The Representative of German Industry and Trade (RGIT) retained Content First to produce its first state-by-state analysis of the economic impact of German investment in the United States by employment, capital stock investment, and the level of exports from each state to Germany.
RGIT released Facts About German-American Investment and Trade in April 2008 to provide an overview of key U.S. and German investment and trade statistics. The 2006 data showed German-owned companies supported 655,000 jobs in the United States, representing 13 percent of all jobs supported by foreign affiliates.
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- German-owned affiliates created well-paid American jobs with an average annual compensation per worker of $73,500.
- German business supported jobs in every state with Michigan, California, New York, Pennsylvania, and Ohio as the top ranked states by employment supported by the operations of U.S. subsidiaries of German-owned companies.
- German-owned subsidiaries led in capital stock investment and research and development expenditures
- Germany was America’s 6th largest export market at nearly $50 billion.
Content First also produced two annual comprehensive reports for RGIT the first in 2005 and a second report in 2007 on the benefits of German investment on the U.S. economy, German Business Matters.
RGIT released German Business Matters in March 2007 to provide policymakers, the press, and the public with objective statistics on the importance of German investment to each state. The 2004 data showed that German-owned companies supported nearly 670,000 jobs in the United States, representing 13 percent of all jobs supported by foreign affiliates. German Business Matters provides an overview of employment by all 50 states.