International: Southeast News

International Southeast News and information curated occasionally for international trade sourcing, training, assistance for global exporting and more

Share

 

Posted January 11, 2022

 

Over the five years ending in 2019, Georgia posted the eighth fastest growth rate among states in jobs attributable to foreign investment, as the total swelled by nearly a third to 287,400.

And foreign firms are filling positions at a faster clip than their locally based counterparts: Georgia’s rate of FDI-fueled jobs grew 32.3 percent between 2014-19, compared to 13.3 percent growth in general private-sector employment, according to the Global Business Alliance, a lobbying group of more than 200 of of the largest foreign employers operating in the United States.

More than a third of these Georgia workers (102,500) are employed in manufacturing, perhaps unsurprisingly given the emergence of a bona fide automotive corridor running through the Southeast, where foreign auto makers and their suppliers found fertile ground for massive investments. International companies supported nearly 70 percent of new manufacturing jobs in the United States.

Thanks to this fact, just about every Southern state outshines the national average when it comes to the proportion of workers owing their livelihoods to foreign-owned subsidiaries. In Georgia, the GBA calculate that 7.2 percent of all jobs come from some 1,244 international employers. The national average hovers around 6 percent.

In the Southeast U.S., only Tennessee saw FDI-fueled jobs grow faster than Georgia with an increase of 33.4 percent in the five-year period tracked, but other Georgia neighbors (competitors?) posted solid growth rates as well: Alabama (29.1 percent) South Carolina (26.3 percent) and North Carolina (20.9 percent).

 

 button Read the rest 33

 

 

Terms of Service Privacy Policy Site Map
Copyright @ 2021 Globalspeak, All Rights Reserved