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EMBARGOED UNTIL RELEASE AT 08:30 a.m. EDT, Monday, July 10, 2023
Technical:
Media:

Jason Sutterley
Ryan Smith
Connie O’Connell

301-278-9548
301-278-9246
301-278-9003

BEA 23–31
Jason.Sutterley@bea.gov
Ryan.Smith@bea.gov
Connie.OConnell@bea.gov

New Foreign Direct Investment in the
United States, 2022
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $177.5
billion (preliminary) in 2022, according to statistics released today by the U.S. Bureau of Economic
Analysis (BEA). Expenditures decreased $185.1 billion, or 51 percent, from $362.6 billion (revised) in
2021 and were below the annual average of $298.8 billion for 2014–2021. As in previous years,
acquisitions of existing businesses accounted for most of total expenditures.

Chart 1. New Foreign Direct Investment by Type, 1999–2022
Billions of dollars

500
450
400

350
300
250

Expansions*

200

Establishments

150

Acquisitions

100
50
0

*Expansions are included in 2014 to present.
Note. The survey used to produce these statistics was not conducted between 2009–2013.
U.S. Bureau of Economic Analysis

In 2022, expenditures for acquisitions were $169.4 billion, expenditures to establish new U.S. businesses
were $3.8 billion, and expenditures to expand existing foreign-owned businesses were $4.4 billion.
Planned total expenditures, which include both first-year and planned future expenditures, were $255.1
billion (table 1.2).
Expenditures by industry, country, and state (tables 1.2, 2.2, and 3.2)
By industry, expenditures for new direct investment were largest in the manufacturing sector, at $55.2
billion, accounting for 31.1 percent of total expenditures. Within manufacturing, expenditures were
largest in chemical manufacturing ($21.5 billion) and machinery ($9.9 billion). There were also notable
expenditures in the information sector ($28.2 billion).
By country of ultimate beneficial owner (UBO), the largest investing country was Canada, with
expenditures of $37.9 billion. The United Kingdom ($34.7 billion) was the second-largest country,
followed by France ($16.5 billion). By region, Europe contributed 57.4 percent of new investment in
2022.
By state, California received the most investment, totaling $29.0 billion, followed by Texas ($20.7 billion)
and Illinois ($10.9 billion).
Greenfield expenditures (tables 1.2, 2.2, and 3.2)
Greenfield investment expenditures—expenditures to either establish a new U.S. business or to expand
an existing foreign-owned U.S. business—were $8.1 billion in 2022. By industry, greenfield expenditures
were largest in manufacturing, totaling $5.3 billion, led by computer and electronic products ($1.8
billion). By region of UBO, Asia and Pacific ($3.4 billion) and Europe ($2.9 billion) had the largest
expenditures. By state, California received the highest level of greenfield investment ($1.5 billion).
Total planned expenditures for greenfield investment initiated in 2022, which include both first-year and
future expenditures, were $85.7 billion. By industry, total planned expenditures for greenfield
investment were largest in semiconductors and other components manufacturing and in electrical
equipment, appliances, and components manufacturing, which includes batteries. By region of UBO,
Asia and Pacific had the largest total planned expenditures. By U.S. region, the Southwest had the
largest total planned expenditures.
Employment by newly acquired, established, or expanded foreign-owned businesses (tables 4.2, 5.2,
and 6.2)
In 2022, employment at newly acquired, established, or expanded foreign-owned businesses in the
United States was 142,700 employees. Current employment of acquired enterprises was 139,000. Total
planned employment, which includes the current employment of acquired enterprises, the planned
employment of newly established business enterprises when fully operational, and the planned
employment associated with expansions, was 185,600.
By industry, manufacturing accounted for the largest number of employees (34,800), followed by
professional, scientific, and technical services (18,400). By country of UBO, Canada (34,300), the United
Kingdom (22,800), and France (11,000) accounted for the largest number of employees.

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By state, California and Florida had the largest employment resulting from new investment (13,400
each), followed by Texas (13,300) and Illinois (11,200). See Improvements to the New Foreign Direct
Investment Statistics below.

Improvements to the New Foreign Direct Investment Statistics
Today’s release incorporates an improved methodology for estimating employment at the state level
by U.S. businesses newly acquired by foreign investors.
For the largest acquisitions—those with 3,000 or more employees—that are more likely to involve
operations in multiple states, BEA now uses the U.S. Bureau of Labor Statistics Quarterly Census of
Employment and Wages establishment-level data to assign employees to the states where they work
more accurately than is possible using BEA survey data alone.
For more information, please see U.S. International Economics Accounts: Concepts and Methods and
“Upcoming Improvements to BEA's Statistics on New Foreign Direct Investment in the United States”
in the Survey of Current Business.
This methodological improvement is part of a broader BEA fiscal year 2023 funded initiative to
measure global supply chains.
Separately, BEA changed the reporting requirements for respondents that must provide annual
expenditure updates for multiyear establishment or expansion projects. Previously, BEA collected
these updates annually until the project was completed. They will now be collected and compiled for
3 years after the year in which the investment was initiated, or until the project was completed,
whichever comes first. This change reduces respondent burden but still allows BEA to continue to
produce reliable statistics that can help answer questions about whether greenfield projects are
completed and whether there are significant differences between planned and actual costs.

-3-

Table 1. Updates to 2021 Expenditures for
New Foreign Direct Investment in the United States
(Billions of dollars)
Previously published

Revised

First-year expenditures
U.S. businesses acquired
U.S. businesses established
U.S. businesses expanded

333.6
330.2
1.6
1.8

362.6
354.8
3.6
4.2

Planned total expenditures
U.S. businesses acquired
U.S. businesses established
U.S. businesses expanded

345.8
330.2
2.5
13.1

383.8
354.8
5.2
23.8

U.S. Bureau of Economic Analysis

Next release: July 2024
New Foreign Direct Investment in the United States, 2023

-4-

Additional Information
entity below), beginning with and including the foreign
parent, that is not owned more than 50 percent by another
person. Unlike the foreign parent, the UBO of an affiliate
may be located in the United States.

Resources
•
•

•
•
•
•

•
•
•

Additional data on the expenditures and activities of
newly acquired, established, or expanded U.S.
businesses are available on BEA’s website.
Stay informed about BEA developments by reading
The BEA Wire, signing up for BEA’s email
subscription service, or following BEA on Twitter
@BEA_News.
Historical time series for these estimates can be
accessed in BEA’s Interactive Data Application.
Access BEA data by registering for BEA’s Data
Application Programming Interface.
For upcoming economic indicators, see BEA’s news
release schedule.
For more information about the survey of new
foreign investment in the United States and the
statistics produced from it, see “New Foreign Direct
Investment in the United States in 2021” in the
Survey of Current Business, BEA’s online journal.
Additional information on new foreign direct
investment in the United States in 2022 will be
published in August in the Survey.
More information on foreign direct investment
statistics is provided in U.S. International Economic
Accounts: Concepts and Methods.
See the FAQ “What is the relationship between
BEA’s new investment statistics and its other
statistics on foreign direct investment in the United
States?” for a comparison of BEA’s new investment
statistics and its other statistics on foreign direct
investment in the United States.

An acquisition occurs when a foreign entity acquires a
voting interest (directly, or indirectly through an existing
U.S. affiliate) of at least 10 percent in a U.S. business
enterprise. Acquisitions of additional voting interest in
existing U.S. affiliates in which a foreign entity already has
a 10 percent voting interest are excluded.
An establishment occurs when a foreign entity, or an
existing U.S. affiliate of a foreign entity, establishes a new
legal entity in the United States in which the foreign entity
owns 10 percent or more of the new business enterprise’s
voting interest.
An expansion occurs when an existing U.S. affiliate of a
foreign parent expands its operations to include a new
facility where business is conducted.
Greenfield investment includes establishments and
expansions.

Statistical conventions
The statistics of new investments by foreign direct investors
are based on data reported in the Survey of New Foreign
Direct Investment in the United States (BE–13) conducted
by BEA.

Definitions

The statistics include transactions resulting from
corporate inversions. A corporate inversion occurs when a
U.S. corporation that is currently the ultimate owner of its
worldwide operations takes steps to become a subsidiary
of a foreign corporation. BEA’s direct investment surveys
do not collect information on whether a U.S. corporation
became foreign owned as a result of a corporate inversion.
Using publicly available information, such as commercial
databases and press reports, BEA estimates that newly
inverted U.S. corporations accounted for a significant
share of first-year expenditures in 2015, but not in
subsequent years. For more information on how
corporate inversions affect the new investment statistics,
see “New Foreign Direct investment in the United States
in 2016” in the Survey.

Direct investment is a category of cross-border investment
associated with a resident in one economy having control
or a significant degree of influence on the management of
an enterprise resident in another economy. Ownership or
control of 10 percent or more of the voting securities of an
entity in another economy is the threshold for separating
direct investment from other types of investment.
A U.S. affiliate is a U.S. business enterprise that is at least
10 percent owned by a single foreign person or entity.
A foreign parent is the first person or entity outside the
United States in a U.S. affiliate’s ownership chain that has a
direct investment interest in the affiliate.
The ultimate beneficial owner (UBO) is that person or
entitiy, proceeding up a chain of majority-ownership
(where the entity above owns more than 50 percent of the

-5-

liabilities with respect to foreign residents at a specific point
in time.

