BERC ‘Global Commerce’
report shows increasing investment dollars from overseas
MURFREESBORO, Tenn. — Nearly 7,000 new jobs were created across Tennessee by 20 foreign
firms in 2015, while fourth quarter Tennessee export losses were significantly
smaller than the overall national decline in exports.
These are among
the findings of the new “Global Commerce” report by the Business and Economic
Research Center at Middle Tennessee State University, which highlights both
foreign direct investment and trade trends in Tennessee. The latest report
highlights potential strengths and weaknesses of Tennessee’s trade dynamics
within the context of global economic trends.
“Tennessee has
been remarkably successful in attracting foreign investment in recent years. It
is a real plus given how slow economic growth has been not only nationally but
globally,” said Steven Livingston, the “Global Commerce” editor and BERC fellow
who has produced the quarterly report since the late 1990s.
Report
highlights include:
●
Foreign Direct
Investment trend: Up from 2014
●
Country
and number: Five new operations from China
●
Export
trend: 2.4 percent drop
●
Growth
areas: Electric battery parts
●
Declining
products: Cars with engines between 1500 and 2500 cc
●
Fastest
growing market: Sweden
“We will
continue to build on this excellent resource for Tennessee manufacturers, exporters
and leaders,” said Murat Arik, director of BERC.
About the MTSU Business and Economic Research Center (BERC)
BERC supports
the public service activities of the Jennings A. Jones College of Business. The
center engages in a variety of educational and research activities aiding
businesses, government, civic organizations, and other interested individuals in
understanding Tennessee’s economic and business climate. For more information,
please visit www.mtsu.edu/berc.
Contact:
Steven
Livingston, BERC Fellow and
Professor
Phone: 615-898-2720;
email: Steven.Livingston@mtsu.edu
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