FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA

FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA FOREIGN DIRECT INVESTMENT S. Flower Street, 7th Floor, CA 97 www.laedc.org June The LAEDC Kyser Center for Economic Research and the LAEDC Institute for Applied Economics specialize in objective and unbiased economic and policy research in order to foster informed decision-making and guide strategic planning. Every reasonable effort has been made to ensure that the data contained herein reflect the most accurate and timely information possible and they are believed to be reliable. This report is provided solely for informational purposes and is not to be construed as providing advice, recommendations, endorsements, representations or warranties of any kind whatsoever. Economic Development Corporation. All rights reserved

SPECIAL ACKNOWLEDGMENT This research was made possible with the generous support of Supervisor Hilda L. Solis, JPMorgan Chase & Co., California State University Dominguez Hills, Japan Business Association, World Trade Center and the Consulate General of New Zealand in. FOREIGN DIRECT INVESTMENT

EXECUTIVE SUMMARY EXECUTIVE SUMMARY With the spread of globalization and international connectedness, nations engage in trade of goods and services, but also in foreign direct investment (FDI). This can take many forms, such as the direct purchase of an existing firm, investment into a joint venture with an entity in the destination nation, direct investment into a new venture, or construction and outfitting of a facility. and investors will seek to achieve the highest rate of risk-adjusted return on capital, and often this is found elsewhere than in the domestic economy. According to the United Nations Conference on Trade and Development (UNCTAD), global FDI flows reached to $.7 trillion in, the highest level of international capital flows since 7. estimated. million people were employed at foreign-owned enterprises in the United States, approximately. percent of national payroll employment. The largest source nation of FOE jobs in the U.S. is the United Kingdom, with more than one million workers in FOEs. Other large source nations include Japan, Germany, France and Canada, each with more than, FOE jobs. At the state level, California, with the highest number of FOE employees, accounted for. percent of all FOE employment in the United States. Of these, an estimated 9, FOEs are in with, employees and an estimated wage bill of $. billion. FOREIGN DIRECT INVESTMENT FDI flows to the U.S. alone were $8 billion in, the highest level since and making it the largest recipient nation. The number of employees of foreign-owned establishments (FOEs) is a way of measuring the value of foreign investments. In, the most recent year for which data is available, an EXHIBIT ES- Top FOEs by Source Nation FOE Japan 79,.7%, $,7.9 The majority of FOE jobs in can be attributed to a handful of countries, including Japan, the United Kingdom, Germany, France and Canada (Exhibit ES-). The distribution of FOE jobs by county is shown in Exhibit ES-. EXHIBIT ES- FOEs by Destination FOE 77,7 8.%,7 $,98 United Kingdom,9.%, $,.7 8,.%,8 $,7 Germany,9 8.9% 8 $,8.7,7.9%, $, France,8 8.9% $,99.,.% $99 Canada, 7.% 7 $,7.8,998.% $79 Switzerland,78.8% 7 $,9.,8.7% 9 $8 7 Ireland,.% $,.,.% 9, $,9 8 Netherlands,.9% 97 $,.7 9 Sweden Australia All Others,.8% 9 $. 7,.% 9 $., 7.%, $,9.,.% 9, $,9. FOEs have a much larger impact than the direct jobs they provide. This includes firms in the supply chain of FOEs and the household spending of employees paid wages and salaries by FOEs. The overall number of jobs that are impacted by foreign- owned establishments is the sum of jobs along this entire chain, and the FOE Impact Intensity is the share of all payroll jobs that are supported by FOEs, including direct, indirect and induced jobs. In, the FOE Impact Intensity is 8. percent, meaning 8. percent of all jobs in are supported by FOEs. As a region with robust connections to the global economy, FDI and foreign-owned establishments will continue to play an important role in.

FOREIGN DIRECT INVESTMENT

FOREIGN DIRECT INVESTMENT TABLE OF CONTENTS EXECUTIVE SUMMARY - INTRODUCTION 8. Global FDI Inflows. FDI and FOE in the United States. FOE in California. Methodology and Limitations. FOE Impact Intensity 9 FOREIGN DIRECT INVESTMENT - SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT. s. FOEs in by. FOE by Source Nation - FDI DESTINATION COUNTIES 7 8 - SOURCE NATIONS No. Japan No. United Kingdom No. Germany No. France No. Canada No. Switzerland No.7 Ireland No.8 Netherlands No.9 Sweden No. Australia No. Republic of Korea No. Taiwan 7 8 9 No. China No. Mexico No. Luxembourg No. Israel No.7 Spain No.8 India No.9 Italy No. Belgium No. Hong Kong No. New Zealand No. Singapore No. Finland 7 8 9 7

7 FOREIGN DIRECT INVESTMENT

INTRODUCTION INTRODUCTION FOREIGN DIRECT INVESTMENT With increasing globalization and international connectedness, nations engage in trade of goods and services, but also in capital flows. These can involve central banks, as they purchase foreign government obligations to manage their currency and reserves, but private capital flows, or foreign direct investment, represent a significant share of cross-border monetary transactions. It can take many forms, such as the direct purchase of an existing firm, investment into a joint venture with an entity in the destination nation, direct investment into a new venture, or construction and outfitting of a facility. and investors will seek to achieve the highest rate of riskadjusted return on capital, and often this is found elsewhere than in the domestic economy. Where once most such investments occurred in developed nations, such as the United States or the countries of Europe, the share of foreign direct investment (FDI) into developing nations has increased significantly over time as more investment opportunities become accessible. 8

INTRODUCTION:. GLOBAL FDI INFLOWS INTRODUCTION GLOBAL FDI INFLOWS According to the United Nations Conference on Trade and Development (UNCTAD), global FDI flows reached to US $.7 trillion in, an increase of percent over the previous year. This is the highest level of international capital flows since 7. Growth in capital flows to developed economies was still responsible for most of the overall FDI growth in, receiving percent of global FDI, with the United States the recipient of percent alone. Cross-border mergers and acquisitions were responsible for the lion s share of the increase in capital flows in, while greenfield investments remained relatively constant over. Corporate reconfigurations also figured prominently in the value gain in capital flows over last year however, much of this flow occurred on financial statements, with little in terms of real asset exchange. EXHIBIT - Global FDI Inflows in ($billions) ws in Transition Economies $ % Global FDI Inflows: US$ $.7 Trillion Developed Economies: US$ $ 9 Billion percent share of total United States $8 % Developing Economies $7 % Other Developed Economies $ % Source: UNCTAD FOREIGN DIRECT INVESTMENT 9