Related statistics
Statistics on new foreign direct investment are one part of
a broader set of U.S. International Economic Accounts that,
taken together, provide a comprehensive, integrated and
detailed picture of U.S. international economic activities.
Statistics on direct investment and multinational
enterprises (MNEs) include annual statistics on the
activities of U.S. MNEs and U.S. affiliates of foreign MNEs as
well as detailed annual and quarterly statistics on direct
investment.

The International Transactions Accounts (ITAs) are released
quarterly. The ITAs are a statistical summary of economic
activity between U.S. residents and the residents of other
countries.
Statistics on international services, released annually,
include detailed annual information on trade in services and
on services supplied through the channel of direct
investment by affiliates of MNEs.

The International Investment Position (IIP) Accounts are
released quarterly. The IIP is a statistical balance sheet that
presents the dollar value of U.S. financial assets and

U.S. international trade in goods and services, released by
BEA and the U.S. Census Bureau, provides monthly statistics
on trade in goods and services.

News release tables
Table 1.1 and 1.2. First-Year Expenditures and Planned Total Expenditures, Industry of Affiliate by Type of Investment
Table 2.1 and 2.2. First-Year Expenditures and Planned Total Expenditures, Country of UBO by Type of Investment
Table 3.1 and 3.2. First-Year Expenditures and Planned Total Expenditures, State by Type of Investment
Table 4.1 and 4.2. Current and Planned Employment of U.S. Businesses Acquired, Established, and Expanded, Industry of
Affiliate by Type of Investment
Table 5.1 and 5.2. Current and Planned Employment of U.S. Businesses Acquired, Established, and Expanded, Country of UBO by
Type of Investment
Table 6.1 and 6.2. Current and Planned Employment of U.S. Businesses Acquired, Established, and Expanded, State by Type of
Investment

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Table 1.1 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2021, Industry of Affiliate by Type of Investment
[Millions of dollars]
First-year expenditures 1
Planned total expenditures (first-year and planned future) 2
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
All industries

362,557

354,817

3,553

4,186

383,825

354,8172

5,168

23,839

123,037

121,707

308

1,022

127,944

121,707

540

5,697

5,138

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Beverages and tobacco products

993

991

2

0

993

991

2

0

Paper

(D)

(D)

0

0

(D)

(D)

0

0

0

0

0

0

0

0

0

0

63,536

63,038

150

349

66,589

63,038

(D)

(D)

4,313

(D)

4

(D)

(D)

(D)

(D)

(D)

57,546

57,286

(D)

(D)

(D)

57,286

(D)

(D)

1,677

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Plastics and rubber products

1,937

1,934

2

1

1,937

1,934

2

1

Nonmetallic mineral products

84

(D)

(D)

0

84

(D)

(D)

0

1,173

(D)

(D)

0

(D)

(D)

(D)

0

Primary metals

626

(D)

(D)

0

(D)

(D)

(D)

0

Fabricated metal products

548

543

4

0

550

543

6

0

5,346

5,313

24

9

(D)

5,313

(D)

(D)

28,482

28,467

9

6

28,482

28,467

9

6

Semiconductors and other electronic components

(D)

(D)

(*)

0

(D)

(D)

(*)

0

Navigational, measuring, and other instruments

(D)

(D)

1

6

(D)

(D)

1

6

1,914

1,907

8

0

1,914

1,907

8

0

Electrical equipment, appliances, and components

(D)

(D)

1

(D)

3,302

(D)

1

(D)

Transportation equipment

(D)

(D)

32

164

(D)

(D)

(D)

(D)

Motor vehicles, bodies and trailers, and parts

(D)

(D)

(D)

(D)

(D)

(D)

43

(D)

Other

290

130

(D)

(D)

(D)

130

(D)

(D)

7,830

7,419

(D)

(D)

(D)

7,419

(D)

(D)

5,664

5,620

(D)

(D)

(D)

5,620

(D)

(D)

1

1

(*)

0

1

1

(*)

0

1,607

1,606

1

0

1,607

1,606

1

0

Petroleum and petroleum products

(D)

(D)

0

(D)

(D)

(D)

0

(D)

Other

(D)

(D)

(D)

0

(D)

(D)

(D)

0

39,682

39,548

65

70

39,717

39,548

65

104

Food and beverage stores

(D)

(D)

2

44

(D)

(D)

2

55

Other

(D)

(D)

62

26

(D)

(D)

62

49

26,319

26,139

171

9

(D)

26,139

(D)

9

Publishing industries

12,328

12,265

60

2

12,330

12,265

63

2

Telecommunications

5,500

5,497

3

0

5,500

5,497

3

0

Other

8,491

8,377

108

6

(D)

8,377

(D)

6

15,188

14,907

(D)

(D)

(D)

14,907

(D)

(D)

(D)

(D)

(D)

(*)

(D)

(D)

(D)

(*)

9,433

(D)

(D)

0

(D)

(D)

(D)

0

(D)

(D)

(*)

(D)

(D)

(D)

(*)

(D)

48,407

47,999

308

101

49,457

47,999

(D)

(D)

Real estate

(D)

(D)

303

101

(D)

(D)

1,035

(D)

Rental and leasing (except real estate)

(D)

(D)

5

0

(D)

(D)

(D)

0

42,001

41,787

198

16

42,009

41,787

205

16

Architectural, engineering, and related services

860

858

(*)

2

860

858

(*)

2

Computer systems design and related services

6,861

6,804

52

5

6,869

6,804

60

5

Management, scientific, and technical consulting

3,734

3,706

28

(*)

3,734

3,706

28

(*)

30,545

30,419

118

8

30,545

30,419

118

8

62,258

57,110

(D)

(D)

(D)

57,110

(D)

(D)

Mining

1,668

1,379

(D)

(D)

2,375

1,379

(D)

(D)

Utilities

11,006

6,844

1,770

2,392

25,426

6,844

2,295

16,288

1,813

1,722

(D)

(D)

(D)

1,722

(D)

(D)

Transportation and warehousing

17,957

17,703

3

251

18,027

17,703

3

321

Administration, support, and waste management

16,403

(D)

(D)

(D)

(D)

(D)

(D)

(D)

7,537

7,533

4

0

7,537

7,533

4

0

(D)

(D)

7

0

(D)

(D)

7

0

Manufacturing
Food

Petroleum and coal products
Chemicals
Basic chemicals
Pharmaceuticals and medicines
Other

Primary and fabricated metals

Machinery
Computers and electronic products

Other

Other
Wholesale trade
Motor vehicles and motor vehicle parts and supplies
Electrical goods

Retail trade

Information

Finance and insurance
Depository credit intermediation (banking)
Finance, except depository institutions
Insurance carriers and related activities
Real estate and rental and leasing

Professional, scientific, and technical services

Other
Other industries

Construction

Health care and social assistance
Accommodation and food services

Other
(D)
(D)
(D)
(D)
(D)
(D)
69
69
* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. First-year expenditures include expenditures in the year in which the transaction occurred.
2. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for establishments and expansions that are
multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
Source: U.S. Bureau of Economic Analysis

Table 1.2 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2022, Industry of Affiliate by Type of Investment
[Millions of dollars]
First-year expenditures 1
Planned total expenditures (first-year and planned future) 2
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
All industries

177,493

169,360

3,771

4,362

255,073

169,3602

28,156

57,557

55,203

49,869

2,536

2,798

130,296

49,869

24,791

55,636

2,645

2,634

8

2

2,645

2,634

8

2

Beverages and tobacco products

(D)

(D)

1

0

(D)

(D)

1

0

Paper

(D)

(D)

0

0

(D)

(D)

0

0

Petroleum and coal products

(D)

(D)

0

0

(D)

(D)

0

0

21,514

(D)

(D)

89

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

9,067

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

0

(D)

(D)

(D)

0

Plastics and rubber products

1,566

(D)

1

(D)

(D)

(D)

1

(D)

Nonmetallic mineral products

(D)

(D)

2

0

(D)

(D)

2

0

1,924

1,824

100

0

(D)

1,824

(D)

(D)

Primary metals

(D)

(D)

(D)

0

(D)

(D)

(D)

(D)

Fabricated metal products

(D)

(D)

(D)

0

(D)

(D)

(D)

0

Machinery

9,921

9,911

4

5

(D)

9,911

(D)

5

Computers and electronic products

3,549

1,756

(D)

(D)

55,417

1,756

(D)

(D)

Semiconductors and other electronic components

2,068

(D)

(D)

(D)

53,936

(D)

(D)

(D)

Navigational, measuring, and other instruments

1,222

1,222

(*)

0

1,222

1,222

(*)

0

259

(D)

(D)

0

259

(D)

(D)

0

3,086

(D)

(D)

(D)

21,643

(D)

(D)

(D)

198

(D)

5

(D)

(D)

(D)

5

(D)

Motor vehicles, bodies and trailers, and parts

(D)

0

5

(D)

(D)

0

5

(D)

Other

(D)

(D)

0

(D)

(D)

(D)

0

(D)

4,486

4,393

(D)

(D)

(D)

4,393

(D)

(D)

4,080

3,993

54

33

4,103

3,993

(D)

(D)

Motor vehicles and motor vehicle parts and supplies

16

0

(D)

(D)

(D)

0

(D)

(D)

Electrical goods

(D)

(D)

3

0

(D)

(D)

3

0

Petroleum and petroleum products

(D)

(D)

0

0

(D)

(D)

0

0

3,379

3,311

(D)

(D)

(D)

3,311

(D)

(D)

3,486

3,409

60

18

(D)

3,409

60

(D)

Food and beverage retailers

(D)

(D)

3

0

(D)

(D)

3

0

Other

(D)

(D)

57

18

(D)

(D)

57

(D)

28,202

28,093

109

0

(D)

28,093

(D)

0

Publishing industries

20,045

19,995

51

0

20,045

19,995

51

0

Telecommunications

6,821

6,818

3

0

6,821

6,818

3

0

Other

1,336

1,280

55

0

(D)

1,280

(D)

0

15,806

15,772

33

0

15,806

15,772

33

0

2

0

2

0

2

0

2

0

Finance, except depository institutions

5,367

5,341

26

0

5,367

5,341

26

0

Insurance carriers and related activities

10,436

10,431

5

0

10,436

10,431

5

0

9,507

9,077

427

3

(D)

9,077

(D)

3

9,099

8,674

422

3

10,083

8,674

1,406

3

408

403

5

0

(D)

403

(D)

0

18,850

17,645

(D)

(D)

(D)

17,645

(D)

(D)

Architectural, engineering, and related services

704

697

5

2

704

697

5

2

Computer systems design and related services

6,672

6,618

51

3

6,673

6,618

52

3

Management, scientific, and technical consulting

2,111

2,093

18

0

2,111

2,093

18

0

Other

9,363

8,237

(D)

(D)

(D)

8,237

(D)

(D)

42,359

41,503

(D)

(D)

(D)

41,503

(D)

(D)

Mining

95

88

7

0

95

88

7

0

Utilities

10,586

10,077

48

461

(D)

10,077

48

(D)

556

551

5

0

556

551

5

0

Transportation and warehousing

10,574

10,560

14

0

10,574

10,560

14

0

Administration, support, and waste management

11,589

(D)

(D)

0

(D)

(D)

(D)

0

Health care and social assistance

74

73

1

0

74

73

1

0

Accommodation and food services

320

319

1

0

320

319

1

0

Manufacturing
Food

Chemicals
Basic chemicals
Pharmaceuticals and medicines
Other

Primary and fabricated metals

Other
Electrical equipment, appliances, and components
Transportation equipment

Other
Wholesale trade

Other
Retail trade

Information

Finance and insurance
Depository credit intermediation (banking)

Real estate and rental and leasing
Real estate
Rental and leasing (except real estate)
Professional, scientific, and technical services

Other industries

Construction

Other
(D)
(D)
(D)
(D)
(D)
(D)
(D)
8,566
* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. First-year expenditures include expenditures in the year in which the transaction occurred.
2. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for establishments and expansions that are
multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
Source: U.S. Bureau of Economic Analysis

Table 2.1 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2021, Country of UBO 1 by Type of Investment
[Millions of dollars]
First-year expenditures 2
Planned total expenditures (first-year and planned future) 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
All countries

362,557

354,817

3,553

4,186

383,825

354,8172

5,168

23,839

Canada

35,440

34,572

334

533

35,899

34,572

(D)

(D)

Europe

249,084

243,637

2,436

3,012

264,090

243,637

3,010

17,443

12

3

9

0

13

3

9

0

5,704

(D)

9

(D)

(D)

(D)

9

(D)

Finland

(D)

(D)

(*)

0

(D)

(D)

(*)

0

France

36,196

36,189

5

3

36,196

36,189

5

3

Germany

28,056

27,244

56

756

28,224

27,244

(D)

(D)

Ireland

18,673

(D)

(D)

(D)

(D)

(D)

(D)

(D)

3,873

2,179

(D)

(D)

(D)

2,179

(D)

(D)

45,794

45,772

21

1

(D)

45,772

21

(D)

1,654

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Sweden

11,306

11,297

8

1

11,306

11,297

8

1

Switzerland

19,215

(D)

(D)

(D)

(D)

(D)

(D)

(D)

United Kingdom

63,086

62,624

298

164

63,233

62,624

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

10,126

9,922

(D)

(D)

(D)

9,922

(D)

(D)

1,103

931

(D)

(D)

(D)

931

(D)

(D)

Brazil

(D)

(D)

3

(D)

(D)

(D)

6

(D)

Mexico

777

(D)

(D)

0

777

(D)

(D)

0

0

0

0

0

0

0

0

0

(D)

(D)

(D)

0

(D)

(D)

(D)

0

9,023

8,991

32

0

9,024

8,991

33

0

(D)

(D)

7

0

(D)

(D)

7

0

7,446

7,422

24

0

7,448

7,422

26

0

(D)

(D)

1

0

(D)

(D)

1

0

36

(D)

(D)

0

36

(D)

(D)

0

South Africa

(D)

(D)

2

0

(D)

(D)

2

0

Other

(D)

0

(D)

0

(D)

0

(D)

0

4,860

4,783

77

(*)

(D)

4,783

(D)

(*)

389

319

70

0

(D)

319

(D)

0

4

4

(*)

0

4

4

(*)

0

United Arab Emirates

(D)

(D)

2

(*)

(D)

(D)

2

(*)

Other

(D)

(D)

5

0

(D)

(D)

5

0

58,653

57,545

569

539

(D)

57,545

(D)

(D)

4,805

4,635

99

71

(D)

4,635

(D)

(D)

China

992

693

(D)

(D)

(D)

693

(D)

(D)

Hong Kong

(D)

(D)

2

1

(D)

(D)

2

1

India

896

876

17

3

(D)

876

17

(D)

31,323

30,891

271

161

(D)

30,891

(D)

(D)

6,358

6,299

(D)

(D)

(D)

6,299

(D)

(D)

10,652

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Taiwan

53

(D)

(D)

0

53

(D)

(D)

0

Other

(D)

(D)

(D)

0

(D)

(D)

(D)

0

Belgium
Denmark

Italy
Netherlands
Spain

Other
Latin America and Other Western Hemisphere
South and Central America

Venezuela
Other
Other Western Hemisphere
Bermuda
United Kingdom Islands, Caribbean
Other
Africa

Middle East
Israel
Saudi Arabia

Asia and Pacific
Australia

Japan
Singapore
South Korea

4

United States 5
(D)
(D)
(D)
(D)
4,357
16
4,357
16
* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. The Ultimate Beneficial Owner (UBO) is the entity, proceeding up the foreign ownership chain, which is not more than 50 percent owned by another entity. The UBO is the entity that ultimately owns or controls
and thus ultimately derives the benefits and assumes the risks from owning or controlling an affiliate.
2. First-year expenditures include expenditures in the year in which the transaction occurred.
3. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for establishments and expansions
that are multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
4. The "United Kingdom Islands, Caribbean" consists of the British Virgin Islands, the Cayman Islands, Montserrat, and the Turks and Caicos Islands.
5. The United States is the country of ultimate beneficial owner for businesses newly acquired, established, or expanded by foreign investors that are ultimately owned by persons located in the United States.
Source: U.S. Bureau of Economic Analysis

All countries

Table 2.2 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2022, Country of UBO 1 by Type of Investment
[Millions of dollars]
First-year expenditures 2
Planned total expenditures (first-year and planned future) 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
169,360
3,771
4,362
255,073
169,360
28,156
57,557
177,493

Canada

37,943

(D)

1,181

(D)

(D)

(D)

(D)

133

Europe

101,904
(D)

99,034
(D)

1,736
(D)

1,134

103,949
(D)

99,034
(D)

(D)

(D)

(D)

0

(D)

0

(D)

0

(D)

(D)

3

4,365
(D)

(D)

Finland

4,365
(D)

(D)

(D)

(D)

3

France

16,468

16,460

7

0

16,468

16,460

7

0

Germany

7,349

74
(D)

(D)

(D)

7,159
(D)

(D)

6,308
(D)

117
(D)

(D)

Ireland

7,159
(D)

(D)

(D)

(D)

(D)

0

(D)

(D)

(D)

0

Belgium
Denmark

Italy

0

Netherlands

406

380

25

0

406

380

25

0

Spain

786

(D)

(D)

0

(D)

(D)

(D)

0

(D)
(D)

14,752
(D)

(D)

(D)

0
(D)

(D)

Switzerland

14,752
(D)

(D)

(D)

(D)

0
(D)

United Kingdom

34,702

(D)

(D)

(D)

(D)

(D)

0

(D)

33,572
(D)

(D)

3,920

33,572
(D)

(D)

0

8,646

8,566

80

0

8,749

8,566

183

0

1,425
(D)

1,392
(D)

33

0

(D)

(D)

0

0

18

(D)

0

18

(D)

2
(D)

0

Mexico

2
(D)

(D)

1,392
(D)

Venezuela

1
(D)

0
(D)

