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• U.S. subsidiaries in New Jersey play a vital role in supporting jobs. They now employ 214,000 workers in New Jersey.
• New Jersey has proven to be an attractive location for international employers, ranking 7th 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 6.2% of New Jersey’s private-sector workforce.
• New Jersey ranks 4th in the country in the share of its workforce supported by U.S. subsidiaries.

• U.S. subsidiaries support 48,400 manufacturing jobs in New Jersey. 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 15% of manufacturing jobs in New Jersey are supported by U.S. subsidiaries.
• U.S. subsidiaries’ employment in New Jersey is heavily concentrated in manufacturing. Nearly 25% 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 March 2007, BNP Paribas, a U.S. subsidiary of one of Europe's largest banks headquartered in France, announced plans to relocate from its midtown NY location to Jersey City. The office will become the North American Support Functions Headquarters of BNP Paribas' Corporate and Investment Banking business. The Bank forecasts that staff levels in the New York/Jersey City area to be increasing from 2,400 to 3,000 by 2012. BNP Paribas is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has approximately 14,000 employees in the United States.