International companies in the United States have led the way throughout the pandemic by taking extraordinary steps to safeguard their workers and customers. These American employers are also uniquely positioned to spur America’s economic recovery and jumpstart job growth. To learn more about how international companies are contributing to the U.S. economy and the communities in which they operate, visit GlobalBusiness.org/In-Your-State.
Across America, international companies are a cornerstone for strengthening local communities and revitalizing the U.S. economy. When an international company sets up shop, it’s a vote of confidence in U.S. workers. International companies provide 7.8 million high-quality jobs, increasing employment rates and average wages across the country. Five states in particular have excelled in attracting international investment for new jobs here in America. Here are the five states that top the list for fastest FDI job growth from 2013 to 2018:
Michigan comes in first with a 50 percent FDI employment growth rate. Job growth in Michigan is nearly double the national rate. International companies like Japan-based Hitachi have accelerated Michigan’s job growth. For instance, Hitachi subsidiary Waupaca Foundry invested $4.3 million in opening a new manufacturing center in Ironwood, creating 61 new jobs.
Ranking second, Tennessee’s FDI employment rate has increased 47 percent. For example, Volkswagen has helped increase Tennessee’s job growth with an $800 million investment to expand its manufacturing plant in Chattanooga. This expansion will create an additional 600 jobs.
Missouri ranks third for the fastest growing FDI employment rate in the country with a 44 percent increase in this five-year span. Anheuser-Busch, America’s largest brewer, is investing over $1 billion to expand U.S. manufacturing facilities over the next two years. Nearly half of this amount will be invested in the company’s 12 major breweries, including its flagship brewery in St. Louis, while $100 million is allocated to environmental sustainability projects. Anheuser-Busch employs over 19,000 U.S. workers across its 160 facilities.
Minnesota comes in fourth place with a 43 percent FDI employment growth rate. India-based Wipro recently opened a new office in Minneapolis and hired 100 new employees to work at its new technology hub.
Oregon ranks fifth, with a 40 percent growth rate in FDI employment. Sacramento train manufacturer Siemens Mobility has an $80 million contract with TriMet, the public transit agency for the Portland region, to renovate light rail trains. Many of these cars are being refurbished in the new Siemens Mobility Rail Services plant in Clackamas, which employs 15 workers.