1
(D)

0

0
(D)

1
(D)

0

0

1
(D)

7,220
(D)

7,174
(D)

47
(D)

0

(D)

(D)

0

0

(D)

7,174
(D)

(D)

0

867
(D)

831
(D)

35
(D)

0

874
(D)

831
(D)

43
(D)

0

32
(D)

25
(D)

7

0
0

25
(D)

0

1

38
(D)

13

South Africa

7

0

Other

(D)

(D)

6

0

(D)

(D)

6

0

5,281

4,781
(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

4,781
(D)

(D)

(D)

(D)

(D)

0

(D)

(D)

(D)

0

Sweden

Other
Latin America and Other Western Hemisphere
South and Central America
Brazil

Other
Other Western Hemisphere
Bermuda
United Kingdom Islands, Caribbean
Other
Africa

Middle East
Israel

4

0

0
0

0

Saudi Arabia

890
(D)

United Arab Emirates

(D)

(D)

(D)

0

(D)

(D)

(D)

0

1,206

1,204

2

0

1,206

1,204

2

0

21,870
(D)

18,461
(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

114
(D)

(D)

0
(D)

18,461
(D)

0
(D)

(D)

0

14

114
(D)

(D)

(D)

7

3

(D)
5,659

16
(D)

Other
Asia and Pacific
Australia
China

427

Hong Kong

14
(D)

India

(D)

(D)

0
(D)

Japan

6,418

5,659

528

232

6,636
(D)

Singapore

4,878

4876

2

0

4878

4876

2

0

South Korea
Taiwan

5,084
(D)

(D)
(D)

1931
(D)

35260
(D)

(D)
(D)

0

0

(D)

0

(D)
6
(D)

(D)
(D)

(D)

(D)
6
(D)

1817

(D)

(D)

4

1817

(D)

(D)

Other
United States 5

(D)

0

4
* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. The Ultimate Beneficial Owner (UBO) is the entity, proceeding up the foreign ownership chain, which is not more than 50 percent owned by another entity. The UBO is the entity that ultimately owns or controls
and thus ultimately derives the benefits and assumes the risks from owning or controlling an affiliate.
2. First-year expenditures include expenditures in the year in which the transaction occurred.
3. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for establishments and expansions
that are multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
4. The "United Kingdom Islands, Caribbean" consists of the British Virgin Islands, the Cayman Islands, Montserrat, and the Turks and Caicos Islands.
5. The United States is the country of ultimate beneficial owner for businesses newly acquired, established, or expanded by foreign investors that are ultimately owned by persons located in the United States.
Source: U.S. Bureau of Economic Analysis

Total

Table 3.1 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2021, State 1 by Type of Investment
[Millions of dollars]
First-year expenditures 2
Planned total expenditures (first-year and planned future) 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
Total
acquired
acquired
(5)
(6)
(7)
(8)
(4)
(1)
(2)
(3)
383,825
354,817
5,168
23,839
4,186
362,557
354,817
3,553

New England:
Connecticut

1,275
(D)

1,270
(D)

1,277
(D)

1,270
(D)

4

3

55,907
(D)

(D)

0

(D)

(D)

21

0
(D)

(D)

1

(D)

(D)

1

1

1

Rhode Island

(D)

(D)

2

0

(D)

(D)

2

0

Vermont

(D)

(D)

0

0

(D)

(D)

0

0

1,133
(D)

846
(D)

283
(D)

4

1,134
(D)

846
(D)

284
(D)

5

5,692
(D)

5,601
(D)

88
(D)

3
(D)

(D)

(D)

(D)

5,601
(D)

(D)

3
(D)

New York

37,386

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Pennsylvania

30,798

30,737

32

29

30,870

30,737

33

100

27,806
(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

27,806
(D)

(D)

Indiana

28,107
(D)

(D)

(D)

Michigan

2,282

4
(D)

0

2,282
(D)

2,275
(D)

4
(D)

3

5,624

2,275
(D)

3

Ohio

0

Wisconsin

1,067

1,065

(*)

3

1,067

1,065

(*)

3

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

Minnesota

912

(D)

(D)

0

2,182
(D)

0
(*)

(D)

2,182

0
(*)

(D)

(D)

Missouri

341
(D)

1

151

(D)

(D)

(D)

3
(D)

(D)

North Dakota

0
(D)

341
(D)

1

Nebraska

493
(D)

0
(D)

(D)

(D)

0
(D)

4
(D)

South Dakota

(D)

(D)

(D)

2

(D)

(D)

(D)

2

801
(D)

(D)

0

(D)

(D)

(D)

0

(D)

(D)

0

2

(D)

(D)

Florida

6,438

6,320

98

20

6,320

2
(D)

Georgia

4,676

4,648

21

7

6,569
(D)

0
(D)

4,648

(D)

(D)

Kentucky

815

6
0

809
(D)

6

1,681
(D)

0
(D)

815

Louisiana

809
(D)

0
(D)

(D)

0
(D)

(D)

3

15,708

(D)

3,429
(D)

(D)

13
(D)

Maine
Massachusetts
New Hampshire

4

1

0

0
(D)

21

Mideast:
Delaware
District of Columbia
Maryland
New Jersey

0

0

Great Lakes:
Illinois

Plains:
Iowa
Kansas

(D)

Southeast:
Alabama
Arkansas

Mississippi

1,681
(D)

North Carolina

(D)

(D)

3
(D)

South Carolina

(D)

(D)

(D)

(D)

Tennessee

(D)

(D)

4,164
(D)

4,086
(D)

7
(D)

24
(D)

(*)

0

(D)

4,086
(D)

4,165
(D)

(D)

(D)

(D)

(D)

(D)

0

601

(D)

4
(D)

18,293

15,119

4,487
(D)

0
(D)
(D)

7
(D)

(D)

(*)

0

(D)

17

(D)

(D)

(D)

0

(D)

4
(D)

0

(D)

1,724

1,451

19,651

15,119

2,308

2,224

4,473
(D)

(D)

(D)

(D)

(D)

(D)

(*)

0

(D)

4,473
(D)

(*)

0

(*)

0

(*)

0

(*)

0

(*)

0

1,194

6
(D)

0

1,194

0

17

1,189
(D)

6
(D)

0

17

1,189
(D)

0

0

0

0

0

66,640

66,263

218

159

0
(D)

66,263

0
(D)

0
(D)

Hawaii

82

78
192

1
(D)

78

207

4
(D)

83

Nevada

192

1
(D)

Oregon

1,262

1,239

22

2

207
(D)

4
(D)

1,239

(D)

(D)

Washington

2,158
(D)

2,130
(D)

26
(*)

2
(D)

2,130
(D)

(D)

(D)

(*)

(D)

Virginia
West Virginia

(D)

(D)

0

(D)

Southwest:
Arizona
New Mexico
Oklahoma
Texas

0

Rocky Mountains:
Colorado
Idaho
Montana
Utah
Wyoming

0

Far West:
Alaska
California

Puerto Rico
Other U.S. areas

4

(D)
(D)

0
0
0
0
0
0
0
0
* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. Statistics are shown for the state in which the newly acquired, established, or expanded U.S. business enterprise is located. If the U.S. business enterprise operates in more
than one state; it is the state where the largest number of employees are based; if there are no employees it is the state of incorporation of the U.S. business enterprise.
2. First-year expenditures include expenditures in the year in which the transaction occurred.
3. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for
establishments and expansions that are multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
4. "Other U.S. areas" consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas.
Source: U.S. Bureau of Economic Analysis

Table 3.2 First-Year Expenditures and Planned Total Expenditures for Investments Initiated in 2022, State 1 by Type of Investment
[Millions of dollars]
First-year expenditures 2
Planned total expenditures (first-year and planned future) 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
established
expanded
established
expanded
Total
Total
acquired
acquired
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
169,360
28,156
57,557
255,073
4,362
177,493
169,360
3,771

Total
New England:
Connecticut

(D)

(D)

6,595

0
(D)

0
(D)

(D)

0

(D)

0

3
(D)

2

0

0

5
(D)

0

0

230

0

277

46

231

0

1,563

38
(D)

3
(D)

0
(D)

41
(D)

38
(D)

3
(D)

0
(D)

10,345

10,329

16

0

10,329

7,577

7,441

7,441

0
(D)

10,545

9
(D)

16
(D)

10,590

128
(D)

10,345
(D)
(D)

10,545

(D)

(D)

Illinois

10,870

(D)

(D)

(D)

(D)

5,805

(D)

(D)

(D)

10,851
(D)

(D)

Indiana

10,851
(D)

(D)

(D)

885

(D)

(D)

(D)

(D)

(D)

(D)

Ohio

5,811

(D)

(D)

(D)

(D)

(D)

15
(D)

Wisconsin

6,028

5,973

(*)

54

(D)

5,973

(*)

(D)

1,159
(D)

0
(D)

0
0

1,159
(D)

1,159
(D)

0
(D)

0

Kansas

1,159
(D)

Minnesota

2,962

2,960

2

0

2,962

2,960

2

0

628

631
(D)

628

1
(D)

2

North Dakota

(D)

0
(D)

1
(D)

2

Nebraska

631
(D)

