TRADED ANNUALLY $1.1 billion #5 France’s ranking for job creation by foreign companies A DEEP AND MUTUALLY BENEFICIAL RELATIONSHIP TENNESSEE 106 2020 ECONOMIC REPORT FRANCE AND THE UNITED STATES EMBASSY OF FRANCE IN THE UNITED STATES / ECONOMIC DEPARTMENT Trésor DIRECTION GÉNÉRALE Memphis Knoxville AMBASSADE DE FRANCE AUX ÉTATS-UNIS Liberté Égalité Fraternité 19,200 Jobs created by French companies = 1,000 jobs Chattanooga France’s contribution to FDI projects over the past 10 years 5% SELECTED FRENCH-AFFILIATED FIRMS IN TENNESSEE & France Non-exhaustive list based on publicly available information NASHVILLE Murfreesboro
Transcript
TRADED ANNUALLY$1.1 billion #5
France’s ranking for job creation by foreign companies
A DEEP AND MUTUALLY BENEFICIAL RELATIONSHIP
TENNESSEE
106 2020 ECONOMIC REPORTFRANCE AND THE UNITED STATES EMBASSY OF FRANCE IN THE UNITED STATES / ECONOMIC DEPARTMENT
France’s contribution to FDI projects over the past 10 years
5%
SELECTEDFRENCH-AFFILIATEDFIRMS IN TENNESSEE
& France
Non-exhaustive list
based on
publicly available information
NASHVILLE
Murfreesboro
2020 ECONOMIC REPORTFRANCE AND THE UNITED STATES 107
A success story in Tennessee
CEVA
CEVA logistics operates several large facilities at Mount Juliet, Tennessee, including a 1.4 million square foot facility which it operates on behalf of several major technology companies. The company employs more than 1,200 people and is one of the top three employers in Wilson County, where the Mount Juliet facility is based. In September 2019, CEVA Logistics launched a 458,000 square foot ecommerce multi-client center which, today, is completely occupied.
As part of its ongoing expansion plans, specifically in the growing area of omnichannel/ ecommerce the group aims to further expand its presence and workforce in Nashville with the opening of another facility in the same campus in 2021. This new facility is anticipated to be at a size of 500,000 sq ft and employing an additional 500 workers.
CEVA Logistics is part of the CMA CGM Group, a world leader in shipping and logistics with 23 years of presence in the United States. CMA CGM (including CEVA Logisitics) employs 11,700 people in the U.S. with a strong presence across the country.
Credit: CMA CGM/CEVA Logistics
TENNESSEE EXPORTS TO FRANCE$330 million
TENNESSEE IMPORTS FROM FRANCE
TENNESSEE & France
40% PHA
RMA
CEU
TIC
ALS
&
MED
ICA
L EQ
UIP
MEN
T
21% AG
RIC
ULT
URE
, FO
OD
, & B
EVER
AG
E
$808 million
20% CH
EMIC
ALS
5%M
ETA
LS &
MIN
ERA
LS
5%O
THER
11%
PHA
RMA
CEU
TIC
ALS
9%
MA
CH
INER
Y
13%
ELEC
TRO
NIC
S
French-American Chamber of CommerceAtlanta/Southeast— www.facc-atlanta.com
French Embassy Economic Departmentwww.frenchtreasuryintheus.org
