Investing in America
  Connecticut
    DECD International Office  red  Data Source  

JOB FACTS*

U.S. subsidiaries in Connecticut have consistently supported a significant number of jobs in the state. They now employ 113,000 Connecticut workers-an increase of almost 38% over five years.

In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries has also risen over time. They provide the livelihood for more than 7.7% of Connecticut's private-sector workforce, up from just under 6% five years earlier. The state ranks 3rd in the country in the share of its workforce supported by U.S. subsidiaries.


PROMINENT U.S. SUBSIDIARIES IN THE STATE

ABB, Inc.

Bayer Corporation

Boehringer Ingelheim

GKN Aerospace Services

Honda

Hoya Lens Corporation of America

Nestlé USA, Inc.

Quebecor World USA

Reed Elsevier

Sodexho Inc.

UBS Investment Bank

Unilever United States, Inc.

Zurich North America

MANUFACTURING JOB FACTS

U.S. subsidiaries support 34,200 manufacturing jobs in Connecticut, a 41% increase over five years. 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.

Overall, approximately 30.3% of jobs at U.S. subsidiaries in Connecticut are in manufacturing industries.


ONE COMPANY'S STORY

UBS Investment Bank, the U.S. subsidiary of Swiss financial services giant UBS AG, constructed the world's largest trading floor at its U.S. headquarters in Stamford. The trading facility, which was completed in 2002, can accommodate 1,400 traders and staff. The Stamford headquarters, with the completion of the new trading facility, employs 4,000 people.

*Beginning August 2004, the Commerce Department changed the focus of its reported data on jobs supported by foreign direct investment (FDI). From this point on, all FDI statistics will refer only to companies having a majority of foreign ownership. Prior to this change, the Commerce Department followed international standards of including companies that had 10% or more foreign ownership.