South Dakota

(D)

Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

(D)

(D)

(D)

0
(D)

(D)

6,595

0
(D)

1,881
(D)

(D)

0

(D)

0

5
(D)

3
(D)

2

0

0

276

46

41

1,887
(D)

1,881
(D)

6,682
(D)

Mideast:
Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania
Great Lakes:

Michigan

(D)

Plains:
Iowa

Missouri

0

0

0
(D)

(D)

2

0

(D)

(D)

0

(D)

0

(D)

(D)

207
(D)

13
(D)

9,150

8,841
(D)

0
(D)

0
(D)

(D)

(D)

(D)

0

(D)

(D)

0

0

(D)

(D)
(D)

South Carolina

8,251
(D)

3
(D)

Tennessee

6,682

Virginia

0

0
(D)

(D)

0
(D)

(D)

2

0

(D)

398
(D)

(D)

0

(D)

(D)

0

9,061
(D)

8,841
(D)

2,317
(D)

Southeast:
Alabama
Arkansas
Florida
Georgia
Kentucky

9,741
8,045
(D)

(D)

0

(D)

(D)

0

0

0
(D)

(D)

(D)

3

(D)

(D)

35

0
(D)

0
(D)

(D)

(D)

(D)

4
(*)

(D)

(D)

4
(*)

0
(D)

2,131
(D)

(D)

44

(D)

(D)

(D)

(D)

(D)

0

0

(D)

(D)

0

0

(D)

2,800
(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

(D)

0

(D)

(D)

(D)

(D)

(D)

20,716

(D)

(D)

0
(D)

3
(*)

0

(D)

3
(*)

(D)

(D)

173

0
(D)

1,130

1,124

6

0

1,130

1,124

6

0

0
(D)

0

0
0

0
(D)

0

1

0
(D)

0

Montana

0
(D)

1

0

Utah

271

268

1

2

271

268

1

2

32

6

26

0

32

6

26

0

(D)

(D)

(D)

27,518

0
(D)

(D)

28,992

0
(D)

(D)

27,518

0
(D)

0
(D)

45
(D)

(D)

(D)
0

45
(D)

(D)

6

57
(D)

(D)

Nevada

57
(D)

6

0

Oregon

1,655

0

1,870
(D)

1,621
(D)

249
(D)

0

1,970
(D)

34
(D)

0

Washington

1,621
(D)

0

(D)

0

0

(D)

(D)

0

0

0

0

0

0

0

0

0

Louisiana
Mississippi
North Carolina

West Virginia

(D)

Southwest:
Arizona
New Mexico
Oklahoma
Texas
Rocky Mountains:
Colorado
Idaho

Wyoming
Far West:
Alaska
California
Hawaii

Puerto Rico
Other U.S. areas

4

0

* A nonzero value that rounds to zero.
D Suppressed to avoid disclosure of data on individual companies.
1. Statistics are shown for the state in which the newly acquired, established, or expanded U.S. business enterprise is located. If the U.S. business enterprise operates in more
than one state; it is the state where the largest number of employees are based; if there are no employees it is the state of incorporation of the U.S. business enterprise.
2. First-year expenditures include expenditures in the year in which the transaction occurred.
3. Planned total expenditures include first-year expenditures for all investments plus planned future expenditures until completion (and expenditures from past years, if any) for
establishments and expansions that are multiyear investments. For acquired U.S. businesses, first-year expenditures and planned total expenditures are the same.
4. "Other U.S. areas" consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas.
Source: U.S. Bureau of Economic Analysis

All industries

Table 4.1 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2021, Industry of Affiliate by Type of Investment
[Thousands of employees]
Current employment 2
Planned employment 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S.
businesses
U.S.
businesses
U.S.
businesses
U.S. businesses
U.S. businesses
U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(3)
(4)
(5)
(6)
(7)
(8)
(2)
(1)

Manufacturing

268.4

265.0

0.6

2.8

276.4

265.0

4.0

7.5

1.0
(*)

5.5
0.7

51.9

50.1

0.1

1.7

56.6

50.1

Food

3.4

3.1

0.0

0.3

3.9

3.1

Beverages and tobacco products

1.0
H

0.0

0.0
0.0

1.0
H

0.0

0.0

1.0
H

0.0

Paper

1.0
H

0.0

0.0

Petroleum and coal products

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

11.9

11.6

0.1

0.2

13.3

11.6

1.3

Basic chemicals
Pharmaceuticals and medicines

1.4

1.4

0.0

0.0

1.5

1.4

0.3
(*)

9.5

9.2

0.1

10.7

9.2

A

Other

1.0

0.0

1.1

A

0.0

A

5.2

1.0
I

A

5.2

1.0
I

0.2
(*)

0.1
G

(*)

A

0.1

0.1

0.0

0.1

0.1

(*)

0.0

1.4

1.4

0.0
(*)

0.0

1.5

1.4

0.1

0.0

0.0

0.6

0.5

0.0

0.0

1.0

0.0
(*)

6.9

0.9
I

0.1
(*)

7.3
G
5.8
A

Chemicals

Plastics and rubber products
Nonmetallic mineral products
Primary and fabricated metals
Primary metals

0.5

0.5

(*)

Fabricated metal products

0.9

0.0
A

Machinery

6.3

0.9
I

Computers and electronic products

7.2
G

7.2
G

0.0

I

I

0.0

0.0
(*)

0.4
F

0.4
F

0.0

0.0

4.3
H

H

0.0
A

0.0
F

H

A

Semiconductors and other electronic components
Navigational, measuring, and other instruments
Other

Electrical equipment, appliances, and components
Transportation equipment

Motor vehicles, bodies and trailers, and parts
Other
Other
Wholesale trade

Motor vehicles and motor vehicle parts and supplies
Electrical goods
Petroleum and petroleum products
Other
Retail trade

0.0

A

0.0
A

7.2
G

A

A

A

I

(*)

0.0
A

0.4
F

A
(*)

H

A

A

4.9
H

H

G

0.4

0.2
A

G

0.0
G
1.1
A

G

0.4

0.0

F

I

6.7

A

I

6.7

A

F

6.0
(*)

6.0
(*)

0.0
(*)

0.0
0.0

6.0
(*)

0.2
(*)

(*)

0.0

6.2
(*)

2.2

2.2

0.0

0.0

2.2

2.2

(*)

0.6

0.6

0.0

0.6

0.6

0.0

3.2

3.2

0.0
(*)

0.0
(*)

0.0

3.4

3.2

0.2

0.0

(*)

0.2

64.3
J

63.6
J

0.2
(*)

0.5

L

L

0.2

0.2
(*)

G

0.0

63.7
J

63.6
J

L

L

0.0
(*)

0.1
(*)

15.6

15.5

(*)

0.0

16.0

15.5

0.5

Publishing industries
Telecommunications

3.8

3.8

0.0

0.0

4.0

3.8

6.1

6.1

0.0

6.1

6.1

Other

5.6

5.6

0.0
(*)

0.1
(*)

0.0

5.9

5.6

0.3

0.0
(*)

13.8

13.6

(*)

0.3

13.9

13.6

0.3

0.3

(*)

0.0

0.3

0.3

0.1
(*)

0.2
(*)

7.0

7.0

(*)

0.0

7.0

7.0

(*)

0.0
0.2

Food and beverage stores
Other
Information

Finance and insurance

Depository credit intermediation (banking)
Finance, except depository institutions
Insurance carriers and related activities
Real estate and rental and leasing

Real estate
Rental and leasing (except real estate)
Professional, scientific, and technical services

0.3

(*)

0.0
(*)

0.3

6.5

6.3

(*)

0.0

1.7

1.5

0.1

0.1

0.0

1.2

1.0

0.6

0.5

37.3

37.3

A

0.0
A

0.1
(*)

0.1

0.5

0.0
(*)

38.4

37.3

0.0
(*)

0.0

3.1

3.1

0.9
(*)

0.2
(*)

0.0
A

13.9
3.0

13.6
H

0.2
A

0.1
A

18.4

J

F

A

79.4

77.4

1.0

6.5

6.3

1.5

1.5

1.0

1.0

0.5

0.0

Architectural, engineering, and related services
Computer systems design and related services
Management, scientific, and technical consulting

3.1

3.1

13.6
2.9

13.6
H

Other

17.7

J

0.0
A

78.5

77.4

A

0.0
F

0.8

0.5

0.5

2.5

0.3
(*)

0.8

2.6

0.0
(*)

1.0
(*)

2.6

2.5

0.1

5.8

5.8

(*)

(*)

5.8

5.8

23.8

23.6

0.0

0.2

23.9

23.6

0.1
(*)

0.3

22.5

22.0

0.1

22.7

22.0

0.6

0.1

6.0
I

6.0
I

0.4
(*)

0.0

0.1
(*)

I

I

0.0
A

6.0
I

0.0

0.0
A

6.1
I
I

I

0.2

0.2

Other industries

Mining
Utilities
Construction

Transportation and warehousing
Administration, support, and waste management
Health care and social assistance
Accommodation and food services
Other

(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments were initiated.
3. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully operating, and the planned employment associated
with the new facilities of expanded business enterprises once they are fully operating.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999; J-10,000 to 24,999; K-25,000 to 49,999; L50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis

