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Greater Victoria, BC News

ARTICLE

Date ArticleType
5/1/2013 Published Article
Greater Victoria Ranked Best Small City in the Americas

In April, Greater Victoria was named a multi 2013/2014 American Cities of the Future Awards winner by fDi Magazine from the Financial Times. Greater Victoria was awarded Overall Winner (small city category) Best Business Friendliness Winner (small city category), and Top 10 Best Foreign Direct Investment Strategy (small city category).The third award, Top 10 FDI strategy, highlights the Greater Victoria Development Agency’s (GVDA) excellence and was selected by a panel of independent judges.

These awards recognize Greater Victoria’s strengths as a place to invest; they are a testament to the fact that world-class talent loves living here. Local municipalities’ commitment to fostering a high quality of life (through cycle lanes, infrastructure, healthcare services, etc.) is regarded as a key factor of investment attractiveness. The next step for the region is to take advantage of this opportunity by working even more closely with the GVDA to make economic development a priority.

Companies such as Microsoft’s Gaming Division, Vecima Networks, and Cebas Visual Technologies that have chosen to move their business to Vancouver Island, demonstrate the region’s attractiveness as a place where existing businesses want to invest and grow. When Australia based Codan Radio Communications acquired local company Daniels Electronics, they recognized Victoria had the right mix of talent and lifestyle. According to Robert Small, former President of Daniels Electronics and now Vice-President and General Manager of Codan Radio Communications, “Codan executives were so impressed by the high-quality of talent both in the community and within Daniels as a company that they chose to keep the new division in Victoria. We are an example of how continuing to make Victoria more attractive as a place to live, work, and invest will lead to economic sustainability.”

By focusing on improving quality of life Greater Victoria is poised to continue attracting talent, businesses, and investment.  Talent attraction is a key component of the GVDA’s plan to ensure our region maintains its position as a global leader. In addition the GVDA continually develops and nurtures the local environment for FDI opportunities, helping diversify and stabilize the local economy.

It’s hard doing business anywhere, but for a small city, Victoria is doing incredibly well at keeping pace with other cities around the globe. These awards highlight Greater Victoria’s attractiveness to businesses and the talent they need to compete globally.

By Bruce Carter
CEO, Greater Victoria Chamber of Commerce

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