San Francisco ranks fifth worldwide, up one place since 2012, among the 30 global cities studied by PwC US in the sixth edition of itsCities of Opportunity report, released today. Rated second among American cities, San Francisco received high marks in intellectual capital, innovation, demographics, liveability and sustainability.
According to the latest study, San Francisco advanced one spot in the intellectual capital and innovation indicator to take third place. Its strong reputation for innovation and entrepreneurship is reflected in its number one ranking in entrepreneurial environment, overtaking Stockholm in that spot, and its second place finish in the 2thinknow Innovation Cities™ index. The city also received high marks in demographics and liveability, ranking the third most desirable place to live — well ahead of other leading U.S. cities in the study including New York, Chicago and Los Angeles. In regards to sustainability, San Francisco excelled in variables including recycled waste, air pollution and public park spaces, ranking just below global environmentally-friendly frontrunners such as Stockholm, Sydney, Berlin and Paris.
The city also improved significantly this year in both cost and economic clout, finishing sixth in cost, an increase of seven places, and seventh in economic clout, a shift up of nine places from 2012. Ranked highly in variables including productivity, purchasing power and financial and business services employment, these marks confirm San Francisco both as a current global economic player and a market for continued financial growth and opportunities.
“San Francisco holds a dominant position as a global capital for business and culture as the city continues to make substantial gains in intellectual capital, innovation, demographics, liveability and sustainability,” said Jim Henry, Managing Partner of PwC’s San Francisco market. “San Francisco’s high ranking for sustainability correlates to our firm’s local green initiatives, and its impressive rating in intellectual capital and innovation is no surprise with the explosive growth in funding for emerging companies and the growing influence of technology across all business sectors. We’re also pleased that the Bay Area’s ratings for safety and the health of our community were the highest among US cities. We believe San Francisco is an exciting and desirable place for young professionals and we look forward to working with local businesses and community members to continue to find ways to attract people and businesses to the high quality of life here in the greater Bay Area.”
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