JOB FACTS*

U.S. subsidiaries in North Carolina have consistently supported a significant number of jobs in the state. They now employ 212,700 North Carolina workers-an increase of approximately 9% over five years.

In comparison to other states, North Carolina has proven to be an attractive location for international employers, ranking 9th 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 around 6.5% of North Carolina's private-sector workforce.

PROMINENT U.S. SUBSIDIARIES IN THE STATE

Akzo Nobel Inc.

BSH Home Appliances Corp.

Degussa Corporation

GKN Automotive

Freightliner

Honda

Infineon Technologies North America Corporation

Michelin North America, Inc.

Saint-Gobain Corporation

Sodexho Inc.

Tomkins Industries

Unilever United States, Inc.

VNA Holdings, Inc.

MANUFACTURING JOB FACTS

U.S. subsidiaries support 91,400 manufacturing jobs in North Carolina. 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 43% of jobs at U.S. subsidiaries in North Carolina are in manufacturing industries.

ONE COMPANY'S STORY

Infineon Technologies Norht America Corporation, a U.S. subsidiary of a German semiconductor manufacturer, purchased a facility in Cary employing 400 people in the fall of 2003. The average salary of these jobs is approximately $75,000 per year. The company will also invest $8 million in land, building, infrastructure and equipment by the end of 2004. This facility will house research and development, human resources, IT, logistics, finance and administrative functions. This will accompany a research and development plant in Resarch Triangle Park.