7,808,100
Supporting U.S. Jobs
Number of U.S. workers employed by U.S. affiliates of majority foreign-owned firms in 2018.
$67 billion
Investing in Innovative R&D
Value of research and development (R&D) spending by U.S. affiliates of majority foreign-owned firms in 2018.
$395 billion
Expanding U.S. Exports
Total contribution to U.S. goods exports by majority foreign-owned firms operating in the United States in 2018.
While foreign enterprises interested in investing in the U.S. benefit from the breadth of regions, states and cities available to them, the corresponding task of determining the optimal U.S. location in which to invest can be daunting. Today, there is no single source foreign enterprises seeking workforce data for different U.S. locations can visit. As a result, foreign enterprises may be forced to undertake the burdensome and expensive process of searching for workforce data one region, state and city at a time.
In this competitive foreign direct investment environment, the U.S. can differentiate itself and demonstrate the high value it places on foreign direct investment by ensuring that data critical to foreign investment decisions is collected and made available in a manner that can be easily evaluated. The following are workforce data points we have identified as key to enterprises researching foreign direct investment opportunities:
- Salary/wages and benefits by community
- Labor availability by job classification, employment, and residence location
- Total size of the workforce by job classification and community
- Workforce demographics (population by educational level attained, age, workforce growth trends etc.)
- Number of college graduates by degree per year by state and local community
- Trade Certifications (by type and percent of workforce holding certifications)
- Community educational system (K-12, colleges and graduate schools, technical schools, and apprentice and co-op programs)
- Community workforce training support programs
- Regional/Local workforce productivity trends
- Cost of living by community
- Federal, regional, local, and other workforce hiring incentives
- Key employers by community
- International Benchmark comparisons of key labor statistics
- Federal/Regional/Local Labor Laws
We recommend the collection of standardized data including the above-mentioned data points and display of that data in a manner that enables potential investors to easily analyze and compare. In addition to a standard web-based portal, we recommend developing an application to make the data accessible on mobile iOS and Android devices. Supplement the portal with searchable data from state, regional, and local sources that agree to provide standardized workforce demographic data and display it in a standardized format.
Currently, each region, state, and local municipality determines the data to collect and the method to use for depicting and describing that data, resulting in inconsistent data sets and, in some cases, lack of data. Without access to readily comparable information at the local community level necessary to make educated investment decisions, potential investors may delay their investment decisions or turn to other destinations where they can invest without facing as many unknown or confusing factors.
Develop a promotional campaign for the cloud-based portal that highlights the relevance and accessibility of its content."
