Norwegian companies create 51,000 jobs in the US
The Norwegian business delegation is led by Minister of Trade and Industry Cecilie Myrseth and organised by us at Innovation Norway. This week's meeting places for Norwegian and American businesses in Minneapolis and New York coincide with Crown Prince Haakon's visit to the United States to mark the 200th anniversary of Norwegian emigration to the country.
A recent report by Menon, commissioned by us, finds that Norway's largest multinational companies support 51,000 jobs in the US. Hydro, Wilhelmsen, DNV and Kongsberg Gruppen are among the leading companies on the list.
The large companies directly support 22,000 jobs, while a further 29,000 jobs are supported indirectly through goods and services from US suppliers and subcontractors.
- 'These figures show that Norwegian companies have established a strong foothold in the US market, and that exports to the US support employment in both Norway and the US. The US is an important market for Norway, and during this visit we see significant opportunities in areas including health technology and the defence industry,' says CEO Håkon Haugli.
Earlier this week in Minneapolis, we brought together Norwegian and American companies in the health and defence sectors. The event showcased promising new partnerships, including Norwegian company Storm Adapt's agreement with General Motors to supply components for the US automotive giant's off-road vehicles.
Another example is health technology company Dossier Solutions signing an agreement with Mayo Clinic to strengthen its digital platform for competence management in the healthcare sector.
Norwegian exports to the US account for 5.6% of Norway's total exports, of which 70% are goods. The remaining 30% are services, which are not subject to US tariffs.
The Crown Prince opened the event in New York
In New York, the business programme included healthcare companies, maritime businesses, the manufacturing industry and the tourism sector.
Crown Prince Haakon opened the business programme together with Minister of Trade and Industry Cecilie Myrseth, bringing Norwegian and American companies together to discuss opportunities for collaboration.