Printable Version

• U.S. subsidiaries in New Mexico play a vital role in supporting jobs. They now employ 13,600 New Mexicans—an increase of 13.3% over five years.
• In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries remains significant. They provide the livelihood for 2.2% of New Mexico’s private-sector workforce.

• U.S. subsidiaries support 2,000 manufacturing jobs in New Mexico. 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 6% of manufacturing jobs in New Mexico 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.

In July 2007, Green Rubber Global, a U.S. subsidiary of the Malaysian Company Petra Group, announced plans to invest $30 million to open a first-of-its-kind recycling plant in Gallup. The company says the new plant will offer the first commercially viable, waste-free method to recycle tires. Upon the facility beginning operation, 140 new jobs will be created for Gallup and an additional 15 in Albequerque.