Jun
24

Upstate SC a Leader for Foreign Direct Investment

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Today, the Brookings Institution released a first-ever metro-level analysis of foreign direct investment’s role in the Upstate’s regional economy as part of its Global Cities Initiative, a joint project of the Brookings Institution and JPMorgan Chase. The report analyzes the types of foreign-owned businesses located in the area, outlines the region’s sources of foreign investment and demonstrates the number of jobs supported locally by foreign direct investment (FDI).

The report finds that among the largest 100 metropolitan areas, Greenville ranks 23rd for share of jobs in foreign-owned enterprises (FOEs) at 6.1 percent.

The report also finds that among all 366 metropolitan areas:

  • Spartanburg ranks 3rd for share of jobs in FOEs, at 18.0 percent (behind Columbus, IN and Kokomo, IN)
  • Anderson ranks 7th for share of jobs in FOEs, at 13.4 percent
  • Greenville ranks 67th for share of jobs in FOEs, at 6.1 percent

Among the country’s 616 micropolitan areas:

  • Gaffney ranks 11th for share of jobs in FOEs, at 23.6 percent
  • Greenwood ranks 22nd for share of jobs in FOEs, at 14.5 percent
  • Seneca ranks 38th for share of jobs in FOEs, at 11.7 percent
  • Union ranks 90th for share of jobs in FOEs, at 7.5 percent

READ MORE HERE

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