News

First-Ever Study Documents Chain Reaction Impact of Foreign Investment on the American Economy

First-Ever Study Documents Chain Reaction Impact of Foreign Investment on the American Economy

21 million U.S. Jobs

Washington, DC  – The Organization for International Investment (OFII) today, released a first-of -its kind report, “Chain Reaction, Global Investment Works for America,” detailing the outsized positive impact foreign investment has on the U.S. economy.**

The OFII report examines the comprehensive effects of foreign direct investment (FDI), including the direct, indirect and induced benefits of jobs created or supported as a result of a foreign company’s decision to set up shop in America.

According to the report, foreign companies in the United States are responsible for 21 million American jobs, or 12.2 percent of all jobs in this country. For every worker receiving an employee paycheck at a U.S. subsidiary of a global company, an additional three jobs are supported in the U.S. economy.

“Inbound global investment changes the face of American communities, providing good-paying jobs throughout a local economy. But over the past decade our ability to attract leading global companies has grown sluggish,” said Nancy McLernon, President & CEO of the Organization for International Investment. “Part of the solution to our country’s jobs crisis includes those companies that are based beyond our borders – and we must do everything possible to make the U.S. the most attractive location in the world for global businesses to locate their facilities and create jobs.”

The OFII report is based on an analysis by PwC US, the U.S. member firm of the worldwide PricewaterhouseCoopers network. PwC’s full analysis can be found here.

The Organization for International Investment is a Washington-based business association representing U.S. subsidiaries of global companies. For additional information see OFII’s web site at www.ofii.org.

Filter: