Calgary ranks first in economic prosperity among 22 world cities, according to a Conference Board of Canada report commission by Calgary Economic Development.
The city ranked highest, with Dallas, Edmonton, Madrid and Houston close behind in the report titled: A Global Scorecard on Prosperity. It was delivered Wednesday in Calgary.
The report says low tax rates, high incomes and employment growth drive the city’s success.
“Calgary Economic Development is very pleased with the results of this recent survey,” said CED president Bruce Graham.
“The high quality of life available in Calgary is vital to maintaining our status as a global city of business. There has never been a more important time in our history to focus on collaboration between government, industry and citizens.
“Calgary’s impressive standing in this report is a direct result of our continued, collective investment in our community and its businesses.”
Low productivity and low teacher-student ratios are areas where the city could improve, according to the report.