Investing in America
  Virginia
    Economic Development Partnership  red  Data Source  

JOB FACTS*

U.S. subsidiaries in Virginia have consistently supported a significant number of jobs in the state. They now employ 146,400 Virginia workers-an increase of 25% over five years.

In comparison to other states, Virginia has proven to be an attractive location for international employers, ranking 13th 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 5% of Virginia's private-sector workforce.


PROMINENT U.S. SUBSIDIARIES IN THE STATE

ABB Inc.

Airbus North America

BASF Corporation

Boehringer Ingelheim Chemicals, Inc.

Celanese Acetate LLC

Infineon Technologies

Nestle USA, Inc.

Reed Elsevier Inc.

Sodexho Inc.

Tomkins Industries

Unilever United States, Inc.

Volvo Trucks North America

MANUFACTURING JOB FACTS

U.S. subsidiaries support 37,500 manufacturing jobs in Virginia. 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 25.6% of jobs at U.S. subsidiaries in Virginia are in manufacturing industries.


ONE COMPANY'S STORY

Boehringer Ingelheim Chemicals, Inc., a U.S. subsidiary of a German pharmaceutical firm, will create an additional 165 high-paying, high-tech jobs during the expansion of their U.S. headquarters in Petersburg. The completion of all phases of the expansion could reach $260 million in capital. The expansion will add another pharmaceutical ingredient manufacturing facility, allowing the company to continue developing ingredients necessary for the company's 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.