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Insourcing Benefits: U.S. Manufacturing

Insourcing bolsters U.S. manufacturing. Foreign-owned manufacturers with more than 1,600 affiliates in the United States in 2012 employ millions of Americans in high-paying jobs. Since often supplier companies locate nearby to furnish manufacturers with materials, component parts, and various support services, foreign investment in manufacturing provides significant employment spillovers. Economists estimate for each manufacturing job two to five additional jobs are created elsewhere in the economy.  

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Insourcing Benefits: U.S. Research and Development

Foreign-owned firms continue to expand their research and development (R&D) activities in the United States. R&D carried out by U.S. affiliates of foreign enterprises supports thousands of highpaying American jobs, helps spur the discovery of new products and processes, and contributes to America’s economic growth. Over five years, insourced R&D spending neared $220 billion.  Read more HERE

Unleash Global Investment in America

Once fully implemented, the study shows that TTIP and TPP will increase the stock of Foreign Direct Investment (FDI) in the U.S. economy by an estimated $173 billion, with more than one-third of that investment occurring in the manufacturing sector.  It also finds that the employment contribution of insourcing companies will increase by more than 1.4 million U.S. workers.  Every state would experience positive job contributions, with most experiencing an increase of more than 10,000 new jobs from global investment.   Read more HERE