INTRODUCTION:. FDI AND FOE IN THE UNITED STATES INTRODUCTION FDI AND FOE IN THE UNITED STATES FOREIGN DIRECT INVESTMENT The United States has many qualities that have made and continue to make it an attractive market for foreign capital investment. Its established legal framework and its relatively stable economic and political environments reduce the risk profile of investments into the U.S. Foreign investors are also drawn to the large consumer market an attractive target for firms in developed and developing countries alike seeking to increase their exports through establishing a presence, either by investing in an existing American firm or by establishing a new firm. UNCTAD estimates that FDI flows to the U.S. reached $8 billion in, the highest level since and making it the largest recipient. Second-ranked Hong Kong received $ billion, followed by China, which received $ billion. The level of a foreign entity s investment in a domestic firm is an indicator of the amount of control the foreign investor has over the enterprise. In FDI-related statistics monitored by the U.S. Bureau of Economic Analysis (BEA), foreign-owned enterprises (FOE) are identified as those in which the foreign ownership stake is at least ten percent, whether in the in the form of direct management or equity stake. The BEA provides estimates of the number of employees at FOEs as a way of measuring the value of foreign investments. This data is available at national and state level. In, the most recent year for which data is available, an estimated. million people were employed at foreign-owned enterprises in the United States, representing approximately. percent of total payroll employment nationally. The largest source country for FOE employment in the U.S. is the United Kingdom, with more than one million workers in establishments owned by entities headquartered in the U.K. Other large source countries include Japan, Germany, France and Canada, each with more than, jobs in their FOEs. At the state level, California, with the highest number of FOE employees, accounted for. percent of all FOE employment in the United States. This was followed by Texas, accounting for 8. percent and New York, with.7 percent. These rankings are not unexpected as these three states are also the largest in terms of population and overall employment. EXHIBIT - Global FDI Inflows: Top Host Economies FDI inflows in ($billions) United States Hong Kong, China China Netherlands United Kingdom Singapore India Brazil Canada France FOE Employment. million jobs California Texas New York Pennsylvania Illinois Florida Michigan Ohio Georgia North Carolina $ $ $9 $8 $ $9 $ $ $ EXHIBIT - U.S. FOE Employment by Source (thousands) Switzerland.9 7.% employment in thousands Rest of World,. 9.% $8 Global FDI Inflows in : US$.7 Trillion U.S. is % of World Source: UNCTAD United Kingdom,9.7.9% Canada. 9.% EXHIBIT - Top States by Share of U.S. FOE Employment Other European 89.7.% Germany..% France 7. 9.% Japan 8..% Source: BEA..%.8 8.%.7.7% 9.7 87..8.9.8%.7%.%.% Top Ten States Combined:. 8.9.7.8%.%.% 7, employees % of U.S. FOE Source: BEA

INTRODUCTION:. FOE IN CALIFORNIA INTRODUCTION FOE IN CALIFORNIA With almost. million payroll employees in, the, FOE employees, while comprising over ten percent of total U.S. FOE employment, represent only.7 percent of total payroll employment in the state. EXHIBIT - Payroll Employment in California in Employment FOE.% CA FOE :, emp CA :. million emp Non-FOE 9.9% Source: BEA The relative share of FOE employment in California by source country has remained largely unchanged since 7. Japan is the largest source of FOE employment in the state, followed by the United Kingdom. These two countries respectively represented 9. percent and. percent of total FOE employment in California in. France, Germany and Switzerland round out the top five sources of FOE employment in California, followed by Canada and the Netherlands. EXHIBIT - California FOE Employment by Source (In thousands) s) FOE Employment All Sources:, jobs Top 7 Source s: 7, jobs 7 percent of total ployment by Source Netherlands..% Canada 9..% Germany.7.% France.9.% Rest of World.9.8% United Kingdom 9.7.% Switzerland..% Japan. 9.% Source: BEA FOREIGN DIRECT INVESTMENT

INTRODUCTION:. METHODOLOGY AND LIMITATIONS INTRODUCTION METHODOLOGY AND LIMITATIONS FOREIGN DIRECT INVESTMENT The remaining sections of this report will look more closely at both FDI and FOEs at the county level. This type of data at the county level is not published by the BEA, hence other sources of data are consulted here. The primary data source used in this analysis is Dun & Bradstreet (D&B). This private provider of firm level data provides local employment estimates for entities with ultimate ownership in a foreign nation. The data was retrieved in January of. Exhibits showing FOE jobs from 99 through used data generously provided by the Brookings Institution. While this report uses the broad term foreign direct investment, it should be noted that the D&B data does not indicate whether the domestic firm was acquired by a foreign entity, or whether it was a firm that was newly established with a foreign investment. Nor does it indicate when the investment (whether acquisition or greenfield) may have occurred. Hence the estimated jobs cannot be interpreted as the result of foreign investment in the current year. Rather, the terminology used herein refers to jobs of foreign-owned enterprises, or FOE jobs, where the share of foreign ownership meets the ten percent threshold. Further, it should not be assumed that FOE jobs are dependent on foreign investment or have been created by foreign investment as it cannot be concluded that the absence of such investment would have meant the loss of these jobs. To supplement FOE data and provide some understanding of actual new foreign investment at the county level, data assembled by the Financial Times organization in its fdi Markets reports were used. As there is no public recording of actual foreign investments, The Financial Times offers a disclaimer indicating that while it employs best efforts to capture details on foreign investments made in the United States, there is no consistent public recording of all investments made by foreign entities and individuals, thus the data is likely not comprehensive.

INTRODUCTION:. FOE IMPACT INTENSITY INTRODUCTION FOE IMPACT INTENSITY Foreign-owned enterprises employ domestic residents. The number of such direct employees is a metric to demonstrate the value of foreign investment in domestic firms, and these have been quantified in the discussion above. Yet the larger impact of foreign ownership includes firms in the supply chain of FOEs and the household spending of employees paid wages and salaries by FOEs. These are called indirect and induced impacts, respectively, and are estimated using tools and data that trace the connections between firms, supply chains and workers. The overall number of jobs that are impacted by foreign-owned establishments, therefore, is the sum of jobs along this entire chain. For each source nation, this total number of jobs supported by that nation s FOEs in is provided. FOREIGN DIRECT INVESTMENT At the county level, the total number of jobs supported by FOEs in that county is shown in terms of FOE Impact Intensity, which is the share of all payroll jobs in the county that are supported by FOEs, including direct jobs that work for an FOE and the indirect and induced jobs that are supported through the FOE supply chains and the household spending of FOE-related employees.

SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT FOREIGN DIRECT INVESTMENT SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT The six-county region includes the counties of,,, San Bernardino, and. Foreign direct investment (FDI) occurs across all six counties in the region. investment and estimated employment in foreign-owned enterprises (FOE) for the region is discussed below. This section is followed by graphical snapshots of the region and of its six individual component counties. These are followed by snapshots of the level of participation in of the top source nations, measured by FOE employment.

SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT:. SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT New investments, as opposed to acquisitions or mergers, are commonly termed greenfield. They are associated with a larger economic impact than acquisitions are these are mostly a transfer of existing assets. According to fdi Intelligence, a product of the Financial Times, there were,9 greenfield projects worldwide in with investments totaling $7 billion, an increase of nine percent over the previous year. In the United States, greenfield investment in reached $9. billion. Japan is the largest source of new investments in Southern California, investing $.8 billion between and and generating an estimated,78 jobs. Germany was second, investing $.9 billion, followed by China ($.8 billion) and the United Kingdom ($. billion). Over the period, received almost $ billion in greenfield investment, generating 7, jobs. EXHIBIT - - SoCal by Source EXHIBIT - Number of Projects: Top U.S. States Country Japan $,8..%,78 California New York Texas Florida Georgia North Carolina Ohio Massachusetts TN $.8.% AL $.7.9% OH $..7% 8 8 CA $..8% 7 9 N.America:,7 projects Top Eight States: 8 projects EXHIBIT - FDI : Top U.S. States in North America ($billions) N. America: $8.8 billion Top Eight States: $. billion. percent of total FL, $., 7.% n TX, $7.,.9% Source: FDI Markets California is the state with the largest number of greenfield FDI projects, recording projects in, more than second-ranked New York and third-ranked Texas. In terms of investment, California received $. billion in, less than Florida ($. billion), Texas ($7. million) and New York ($8.8 billion). The reader is reminded that the data may not have captured all foreign investment; in particular, smaller projects that, although small, may have been many in number. ions) LA $..% Rest of N. America, $.,.8% NY, $8.8,.8% Source: FDI Markets Germany China U.K. France Australia Italy Spain South Korea Switzerland Other $,9..%,87 $,8..%,8 $,8..8%,78 $,..%,899 $,7. 7.%, $,7..8%,7 $98..%,77 $979..%,8 $9..%,8 $,8. 8.% 8, Within, received $.7 billion in greenfield investment between and, accounting for 7 percent of all greenfield investment in the region. This was followed by ($. billion), ($.9 billion) and ($. billion). investment data for individual destination counties and by source country in the Southern California region is presented in the snapshots that follow this section. EXHIBIT - - SoCal by Destination $9,8..% 7, Source: FDI Markets $,7.9 7.%,7 $,7.9.%,8 $,89..%,98 $,97..%, $77.7.%,9 $..% 8 $9,..% 7, Source: FDI Markets FOREIGN DIRECT INVESTMENT

SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT:. FOES IN SOUTHERN CALIFORNIA BY COUNTY SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT FOES IN SOUTHERN CALIFORNIA BY COUNTY FOREIGN DIRECT INVESTMENT There are an estimated 9, foreign-owned enterprises (FOEs) in with, employees and an estimated wage bill of $. billion. The bulk of FOEs are located in, which hosts,7 FOEs representing 8. percent of the regional total, and more than twice as many firms as, which is ranked second with,8 FOEs. also leads in terms of the number of FOE jobs in the region, with 8. percent of regional FOE employment. again follows with 8, FOE jobs, followed by with,998. The estimated annual wage bill of FOEs in each destination county was estimated using county average wages paid in each industry. This assumes that wages paid in FOEs reflect the county industry average. EXHIBIT - FOEs by Destination FOE 77,7 8.%,7 $,98 8,.%,8 $,7,7.9%, $,,.% $99,998.% $79,8.7% 9 $8,.% 9, $,9 Sources: Dun & Bradstreet, CA EDD, LAEDC Analysis annual payroll in FOEs in accounted for half of the regional total, followed by and. In terms of industry sector, almost percent of FOE jobs, or,7, are in manufacturing, the sector with the most FOE jobs. Professional and business services held, FOE jobs, or percent of all FOE jobs. Wholesale trade held the third position, with 8, jobs. These top three industry sectors represent 9 percent of all FOE jobs in the region.

SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT:. FOE BY SOURCE NATION SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT FOE BY SOURCE NATION The majority of FOE jobs in can be attributed to a relative handful of countries, including Japan, the United Kingdom, Germany, France and Canada. The top ten source nations account for 8 percent of total FOE jobs and 7 percent of FOEs. The estimated annual wage bill of FOEs for each source country was estimated using average wages paid in each industry, in each county. This assumes that wages paid in FOEs reflect the regional industry average. annual payroll in FOEs for the top ten source countries accounted for 8 percent of total estimated annual payroll at FOEs in the region. Japan and the United Kingdom, the two largest source countries, accounted for 7 percent of the estimated annual wage bill in the region, with percent and percent, respectively. FOREIGN DIRECT INVESTMENT 7

SOUTHERN CALIFORNIA AND FOREIGN INVESTMENT:. FOE BY SOURCE NATION The following pages provide snapshots for the top source countries in ranked by the number of FOE jobs. Summary data for these nations are shown below. EXHIBIT - FOEs by Source Nation Source Nation FOE Employment Per Firm Ave Wage Per Emp Japan United Kingdom Germany France Canada Switzerland Ireland Netherlands 79,.7%, $,7.9. $,,9.%, $,.7 8. $,,9 8.9% 8 $,8.7 9. $7,9,8 8.9% $,99..7 $,, 7.% 7 $,7.8. $,,78.8% 7 $,9. 7.8 $8,,.% $,.. $,,.9% 97 $,.7 78. $7, FOREIGN DIRECT INVESTMENT Sweden Australia Republic of Korea Taiwan China Mexico,.8% 9 $. 79. $,8 7,.% 9 $.. $7,9 7,.% $.7. $9,8 7,7.% $8.. $7,7,.8% $. 8. $7,,87.% 7 $99..7 $,8 Luxembourg Israel Spain India Italy Belgium Hong Kong New Zealand Singapore Finland Rest of World,87.% $.. $8,8,7.% $8. 9. $,9,7.% 9 $.8. $7,9,88.8% 8 $.. $7,,77.7% $9. 8. $,8,8.7% $. 8.8 $9,99,7.% 8 $.7. $,,.% $..7 $,98,99.% $. 8. $,9 9.% $. 9.8 $,79 7,98.% $9..7 $,,.% 9, $,9. $,9 8

