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• U.S. subsidiaries in Virginia play a vital role in supporting jobs. They now employ 138,800 Virginians.
• Virginia has proven to be an attractive location for international employers, ranking 14th 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 4.5% of Virginia’s private-sector workforce.
• Virginia ranks 20th in the country in the share of its workforce supported by U.S. subsidiaries.

• U.S. subsidiaries support 38,000 manufacturing jobs in Virginia. 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 13% of manufacturing jobs in Virginia are supported by U.S. subsidiaries.
• U.S. subsidiaries’ employment in Virginia is heavily concentrated in manufacturing. Nearly 30% 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.

ABB Inc., a U.S. subsidiary of Switzerland-based ABB Ltd., is expanding its electric power transformer manufacturing facility in South Boston, Virginia to meet increasing demand for equipment and technologies to update the country’s power grids. ABB is working with the Halifax County Industrial Development Authority and the State of Virginia for the $16 million expansion that will create some 130 highly skilled jobs in the South Boston community. Completion is scheduled in 2008. Transformers manufactured at this facility will be used by utilities throughout the U.S. and elsewhere to help provide a reliable power supply to other industries to help increase their productivity and energy efficiency.