WASHINGTON - Today, Nancy McLernon, president and CEO of the Organization for International Investment, issued the following statement in releasing new state-by-state foreign direct investment (FDI) analysis, based on data compiled by the Bureau of Economic Analysis (BEA):
“These factsheets detail the significant impact that international companies have made on state economies around the country. When globally-headquartered companies make a deliberate decision to establish and expand operations in the United States – it’s a vote of confidence in America’s workforce and a good measure of our economic competitiveness. Today, 7.4 million U.S. workers are employed by international companies, earning an average of $84,000 in wages and benefits annually – 26 percent more than the private-sector average. Of particular note, international companies are driving jobs in the U.S. manufacturing sector, having created 61 percent of all new U.S. manufacturing jobs over the past five years.”
Key findings from this year's analysis:
The above figures are based on OFII’s analysis of BEA’s Survey of Current Business, Activities of U.S. Affiliates of Foreign Multinational Enterprises in 2017, released November 2019.
Representing the U.S. operations of many of the world's leading international companies, OFII ensures that policymakers at the federal, state and local level understand the critical role that foreign direct investment (FDI) plays in America’s economy. OFII advocates for fair, non-discriminatory treatment of foreign-based companies and promotes policies that will encourage them to establish U.S. operations, which in turn increases American employment and U.S. economic growth. For more information, please visit www.OFII.org.