9 FOREIGN DIRECT INVESTMENT

FDI DESTINATION COUNTIES SOUTHERN CALIFORNIA FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS, 9, FOEs BY SOURCE NATION FOE Japan United Kingdom Germany France Canada 79,.7%, $,7.9,9.%, $,.7,9 8.9% 8 $,8.7,8 8.9% $,99., 7.% 7 $,7.8 $.B FOE IMPACT INTENSITY 8.% of all jobs in Southern California (direct, indirect and induced) are supported by FOEs 7 8 9 Switzerland Ireland Netherlands Sweden Australia All Others,78.8% 7 $,9.,.% $,.,.9% 97 $,.7,.8% 9 $. 7,.% 9 $., 7.%, $,9.,.% 9, $,9.

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-, 8,,, 9,,,, * is the most recent year available from this data source * is the most recent year available from this data source Source: Brookings Institution : 7,8 FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of,87 $8.,7 $.,,7 $,789.,9 8, $,.,, $,.,78 $,8. 9 7,7 $,7.,9 8,77 $,9.,7, $,778.,9 $. 7, $.9,97 $., $.8 9,.%,.% $,9..% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN SoCal - $9.B GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions) 9.. 8. 87. 7. 9.. 7.7 8.7 Country Japan China France Australia Italy All Others $,8.%,78 $,8.%,8 $,98.%,7 $,9 7.%,9 $,8.%, $,88.% 9,9 $9,.% 9,

FDI DESTINATION COUNTIES LOS ANGELES COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS 7 7,7 8. FOE jobs in,7 8. FOE firms in FOEs BY SOURCE NATION 7 FOE Japan United Kingdom Switzerland Germany France Canada Netherlands,.7%, $,8.8,.7% $,7., 9.% 8 $,., 8.% 7 $87.9,99 8.% $9.,8.% 8 $8.,7.8% 87 $. $.9B FOE IMPACT INTENSITY 8.% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Ireland Sweden Australia All Others,7.% 9 $.,8.7% 9 $9.,.% $9. 9,97.8%,7 $,8. 77,7.%,7 $,98.

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-,,,,, : 9,8 * is the most recent year available from this data source * is the most recent year available from this data source Source: Brookings Institution FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of 7 9 $9.,777 $.9 8 8,8 $,9. 79,8 $,8. 98,9 $.9 7, $89., $,7. 9,8 $,99.7 7, $,77. 8, $. 8, $9.8 78,8 $77. $.,7.% 77,7.% $,98.% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN LOS ANGELES COUNTY - $.7B GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions),9.8 97.9. 7. 8.,9.,9. 87.9 7. 99.,8.,.9,9.8 Country China Japan France Australia Italy All Others $,7 9.%,97 $,9 7.% 7,7 $,7 9.%,88 $,98 8.%,9 $9.%, $,77.%, $,7.%,7

FDI DESTINATION COUNTIES ORANGE COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS 8, FOE jobs in,8 9.9 FOE firms in FOEs BY SOURCE NATION 7 FOE Japan United Kingdom Ireland Germany France Canada Switzerland 8,77.% 9 $,.7,98.% $88.8 7,89 9.% $9. 7,7 9.% 8 $8. 7,88 9.% $.,.% $78.,7.7% 77 $. $.7B FOE IMPACT INTENSITY.% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Israel Taiwan India All Others,8.% $.8,.% 9 $87.,8.% $.,.% $98. 8,.%,8 $,7.

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-, 7,,, * is the * most is recent the most year recent available year available from this from data this data source Source: Brookings Institution : 78,8 FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of 97 $7.8,9 $8. 7,8 $,9. 7,8 $,.7 98 8,7 $. 8,9 $7. 7, $89. 7, $., $,9. 7, $77.,777 $.7 78 $7. 7 $.,8.% 8,.% $,7..% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN ORANGE COUNTY - $.B GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions) 8 88. 9. 98. 8. 7...,9..7.9. 9. 77. Country France Italy Japan Australia Switzerland All Others $7.%,89 $ 9.%,7 $ 7.%,7 $8.9% 87 $.%, $,7 7.%, $,97.%,

FDI DESTINATION COUNTIES SAN DIEGO COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS,7.9 FOE jobs in,.7 FOE firms in FOEs BY SOURCE NATION 7 FOE United Kingdom Japan Ireland Germany Canada Netherlands France,.% 8 $9., 9.% 9 $.,88 8.9% 7 $.9,8 8.% $., 7.9% $.,.% $.,.9% 8 $8. $.B FOE IMPACT INTENSITY 7.% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Switzerland Republic of Korea Sweden All Others,77.8% $89.,87.% 9 $99.9,77.% 9 $8.7,8 % 97 $.,7.%, $,.9

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-, 7,,, * is the most * recent is the most year recent available year available from this from data this source data source Source: Brookings Institution : 8,7 FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of $. 8 8 $7.7,8 $,7. 9,99 $8.8 9,9 $.7, $7. 7, $. 8, $9. 8, $79.8,7 $.,99 $. 8 77 $. 8 8 $.8,.%,7.% $,.9.8% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN SAN DIEGO COUNTY - $.9B GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions) 8 8.. 8.9 7.8 9. 8.,7.. 7.. 7. 8.8 8. Country Japan France Germany Canada Spain All Others $, 7.% 9 $7 9.% 89 $99 7.7% $7.8% 9 $7.% $,79.%,9 $,89.%,98 7

