Benefits and Costs
The benefits of non- U. S. investment are similar in most respects to the benefits of any investment: increased employment, which generates new purchasing power, which stimulates added investment. Non-U. S. companies serve not only as employers, the linkage effects of their activities generate additional employment by suppliers, dealers, builders, shippers, financial institutions, and industrial consumers.
Most commentators concentrate on job creation by non- U. S. companies in manufacturing plants, but other sectors also provide jobs. Service activities are labor-intensive. The largest single non-U. S. investor in Florida in terms of employment is Grand Union, a retailer. It has been suggested that investment in land is not job-creating. Obviously, this is true of land speculation (except for employment in the offices of realtors, lawyers, tax accountants, and mortgage institutions). On the other hand, if a land investment is made for purposes of development, it provides jobs in the very labor-intensive construction industry; such investments furnish a significant source of employment in Florida.
While non- U. S. companies sometimes bring in foreign managers and technicians, they typically employ local workers. A large percentage of the non U. S.-owned facilities in Florida have no foreign employees from the parent