EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Wednesday, July 12, 2017
Expenditures by Foreign Direct Investors for New Investment in the United States, 2014 – 2016
Blogger Note: Infographic insert for comparison to text release
Expenditures by foreign direct investors to acquire, establish, or expand U.S. businesses totaled $373.4 billion in 2016. Spending was down 15 percent from $439.6 billion in 2015, but was above the annual average of $350.0 billion for 2014-2015, and was well above the annual average of $226.0 billion for 2006-2008. As in previous years, expenditures to acquire existing businesses accounted for a large majority of the total. More details here > https://www.bea.gov/international/di1fdinew.htm With this release, the Bureau of Economic Analysis (BEA) is introducing new tables that present planned expenditures for greenfield investments—investments to either establish a new U.S. business or to expand an existing foreign-owned U.S. business—both as they were reported when the investment was initiated and as they were reported a year later.
In 2016
expenditures for acquisitions were $365.7 billion
expenditures to establish new U.S. businesses were $5.6 billion
expenditures to expand existing foreign-owned businesses were $2.2 billion.
Planned total expenditures, which include both first-year (2016) and planned future expenditures, were $387.7 billion. Expenditures by industry, country, and state in 2016 By industry, expenditures for new direct investment were distributed widely. Expenditures in manufacturing, $129.4 billion, accounted for more than one third of total expenditures, the largest share among major industries. Within manufacturing, expenditures were largest in chemicals, $64.7 billion. There were also notable expenditures in professional, scientific, and technical services ($59.1 billion) and in finance and insurance ($47.9 billion). By country of ultimate beneficial owner (UBO), a small number of countries accounted for most of the investment. The largest source country was Canada, with expenditures of $58.5 billion. There were also substantial expenditures from the United Kingdom ($54.5 billion), Ireland ($35.4 billion), and Switzerland ($34.9 billion). By region, about one-half of the new investment in 2016 was from Europe and nearly one-quarter was from the Asia and Pacific region. By U.S. state, the largest expenditures were for U.S. businesses in California ($64.7 billion), followed by Illinois ($41.3 billion). Greenfield expenditures Greenfield investment expenditures were $7.7 billion in 2016. Total planned greenfield expenditures for investment initiated in 2016, which include both first-year expenditures and planned spending in other years, were $22.0 billion. By U.S. industry, greenfield expenditures in 2016 were largest in real estate and rental and leasing at $1.6 billion, accounting for 21 percent of total greenfield expenditures. By U.S. state, greenfield expenditures in 2016 were largest in California ($1.3 billion) and New York ($1.2 billion). Employment by newly acquired, established, or expanded foreign-owned businesses In 2016, newly acquired, established, or expanded foreign-owned businesses in the United States employed 480,800 workers. 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 499,700. Current employment of acquired enterprises, a component of total planned employment, was 476,600. Among major industries in 2016, manufacturing accounted for the largest number of employees at 162,900, followed by retail trade (110,600). By country of UBO, Canada accounted for the largest number of employees at 105,900, followed by the United Kingdom (51,100) and China (49,400). By U.S. state, Florida accounted for the largest number of employees at 66,000, followed by California (60,000), and Texas (57,600). New Statistics on Planned and Actual Expenditures for Greenfield Investments With today’s release, BEA is introducing new statistics on planned expenditures for greenfield investments that were reported when the investment was initiated and updated a year later. These statistics can help answer questions about whether greenfield projects are completed and whether there are significant differences between planned and actual costs. The new statistics are presented by industry, country, state, and type of investment and are available on BEA’s web site.
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It’s sometimes assumed that talking too much about ourselves is rude; and asking questions of others is polite and charming. But the distinction is not quite so simple. There are far better and worse ways of speaking about ourselves. We end up charming when we dare to reveal our vulnerabilities to others
Request to pull Item 5-p from the Consent Agenda with Director of Downtown Transformation Jeff McVey called back to give a 30-sec elevator rap and comments made by Laurent Reichmann who states he is not speaking against the project [he stated he met Mr. Sprague a few days before] waiting for a so-called 'quality project' with a hotel and "luxury apartments" in a 15-story tower where no details or renderings have been presented. . . as it turns out "a private developer" - who remains un-named in public statements by Jeff McVey approached the city, not the other way around. He's focusing on micro-details while many months of negotiations are ahead with the MOU expiring in one year 5 vote in favor of the MOU [2 absent] in motion by D4 Chris Glover. More discussion of what can be a tricky "educational" using public dollars and philanthropic funds ??? Published on Jul 10, 2017 Views: 14 Duration: 1:05:37
Kevin Christopher does the usual fast-read of the Consent Agenda with no dollar-amounts in his public recitation of 13 pages . . . anyone else asking their district reps what amount of office-time each one has taken to read and understand the agenda . . . Any reasonable person would at the minimum ask a few questions. 16 Job Contract Awards 19 Resolutions to approve
Hard-to-believe that any city council in any city in the United States can fairly devote due diligence to the details in 13 job contract awards and ask questions [none asked as usual] and take the time and obligation to read and understand 19 Resolutions - informed consent ALL DONE IS A FAST 5 MINUTESAre these guys doing their jobs??? All suited-up . . . and a sketchy "review" of items on the agenda for the following regular meeting with 'several' items - and the usual very few questions. Noted that Item 7-a was taken off the Consent Agenda, with Mayor John Giles using the adjective 'great' to describe tentative plans for an above-market real estate development plan in response to an email from the organization RAIL regarding public access to the one-block north/south part of Drew Street between Main/First Avenue stating that instead of restricting public access whatever the developer has in mind will more likely activate public access. Nominations to Imagine Mesa committee quickly approved. Chris Brady has no information about future meetings - no council meetings until August 17th The agenda for this session can be seen in a previous post on the blog site - IT'S 13 PAGES Published: Mon 10 July 2017 Views: 4 Duration: 5:02
Sketchy overview of the study session's agenda