FDI DESTINATION COUNTIES SAN BERNARDINO COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS,. FOE jobs in 7. FOE firms in FOEs BY SOURCE NATION 7 FOE Japan Canada France Germany United Kingdom Mexico Sweden,9 9.% 8 $79.7,789.% 8 $.,7.% $7.8,7 7.% $7., 7.% 8 $7. 977.8% $.7 98.% $7. $.9B FOE IMPACT INTENSITY.9% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Switzerland Australia Ireland All Others 89.% 9 $.8 7.7% 7 $. 8.% $.,8 8.% 77 $7.9,.% $99. 8

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-,,,,,, * is the * most is recent the most year recent available year available from this from data this source data source Source: Brookings Institution :,8 FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of 7 $.9 $. 8, $97., $8. 8,7 $8.,9 $7.8 8 $. 7 $8.8,79 $8. 9 $. 7 7 $.7 $..% - - -,.% $99..% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN SAN BERNARDINO COUNTY - $77MM GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions)..7.. 8. 9....9.7.9 Country Australia Japan France Hong Kong Germany All Others $ 9.%,89 $.% 7 $79.% $ 8.% 9 $.7% 9 $.7.% 79 $77.7.%,9 9

FDI DESTINATION COUNTIES RIVERSIDE COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS,998. FOE jobs in. FOE firms in FOEs BY SOURCE NATION 7 FOE Germany Japan United Kingdom Switzerland Canada Sweden France,.% 9 $.,.% 9 $.,7.% 8 $8,.% 9 $8.,87 9.9% 7 $7.,8 9.% $8.,.% $7. $.8B FOE IMPACT INTENSITY.% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Spain Ireland Belgium All Others 98.% $. 8.% $..% $.,8.% $9.,998.% $79.

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-8,,, 9,,, :,87 * is the * most is recent the most year recent available year available from this from data this source data source Source: Brookings Institution FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of $.9 9, $7.8 89 7,8 $.9 9,7 $8.8, $. 9 97 $. 8 79 $. 7,9 $9. 7, $.9 $. 8 $. $..9% - - -,998.% $79..% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN RIVERSIDE COUNTY - $.B GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions)..7 87..8.,9...9 8. 8. 7. Country Germany France Italy Australia Japan All Others $,.% 7 $.9% 9 $8.% 8 $.7%,7 $.7% 89 $.% 89 $,7.%,8

FDI DESTINATION COUNTIES VENTURA COUNTY FOREIGN-OWNED ENTERPRISES (FOEs) FOREIGN DIRECT INVESTMENT FOE JOBS,8.7 FOE jobs in 9.7 FOE firms in FOEs BY SOURCE NATION 7 FOE France Japan Netherlands United Kingdom Germany Sweden Canada,88.% 7 $8.,8.% 7 $.,98.% $.,88.7% $.,8.7% $8.7 7.% $..7% 9 $9.7 $.9BB FOE IMPACT INTENSITY 8.% of all jobs in the county (direct, indirect and induced) are supported by FOEs 8 9 Republic of Korea Belgium Mexico All Others 8.% $7. 8.% $..% $.9,7 9.% 78 $8.,8.% 9 $8.8

FDI DESTINATION COUNTIES FOE EMPLOYMENT 99-,, 9,,, * is the * most is recent the most year recent available year available from this from data this source data source Source: Brookings Institution :,7 FOEs BY INDUSTRY SECTOR Sector Natural Resources Construction Wholesale Trade Retail Trade Transp, Warehousing, Utilities Information Financial Activities Prof / Business Services Education / Health Care Leisure / Hospitality Other Services Public Administration % of 9 $. 8 $. 8,9 $., $. 87, $8. $.9 9 8 $9.7 79 $9.,8 $9. $.9 $. $. 9.% - - -,8.% $8.8.% Sources: Dun & Bradstreet, CA EDD, BLS; LAEDC analysis FOREIGN DIRECT INVESTMENT INVESTMENT IN VENTURA COUNTY - $MM GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY SOURCE - $(millions) 7..9.. 8.. Country France Germany Netherlands Japan Sweden All Others $89.% 7 $7 9.% $ 7.% 8 $.9% $.% $..% $..% 8

SOURCE NATIONS NO. JAPAN FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 8, includes direct, indirect & induced jobs DIRECT FOE JOBS 79,.7 FOE jobs in,.8 FOE firms in $,7.9MM FOREIGN DIRECT INVESTMENT JAPANESE FOE JOBS BY SECTOR Wholesale Trade Retail Trade Financial Activities Information JAPAN S INVESTMENT IN SoCal -, 8, 9,8 $.8B 9, 9,8 -,,,,, JAPANESE FOEs BY DESTINATION COUNTY FOE,.9%, $,8.8 8,77.% 9 $,.7,.% 9 $.,9.9% 8 $79.7,.7% 9 $.,8.7% 7 $. 79,.%, $,7.9 $ millions GREENFIELD INVESTMENT -,,, 8,.9.8 8.7. 8. 7. 8,. 9 77.....7.8 Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Japanese $,9..% 7,7 $,..8% 9 $9.8.8%,7 $..% 7 $..% 89 $.9.% $,8..%,78

SOURCE NATIONS NO. UNITED KINGDOM FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS, includes direct, indirect & induced jobs DIRECT FOE JOBS,9. FOE jobs in,. FOE firms in $,MM UK FOE JOBS BY SECTOR Prof/Business Services Transp, Warehousing, Utilities Retail Trade Wholesale Trade UNITED KINGDOM S INVESTMENT IN SoCal -,,7 7,,8 $.B,79 -, 8,,, UK FOEs BY DESTINATION COUNTY FOE, 7.% $,7.,98.% 8 $88.8,.% 8 $9,7.% 8 $7.,88.9% $8,.8% $.,9.%, $,.7 FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 87.. 9.9 8..7 7 8 9. 8. 9. 8.9..9 Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - UK $,8..%, $7..9%,7 $8..%,7 $..% 9 $..% $..% $,8..%,78

