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Telecom Giants Top List Of Companies Investing In U.S.

A person walks past a Verizon Store on Feb. 3, 2011, in Orem, Utah. Reports show Verizon and AT&T are the top-2 companies investing in the U.S.(George Frey)

July 13, 2012

AT&T and Verizon top a list of 25 major companies investing in the United States, according to a report released by the Progressive Policy Institute.

The think tank named its top 25 "investment heroes" that are spending resources domestically.The list of non-financial companies also includes tech and telecom giants such as Intel, IBM, Comcast, Time Warner, Sprint, Google, and Apple.

Tech companies like Apple have faced scrutiny over their outsourcing policies as domestic joblessness remains high. Other companies have cited their relative economic strength and contributions to the broader economy as reasons why lawmakers should be hesitant to impose new regulations on issues like privacy, cybersecurity, or antitrust.

Google, for example, claims it provides $80 billion of economic activity for the United States and the Internet company's top lobbyist, Susan Molinari, says she is taking a message of job creation to Capitol Hill. "There's no one who doesn't want to talk about creating jobs," she told National Journal in a recent interview.

The PPI researchers analyzed and ranked the 2011 U.S. capital spending of non-financial U.S.-based companies. Some of the top companies, including AT&T, Verizon and the cable companies, have few if any operations overseas, the report notes.

"Many companies are investing overseas rather than in the United States. Multiple layers of regulation, even if well-intentioned, have the impact of discouraging capital investment and innovation," the report's authors wrote. "That's why PPI wants to highlight those companies that are still investing domestically in buildings, equipment, and software."

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