Consulate General of Japan in Detroit weighs in on Japan investing in the US.
Japan-based companies grew both facilities and employment in Ohio in 2017.
According to an annual survey by the Consulate General of Japan in Detroit, total employment at Japanese-owned companies in Ohio was up 4.9 percent to 77,073 workers from October 2016 to September 2017. Local residents hold 98 percent of those jobs.
Facilities owned by Japanese companies increased by two, to 484.
“I am particularly pleased to see Japanese job creation increasing annually,” Consul General Mitsuhiro Wada said in the report. “Japanese companies invest for the long-term in Ohio. They have remained committed through both economic expansions and downturns. In short, economic ties between Japan and Ohio are stronger than ever.”
Central Ohio accounts for 40 percent of that job breakdown, with 31,415 employees in 139 facilities. The bulk of that is in manufacturing, specifically auto manufacturing and more specifically Marysville-based Honda of America Manufacturing Inc. and its network of suppliers.
Manufacturing jobs account for 57 percent of the statewide figure.
Employment has grown 36 percent since the Great Recession and surpassed its pre-recession peak, in 2012.
The full report can be seen here.
This article was posted here for Columbus Business First.