In this article, we will look at the 5 most trustworthy cities in the US. We have discussed the relevance of trustworthinesess with businesses in detail in another article. If you are interested in reading about that along with a more extensive list, head straight to the 20 Most Trustworthy Cities in the US.
5. Chicago, Illinois
Venture Capital Funding Score: 71.20
Chicago earns its reputation as a trusted city due to its robust transportation and logistics sector, ranking second-largest in the U.S. With seven consecutive years as the top U.S. city for foreign direct investment according to IBM PLI consulting, it maintains a thriving business environment. In 2021, 81.1% of businesses renewed licenses, surpassing pre-pandemic rates. It leads in venture capital, attracting $9.7 billion in growth capital, including $7 billion in venture capital, doubling from 2020. With over 21 unicorns and significant investments in planned projects and marginalized neighborhoods, Chicago proves its resilience and appeal to investors, solidifying its trustworthiness.
4. Los Angeles, California
Venture Capital Funding Score: 72.26
If Los Angeles County were an independent country, its economy would rank as the 19th largest globally. Housing over 244,000 businesses, it has the highest number of minority- and women-owned businesses in the United States. Serving as the country’s hub for international trade and manufacturing, Los Angeles County facilitates huge business interactions through its departments and a budget of $39.324 billion with lucrative opportunities for private sector involvement in contracts for goods and services.
3. Boston, Massachusetts
Venture Capital Funding Score: 78.4
The Greater Boston area is a hub of scientific research, renowned for its academic excellence and entrepreneurial spirit. Its economy ranks sixth in the US and twelfth worldwide, with a GDP of $363 billion. As Massachusetts’ capital, Boston is a global city with 94.64% of its businesses rated A or higher on the BBB trust scale, placing it fifth nationally. It uniquely represents the Northeast in the top 10 for business trustworthiness. It is also one of the top 10 most honest cities in the world.
2. San Francisco, California
Venture Capital Funding Score: 90.36
San Francisco boasts a diversified service economy, spanning professional services, tourism, finance, and burgeoning technology sectors. In 2019, the five-county San Francisco metropolitan area saw a 3.8% real GDP growth to $592 billion, while the broader 14-county San Jose – San Francisco – Oakland CSA recorded a staggering GDP of $1.086 trillion, ranking 3rd among CSAs and surpassing the economies of all but 16 countries. With 27% of workers in professional business services and a per capita personal income of $139,405, San Francisco County stood as the 7th highest-income county in the US as of 2019.
1. New York City, New York
Venture Capital Funding Score: 93.22
New York City, the global epicenter of business and commerce, has the world’s largest metropolitan economy, with a staggering gross metropolitan product of $2.16 trillion in 2022. It serves as a hub for various industries including finance, healthcare, technology, trade, tourism, media, and the arts. The Port of New York and New Jersey significantly contributes to its economic prowess, particularly after the Panama Canal expansion. The city hosts numerous Fortune 500 and multinational corporations and leads globally in attracting capital, business, and tourists. It is the most trustworthy city in the US.
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