A recent study conducted by the International Trade Administration showed that South Carolina is a major player in the field of foreign investment and job creation related to it.
According to the study, foreign investment has helped to create 12 million jobs throughout the United States — and more than half of those jobs were positions at companies owned by foreign parent companies. There are 2.4 million Americans working in the supply and distribution chains of these foreign-owned companies and 3.5 million in positions related to productivity growth in manufacturing linked to foreign direct investment, the study showed.
"The economic impact of this foreign investment goes beyond the direct jobs,” the study said. “International companies help drive American innovation, connect American communities with the world, and bring new techniques to improve productivity.”
Included in the study were data from Michelin, a French tire company with headquarters in South Carolina, and automotive company Honda, a Japan-based company that manufactures all-terrain vehicles in the South Carolina.
In the study's state-by-state ranking for jobs created by foreign investment, the Palmetto State came in at No. 14 with 148,000 jobs tied to manufactured goods exports.