THE UNITED STATES & FRANCE 2019 ECONOMIC REPORT A relationship driving job creation, growth and innovation in all U.S. fifty states EmbassyEmbassy of of France France in inthe the U.S. United States EconomicEconomic Department Department FOREWORD As French Minister for the Economy and Finance, it is my pleasure to introduce the 2019 edition of the France-U.S. economic report. The economic relationship between the United States and France has always been a key pillar of the unbreakable bond between our two nations, which is built upon shared historical heritage as well as common values like liberty and democracy. Alongside the tremendous political, scientific, millitary and cultural ties that unite us, our economic partnership has proven over the years to be both deep and mutually beneficial. Beyond the $129 billion traded annually between our countries, French and American companies have invested over $400 billion on each other’s soil, sharing their expertise, technology and values in various manufacturing and services industries, and above all supporting over 1.2 million jobs. BRUNO LE MAIRE When French companies invest abroad, they do it first and foremost in the United States, supporting close to 730,000 jobs, in all fifty states, therefore creating opportunities for thousands of French Minister for the communities. Economy and Finance This third edition of the France-U.S. economic report greatly illustrates the multiplicity of dimensions that form our economic ties and their impact on the ground. All of the facts presented in this document reach the same conclusion: the French-American economic relationship is one of the world’s greatest examples of joint value creation. In a time of debate over the role of global trade and international economic ties, the publication of the France-U.S. economic report serves as a useful reminder of the mutual benefit of preserving and deepening our extraordinary transatlantic relationship. Copyright All rights of reproduction reserved, except with the express authorization of the Economic Department of the French Embassy. (Contact: [email protected]) Disclaimer The Economic Department of the French Embassy is using the most comprehensive and accurate information and will correct, insofar as possible, any errors that may be indicated. However, it cannot be responsible for the use and interpretation of the information contained in this publication. TABLE OF CONTENTS 2019 Highlights ................................................................ ....................................... 1 Minnesota ...................................................................................................................... 68 The French-American economic relationship .......................................................... 3 Mississippi ...................................................................................................................... 70 Trade .................................................................................................................... 4 Missouri .......................................................................................................................... 72 Investment ........................................................................................................... 8 Montana ......................................................................................................................... 74 Jobs .................................................................................................................... 10 Nebraska ........................................................................................................................ 76 Innovation .......................................................................................................... 12 Nevada ........................................................................................................................... 78 Aerospace .......................................................................................................... 14 New Hampshire .............................................................................................................. 80 Communities ...................................................................................................... 16 New Jersey ..................................................................................................................... 82 State Profiles ............................................................................................................. 19 New Mexico.................................................................................................................... 84 Alabama ............................................................................................................. 20 New York ........................................................................................................................ 86 Alaska ................................................................................................................. 22 North Carolina ................................................................................................................ 88 Arizona ............................................................................................................... 24 North Dakota .................................................................................................................. 90 Arkansas ............................................................................................................. 26 Ohio ................................................................................................................................ 92 California ............................................................................................................ 28 Oklahoma ....................................................................................................................... 94 Colorado ............................................................................................................. 32 Oregon............................................................................................................................ 96 Connecticut ........................................................................................................ 34 Pennsylvania................................................................................................................... 98 Delaware ............................................................................................................ 36 Rhode Island ................................................................................................................. 100 District of Columbia ........................................................................................... 38 South Carolina .............................................................................................................. 102 Florida ................................................................................................................ 40 South Dakota ................................................................................................................ 104 Georgia ............................................................................................................... 42 Tennessee .................................................................................................................... 106 Hawaii ................................................................................................................ 44 Texas ............................................................................................................................ 108 Idaho .................................................................................................................. 46 Utah .............................................................................................................................. 112 Illinois ................................................................................................................. 48 Vermont ....................................................................................................................... 114 Indiana ............................................................................................................... 50 Virginia ........................................................................................................................ 116 Iowa ................................................................................................................... 52 Washington ................................................................................................................. 118 Kansas ................................................................................................................ 54 West Virginia ................................................................................................................ 120 Kentucky ............................................................................................................ 56 Wisconsin ..................................................................................................................... 122 Louisiana ............................................................................................................ 58 Wyoming ...................................................................................................................... 124 Maine ................................................................................................................