TN. ranked top for foreign direct investment
NASHVILLE, Tenn. (AP) - Tennessee has been ranked the top state in the nation for foreign direct investment job commitments in 2013.
That's according to the recently released 2014 Global Location Trends report.
The annual report from the IBM Institute for Business Value measured the number of jobs created by foreign-owned companies in each state during the 2013 calendar year. Following Tennessee in the rankings were Texas, Georgia and Ohio.
Tennessee is home to 864 foreign-based establishments that have invested over $30 billion in capital and employ more than 116,000 Tennesseans.
The state's top 10 countries for FDI include Japan, Germany, Canada, United Kingdom, South Korea, France, Italy, Switzerland, Sweden and Belgium.
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