JOB FACTS

U.S. subsidiaries in New York have consistently supported a significant number of jobs in the state. They now employ 394,700 New York workers-an increase of more than 33% over five years.

In comparison to other states, 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 has remained strong over time. They provide the livelihood for nearly 5.5% of New York's private-sector workforce.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

AEGON USA, Inc.

New Venture Gear

Novartis Corporation

Orion Bus

Reed Elsevier

Reuters America, Inc.

Saint-Gobain Corporation

Sodexho Inc.

Swiss Re America

Thomson Financial

Tokyo Electron Limited

Zurich North America

MANUFACTURING JOB FACTS

U.S. subsidiaries support 72,700 manufacturing jobs in New York, an increase of 7% 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 18.4% of jobs at U.S. subsidiaries in New York are in manufacturing industries.

ONE COMPANY'S STORY

Tokyo Electron Limited, a U.S. subsidiary of a Japanese manufacturer of semiconductors, will create 300 high-tech jobs when it locates a new Research and Development Center in Albany. The firm announced that the first of the two buildings will be completed in late 2003. The company will participate in research in conjunction with SUNY Albany and other high-tech companies in the area. Overall, Tokyo Electron Limited is planning to invest $200 million in the new R&D facility.