U.S. investment monitor shows increase in business capital investment
Over 5,400 business investments were announced in 2015 and are expected to create or retain more than 402,000 jobs in the United States.
U.S. business investment projects accounted for $166 billion in capital investment in 2015, according to the EY 2016 US Investment Monitor (USIM), an annual report prepared by the Ernst & Young LLP Quantitative Economics and Statistics (QUEST) and Indirect Tax Incentives practices. Over 5,400 business investments were announced in 2015 and are expected to create or retain more than 402,000 jobs in the United States. Although the total amount of capital is $16 billion higher than the previous year, there was a 2% decrease in the total number of projected jobs.
"Many factors contribute to a company's decision to invest in a particular location, and awareness of industry trends, workforce development levels and the availability of state and local tax incentives can help businesses choose where to locate their mobile capital investments," says Andrew Phillips, principal, Ernst & Young LLP. "States should continue to find their competitive edge to attract a wide variety of investment types and maintain a healthy economy."
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