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• U.S. subsidiaries in New York play a vital role in supporting jobs. They now employ 389,300 New Yorkers.
• New York has proven to be an attractive location for international employers, ranking 2nd in the United States in the number of employees supported by U.S. subsidiaries.
• In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries remains significant. They provide the livelihood for more than 5% of New York’s private-sector workforce.

• U.S. subsidiaries support 53,500 manufacturing jobs in New York. Manufacturing companies tend to have a strong “multiplier” effect on the economy—stimulating a substantial amount of activity and jobs in other sectors through their demand for inputs from other suppliers.
• Over 9% of manufacturing jobs in New York are supported by U.S. subsidiaries.

• U.S. subsidiaries consistently support millions of American jobs. They now employ 5.3 million Americans-or 4.5% of private sector employment.
• U.S. subsidiaries support an annual payroll of $364.2 billion.
• U.S. subsidiaries provide an average compensation per U.S. worker of $68,317; this is 32% higher than compensation at all U.S. companies.
• U.S. subsidiaries also spent $160 billion on plant construction and new equipment.
• U.S. subsidiaries' share of U.S. manufacturing employment represents almost 11% of American manufacturing jobs.

In April of 2008, Nova Bus, a wholly owned U.S. subsidiary of the Swedish company Volvo AB involved in the production of automobiles and trucks, announced plans to build a $25 million facility in Plattsburgh. Production at the plant will begin in March of 2009 and the first bus will be delivered in December of the same year. The plant will initially create between 150 and 175 new jobs and may expand to as many as 435 positions in the near future.