Five maps illustrate foreign investment in ArkansasDecember 20, 2018
Nearly 300 foreign-owned companies have found a home in Arkansas, from a wide cross-section of industries. As of November this year, the total is 293 (see Figure 1). These companies are subsidiaries of foreign enterprises, also referred to as parent or primary companies. These foreign-owned companies range from retail, manufacturing, and technology, to service providing, just to name a few. Some of the largest companies include Dassault Falcon Jet Corporation and L’Oreal from France, ASEA Brown Boveri (or ABB) from Switzerland, O.K. Foods Inc. from Mexico, and Nucor-Yamato Steel Company from Japan. Please read the full list and map (Figure 2) for more details of the companies.
Figure 1: Counts of foreign-owned companies in Arkansas
Figure 2: Map of foreign investment in Arkansas (downloadable PDF version)
Overall, according to data released in fall 2017, approximately 48,100 workers are employed by foreign-owned firms, and more than 60 percent of the jobs are in manufacturing. Japanese-owned companies employ the most workers, followed by Swiss-owned companies (see Figure 3).
Figure 3: Top 10 foreign-owned company parent countries by employment in Arkansas
We also highlighted investments made by companies from four countries: Japan, Germany, United Kingdom and France, with individual maps (see Figure 4). The reasons for selecting these countries are: 1) These countries have made the most investments in Arkansas, with the highest amount of parent companies that are involved; 2) AEDC’s historical international marketing-focused area covers these countries; and 3) AEDC currently has foreign offices in Japan, Germany and China, and the highlighted countries are in proximity to these local offices.
Between 2010 and 2015, Arkansas’ foreign direct investment (FDI) employment increased 34 percent, compared to the state’s overall private-sector employment increase rate of only 5.2 percent. As of January 2018, according to this report, FDI contributes to about 3.4 percent of the state’s total private industry employment.
“I am pleased that Arkansas is a national leader in FDI growth,” said Governor Asa Hutchinson. Arkansas continues to draw global attention as an attractive destination for business. Please get in touch with AEDC’s international business development team to learn more how about the pro-business climate in the Natural State can benefit your business.