SOURCE NATIONS NO. GERMANY FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 7,77 includes direct, indirect & induced jobs DIRECT FOE JOBS,9 8.9 FOE jobs in 8 9. FOE firms in $,8MM FOREIGN DIRECT INVESTMENT GERMAN FOE JOBS BY SECTOR Retail Trade Prof/Business Services Wholesale Trade Education/Healthcare,87,879,77 GERMANY S INVESTMENT IN SoCal - 7,9,8 -,,, $.B GERMAN FOEs BY DESTINATION COUNTY FOE, 7.% 7 $87.9 7,7.7% 8 $8.,8.% $.,.% 9 $.,7.8% $7.,8.% $8.7,9.% 8 $,8.7 $ millions GREENFIELD INVESTMENT -,,,,, 79. 7. 9...7. 7 8,. 9 8.. 78.8. 7. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - German $,.7 7.% 7 $8..%, $98. 8.% $..% $..% 9 $7..8% $,..%,7

SOURCE NATIONS NO. FRANCE FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 7,88 includes direct, indirect & induced jobs DIRECT FOE JOBS,8 9. FOE jobs in.7 FOE firms in $,99MM FRENCH FOE JOBS BY SECTOR Prof/Business Services Leisure/Hospitality Transp, Warehousing, Utilities Information FRANCE S INVESTMENT IN SoCal -,7,9,77, $.99B,88 -,,, FRENCH FOEs BY DESTINATION COUNTY FOE,98.% $9. 7,88.% $.,.% 8 $8.,88 8.9% 7 $7.,7 8.% $7.8,.% $8.,8.% $99. FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 9.7 9..8. 7. 7..8. 8 9 9..7.9 78. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - French $,7..%,88 $..8% 9 $.8.%,89 $7.9.% 89 $89..% 7 $79..7% $,98..%,7 7

SOURCE NATIONS NO. CANADA FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 9, includes direct, indirect & induced jobs DIRECT FOE JOBS, 7. FOE jobs in 7 8. FOE firms in $,77MM FOREIGN DIRECT INVESTMENT CANADIAN FOE JOBS BY SECTOR Prof/Business Services Financial Activities Wholesale Trade Retail Trade CANADA S INVESTMENT IN SoCal -,,77,,,7 -,,, 8, $79MM CANADIAN FOEs BY DESTINATION COUNTY FOE,7.% 8 $8.,.8% $78.,.% $.,789.% 8 $.,87.% 7 $7..9% 9 $9.7,.% 7 $,7.8 8 $ millions GREENFIELD INVESTMENT - 8.7 79.7.. 7. 7.9.8. 8. 8 9.8 8.. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Canadian $..7%,8 $7. 9.9% 9 $7. 9.8% 78 $7. 7.% 8 $79..%,8

SOURCE NATIONS NO. SWITZERLAND FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 9, includes direct, indirect & induced jobs DIRECT FOE JOBS,78 7. FOE jobs in 7. FOE firms in $,9MM SWISS FOE JOBS BY SECTOR Financial Activities Prof/Business Services Wholesale Trade Retail Trade 7 SWITZERLAND S INVESTMENT IN SoCal -,,7 8,,9 -,,, 8,,, $9MM SWISS FOEs BY DESTINATION COUNTY FOE,.% 8 $,.,77.7% $89.,77.% 77 $.,.% 9 $8. 89.% 9 $.8 7.7% $.,78 8.% 7 $,9. FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT -.9. 7 9..8 7.9 9.. 8 9.. 88. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Swiss $98.7.%,7 $..%, $8. 9.% $..% $9..%,8 9

SOURCE NATIONS NO. 7 IRELAND FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 8,978 includes direct, indirect & induced jobs DIRECT FOE JOBS,.7 FOE jobs in.7 FOE firms in $,MM FOREIGN DIRECT INVESTMENT IRISH FOE JOBS BY SECTOR Wholesale Trade Retail Trade Prof/Business Services Public Admin. 8 IRELAND S INVESTMENT IN SoCal -,989,,88, (,), 9,, $9MM IRISH FOEs BY DESTINATION COUNTY FOE 7,89 8.% $9.,77 8.% 9 $.,88.% 7 $.9 8.% $. 8.% $..% 7 $9.7,.% $,. GREENFIELD INVESTMENT -.7 GREENFIELD INVESTMENT BY DESTINATION - Irish 8.8 $.9.8% $ millions 7 8 9.8.7. Source: FDI Markets $.8.% $.7.9% $9..%

SOURCE NATIONS NO. 8 NETHERLANDS FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,8 includes direct, indirect & induced jobs DIRECT FOE JOBS,.9 FOE jobs in 97. FOE firms in $,7MM DUTCH FOE JOBS BY SECTOR Prof/Business Services Financial Activities Retail Trade Leisure/Hospitality NETHERLANDS INVESTMENT IN SoCal - 8,7,8,9 $MM, -,,,,,,,,, DUTCH FOEs BY DESTINATION COUNTY FOE, 7.% 87 $.,.% $.,98.% $.,.% $. 9.% $. 9.% $.,.% 97 $,.7 FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 8. 8.. 7 9. 8.. 8 9 77..9 9.. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Dutch $. 7.9% 77 $7..% $8. 8.% 7 $9.8.9% 8 $..%,

SOURCE NATIONS NO. 9 SWEDEN FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 7, includes direct, indirect & induced jobs DIRECT FOE JOBS,.9 FOE jobs in 9. FOE firms in $MM FOREIGN DIRECT INVESTMENT SWEDISH FOE JOBS BY SECTOR Prof/Business Services Construction Retail Trade Information 9 88 78, SWEDEN S INVESTMENT IN SoCal -,88 -,,, 8, $8MM SWEDISH FOEs BY DESTINATION COUNTY FOE,88 7.% 9 $9.,77 7.% 9 $8.7,8.% $8. 98 9.% $7. 7.% $. 7.% 8 $.8,.% 9 $. $ millions GREENFIELD INVESTMENT - 8. 9. 8. 7..7 8. 8 9 8. 8.9.8 9. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Swedish $7.8.7%, $. 7.9% 78 $79. 9.% $9..8% 7 $..% $8.8.%,7

SOURCE NATIONS NO. AUSTRALIA FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 7,7 includes direct, indirect & induced jobs DIRECT FOE JOBS 7,. FOE jobs in 9. FOE firms in $MM AUSTRALIAN FOE JOBS BY SECTOR Prof/Business Services Financial Activities Wholesale Trade Leisure/Hospitality AUSTRALIA S INVESTMENT IN SoCal - 8,7 $.9B,,7 -,,,,9 AUSTRALIAN FOEs BY DESTINATION COUNTY FOE,.% $9.,79.7% 8 $. 7.% 7 $..% $. 9.% 8 $8. 87.% $. 7,.% 9 $. FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 9 8 7 8.. 7..9. 7 8 9 99. 9. 9. 8.8 8. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Australian $,97.8.7%,9 $..%,89 $8..% 87 $. 7.%,7 $8.8.9% $,9..%,9

