Nearly 21,000 Georgians have jobs thanks to investment from the Netherlands and the state’s exports to the country, according to a new report compiled by the Dutch Embassy in Washington.
At the end of 2011, Dutch-owned firms had invested more than $1.9 billion into assets in the state including property, plants and equipment, supporting 15,100 jobs. Georgia sold $621 million worth of goods to the country in 2011, supporting 5,888 jobs.
Machinery topped the list of diverse export categories, accounting for 27.3 percent of the total, followed by computers and electrical equipment (22.4 percent), transportation equipment (15.9 percent), chemicals (12.5 percent) and others.
Unlike with some other partners, Georgia’s trade relationship with the Netherlands is relatively balanced. It imported $625.9 million in Dutch goods, with chemicals leading the way at 27.3 percent of the total value.
The U.S.-Netherlands Partnership report gives a snapshot of the economic ties binding the countries, complete with profiles of each state. Ranking No. 12 in the nation, Georgia trailed only Florida and Louisiana in number of jobs supported by Dutch investment, but it outpaced the rest of the region in total value of Dutch FDI.
At the national level, the Netherlands is the No. 1 destination for U.S. investment, with American firms parking $595 billion in the small but influential European economy during 2011.
That number may be deceptive, since holding companies account for the 77 percent of the total, according to the U.S. Bureau of Economic Analysis. Still, it shows the value of the Netherlands as a conduit for U.S. funds and goods into Europe. Amsterdam has a major cargo airport, while Rotterdam has the continent’s largest seaport.
The embassy report lists Dutch companies with operations in Georgia and provides profiles of firms like TenCate Inc., which makes protective fabrics, among others.
It also notes that 83,082 Americans of Dutch descent are living in Georgia.
The report is similar to one recently issued by the United Kingdom to show the country’s impact on the U.S., including Georgia.
For more on Dutch ties with the state, visit http://economicties.org/all-states/GA.html
For the Georgia Department of Economic Development‘s list of Dutch facilities in Georgia, visit http://georgiafacts.org/international?countries=Netherlands.