Vancouver has been named one of the 20 best cities in the world for long-term success.
According to a recent report by Visual Capitalist and the World Economic Forum, technological change is advancing rapidly with a globalized economy, and with the growth, cities are transforming at an unprecedented rate.
“But while these fast-moving currents are found in pretty much every urbanized setting, not every city is doing well to navigate them,” said Jeff Desjardins, founder and editor of Visual Capitalist.
“In an increasingly digital and global economy, cities must be able to attract high-end talent, foster innovation, and maintain competitiveness – and failing to do so can have dire consequences.”
Using data from the City Momentum Index 2018 produced by JLL, the report tries to identify cities that are at the forefront of the innovation economy, by looking at important factors such as the number of tech firms, education, environment, transparency, infrastructure, and international patents.
And from there, the report narrowed down the cities that have the future-proofing capacity for longer-term success.
Vancouver, one of the three Canadian cities to break into the list, made it to number 19.
“By investing in and leveraging their strengths in technology, physical and digital connectivity, quality of life and sustainability, [these cities] are positioned to maintain their performance into the future in this new competitive landscape,” said Desjardins.
Other Canadian cities on the long-term success list include Toronto at ninth, and Montreal at 26.
Just a short drive south of the border, Seattle also made a name for itself, finishing twelfth in the top 30. Visual Capitalist has the city down as one of the best positioned for long-term success, with a boost of short-term momentum.