Brookings ranks Nashville foreign-employment in top third

A Brookings Institution report shows the greater Nashville area ranks No. 34 nationally for total employment involving foreign-owned businesses.

The jobs and foreign investment report (read here), which assesses 100 large U.S. cities, calculates that in 2011, foreign companies employed about 32,200 Nashville workers, accounting for 4.8 percent of the metro statistical area’s private workforce.

However, the data shows a decline in recent years of Nashville’s employment rate related to area-based foreign-owned companies. In 1991, international businesses operating in the area accounted for 6 percent of total employment. By 2011, the figure had dropped to the aforementioned 4.8 percent. 

Brookings states the decrease is due to “increases in the number of jobs in [foreign-owned-entities not keeping] pace with rapid rates of job growth economy-wide.”