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The Bureau of Economic Analysis (BEA) just released the latest batch of foreign direct investment (FDI) data...and it's very good news. As of 2017, majority foreign-owned firms directly employed 7.4 million American workers, a 3 percent increase from 2016. That's almost 6 percent of total U.S. private sector employment.
These firms increased their contribution to the U.S. economy by 8.3 percent to $1 trillion, accounted for $258.6 billion in capital expenditures, $62.6 billion in R&D spending, and $382.7 billion of U.S. goods exports.
These numbers also underscore the importance of the SelectUSA Investment Summit, which has directly affected more than $32.5 billion in new investment projects supporting more than 38,000 U.S. jobs. Join in that success by applying to attend.
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