GPCI 2017 Report: NYC Again Ranked World’s #2 Most Attractive City

12-Oct-2017 Intellasia | BusinessWire | 11:00 AM Print This Post

Los Angeles’ overall ratings improved, five U.S. cities ranked as
leading R&D locations

TOKYO–(BUSINESS WIRE)–#GPCI2017–New York City was again ranked the world’s second most attractive city
in the 2017 Global Power City Index (GPCI) report published today by The
Mori Memorial Foundation’s Institute for Urban Strategies
, a
research institute established by Mori
Building
, a leading urban developer in Tokyo. First published in
2008, the annual GPCI report evaluates and ranks 44 major cities
according to their “magnetism”, or their overall power to attract
creative individuals and enterprises from around the world. Cities are
rated on the basis of 70 detailed indicators in six categories:
“Economy”, “R&D”, “Cultural Interaction”, “Livability”, “Environment”,
and “Accessibility”.


For the sixth year running, NYC achieved an overall No.2 ranking, behind
London. Due to an improvement in its nominal GDP, the city reclaimed the
top slot in the “Economy” category, and retained its lead in the “R&D”
field, thanks to the number of the world’s top 200 universities based
there and its level of R&D expenditure. Key challenges for the Big Apple
lie in the cost of housing and the lack of greenery, which contributed
to the city’s low ratings in the category of “Livability” (ranked #34)
and “Environment” (#30).

Los Angeles jumped from No.13 to No.11 in the overall rankings this
year, due partly to improvements in its “Livability” ratings, which were
in turn driven by higher employment levels and an increasing variety of
retail outlets and restaurants. Moving forward, the host city of the
2028 Olympic and Paralympic Games needs to address its relatively low
“Accessibility” ranking, currently #22, by improving the punctuality and
coverage of public transportation and the travel time between the city
and its international airport.

Commented Allen J. Scott, Distinguished Research Professor at UCLA, “The
2028 Olympic and Paralympic Games will bring many benefits to Los
Angeles, among them a much-needed large-scale upgrade of mass transit, a
boost to the local tourist trade, and a significant stimulus to
employment. The outcome of the 2028 Games will be positive not only in
budgetary terms, but also and especially in terms of the consolidation
of Los Angeles as one of the foremost global city-regions of the 21st
century.”

Five major cities in the U.S. – New York, Los Angeles, San Francisco,
Boston and Chicago – continued to dominate the top 10 rankings in the
“R&D” field, owing to the presence of so many of the world’s top 200
universities and the large number of resident prizewinners in the fields
of science, technology, engineering and mathematics. Other North
American cities highlighted in this year’s report include Toronto
(ranked #19 overall) , Vancouver (#28), and Washington D.C. (#29).

Commented Hiroo Ichikawa, Executive Director of The Mori Memorial
Foundation, “In the last 10 years, the report has shown that the power
of cities has been changing as a result of changes in the macro
environment. Our report suggests that a city’s overall power cannot be
determined by a single factor, such as its economy, but needs to take
into account the many factors that define the city. We believe that our
GPCI report can help policy makers and global companies achieve smarter
planning and decision-making.”

Commented Shingo Tsuji, Director of The Mori Memorial Foundation and CEO
of Mori Building, “Global players today are seeking cities not just with
a strong business environment, but those additionally offering improved
lifestyles: high quality residences, diverse cultural and retail
facilities, a stress-free transportation network and a rich natural
environment. For global cities to thrive, they need to bolster their
overall magnetic power; this will help them to attract talent and
investment from around the world.”

For more details of the GPCI 2017 report, see http://www.mori-m-foundation.or.jp/english/ius2/gpci2/index.shtml

Contacts

Media Inquiries
Weber Shandwick
Rutsuko Nakajima, +81
(0)90 9006 5841
Masashi Nonaka, +81 (0)80 1037 7879
moribldg@webershandwick.com

 


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