, and initiatives, the council connects North Texas to the world, fostering global awareness, understanding, and cooperation.
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