Foreign Direct Investment in NYC

Last Friday the Partnership for New York City released a report Foreign Direct Investment: Bringing the Benefits of Globalization Back Home. It is the first attempt to measure the economic impact of foreign owned businesses in New York City. The report estimates that $58 billion or more than 10% of the city's economic product is the result of FDI. One in twenty jobs are held by FDI employees. They report the city is a globalization winner.