Printable Version

• U.S. subsidiaries in Florida play a vital role in supporting jobs. They now employ 226,000 Floridians.
• Florida has proven to be an attractive location for international employers, ranking 6th 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 3.2% of Florida’s private-sector workforce.

• U.S. subsidiaries support 34,800 manufacturing jobs in Florida. 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 9% of manufacturing jobs in Florida are supported by U.S. subsidiaries.

• 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.

Bridgestone Firestone North American Tire, a U.S. subsidiary of a Japanese tire and rubber company, invested approximately $44 million in a one million square foot distribution and logistics center on the northern portion of Cecil Commerce Center. The project is expected to create about 250 new jobs, resulting in an expected annual payroll of approximately $9.5 million. The new facility is also expected to indirectly result in the creation of approximately 219 new jobs in the transportation and maritime sectors at JAXPORT with salaries of approximately $42,000 annually.