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• U.S. subsidiaries in Vermont play a vital role in supporting jobs. They now employ 9,800 Vermonters.
• In fact, the relative portion of jobs in the state supplied by U.S. subsidiaries remains significant. They provide the livelihood for almost 4% of Vermont’s private-sector workforce.

• U.S. subsidiaries support 2,400 manufacturing jobs in Vermont. 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.
• Nearly 7%percent of manufacturing jobs in Vermont are supported by U.S. subsidiaries.
• U.S. subsidiaries' employment in Vermont is heavily concentrated in manufacturing. Almost 25% of these jobs are in manufacturing industries.

• U.S. subsidiaries consistently support millions of American jobs. They now employ 5.3 million Americans-or 4.5% of private sector employment.
• U.S. subsidiaries support an annual payroll of $364.2billion.
• U.S. subsidiaries provide an average compensation per U.S. worker of $68,317; this is 32% higher than compensation at all U.S. companies.
• U.S. subsidiaries also spent $160 billion on plant construction and new equipment.
• U.S. subsidiaries' share of U.S. manufacturing employment represents almost 11% of American manufacturing jobs.

Iris Corporation, a U.S. subsidiary of a Malaysian electronic identification card and passport producer, signed a deal with IBM to set up a manufacturing plant in IBM's facility in Burlington, Vermont. The deal calls for Iris to invest $8 million in the plant, which will initially produce smart-card handheld readers. Iris and IBM have also engaged in a joint marketing agreement, by which they will pursue strategic collaboration in developing business opportunities in trusted identity sector on a worldwide basis. This would involve the production of electronic passport inlays, chip cards and associated peripherals.