3rd Quarter 2013


Host to about 850 foreign firms, the state remains very attractive to international investors.



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Foreign Investment continued

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The size of announced investment is a bit volatile because of the (happy) possibility of sizable individual investments. The two 2009 billion-dollar-plus polycrystalline silicon investments skew comparisons with that year, while Nissan's Leaf lithium battery operation and JX-line expansion similarly inflate the 2012 numbers. But if we take into account these exceptional investments, we see a solid trend line since 2008, with the 2013 figures looking very healthy. New employment, on the other hand, has grown in a more regular fashion over the past six years. Announced jobs were up 13% from 2012. The new jobs amount to an increase of just over 4% of total employment in Tennessee's foreign-owned firms, substantially outpacing overall state employment growth.


value of foreign investments/expansions

new jobs from foreign investment

Host to about 850 foreign firms, the state remains very attractive to international investors. They have been important to Tennessee's recent growth and are an increasingly dynamic part of the state economy.

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