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• U.S. subsidiaries in New York play a vital role in supporting jobs. They now employ 378,000 New Yorkers.
• New York has proven to be an attractive location for international employers, ranking 2nd 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 5.2% of New York’s private-sector workforce.
• New York ranks 13th in the country in the share of its workforce supported by U.S. subsidiaries.

• U.S. subsidiaries support 50,600 manufacturing jobs in New York. 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 New York 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, Novelis Inc., a wholly owned U.S. subsidiary of an Indian company involved in aluminum rolling and aluminum can recycling, announced a $9 million investment for a new plant in Oswego. The plant will generate aluminum sheet products used by the automotive, appliance, beverage can, building and construction, commercial transportation and industrial markets. Completion of this project will create 700 new jobs making Oswego home of Novelis' largest wholly owned aluminum fabrication operation.