The term foreign direct investment does not communicate just how "at home" many global companies feel to American consumers and communities. The newest data from the Bureau of Economic Analysis show how FDI is helping to employ a growing number of Americans. (You can read more the full report HERE.) Some recommended reading from Investment Policy Central's blog:
Take a look around you. Whether you’re in transit, at work or at home, Foreign Direct Investment (FDI) is all around you. For millions of Americans, FDI also provides good-paying jobs.
The Bureau of Economic Analysis just released its latest FDI data, showing that foreign-headquartered firms invested $396 billion in 2016, breaking the previous record of $353 billion in 2015. A whopping 53 percent of that investment flowed into the U.S. manufacturing sector, supporting 2.4 million U.S. workers, or a fifth of all U.S. manufacturing jobs.
The rise in 2016 to a new level of FDIUS is remarkable, given that globally, foreign direct investment flows declined last year. According to preliminary data from the United Nations Conference on Trade and Development (UNCTAD), foreign investment worldwide dropped 13 percent, from $1.8 billion in 2015 to $1.5 billion in 2016.