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DECD
International Affairs Office Data
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JOB FACTS*
- U.S. subsidiaries in Tennessee have consistently
supported a significant number of jobs in the state. They
now employ 131,000 Tennessee workers.
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 5.6%
of Tennessee's private-sector workforce.
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PROMINENT U.S. SUBSIDIARIES IN THE STATE
- ABB, Inc.
AFG Industries, Inc.
Alstom Power, Inc.
BASF Corporation
Bridgestone/Firestone, Inc.
DENSO Manufacturing Tennessee, Inc.
Eagle Bend Manufacturing, Inc.
ICI America, Inc.
Nissan North America, Inc.
Quanta Computer, Inc.
Quebecor World
Siemens AG
Sodexho Inc.
Toshiba Corporation
Unilever United States, Inc.
VNA Holdings, Inc.
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MANUFACTURING JOB FACTS
- U.S. subsidiaries support 67,700 manufacturing
jobs in Tennessee. 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 51.7% of jobs at U.S. subsidiaries in Tennessee are in manufacturing industries.
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ONE COMPANY'S STORY
Quanta Computer, Inc., a U.S. subsidiary
of a Taiwan-based computer manufacturer, will create 500
jobs by the end of 2003 in Nashville. The company will invest
$7 million to locate the company's U.S. manufacturing and
distribution headquarters in Tennessee. The facility will
manufacture, test and distribute file servers. Quanta is
the world's largest producer of notebook computers, boasting
24 percent of the world market. The company also produces
servers, LCD panels, LCD TVs and monitors, optical storage
devices and network products.
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*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.
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