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FDI's Impact: 7.4 Million U.S. Jobs & $1 Trillion to the U.S. Economy
(November 15, 2019) 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.
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