Skip to main content

Foreign Firms

(PDF PDF icon)

Foreign firms operating in the U.S. play an important economic role in the nation and Fourth District states. The U.S. Department of Commerce classifies a firm as a U.S. affiliate of a foreign firm if at least 10% of the voting securities are controlled by a single foreign entity. In 1997, roughly 4% of all U.S. workers were employed by U.S. affiliates of foreign firms, up from about 3% of all workers in 1986.


Suggested citation: "Foreign Firms," Federal Reserve Bank of Cleveland, Economic Trends, no. 99-12, pp. 13-14, 12.01.1999.

Upcoming EventsSEE ALL