KILDEER, IL—Last year, combined reshoring and foreign direct investment (FDI) announcements surged, adding more than 171,000 jobs to the U.S. economy. That figure represents 90 percent of the 189,000 total manufacturing jobs added in 2017, claims the Reshoring Institute.

“[We attribute this] huge increase to anticipation of greater U.S. competitiveness due to expected corporate tax and regulatory cuts following the 2016 election, “ says Harry Moser, president of the Reshoring Initiative. “Similar to the previous few years, FDI continued to exceed reshoring in terms of total jobs added, but reshoring has closed most of the gap since 2015.