0.3
(*)
(*)

0.0

All industries

Table 4.2 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2022, Industry of Affiliate by Type of Investment
[Thousands of employees]
Current employment 2
Planned employment 3
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S.
businesses
U.S.
businesses
U.S.
businesses
U.S. businesses
U.S. businesses
U.S. businesses
established
expanded
established
expanded
Total
acquired
Total
acquired
(3)
(4)
(5)
(6)
(7)
(8)
(2)
(1)
142.7

139.0

1.5

2.2

185.6

139.0

22.9

23.7

34.8

34.3

0.3

0.2

65.5

34.3

3.8
H

3.8
H

0.0

0.0
0.0

3.8
H

20.7
(*)

0.0

3.9
H

10.5
(*)
(*)

0.0

2.4
F

0.0

0.0

0.0

0.0

Chemicals

6.6

6.4

7.0

6.4

0.4

0.2

Basic chemicals
Pharmaceuticals and medicines

1.0

1.0

0.2
(*)

0.0
(*)

2.4
F

0.0

0.0

2.4
F

0.0

Petroleum and coal products

2.4
F

(*)

1.3

1.0

0.2

0.1

3.2

3.0

0.1

(*)

3.4

3.0

0.1

Other

2.3

2.3

0.0

0.0
(*)

2.3

2.3

0.2
(*)

2.2

(*)

0.2

0.2

(*)

0.0
F

Manufacturing
Food

Beverages and tobacco products
Paper

Plastics and rubber products
Nonmetallic mineral products
Primary and fabricated metals

2.2
0.2
2.4

2.2
0.2

0.0

2.4

0.0

0.0
A

0.2

2.3

0.0
A

3.5

2.3

A

A

1.2

0.1

A

F

(*)
A

0.0
A

Primary metals

0.1

0.1

A

Fabricated metal products

2.2

0.0
A

0.0

2.2

0.0

6.1

2.2
I

Machinery

6.0

2.2
I

Computers and electronic products

1.1

G

A

0.0

7.5

G

H

H

0.4
F

0.3
F

(*)

0.0

H

0.0

0.3
F

H
A

0.0

A

A

0.0
A

6.7
F
A

A

A

1.5

A

0.0
A

22.2
G

1.5

I

0.0
J

0.2

(*)

G

Semiconductors and other electronic components
Navigational, measuring, and other instruments
Other

Electrical equipment, appliances, and components
Transportation equipment

1.6

0.2

0.0

Motor vehicles, bodies and trailers, and parts

0.2
(*)

(*)

0.0

0.0

(*)

G

0.0

(*)

G

Other

0.2

0.2

0.0

(*)

0.2

0.2

0.0

(*)

4.8

4.8

0.0

(*)

5.0

4.8

4.6
(*)

4.4

0.0

4.9

4.4

0.1
A

0.0

0.0

0.1
(*)

0.1
A

0.1

0.0

(*)

0.1

0.2
F

0.2
F

0.0

0.0

0.0

0.0

0.2
F

(*)

0.0

0.3
F

H

H

0.0

0.1

H

H

0.0
A

0.0
A

16.3
J

16.1
J

0.0

0.1

A

0.0

16.1
J

A

0.0

16.5
J

(*)

H

H

0.1

H

A

0.0
A

12.4

J

0.0
A

I

0.0

J

J

A

0.0

10.1

10.0

(*)

0.0

10.2

10.0

0.0

1.6

0.0
A

0.0

0.8

1.6
F

0.0

1.6
G

1.6
F

0.1
(*)
A

0.0

12.5

J

A

0.0

J

J

A

0.0

0.0
G

0.0
G

0.0
A

0.0

0.0

0.0
A

0.0

0.0

0.0
G

J

J

J

A

0.0

0.7

F

Other
Wholesale trade

Motor vehicles and motor vehicle parts and supplies
Electrical goods
Petroleum and petroleum products
Other
Retail trade

Food and beverage retailers
Other
Information

Publishing industries
Telecommunications
Other
Finance and insurance

Depository credit intermediation (banking)
Finance, except depository institutions
Insurance carriers and related activities
Real estate and rental and leasing

Real estate
Rental and leasing (except real estate)
Professional, scientific, and technical services

Architectural, engineering, and related services
Computer systems design and related services
Management, scientific, and technical consulting
Other
Other industries

0.0
A

0.0
0.0

F

F

A

0.0

0.0

A

0.6
A

0.1
A

18.4

16.7

A

0.0
G

0.6
A

0.0

0.1

0.6
A

(*)

19.9

16.7

1.7

1.7

0.0

1.7

1.7

2.4
(*)

2.3

2.3

0.0
(*)

0.7
(*)

0.0

2.5

2.3

0.1

0.1

2.0

2.0

(*)

2.0

2.0

0.1

0.0

12.3

10.7
K

A

0.0
G
A

10.7
K

0.5
J

2.4

G

13.5
L

0.2

(*)

0.0
(*)

0.6

43.2
0.2
4.2

Construction

0.5

Other

0.0

1.9
J

Mining
Utilities
Transportation and warehousing
Administration, support, and waste management
Health care and social assistance
Accommodation and food services

0.0

10.9

0.2

0.2

0.0

0.2

0.0

4.2

0.0
(*)

0.0

4.2

4.2

(*)

0.5

0.0

0.0

0.5

0.5

(*)

0.0

10.9
J

(*)

0.0

J

0.0

0.0
G

0.0

17.5

10.9
J

0.0

11.0
K

0.2

0.2

0.0

0.0

0.2

0.2

(*)

0.0

5.5

5.5

5.5

(*)

0.0

4.0

0.0
A

5.5

4.2

0.0
A

4.3

4.0

0.2

0.2

(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments were initiated.
3. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully operating, and the planned employment associated
with the new facilities of expanded business enterprises once they are fully operating.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999; J-10,000 to 24,999; K-25,000 to 49,999; L50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis

Table 5.1 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2021, Country of UBO 2 by Type of Investment
[Thousands of employees]
Current employment 3
Planned employment 4
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
acquired
established
Total
expanded
Total
acquired
established
expanded
(4)
(5)
(6)
(7)
(8)
(3)
(1)
(2)
All countries
268.4
265.0
0.6
2.8
276.4
265.0
4.0
7.5
Canada

57.0

56.9

(*)

0.1

58.1

56.9

0.7

0.4

Europe

114.7
(*)

112.6
(*)

0.5
(*)

1.6

116.9

1.7

2.5

0.2

0.1

Denmark

2.5

2.5

0.0

0.0
(*)

112.6
(*)

2.6

2.5

0.0
(*)

Finland

0.2

0.2

0.0

0.2

France

24.6

24.6

0.0

0.0
(*)

9.0

8.7

(*)

11.4

11.4

2.0

1.7

0.0
(*)

10.6

10.6

Spain

1.2

Sweden

Belgium

0.2

0.1
(*)

0.0

24.7

24.6

(*)

0.1

0.3

9.3

8.7

0.5

0.0

11.5

11.4

0.1
(*)

2.0

1.7

10.8

10.6

0.1
(*)

0.3

0.0

0.3
(*)

0.2

1.2

(*)

0.0

1.2

1.2

(*)

(*)

4.5

4.5

0.0

0.0

4.6

4.5

0.1

(*)

Switzerland

16.8

16.6

0.2

17.1

16.6

0.1

0.4

United Kingdom

23.9

23.2

0.0
(*)

24.6

23.2

0.4

8.0

7.6

0.4

0.7
(*)

8.2

7.6

0.6

1.0
(*)

18.5

18.3

(*)

0.3

19.2

18.3

0.2

0.7

J

J

(*)

0.3

J

J

0.7

0.6
J

0.3
J

(*)

0.3

0.0

0.0

1.0
J

0.3
J

0.1
(*)
(*)

0.0

0.0
(*)

0.0
(*)

0.0

0.0

0.0

0.0

0.1

0.0
(*)

0.0

0.0

0.0
(*)

I

I

0.0

0.0

I

I

0.0

0.7

0.7

0.0

0.0

0.7

0.7

0.1
(*)

6.2
A

6.2
A

0.0

0.0
0.0

6.2
A

0.1
(*)

0.0

0.0

6.2
A

0.3

0.3

0.0

0.0

0.3

0.3

(*)

0.0

0.3

0.3

0.0

0.0

0.3

(*)

0.0

0

0

0.0

0.0

0.3
(*)

0

(*)

0.0

I

I

(*)

0.0

I

I

0.1

(*)

0.4
(*)

0.4
(*)

(*)

0.0
0.0

0.4
(*)

0.1
(*)

0.0

0.0

0.5
(*)

I

I

0.0

0.0

I

I

(*)

0.0
(*)

0.2

0.2

0.0

0.0

0.2

0.2

0.0

0.0

Germany
Ireland
Italy
Netherlands

Other
Latin America and Other Western Hemisphere
South and Central America
Brazil
Mexico
Venezuela
Other
Other Western Hemisphere
Bermuda
United Kingdom Islands, Caribbean 5
Other
Africa
South Africa
Other
Middle East
Israel
Saudi Arabia
United Arab Emirates
Other
Asia and Pacific

