Indiana Ranks 14th in Nation For Most Insourcing Jobs

InsideIndianaBusiness.com Report

12/14/2005 1:20:56 PM

Indiana ranks 14th in the nation in the total number of insourcing jobs, or jobs created by foreign companies in the United States, according to the latest U.S. Department of Commerce statistics.

The Organization for International Investment says more than 134,000 Hoosiers work in Indiana for a company that is headquartered abroad. The statistics show that 60 percent of those jobs are in manufacturing.

Source: Inside INdiana Business, Network Indiana

Press Release

Washington, DC - December 14, 2005 - With 134,200 Indianans working for U.S. subsidiaries of companies headquartered abroad, Indiana ranks 14th in the nation in terms of the total number of insourcing jobs. The Organization for International Investment (OFII) today released new Commerce Department statistics, which show that insourcing jobs continue to be an integral part of the U.S. economy.

At the very highest levels of government, jobs supported by the U.S. operations of companies based abroad are being recognized. In a recent speech, President Bush specifically touted how insourcing jobs in America provide "good, steady work." With insourcing-supported employment accounting for approximately 1 of every 20 jobs, workers in Indiana can attest to the importance of these jobs.

"The quality of the Indiana workforce continues to attract insourcing companies. We believe that a quality workforce is the key factor in attracting international investment to the state," said Todd Malan, President and CEO of the Organization for International Investment, a Washington, DC-based business group representing U.S. subsidiaries of companies based abroad. "U.S. subsidiaries insource jobs to every state in the country, supporting a total of almost 5.3 million American jobs and a $318 billion annual payroll."

Indiana Insourcing Job Facts

* Indiana ranks 14th in the nation in terms of the number of workers employed by U.S. subsidiaries, with a total of 134,200 jobs;

* 5.3 percent of all private sector workers in Indiana are employed by U.S. subsidiaries;

* 61 percent of the insourcing jobs in Indiana are in the manufacturing sector, for a total of 81,900 employees; and,

* Insourcing companies in Indiana include: Bayer Corporation, DaimlerChrysler, GKN, ICI, Ispat Inland Steel Company, Michelin North America, Inc., Roche Consulting, Rolls Royce Corporation, Saint-Gobain Corporation, Sodexho Inc., Subaru of Indiana Automotive, Inc., Thomson Consumer Electronics, Tomkins Industries, Toyota Motor North America, Unilever United States, and Zurich North America.

For all state specific information on "insourcing" and the overall economic impact of U.S. subsidiaries of foreign companies, go to www.ofii.org.

Source: Organization for International Investment