SOURCE NATIONS NO. REPUBLIC OF KOREA FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,997 includes direct, indirect & induced jobs DIRECT FOE JOBS 7,. FOE jobs in. FOE firms in $MM FOREIGN DIRECT INVESTMENT SOUTH KOREAN FOE JOBS BY SECTOR Wholesale Trade Transp, Warehousing, Utilities Retail Trade Leisure/Hospitality SOUTH KOREA S INVESTMENT IN SoCal - 8 7,8,99 $89MM,97 -,,,, SOUTH KOREAN FOEs BY DESTINATION COUNTY FOE,.% $7.9,87.8% 9 $99.9,88.% $. 99.% $.9 8.% $7..9% $. 7,.% $.7 $ millions GREENFIELD INVESTMENT - 8.7 9..8 7 8.7 8. 8. 8.. 8 9.8. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Korean $8..%,88 $7..%,7 $. 7.% 9 $..% 8 $.8.8% $89..%,7

SOURCE NATIONS NO. TAIWAN FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 7,7 includes direct, indirect & induced jobs DIRECT FOE JOBS 7,7. FOE jobs in. FOE firms in $9MM TAIWANESE FOE JOBS BY SECTOR Wholesale Trade Prof/Business Services Financial Activities Transp, Warehousing, Utilities TAIWAN S INVESTMENT IN SoCal - 9 $98MM,9, -,,,, TAIWANESE FOEs BY DESTINATION COUNTY FOE,777.% $.9,.% 9 $87. 7.7% $. 9.% 9 $..8% $..% $. 7,7.% $8. FOREIGN DIRECT INVESTMENT GREENFIELD INVESTMENT - $ millions.8..9 9.8 GREENFIELD INVESTMENT BY DESTINATION - Taiwanese $..% $8.9 9.% $..%. 7 8 9.. Source: FDI Markets $..% $98..% 7

SOURCE NATIONS NO. CHINA FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,77 includes direct, indirect & induced jobs DIRECT FOE JOBS,.8 FOE jobs in.9 FOE firms in $.MM FOREIGN DIRECT INVESTMENT CHINESE FOE JOBS BY SECTOR Information Wholesale Trade Prof/Business Services Financial Activities CHINA S INVESTMENT IN SoCal - 7 89, $.8B,7,7-8,,,,,8 CHINESE FOEs BY DESTINATION COUNTY FOE,89 9.7% 7 $79., 9.% 9 $99. 7 8.9% $. 8.7% $8..% $7..8% 7 $.9,.% $. $ millions GREENFIELD INVESTMENT - 8.9 9..8 7 9....9 8 9,.,. 8.9 Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Chinese $,.8 97.7%,97 $..9% $..% $.7.% 89 $,8.9.%,8

SOURCE NATIONS NO. MEXICO FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,9 includes direct, indirect & induced jobs DIRECT FOE JOBS,87. FOE jobs in 7. FOE firms in $99MM MEXICAN FOE JOBS BY SECTOR Retail Trade Wholesale Trade Prof/Business Services Financial Activities 78 MEXICO S INVESTMENT IN SoCal - 7,, -,,,, $88MM MEXICAN FOEs BY DESTINATION COUNTY FOE,8.8% 8 $7.8 977 8.% $.7.% 9 $. 9.% 8 $.8.8% $.9 8.% $.,87.% 7 $99. FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 9 8 7 9... 7 8 9.9. 9. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Mexican $7. 9.%, $..% $..9% $87.8.%,8 7

SOURCE NATIONS NO. LUXEMBOURG FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 9,87 includes direct, indirect & induced jobs DIRECT FOE JOBS,87. FOE jobs in. FOE firms in $MM FOREIGN DIRECT INVESTMENT LUXEMBOURG FOE JOBS BY SECTOR Retail Trade Wholesale Trade Leisure/Hospitality Information 9 LUXEMBOURG S INVESTMENT IN SoCal - 7,7 $MM,77-8,,,,,8, LUXEMBOURG FOEs BY DESTINATION COUNTY FOE,8 8.9% $8.,.% $9. 87 8.% 9 $..% $9..% $.8.% 9 $.,87.% $. 8 $ millions GREENFIELD INVESTMENT - 8 7 7.8 7 8 9.9. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Luxembourg $7.8.8% 8.9.% 9..8% 9 $.8.% 7

SOURCE NATIONS NO. ISRAEL FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS, includes direct, indirect & induced jobs DIRECT FOE JOBS,7. FOE jobs in. FOE firms in $8MM ISRAELI FOE JOBS BY SECTOR Financial Activities Prof/Business Services Wholesale Trade Transp, Warehousing, Utilities ISRAEL S INVESTMENT IN SoCal - 78,9 -,,,, $797MM ISRAELI FOEs BY DESTINATION COUNTY FOE,8.% $.8,7 7.% $8.8 7 8.% 7 $8.8.8% $. 9.7% $..% $.,7.% $8. FOREIGN DIRECT INVESTMENT $ millions GREENFIELD INVESTMENT - 8 7... 7 8 9. 9.8 9.8. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Israeli $77.9 9.8% $.7.% $..8% 78 $797.7.% 9

SOURCE NATIONS NO. 7 SPAIN FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS 8,77 includes direct, indirect & induced jobs DIRECT FOE JOBS,7. FOE jobs in 9. FOE firms in $MM SPANISH FOE JOBS BY SECTOR SPANISH FOEs BY DESTINATION COUNTY Financial Activities, FOE FOREIGN DIRECT INVESTMENT Education/Healthcare Wholesale Trade Construction 99, - 8,,,9 98 7 9 8 8.%.%.9% 9.7%.7%.9% 7 9 7 $99. $. $. $9. $. $.8,7.% 9 $.8 SPAIN S INVESTMENT IN SoCal - $97MM $ millions GREENFIELD INVESTMENT - 8. 9. 9.8. 7 9.8.7.8.9 9 8 9.7 9. 9. Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Spanish $7. 8.8%,7 $..9% 78 $7..% $9.8.% 8 $.7.% $97..%,78