0.1

0.7

0.0

0.0
0.0

66.7

65.7

0.1

0.9

70.6

65.7

1.1

3.7

Australia

6.6

6.4

6.8

6.4

0.3

0.1

0.5
H

0.2
H

0.1
(*)

0.1

China

0.3

0.0

0.0

0.7
H

0.2
H

0.2
(*)

0.4
(*)

F

F

0.1

0.8

F

45.9

47.9

45.9

G

Singapore

7.6

7.6

0.0

0.4
(*)

0.1
A

A

46.3

0.0
(*)

7.9

7.6

(*)

0.3

South Korea
Taiwan

1.9
0.1

1.9
0.1

(*)
(*)

0.0
0.0

3.2
A

1.9
0.1

A
A

G
0.0

Other

0.1

0.1

0.0

0.0

A

0.1

A

0.0

H

H

0.0

0.0

H

H

(*)

0.1

Hong Kong
India
Japan

United States 6

(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. The Ultimate Beneficial Owner (UBO) is the entity, proceeding up the foreign ownership chain, which is not more than 50 percent owned by another entity. The UBO is the entity that ultimately owns or controls
and thus ultimately derives the benefits and assumes the risks from owning or controlling an affiliate.
3. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments were initiated.
4. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully operating, and the planned employment
associated with the new facilities of expanded business enterprises once they are fully operating.
5. The "United Kingdom Islands, Caribbean" consists of the British Virgin Islands, the Cayman Islands, Montserrat, and the Turks and Caicos Islands.
6. The United States is the country of ultimate beneficial owner for businesses newly acquired, established, or expanded by foreign investors that are ultimately owned by persons located in the United States.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999; J-10,000 to 24,999; K-25,000 to
49,999; L-50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis

Table 5.2 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2022, Country of UBO 2 by Type of Investment
[Thousands of employees]
Current employment 3
Planned employment 4
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
acquired
established
Total
expanded
Total
acquired
established
expanded
(4)
(5)
(6)
(7)
(8)
(3)
(1)
(2)
All countries
142.7
139.0
1.5
2.2
185.6
139.0
22.9
23.7
Canada

34.3

34.2

(*)

0.1

37.4

34.2

2.9

0.4

Europe

68.7

65.6

1.3

1.8

80.1

65.6

J

H

Belgium

0.7

0.7

0.0

0.0

0.7

0.7

(*)

0.0

Denmark

2.4

2.4

0.0

2.5

2.4

0.1

Finland

0.1

0.1

0.0
(*)

0.0

0.3

0.1

France

11.0

11.0

0.0

0.0

11.0

11.0

0.2
(*)

0.0
(*)

Germany

5.4

4.8

(*)

0.6

6.5

4.8

Ireland

3.7
1.8

3.7
G

0.0
A

0.0

Italy

3.8
G

3.7
G

0.0

0.0

0.2
A

1.5
A

A

0.0
0.0

Netherlands

0.5

0.5

0.0

0.0

0.5

0.5

(*)

Spain

1.5

A

G

0.0

J

A

J

0.0

Sweden

8.7

0.0

4.2

8.7
H

0.1
A

0.0
A

22.8

J

0.0
(*)

0.0
A

8.8

Switzerland

8.7
H

F

J

A

G

5.9

I

A

0.0

23.2
I

I

A

0.0

20.2

20.2

(*)

0.0

20.3

20.2

0.2

0.0

J

J

0.0

0.0

J

J

(*)

0.0

Brazil

1.1

1.1

0.0

0.0

1.1

1.1

(*)

0.0

Mexico

0.2

0.2

0.0

0.0

0.2

0.0
J

0.0
J

0.0

0.0

0.0

0.0

J

0.0
J

0.0
(*)

0.0

Venezuela

0.2
(*)

(*)

0.0

I

I

(*)

0.0

I

I

0.1

0.0

6.1

6.1

0.0

6.1

6.1

0.0

0.0

1.0
F

1.0
F

0.0
(*)

0.0
0.0

1.0
F

0.1
(*)

0.0

0.0

1.1
F

0.0

(*)

(*)

(*)

0.0

0.2

(*)

0.2

0.0

South Africa

(*)

(*)

0.0

(*)

0.0

0.0

0.2
(*)

0.0
(*)

0.2
(*)

0.0

Other

0.0
(*)

4.7
A

4.7
A

0.0

0.0
0.0

4.7
A

0.1
(*)

(*)

0.0

4.7
A

Saudi Arabia

A

A

0.0

0.0

A

A

0.0

United Arab Emirates

H

H

0.0

0.0

H

H

0.0
(*)

Other

A

A

0.0

0.0

A

A

(*)

0.0

12.9

12.5

0.2

0.3

12.5

1.0

0.0
(*)

0.0

7.9
A

20.5

1.0

40.8
G

(*)

United Kingdom
Other
Latin America and Other Western Hemisphere
South and Central America

Other
Other Western Hemisphere
Bermuda
United Kingdom Islands, Caribbean 5
Other
Africa

Middle East
Israel

Asia and Pacific
Australia
China

0.4
(*)

0.3
(*)

India

G

G

(*)

0.0
(*)

Japan

3.8

3.5

0.2

Singapore

3.2

3.2

South Korea
Taiwan

1.8
F

Other

Hong Kong

United States 6

0.1

4.3

1.0

A

0.0

0.0

(*)
0.0

0.0
G

2.8
(*)

0.3
(*)

(*)

3.1

G

(*)

0.0
F

0.1

10.0

3.5

H

G

0.0

0.0

3.2

3.2

(*)

0.0

1.7
F

(*)
0.0

0.1
(*)

18.1
H

1.7
F

H
(*)

J
G

0.0

0.0

0.0

0.0

(*)

0.0

(*)

0.0

2.0

2.0

0.0

0.0

2.0

2.0

A

A

(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. The Ultimate Beneficial Owner (UBO) is the entity, proceeding up the foreign ownership chain, which is not more than 50 percent owned by another entity. The UBO is the entity that ultimately owns or controls
and thus ultimately derives the benefits and assumes the risks from owning or controlling an affiliate.
3. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments were initiated.
4. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully operating, and the planned employment
associated with the new facilities of expanded business enterprises once they are fully operating.
5. The "United Kingdom Islands, Caribbean" consists of the British Virgin Islands, the Cayman Islands, Montserrat, and the Turks and Caicos Islands.
6. The United States is the country of ultimate beneficial owner for businesses newly acquired, established, or expanded by foreign investors that are ultimately owned by persons located in the United States.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999; J-10,000 to 24,999; K-25,000 to
49,999; L-50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis

Table 6.1 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2021, State 2 by Type of Investment
[Thousands of employees]
Current employment 3
Planned employment 4
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
expanded
established
established
expanded
Total
acquired
Total
acquired
(5)
(6)
(7)
(8)
(4)
(1)
(2)
(3)
Total
265.0
4.0
7.5
276.4
2.8
268.4
265.0
0.6
New England:
1.8

1.7

0.0

0.1

1.8

1.7

(*)

0.1

0.7

0.7

0.7

0.0

0.0

10.0

0.0
(*)

0.7

10.0

0.0
(*)

10.2

10.0

1.1

1.1

0.0

0.0

1.2

1.1

0.1
(*)

0.1
(*)

1.5

1.5

0.0

0.0

1.5

1.5

(*)

0.0

0.7

0.7

0.0

0.0

0.7

0.7

0.0

0.0

1.3

1.3

A

A

1.8

1.3

0.4

(*)

0.5

0.1
9.2

0.0
A

0.5
I

0.1

9.3

0.4
A

9.2

0.4
A

0.0
A

8.5

8.5

8.5

0.1

(*)

21.0

0.0
(*)

8.6

21.1

0.0
(*)

21.8

21.0

0.4

0.3

11.7

11.7

(*)

0.1

12.0

11.7

0.1

0.3

13.9

13.8

(*)

0.1

14.2

13.8

9.5

9.5

0.0

0.0

9.6

9.5

0.2
(*)

0.2
(*)

10.7

10.7

0.0

10.7

10.7

(*)

(*)

11.1

11.1

0.0
(*)

0.0

11.2

11.1

3.4

3.4

0.0

0.0

3.4

3.4

0.1
(*)

0.0
(*)

Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

0.9

A

0.0

F

1.0

A

F

5.1

5.1

0.0

0.0

5.1

5.1

0.0
(*)

(*)

2.0

2.0

0.0
(*)

0.0

2.0

2.0

(*)

0.0

(*)

1.4
(*)

Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

Mideast:

Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

Great Lakes:

Illinois
Indiana
Michigan
Ohio
Wisconsin

Plains:

Southeast:

3.7
G

3.1
G

0.2

0.2

0.0
(*)

0.5
A

4.6
G

3.1
G

(*)

0.2

0.2

0.0
(*)

2.4

2.4

0.0

0.0

2.4

2.4

(*)

4.9

4.9

0.0

0.1

5.0

4.9

0.0

4.9

4.9

4.9

0.0

13.7

0.0
(*)

4.9

13.7

0.0
(*)

0.1
(*)

