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Canada Ranks as Fourth Largest Source of FDI in California

Tuesday, June 02, 2020

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World Trade Center Los Angeles has released its annual foreign direct investment (FDI) research, authored byMAPLE Business Council. This fifth edition includes data for the entire state for the first time. Overall the strength of Canada's investment in Southern California and across the entire state underlines the importance of our focus on recognizing and growing our economic ties together especially as we consider that California is the fifth-largest economy in the world.

On a state-wide basis, Canada ranks as the fourth-highest investing nation in California.

  • Top 5: Japan, the U.K., France, Canada, Germany
  • Canadian FDI accounts for 61,841 jobs, which is 8.5% of all FOE jobs in California 
  • Over 1500 Canadian establishments identified
  • Jobs employed by Canadian establishments have an annual payroll of nearly $6 billion ($5,932)
  • Key sectors include manufacturing, professional/business services, financial activities, wholesale and retail trade

In the 10-county Southern California region, Canada continues to rank as the fourth-highest investing nation. 

  • Top 5: Japan, the U.K., France, Canada, Germany
  • Canadian FDI accounts for 45,142 jobs, which is 9.8% of all FOE jobs in SoCal
  • Over 1000 Canadian FOE establishments identified (note that 67% of Canadian establishments in California are in SoCal)
  • 73% of all Canadian FOE jobs in California are in SoCal
  • Jobs employed by Canadian establishments have an annual payroll of nearly $4.5 billion ($4466)

In Greater California (defined in this report as the 23 counties that are outside of the Bay Area and SoCal):

  • Canada ranks second as an FDI source after the U.K. and ahead of France, Japan, and Germany
  • Canadian FOEs account for over 5k jobs and a $425m payroll

In LA County:

  • Canada ranks fourth after Japan, the U.K., and France, and ahead of Switzerland.
  • Canadian FOEs account for over 20k jobs and a $1.9B payroll

In the 15 county Bay Area:

  • Canada ranks sixth as an FDI source after Japan, the U.K., Switzerland, Germany, and France.
  • Canadian FOEs account for over 11k jobs, $1B payroll

Category: Economic News, International News

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