U.S. subsidiaries of global companies have long been an important part of American manufacturing. In fact, these companies employ 20 percent of the total U.S. manufacturing sector, accounting for about 2.4 million workers.
On average, a manufacturing worker at a U.S. subsidiary takes home an annual salary of $87,231 compared to the national manufacturing average of $79,641. Not only are these jobs well-paying, they have a positive ripple effect throughout the U.S. economy. An economic study by OFII in 2016 found that each manufacturing job at a U.S. subsidiary supports four additional jobs in the broader economy.
In total $1.2 trillion, or 40 percent, of FDI in the United States has flowed into the manufacturing sector, more than any other business sector. Total impacts of direct FDI manufacturing jobs represents 7.9 percent of total GDP in the United States.
OFII works to create a business environment that allows for U.S. subsidiaries to grow and thrive in the U.S. manufacturing sector.
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