BREAKING NEWS

Tel Aviv runner-up in innovative urban center competition

By GLOBES

MARCH 4, 2013 17:35

Tel Aviv is the runner-up in the 2013 City of the Year competition, organized by The Wall Street Journal and Citi. Tel Aviv lost out to Medellin, but beat New York City.

The City of the Year competition is a global advertising program developed in partnership with The Urban Land Institute to recognize the most innovative urban centers. Cities were selected based on eight criteria: environment & land use, culture & livability, economic / investment climate, progress & potential, places of power, education & human capital, technology & research, and mobility & infrastructure. The rankings were based on more than 980,000 online votes cast during the program.

Tel Aviv Mayor Ron Huldai said that since the city was founded, it has been a leader in innovative and breakthrough thinking, and that, in recent years, it has consolidated its position as one of the world's centers of innovation and entrepreneurship. "We already see the flourishing economic results and investment inflow," he said.

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