SOURCE NATIONS NO. 8 INDIA FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,9 includes direct, indirect & induced jobs DIRECT FOE JOBS,88.8 FOE jobs in 8.9 FOE firms in $MM INDIAN FOE JOBS BY SECTOR Prof/Business Services Information Wholesale Trade Retail Trade Financial Activities 9 9 7 INDIA S INVESTMENT IN SoCal - -,,, $MM,9 INDIAN FOEs BY DESTINATION COUNTY FOE,8.% $. 9.% $78.9.9% 9 $..% $..% $.7 9.% $.7,88.% 8 $. FOREIGN DIRECT INVESTMENT GREENFIELD INVESTMENT - $ millions 8 7. 7.... 9. GREENFIELD INVESTMENT BY DESTINATION - Indian $ 9. 8.%,7 $8. 8.7% $.8.%,87 Source: FDI Markets

SOURCE NATIONS NO. 9 ITALY FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,9 includes direct, indirect & induced jobs DIRECT FOE JOBS,77.8 FOE jobs in. FOE firms in $99.7MM FOREIGN DIRECT INVESTMENT ITALIAN FOE JOBS BY SECTOR Leisure/Hospitality Retail Trade Financial Activities Wholesale Trade ITALY S INVESTMENT IN SoCal - 79 7 $.8B 9-8, ITALIAN FOEs BY DESTINATION COUNTY FOE,.% $. 7 9.% $.9 8.7% $8. 8.% $7.7.9% 7 $. 8.% $.,77.% $9.7 $ millions GREENFIELD INVESTMENT -. 9. 9...9.9 7.8 98.8 8. GREENFIELD INVESTMENT BY DESTINATION - Italian $9. 8.%, $..9%,7 $8..7% 8 9. 7. $7. 8.% 8 $,8..%, Source: FDI Markets

SOURCE NATIONS NO. BELGIUM FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,7 includes direct, indirect & induced jobs DIRECT FOE JOBS,8.7 FOE jobs in. FOE firms in $MM BELGIAN FOE JOBS BY SECTOR Wholesale Trade Prof/Business Services Transp, Warehousing, Utilities Other Services BELGIUM S INVESTMENT IN SoCal - 87 8 $9MM, -,, BELGIAN FOEs BY DESTINATION COUNTY FOE 79 9.9% $..% $. 7.7% 7 $8.8 9.% 9 $ 8.9% $. 9 7.% $9.,8.% $. FOREIGN DIRECT INVESTMENT GREENFIELD INVESTMENT - $ millions 8 7.7 7.... Source: FDI Markets GREENFIELD INVESTMENT BY DESTINATION - Belgian $7. 7.8% 9 $8.9 9.8% $.8.% $..% $9..%

SOURCE NATIONS NO. HONG KONG FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS, includes direct, indirect & induced jobs DIRECT FOE JOBS,7. FOE jobs in 8.9 FOE firms in $.7MM FOREIGN DIRECT INVESTMENT HONG KONG FOE JOBS BY SECTOR 79 Wholesale Trade Financial Activities 9 Prof/Business Services Transp, Warehousing, Utilities 7-7 8 9 HONG KONG FOEs BY DESTINATION COUNTY FOE,9.% $98.9 98.% $.9 7.% $. 7.% $.9.% $..7% $.,7.% 8 $.7 HONG KONG S INVESTMENT IN SoCal - GREENFIELD INVESTMENT - $ millions 7 8.8 $8.MM. 9. 9.7 GREENFIELD INVESTMENT BY DESTINATION - Hong Kong $9. 9.% $..9% 9 $..9% 9 $..9% 9.. $8..% 7 Sources: Source: FDI FDI Markets Markets

SOURCE NATIONS NO. NEW ZEALAND FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,8 includes direct, indirect & induced jobs DIRECT FOE JOBS,. FOE jobs in. FOE firms in $MM NEW ZEALAND FOE JOBS BY SECTOR Transp, Warehousing, Utilities Wholesale Trade Prof/Business Services Information,8 9 -,, NEW ZEALAND FOEs BY DESTINATION COUNTY FOE 9.7% $. 7.7% 9 $. 9 7.% $. 8 7.% $7..% $.9 - - - -,.% $. FOREIGN DIRECT INVESTMENT NEW ZEALAND S INVESTMENT IN SoCal - $79MM GREENFIELD INVESTMENT - $ million) 8 7. 7 9.. 9...9. GREENFIELD INVESTMENT BY DESTINATION - New Zealand $7. 9.% 7 $..% $.9.% $79..% 8 Source: FDI Markets

SOURCE NATIONS NO. SINGAPORE FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,8 includes direct, indirect & induced jobs DIRECT FOE JOBS,99. FOE jobs in. FOE firms in $MM SINGAPOREAN FOE JOBS BY SECTOR 97 SINGAPOREAN FOEs BY DESTINATION COUNTY FOE FOREIGN DIRECT INVESTMENT Wholesale Trade 7 Prof/Business Services 7 Transp, Warehousing, Utilities 8 Financial Activities - 8,,88 8 9 -.7% 8.%.7%.7%.% - 7 7 - $8. $. $. $.7 $. -,99.% $. SINGAPORE S INVESTMENT IN SoCal - $MM $ millions 8 GREENFIELD INVESTMENT - 8.9... GREENFIELD INVESTMENT BY DESTINATION - Singaporean $..% 87 $..% 87 $..% 9 $9.9.% Source: FDI Market

SOURCE NATIONS NO. FINLAND FOREIGN-OWNED ENTERPRISES (FOEs) TOTAL FOE JOBS,88 includes direct, indirect & induced jobs DIRECT FOE JOBS 9. FOE jobs in. FOE firms in $MM FINNISH FOE JOBS BY SECTOR Other Services Prof/Business Services Natural Resources Public Admin. 7 7 9-7 FINNISH FOEs BY DESTINATION COUNTY FOE 7 78.8% $. 78 8.% $.9.8% $.8.8% $..% $..% $. 9.% $.7 FOREIGN DIRECT INVESTMENT FINLAND S INVESTMENT IN SoCal - $8MM GREENFIELD INVESTMENT - GREENFIELD INVESTMENT BY DESTINATION - $ millions.7...8..8 Finnish $.9 8.7% $. 8.% $8..% Source: FDI Markets 7