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Contact: Mark Arend, Editor in Chief, Site Selection
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Press Release

Atlanta, May 1, 2023: Site Selection magazine has released its annual rankings of Global Best to Invest locations, which will appear in the 69-year-old publication’s May 2023 issue. The rankings employ a robust index of business indicators including Site Selection’s own project data as well as data from UNCTAD, the World Economic Forum, Kearney, Startup Genome, the World Bank, OECD and Milken Institute to recognize the nations and metro areas with the most economic momentum and promise across several world regions.

The United States, United Kingdom, Canada, Germany and Ireland led the way on a global basis, with Ireland coming in No. 2 on a per capita basis. Among regional winners at the country level were UAE, Israel and Saudi Arabia in the Africa & Middle East Region; Australia, Singapore and China in the Asia Pacific Region; Lithuania, Hungary and Poland in the Eastern European and Central Asia Region; and Mexico, Brazil and Chile in the Latin America & Caribbean Region. Dubai, Barcelona and Frankfurt finished as the top three performing metros globally.

“The 14th annual Global Best to Invest rankings showcase the top countries and metro areas in terms of their outlook for corporate investment,” says Adam Bruns, Managing Editor of Site Selection. “This year’s edition is based on an updated index modified from past years in order to infuse the rankings with relevant sources of fresh data.”

In other rankings in the issue, North Carolina has won the Prosperity Cup, which is awarded to the most competitive state based on an index of 10 criteria, including project, capex and job creation data from Site Selection and data from the Tax Foundation, ACT and Beacon Hill Institute. North Carolina also won last year’s Prosperity Cup ranking. Texas was No. 2 in the Prosperity Cup rankings, followed by Tennessee. Rounding out the top 10 were Georgia, Indiana, Kentucky, Ohio, South Carolina, Michigan and Virginia.

The United States, Canada and Germany and Ireland led the way on a global basis, with the U.S., Canada and Ireland topping the charts on a per capita basis. Among regional winners at the country level were Ireland, the UK and Sweden in Western Europe; Israel, Saudi Arabia and South Africa in the Africa & Middle East Region; Australia, South Korea and Japan in the Asia Pacific Region; Hungary, Lithuania and Poland in the Eastern European and Central Asia Region; and Mexico, Costa Rica and Brazil in the Latin America & Caribbean Region. London, Dublin and Singapore finished as the top three performing metros globally.

“The 16th annual Global Best to Invest rankings showcase the top countries and metro areas in terms of their outlook for corporate investment,” says Adam Bruns, managing editor of Site Selection, “with our data on where projects are happening adding on-the-ground ballast to the other indicators.”

In other rankings in the issue, North Carolina has won the Prosperity Cup, which is awarded to the most competitive state based on an index of 10 criteria, including project, capex and job creation data from Site Selection and data from the Tax Foundation, ACT and the Legatum Institute. North Carolina also won last year’s Prosperity Cup ranking. Georgia was No. 2 in the Prosperity Cup rankings, followed by Ohio. Rounding out the top 10 were Indiana, Kentucky, Texas, South Carolina, Kansas, Tennessee and Michigan.

The Mac Conway Awards for Excellence in Economic Development, named in honor of Site Selection founding publisher H. McKinley “Mac” Conway, are awarded to the top 20 local and regional U.S. economic development groups based on an index of corporate job creation and facility-related capital investment data calculated both cumulatively and per capita. (See list below.)

Also featured in the May 2023 issue: Top Deals of the Year; the Iowa Intelligence Report; a special report on Costa Rica; insights into Asian corporate investment in the U.S.; an exclusive interview about tribal economic development; industry reports on health tech/life sciences and the North American automotive sector; an economic development resource guide; and spotlights on Latin America, Florida, Colorado, New England, Kentucky, Arizona, Utah, the Northeast and Ohio, among other coverage.

Charts of the May 2023 issue’s primary rankings can be found below. Full charts and data can be found in the stories posted at the magazine's award-winning website, www.siteselection.com.

Site Selection magazine, published by Conway Data Inc., delivers expansion planning information to a qualified circulation of 41,000 executives of fast-growing firms. Now entering its 70th year of publication, Site Selection is also available via Site Selection Online. Headquartered in Atlanta, Ga., Conway Data, publisher of Site Selection magazine and industry newsletters, in 2017 was recognized as Georgia International Small Business of the Year by the Atlanta Business Chronicle. Conway Data has been a trusted advisor to corporations, government economic development and investment promotion agencies around the world since 1954. Conway Data also manages the Industrial Asset Management Council.

(Note: All circulation information is publisher’s own data unless otherwise specified).

• Amarillo Economic Development Corporation
• Bowling Green Area Chamber of Commerce (KY)
• CenterState CEO (Greater Syracuse)
• Charleston Regional Development Alliance
• Clarksville-Montgomery County Economic Development Council (TN-KY)
• Economic Development Authority of Western Nevada (EDAWN)
• Greater Louisville Inc./Louisville Forward
• Greater Phoenix Economic Council
• Greater Richmond Partnership
• Indy Chamber/Indy Partnership
• Kansas City Area Development Council
• One Columbus
• Opportunity Austin
• Piedmont Triad Partnership
• REDI Cincinnati/BE NKY Growth Partnership
• Research Triangle Regional Partnership
• Savannah Economic Development Authority
• Sherman Economic Development Corp. (TX)
• Upstate SC Alliance/OneSpartanburg/Greenville Area Development Corp.
• World Business Chicago