International Business

We’re in it for the long term.

By investing in a broader international footprint, we’ve ensured that Tennessee is firmly entrenched in the new global economy.

The Volunteer State is home to 918 foreign-based establishments that have invested over $33.3 billion in capital and employ more than 123,000 Tennesseans. And Tennessee continues to proactively identify and recruit new foreign direct investment (FDI) into the state in addition to increasing Tennessee exports. Our state has offices courting foreign direct investment in Japan, Germany, Italy, and China, with new ones opening in 2017 in other markets throughout the word. We work closely with our federal partners to promote exports which totaled more than $32 billion in 2015. This investment demonstrates Tennessee's commitment to competing globally for business and jobs, not something most states can claim.

In 2015 alone, the Tennessee Department of Economic and Community Development projects accounted for 42 commitments from foreign-owned businesses that created 7,815 jobs and $2.25 billion in capital investment. This FDI accounted for nearly 30 percent of all Tennessee’s new jobs committed last year and over one-third of all capital investment committed in the state. These major foreign projects included Japanese-owned Nissan North America, Inc. (1,000 new jobs, $160 million investment), Spanish-owned FICOSA North America (550 new jobs, $57.9 million capital investment),  Spanish-owned Gestamp Corporation (510 new jobs, $180.1 million capital investment), and Denso Manufacturing Tennessee (500 new jobs, $400 million capital investment).

We believe in high expectations, low debt and a pro-business regulatory environment. Tennessee is proud to be a right-to-work state with no personal income tax on wages. Our state and local tax burdens are some of the lowest in the country. We have the lowest debt per capita, and our state budget operates with a healthy surplus.

# Top Exported Products:
Commodity NAICS 2011 2012 2013 2014 2015
Total Exports:   $30,016,116,443 $31,142,980,349 $32,473,718,590 $33,257,871,243 $32,596,500,403
Medical Equipment & Supplies 3391 $3,046,307,650 $3,202,360,376 $3,602,531,490 $3,406,632,704 $3,339,417,440
Motor Vehicle Parts 3363 $2,790,067,404 $2,741,871,083 $2,862,640,312 $3,111,605,611 $3,127,467,048
Motor Vehicles 3361 $1,247,172,225 $1,581,324,590 $2,252,857,725 $2,796,122,989 $2,708,473,539
Computer Equipment 3341 $2,061,060,110 $2,202,283,964 $2,146,811,789 $2,311,148,752 $2,206,006,151
Basic Chemicals 3251 $2,136,570,345 $2,151,077,190 $2,146,216,533 $2,155,683,523 $1,869,400,427
Navigational, Measuring, Electromedical and Control Instrument 3345 $1,333,403,162 $1,548,601,541 $1,556,372,744 $1,594,212,612 $1,804,195,682
Resin, Synthetic Rubber, Artificial & Synthetic Fibers/Filaments 3252 $1,683,896,286 $1,718,124,809 $1,839,048,397 $1,861,216,483 $1,733,967,339
Aerospace Products & Parts 3364 $1,222,639,771 $1,232,159,056 $1,264,839,747 $1,290,032,883 $1,358,831,695
Engines, Turbine and Power Transmission Equipment 3336 $945,138,883 $893,918,366 $825,702,544 $881,463,724 $980,881,943
Other Agricultural Products 1119 $1,168,104,441 $969,881,693 $813,049,454 $562,542,975 $739,029,117
# Top Ten Countries for Tennessee FDI:
Foreign Country Capital Investment Number of Companies Tennessee Employment
Japan $17,803,072,945  184 49,104
Germany $5,235,823,085 102 13,850
Canada $2,357,150,016  74 7,497
United Kingdom $1,417,931,919  110 9,810
Korea $998,177,000  10 1,610
Italy $841,725,889  38 3,219
France

$801,943,406 

73 6,840
Switzerland $607,187,279 46 4,446
Sweden $576,186,500  34 6,775
China $457,738,684 16 1,363

$32.3 billion

in commodities were exported in 2013 from Tennessee, an increase of more than 24.5% over just three years prior.

Denso Manufacturing
Volkswagen

#4

in the Southeast and #14 in the U.S. for total exported products.

#2

in the country in exports of Software, NESOI with nearly $75 million in 2013, trailing only California.
Hankook Tire

Exports to Tennessee’s ten largest export markets topped $23 billion in 2013, an increase of 34.1% from 2010, outpacing the percentage growth for all countries.

Beretta USA