4th Quarter 2011

Open Flash version | pdf | trade report

 

Biggest FDI Employment Gain:
1995-2010

Shelby
5,387
Hamilton
3,964
Anderson
2,262
Robertson 1,570
Sullivan 1,352
Tipton
1,318
Williamson 1,214
Hardeman 1,200
Sumner 1,153
Blount 1,100

 

Top Counties by Employment in Foreign-Owned Firms: 2010

Shelby
15,462
Rutherford
10,876
Davidson
7,615
Hamilton 6,714
Robertson 3,362
Hamblen
3,352
Anderson 2,971
Williamson 2,640
Sumner 2,589
Knox 2,567
Sullivan 2,509

Foreign Investment

continued | 1 | 2 | 3

Another way to look at the impact of foreign investment across the state is to compare county figures to national averages. Below are maps comparing each Tennessee county's foreign-owned firm employment to the national average. Again, county figures are weighted by the size of county employment.

We see first and foremost that most of the state is more reliant upon foreign investment than is America as a whole. This reliance has grown, relatively, over the past 15 years. Then we see that it is middle Tennessee that is most reliant within the state. This concentration has accelerated, though most of the state's major metro areas continue to feature large foreign-owned sectors.

Foreign investment has grown rapidly in this state, more rapidly than for the nation, but it is not evenly spread. This is not, however, exactly a rural/urban divide. The most rural parts of the state are indeed largely ignored by foreign investors, but the industry structure of a county seems more important than its population density in the ability to attract such investment.

Counties that are enmeshed in the state's automotive, chemical, and electronics sectors receive a disproportionate amount of it. Basically, county globalization is mirroring industry globalization. Those industries that are the most globalized produce the most foreign investment, and that investment goes to the localities in which the globalized industry is already active. For Tennessee, this serves to exacerbate existing differences in county wealth. This may be the most difficult issue for the state as the amount of foreign investment activity increases in coming years.

[continued: TN international trade report »]

 

County Foreign Direct Investment Employment Compared to U.S. Average

1995

percent of foreign-born population 2005-2009

2010

percent of foreign-born population 2005-2009

[continued: TN international trade report »]