Haslam, Boyd plan journey to Germany
News release from Department of Economic and Community Development
NASHVILLE – Tennessee Gov. Bill Haslam and Economic and Community Development Commissioner Randy Boyd will travel to Germany from Oct. 31 to Nov. 4 in an effort to build and strengthen ties with the country’s business leaders as well as increase foreign direct investment opportunities (FDI) in Tennessee.
Tennessee ranked No. 1 nationally for job creation resulting from foreign direct investment in 2015, according to IBM-PLI’s 2016 Global Location Trends report.. Tennessee ranked No. 1 and No. 4 in IBM’s Global Local Trends report in 2014 and 2015, respectively.
…There are 103 German-owned companies in Tennessee that have invested nearly $5.3 billion throughout the state and employ almost 14,000 Tennesseans. Germany is the second-largest source of FDI in Tennessee, behind only Japan. FDI from German companies accounts for more than 15 percent of the total $33.4 billion that foreign-owned businesses have invested in Tennessee.
Note: This is a shortened version of the news release. The full release is HERE.
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