April 2018


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2017 FDI [ Graphs ]



Once again, the automotive industry dominated foreign investment activity.


2017 Foreign Investment into Tennessee

Foreign investment in 2017 exceeded that of one year earlier.
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Tennessee again received sizable foreign investment in 2017. Nineteen foreign-owned firms located to Tennessee or expanded their existing operations in the state. Together, they announced new investment valued at just over $2 billion, adding 3,386 new jobs to the state economy. That investment came from 11 different countries.

Whether measured by investment dollars or employment, 2017 foreign investment exceeded that of one year earlier. Thanks primarily to a $1 billion investment by Denso in Maryville, the amount of investment that came into the state was the highest since 2009. Philips's (Netherlands) creation of 800 jobs in Nashville was the largest investment in terms of employment. Seven of the 2017 investments were new operations, while 12 were expansions of existing facilities. The accompanying map indicates the location and size of the year's foreign investment. Once again, the automotive industry dominated foreign investment activity. Ten of the 19 new investments or expansions were in the auto sector. They accounted for 81 percent of the total dollar investment and 35 percent of the new jobs.