Employment at Foreign-Owned Companies (FOC) in PA

These graphs show the importance of foreign-owned companies to job creation in the Commonwealth. Foreign-owned companies tend to provide high wages because they are typically in high-tech, research-based industries. The presence of foreign-owned companies in a region may also attract other foreign firms, both within and outside of the same industry, ultimately creating more jobs for Pennsylvanians. (<a href="https://www.brookings.edu/blog/the-avenue/2016/01/14/does-the-foreign-in-foreign-direct-investment-matter/">Brookings</a>) For the visualization, we define “foreign-owned companies” referring to the definition of “majority-owned U.S. affiliate” given by BEA (<a href="https://www.bea.gov/help/glossary/us-affiliate">U.S. affiliate</a> and <a href="https://www.bea.gov/help/glossary/majority-owned-us-affiliate">Majority-owned U.S. affiliate</a>). A foreign owned company is defined as a U.S. business enterprise in which there is foreign direct investment (FDI) and the combined ownership of all foreign parents exceeds 50 percent. The FDI into Pennsylvania has been creating job opportunities in multiple industries, including manufacturing, wholesale trade, retail trade, information, finance and insurance, real estate and rental and leasing, scientific & technical services, and manufacturing industry takes the largest proportion among them. Source: <a href="https://www.bea.gov/international/di1fdiop">U.S. Bureau of Economic Analysis - Foreign Direct Investment</a>