Investing in America
  Tennessee
    DECD International Affairs Office  red  Data Source  

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.


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.

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.


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.

*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.