New York, San Francisco Top Fintech, ranking of crypto leaders
From coast to coast, players in the fintech industry are looking for locations that will provide the infrastructure, workforce and business climate to support their success. IN business facilities 18th Annual Ranking Reportit Fintech leaders the ranking highlights cities with the workforce, regulatory environment and overall ecosystem suited to this burgeoning area of the financial world. Leading the race is New York City, ranked number 1 this year. After the Big Apple on the list, San Francisco, CA is known for its tech-friendly business climate.
“The sheer size of New York City’s financial and technology infrastructure positions the metro as a fintech leader. This year, we looked at the number of fintech startups along with available talent, and NYC topped the list,” said BF Editor-in-chief Anne Cosgrove.
Rounding out the top 5 metros in the Fintech Leaders ranking are: Toronto, ON; Atlanta, GA; and Boston, MA, respectively.¹
The related Crypto market leaders ranking, focused on available jobs and job growth, is topped by San Francisco, CA. Completing the top half of the leaderboard: Austin, TX; New York City; Miami-Fort Lauderdale, FL; and Denver, CO.
On the Move: Metros for Movers, Logistics Managers, Recovery Job Growth
The annual ranking report introduced Metros For Movers in recognition of remote working requirements, as well as the need for companies to attract labor beyond traditional means. Looking at incentives offered by cities and towns, the top spot in this category goes to Morgantown, WV. Through the Ascend WV program, those who meet the qualifications receive up to $12,000 to move to Morgantown. Rounding out the top 5 are: Topeka, KS; Tulsa, OK; Bentonville, AR; and New Haven, CT.
For companies that focus on moving goods and services, Logistics managers ranking evaluated transportation infrastructure and reviewed 2021 cargo shipment data. At the top of this list is Memphis, TN, a spot it also held in last year’s ranking. The remaining top 5 were repeat performances, with New Orleans, LA; Louisville, KY; Los Angeles, CA; and Savannah, GA ranked respectively.
Growth in extraction jobs was led this year by the Las Vegas/Henderson/Paradise, NV MSA, followed by Dallas/Fort Worth/Arlington, TX; Orlando/Kissimmee/Sanford, FL; Nashville/Davidson/Murfreesboro/Franklin, TN; and Flagstaff, AZ, respectively.
¹ Each category in the Business Facilities Annual Rankings Report ranks 10 top places. The full report is published in the July/August 2022 issue of Business Facilities and will also appear on this website in August.
Business facilities is a national publication that has been the leading location source for business site selectors and economic development professionals for more than 50 years. Focused on site selection for growing industrial sectors, business facilities The first LiveXchange Emerging Industries event will take place on 16-18 November 2022 at Loews Sapphire Falls Resort in Universal Orlando. The 19th annual Business Facilities LiveXchange takes place 24-26 April at the Marina Inn at Grand Dunes in Myrtle Beach, SC.
