Returns to the USA
International Manufacturing is returning to the United States, and jobs are increasing despite the debate over tariffs and trade deficit. According to The Wall Street Journal, for the first time since 2008, the United States is once again the world’s most competitive economy. With a GDP of $20 trillion and a population of 325 million people, the United States offers the largest consumer market on Earth. Foreign Direct Investment (FDI) in the manufacturing industry totaled $1.6 trillion in 2017, boosting jobs to over 170,000 in United States manufacturing. With these stats, the United States is considered a world leader in manufacturing (selectusa.gov). The seven KBD Group offices around the U.S. deliver the resources, industry knowledge, and building experience to provide an exceptional range of services for our clients. In the past two years, KBD Group has assisted companies from Germany, China, South Korea, Japan, and many others.
As FDI shows great signs of improvement, many economic developers, as well as state and local officials, are revamping their strategies to attract the right companies and skilled workers to their communities. With government incentives being the most acclaimed motivating factor, education and skills training needs to be improved in almost all regions. The skilled workforce is the third driver of FDI into the United States. KBD Group partners with many colleges, economic developers, and site selection consultants to help companies find the right location to grow and expand their businesses.
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