spacer

Click Here for Insourcing Stories Across America


Page iconPrintable Version

  • U.S. subsidiaries in Colorado play a vital role in supporting jobs. They now employ 72,200 Coloradoans.
  • Colorado has proven to be an attractive location for international employers, ranking 24th 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 remains significant. They provide the livelihood for nearly 4% of Colorado's private-sector workforce.

  • U.S. subsidiaries support 14,600 manufacturing jobs in Colorado. 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.
  • Almost 10% of manufacturing jobs in Colorado are supported by U.S. subsidiaries.
  • U.S. subsidiaries’ employment in Colorado is heavily concentrated in manufacturing. Over 20% of these jobs are in manufacturing industries.

  • U.S. subsidiaries consistently support millions of American jobs. They now employ 5.1 million Americans-or 4.4% of private sector employment.
  • U.S. subsidiaries support an annual payroll of $335.9 billion.
  • U.S. subsidiaries provide an average compensation per U.S. worker of $66,042; this is 32% higher than compensation at all U.S. companies.
  • U.S. subsidiaries also spent $121 billion on plant construction and new equipment.
  • U.S. subsidiaries' share of U.S. manufacturing employment represents almost 11% of American manufacturing jobs.


In 2006, Barclays, a U.S. subsidiary of British-based Barclays PLC, announced plans to open a Colorado Springs call center for its U.S. credit card operation, bringing 450 jobs to the city and investing an estimated $80 million into the local economy over 5 years. An additional 423 jobs are expected to be created at restaurants, stores and other businesses. Barclays President Jim Stewart said the company gave the nod to the Springs because of its highly educated work force. "We certainly looked at economics, as far as real estate, as far as what we'd have to pay people and so forth," Stewart said. "But the quality of the work force is first and foremost. You can save a nickel here and a dime there on some things, but if you don't have the best quality people in the long run, that's not the way to go."

AEGON USA
Alcatel-Lucent
APL
BAE Systems, Inc.
Barclays
BP
Bridgestone Americas
Daimler
Deutsche Telekom
GlaxoSmithKline
HSBC
ING
Lafarge North America Inc.
L'Oreal USA
Nestlé USA, Inc.
Novartis
Oldcastle Inc.
Pearson Inc.
Reed Elsevier
Reuters
Rio Tinto
Roche
sanofi-aventis U.S.
SAP
Shell Oil Company
Siemens
Sodexho
Syngenta
The Nielsen Company (US), Inc..
Tyco
Zurich North America