While many are alarmed at the growing possibility Donald Trump could become President of the United States, one Melbourne councillor has identified a business opportunity.

Melbourne: A refuge for fleeing Americans?

Crikey founder Cr Stephen Mayne says Melbourne should roll out the red carpet to Americans – and in particular their top companies – urging them to move Down Under in the event Trump wins the keys to the White House.

Cr Mayne says Melbourne is a far more pleasant place to live than any American city – and it comes with the benefit of great coffee and an Asian timezone.