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IN Baton Rouge, LA
WHAT IS FDI?
1991
2011
These profiles analyze how the characteristics of foreign-owned establishments (FOEs) and the jobs within them vary across U.S. states and metro areas.
SHARE OF JOBS IN FOEs
US
1%
BATON ROUGE
0% 1991
By jobs in FOEs & establishments in 2011
2001
TOP FIVE INDUSTRIES
By jobs in FOEs (pct of total FOE jobs) in 2011
12
PRECISION INSTRUMENTS 2,100 (18.3%)
83
PESTICIDES & FERTILIZERS 1,900 (16.3%)
BASIC CHEMICALS 1,600 (13.7%)
MANUFACTURING PROFESSIONAL & TECH BUSINESS SUPPORT
WHOLESALE RETAIL REST
1,700
FDI also facilitates the spread of new knowledge, technologies, and ideas--flows critical to innovation and competitiveness in the global economy. But the magnitude and nature of FDI differ from place to place.
2%
600
Corporate R&D Goods Exports
RANK: 15
600
20.3%
Capital Investment
ESTABLISHMENTS
18.9%
Productivity Growth
JOBS IN FOEs
15.2%
4%
DISTRIBUTION OF ESTABLISHMENTS & JOBS ACROSS SECTORS
INDUSTRY
12.0%
5%
3%
700
Compensation
RANK: 54
900
6.7%
6%
72
Value Added
Share has declined and falls below the U.S.
7%
RANK: 73
13
6.3%
3.9% 5.9%
53
Employment
RANK: 75
7,000
5.0%
SHARE OF TOTAL PRIVATE EMPLOYMENT IN FOEs
SHARE OF TOTAL PRIVATE EMPLOYMENT IN FOEs
2011
FDI matters because the U.S. operations of foreign firms contribute inordinately to the economy. While acounting for only 5 percent of private sector employment, FDI accounts for:
11,430 12,450
1991
WHY DOES FDI MATTER?
A JOINT PROJECT OF BROOKINGS AND JPMORGAN CHASE
JOBS IN FOREIGN-OWNED ESTABLISHMENTS (FOEs)
OVERALL TREND
FDI occurs when a foreign company invests in a U.S. business enterprise either by opening a new operation or through a merger or acquisition. The foreign company must hold a majority stake in the U.S. operation for it to be considered "foreignowned."
40
FDI
INVESTIGATION & SECURITY 400 (3.3%)
COMPUTER SYSTEMS DESIGN 400 (3.1%)
NUMBER OF JOBS IN FOEs OPENING
2011
SHARE OF JOBS IN FOEs BY MODE OF ENTRY
NUMBER OF JOBS IN FOEs OPENING AFTER OR ACQUIRED SINCE 1991
FOEs that opened after 1991 accounted for the largest share of jobs in 2011
7
OPENINGS M&A
6
22%
37%
5
US
41% 32%
42%
THOUSANDS
MODE OF ENTRY
BATON ROUGE
By 2011 openings accounted for 4,700 jobs in FOEs while M&A accounted for 2,600
4
NOTES
3
2
26% M&A SINCE 1991
OPENINGS SINCE 1991
1 PRE-1991
1991
TOP FIVE SOURCE CITY-REGIONS
By jobs in FOEs (pct of total FOE jobs) in 2011
GLOBAL SOURCE
LONDON, ENGLAND 2,500 (22%)
TERMINOLOGY FDI: Foreign-direct investment Foreign-Owned Establishments (FOEs): Single places of business belonging to a foreign-parent company; e.g. a factory, warehouse, store, or office Openings: New physical place of business, includes new construction (greenfield) and new occupancy of existing space M&As: Mergers and acquisitions City-Region: Subnational administrative division such as a state, province, or prefecture, titled by its largest metro
2001
TOP FIVE SOURCE COUNTRIES
By jobs in FOEs (pct of total FOE jobs) in 2011 ENGLAND 3,000 (26.5%)
2011
● Metro profiles rank the largest 100 metropolitan areas by population ● State profiles rank across all states plus the District of Columbia ● All changes in reported jobs in foreignowned establishments include both net jobs created or lost plus transfers of existing jobs from US to foreign-ownership through M&As, thus it is possible for the number of jobs under foreign-ownership to increase without net job creation taking place ● The mode of entry of all establishments that arrived prior to 1991 is unknown, which is the first year in the database ● Methodological details of this database are described in an accompanying appendix available on the report website ● Data source: Brookings analysis of the National Establishment Time Series, Bureau of Economic Analysis Financial & Operating statistics, Dun & Bradstreet, and Moody's Analytics data
BASEL, SWITZERLAND 1,100 (10%)
SWITZERLAND 1,600 (14.4%)
KOBLENZ, GERMANY 800 (7%)
CANADA 1,500 (13.4%)
SASKATOON, CANADA 700 (6.4%)
GERMANY 1,300 (11.1%)
MORE INFORMATION REPORT: “FDI in U.S. Metro Areas: The Geography of Jobs in Foreign-Owned Establishments”
TOKYO, JAPAN 500 (4.7%)
JAPAN 500 (4.8%)
WEB: BROOKINGS.EDU/METROFDI TWITTER: #METROFDI
