New York ranks high in foreign investment

Andrew Green//July 22, 2016//

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Expenditures by foreign direct investors to acquire, establish or expand U.S. businesses totaled $420.7 billion in 2015, an increase of 68 percent from 2014, according to a report released July 13 by the Bureau of Economic Analysis. Among U.S. states, California was the preferred destination for foreign investors, receiving some $119 billion, or 28 percent of 2015 direct foreign investment. Texas received the second highest dollar totals, followed by North Carolina, Illinois and New York. The BEA report also shows that foreign investors plan to spend an additional $2.5 billion to complete and expand their 2015 New York acquisitions in the coming years.