Cork City has been voted as the No.1 small European city for Economic Potential, 2nd Overall and 4th for Business Friendliness
The results of the Financial Times European Cities and Regions of the Future awards were recently published and for the 2nd year in a row Cork City came out on top
The awards benchmark locations for their attractiveness to Foreign Direct Investment under categories such as connectivity, human capital and lifestyle and cost effectiveness
In their assessment, the Financial Times referenced the opening of the recent container terminal in the Port of Cork, the future regeneration of the Cork City Docklands, and the projected population increase saying that all these developments bode well for foreign investors, of which Cork has no shortage
Lord Mayor of Cork, Cllr Deirdre Forde said that “I am delighted to welcome this news. This international recognition adds further confidence to the already present local and national confidence in Cork City’s future. Cork City has experienced a great level of investment and economic growth in recent times resulting in a higher quality of life for our citizens. Cork City Council and the people of Cork will continue to work together to ensure a bright future for our City”.
Cork City Council Chief Executive, Ann Doherty said that “I echo the sentiment and comments of the Lord Mayor. For the second year in a row, Cork City has been recognised as the no.1 small European city for Economic Potential and 2nd overall across various categories in the fDi Intelligence European Cities and Regions of the Future awards. This news is greatly welcomed and is proof that the work and collaboration between Cork City Council and all the key Cork City Stakeholders is paying dividends. Cork City is poised to take its place as one of the premier small European Cities to live, work and invest in.