14.0

13.7

7.5

7.5

0.0

0.0

7.6

7.5

0.2
(*)

0.1
(*)

5.8

5.8

0.0

0.0

5.8

5.8

(*)

3.7

3.7

0.0

0.0

3.7

3.7

2.2

2.2

0.0
(*)

0.0

2.2

2.2

0.0
(*)

0.0
(*)

0.1

12.0

10.8

A

2.9
H

2.6
H

(*)
(*)

0.2
G

0.1
(*)

0.0
G

10.9

10.8

2.6

0.0

3.0

2.6
H

0.0

0.0
A

5.8

5.6

0.0

0.2

6.0

5.6

(*)

0.4

0.8

0.8

0.0

0.0

0.8

0.8

0.0

0.0

4.9
A

4.9
A

0.0

(*)

5.0

(*)

0.1

0.0

0.1

A

0.0

2.6

2.6

0.0
(*)

4.9
A

0.0

2.6

2.6

(*)

0.0

12.5

12.1

(*)

0.3

13.0

12.1

0.5

0.4

Colorado
Idaho
Montana
Utah
Wyoming

4.1

4.0

(*)

(*)

4.1

4.0

(*)

0.8

0.8

0.0

0.0

0.8

0.8

0.1
(*)

0.0

0.9

0.9

0.0

0.0

0.9

0.9

(*)

0.0

3.5
(*)

3.5
(*)

0.0

0.0

0.0

0.0

3.5
(*)

(*)

0.0

3.6
A

A

0.0

Alaska
California
Hawaii
Nevada
Oregon
Washington
Puerto Rico

(*)

(*)

0.0

(*)

(*)

0.0

0.0

35.2

35.1

0.0
(*)

0.1

35.9

35.1

0.2

0.6

0.6

0.0

0.0
(*)

0.6

0.6

0.6
(*)

1.0

(*)

1.4
G

(*)

0.1
(*)

A

0.1

A

A

0.3

Southwest:

Arizona
New Mexico
Oklahoma
Texas

Rocky Mountains:

Far West:

Other U.S. areas 5

1.0
1.5
2.0
0.3
(*)

1.0
1.4
G
A
(*)

0.0
A

1.1

A

1.5

0.0

A

2.1

0.0

A

0.4
(*)

(*)

0.0

0.0
0.0
0.0
0.0
(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. Statistics are shown for the state in which the newly acquired, established, or expanded U.S. business enterprise is located. If the U.S. business enterprise operates in
more than one state; it is the state where the largest number of employees are based; if there are no employees it is the state of incorporation of the U.S. business enterprise.
3. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments
4. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully
operating, and the planned employment associated with the new facilities of expanded business enterprises once they are fully operating.
5. "Other U.S. areas" consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999;
J-10,000 to 24,999; K-25,000 to 49,999; L-50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis

Table 6.2 Current and Planned Employment 1 of U.S. Businesses Acquired, Established, and Expanded in 2022, State 2 by Type of Investment
[Thousands of employees]
Current employment 3
Planned employment 4
By type of investment
By type of investment
Greenfield investment
Greenfield investment
U.S. businesses U.S. businesses U.S. businesses
U.S. businesses U.S. businesses U.S. businesses
expanded
established
established
expanded
Total
acquired
Total
acquired
(5)
(6)
(7)
(8)
(4)
(1)
(2)
(3)
Total
139.0
22.9
23.7
185.6
2.2
142.7
139.0
1.5
New England:

Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont

2.3

2.3

0.0

(*)

2.3

2.3

(*)

(*)

0.1

0.1

0.0

0.1

0.1

0.0

2.6

2.6

0.0
(*)

0.0

2.6

2.6

0.2

0.2

0.0

0.0

0.2

0.2

0.1
(*)

0.0
(*)
0.0
0.0

Delaware
District of Columbia
Maryland
New Jersey
New York
Pennsylvania

Mideast:

Great Lakes:

Illinois
Indiana
Michigan
Ohio
Wisconsin

0.1

0.1

0.0

0.0

0.1

0.1

(*)

0.4

0.4

0.0

0.0

0.4

0.4

0.0

0.0

0.1

0.1

(*)

0.0

0.5

0.1

0.0

0.3

0.3
G

(*)

0.3

0.0

0.0
F

2.6

0.3
G

0.4
(*)

0.0
G

0.0

4.8
I

J

0.0
(*)

8.5

8.4

(*)

0.0
(*)

4.9
J

(*)

8.3

4.8
I

8.7

8.4

0.2

(*)

11.2

11.2

0.0

11.3

11.2

(*)

6.3

6.3

0.0
(*)

0.0

6.4

6.3

0.1

0.1
(*)

1.9

1.8
I

0.0
A

0.1

3.6
I

1.8
I

0.1
H

4.6

4.6

(*)

1.9
H

1.9
F

0.0
H

3.4

(*)

0.0
(*)

2.1
4.8

4.6

4.6

0.0

0.0
(*)

Iowa
Kansas
Minnesota
Missouri
Nebraska
North Dakota
South Dakota

1.9
F

1.9
F

0.0

0.0

0.0

0.0

Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
West Virginia

Plains:

Southeast:

7.0

3.4

3.4

0.0

0.0

3.4

A

0.0
G

1.7
0.1
(*)
0.0
0.0

3.2

3.2

0.0

0.0

3.2

3.2

(*)

0.2

0.2

0.0

0.0

0.2

0.2

0.0

0.0

0.5

0.5

0.0

0.0

0.5

0.5

0.0

0.0

0.2

0.2

0.0

0.0

0.2

0.2

0.0

0.0

1.0
G

1.0
G

0.0

(*)

0.9

0.0

0.0

13.4

13.1

0.0
A

1.0
G

0.0

0.0
A

1.9
G
13.7

13.1

0.4

0.2

3.1

3.1

(*)

3.5

3.1

0.2

0.2

2.8

2.8

0.0

0.0
(*)

11.8

2.8

0.0

9.1

0.7

0.7

0.0

0.0

0.7

0.7

0.0

0.2

0.2
H

0.0

0.0
A

0.2
I

0.2
H

0.0
(*)

0.0
A

1.1
I

1.1
H

(*)
(*)

0.0
H

(*)

3.0
A

(*)

(*)

0.0

(*)

4.3
3.6

1.1
H

3.0
A

3.0
A

1.7

1.1

0.0
0.0
0.0
(*)

(*)

0.0
G

0.0

(*)

3.1
A

1.7

0.0

(*)

6.3

1.7

H

G

0.2

0.2

0.0

0.0

0.2

0.2

(*)

0.0

0.5

0.0
(*)

0.0
F

0.5
15.4

0.5
J

(*)

13.3

0.5
J

A

0.0
H

Colorado
Idaho
Montana
Utah
Wyoming

1.0
(*)

1.0
(*)

0.0

0.0

0.0

0.0

1.0
(*)

(*)

0.0

1.1
(*)

0.0

0.1

0.1

0.0

0.0

0.1

0.1

0.0
(*)

0.7
(*)

0.7
(*)

0.0
(*)

0.0

0.7
(*)

(*)

0.0

0.7
(*)

0.0
(*)

(*)

0.0

Alaska
California
Hawaii
Nevada
Oregon
Washington
Puerto Rico

0.0

0.0

0.0

0.0

0.0

0.0

0.0

0.0

13.4

13.1

0.2

0.1

14.3

13.1

0.2

0.2

0.2

0.0

0.0

0.2

0.2

1.0
(*)

0.0
0.0

Southwest:

Arizona
New Mexico
Oklahoma
Texas

Rocky Mountains:

Far West:

Other U.S. areas 5

0.0

1.6

1.6

1.5

0.0
(*)

(*)

0.0

1.6

1.5

0.0

1.7

1.7

0.0

0.0

1.8

1.7

0.1
(*)

0.1

0.1

0.0

0.0

0.1

0.1

0.0

0.0

1.6

1.6

1.5

0.0

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
(*) Fewer than 50 employees.
1. Statistics include all full-time and part-time employees on payroll and exclude contract workers and other workers not carried on payroll of the U.S. business enterprise.
2. Statistics are shown for the state in which the newly acquired, established, or expanded U.S. business enterprise is located. If the U.S. business enterprise operates in
more than one state; it is the state where the largest number of employees are based; if there are no employees it is the state of incorporation of the U.S. business enterprise.
3. Current employment includes the employment of the acquired, established, or new facilities of expanded affiliates at the time the transactions occurred or the investments
4. Planned employment consists of the current employment of acquired enterprises, the planned employment of established business enterprises once they are fully
operating, and the planned employment associated with the new facilities of expanded business enterprises once they are fully operating.
5. "Other U.S. areas" consists of the U.S. Virgin Islands, Guam, American Samoa, and all other outlying U.S. areas.
NOTE. Size ranges are given in employment cells that are suppressed. The size ranges are: A-1 to 499; F-500 to 999; G-1,000 to 2,499; H-2,500 to 4,999; I-5,000 to 9,999;
J-10,000 to 24,999; K-25,000 to 49,999; L-50,000 to 99,999; M-100,000 or more.
Source: U.S. Bureau of Economic Analysis