The economic impact of U.S. subsidiaries of global companies investing in the American economy
Employ 5.8 million Americans, or 5 percent of private sector employment.
See Insourcing Jobs by State
Support an annual payroll of $456 billion, paying U.S. workers an average of $$78,927 - more than 33 percent higher than the economy-wide average.
Add $774 billion in value added to the U.S. economy, or 5.5 percent of private sector GDP.
Provide nearly 2.2 million manufacturing jobs, accounting for over 18 percent of America's manufacturing workforce.
Pay an average salary of $85,807 to employees in the manufacturing sector, higher than the nation-wide manufacturing average of $76,863.
Produce over 21 percent of U.S. exports, providing $334 billion in American goods annually to customers around the world.
Pay 16 percent of U.S. federal corporate income taxes.
Research & Development
Spend $48 billion annually on U.S. research and development activities, or over 15 percent of all R&D performed by U.S. companies.
Reinvested a record high of $100 billion of their earnings into their U.S. operations.
Invest an annual $201 billion on new property, plant construction and equipment, accounting for 10 percent of all non-residential capital investment made in the United States.
Purchase goods and services worth hundreds of billions of dollars every year from local suppliers and small businesses across the United States.
Employ a higher percentage of union workers than the national average. 12.4 percent of employees at U.S. subsidiaries are covered by a union collective bargaining agreement, compared to 8.2 percent at all U.S. businesses.
Source: BEA November 2009
Employ approximately 41 percent of the U.S. motor vehicle and parts industry, 41 percent of the U.S. chemicals industry, and 33 percent of the U.S. nonmetallic mineral products industry.
All statistics unless otherwise noted are the latest data from the Department of Commerce's Bureau of Economic Analysis released November 2014 regarding the U.S. subsidiaries of internationally-headquartered companies. They are compiled by Content First, LLC for the Organization for International Investment.