When companies based abroad invest in the United States and create jobs for Americans.
State Insourcing Jobs:
Private Sector Workforce Employed by FDI:
U.S. subsidiaries in New York play a vital role in supporting jobs. They now employ 474,000 New Yorkers.
New York has proven to be an attractive location for international employers, ranking 3rd in the United States in the number of employees supported by U.S. subsidiaries.
In fact, the relative portion of jobs in New York supplied by U.S. subsidiaries remains significant. They provide the livelihood for more than 6% of New York's private-sector workforce.
U.S. subsidiaries support 69,900 manufacturing workers in New York.