How International Businesses Fuel U.S. Innovation and Ingenuity

Fueling American Innovation

Fueling American Innovation.

When an international company chooses to build operations in the United States, they bring with them a promise to reinvest their U.S. profits back into the American economy. Many of these companies reinvest their U.S. profits through research and development (R&D) activities that support high-paying jobs, spur the discovery of new products and processes, and contribute to U.S. economic growth.

Our Impact.

$ 1 B

R&D Spending

International employers spend more than $71 billion on U.S. R&D activities, representing 13 percent of all R&D performed by U.S. companies.

1 K

R&D Jobs

International companies support approximately 245,300 American R&D jobs.

Insight.

The New Macro Supercycle: 10 Themes Driving the Global Economy, Policy and Markets in 2023 with Tom Joyce of MUFG

The Global Business Alliance and Institute for International Bankers held an exclusive economic briefing with Tom Joyce, Managing Director at

Top Five States with the Highest Concentration of FDI Jobs

Nationally, international companies employ 6.4 percent of America’s overall private sector. However, five states far exceed this national average by welcoming international companies into their local economy.

Ten States Leading America’s FDI Manufacturing Workforce

In the past five years, international companies created nearly 400,000 manufacturing jobs while the U.S. overall sadly lost 223,000. Global connections are key to America’s competitiveness in this sector, helping to diversify America’s economy and make it more resilient to downturns. Nationwide, 35.9 percent of FDI-supported jobs are in the manufacturing sector, with 25 states exceeding this average.

Foreign Direct Investment.

When you think about it, foreign direct investment is really not “foreign” at all.