Archive for the ‘SelectUSA’ Category

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Registration Opens for the 2016 SelectUSA Investment Summit

January 8, 2016

This post contains external links. Please review our external linking policy.This post originally appeared on the Department of Commerce blog.

Post by Vinai Thummalapally

The United States continues to be the premier investment destination for entrepreneurs and investors from all around the world. International companies are serious about committing to the U.S. market, evident by the overwhelmingly positive response to the last SelectUSA Investment Summit in March 2015.

Logo for SelectUSA 2016 Investment Summit

Logo for SelectUSA 2016 Investment Summit

I am delighted to announce that registration is now open for the 2016 SelectUSA Investment Summit to be held June 19-21, in Washington, D.C.

The Summit is an unparalleled opportunity to bring together businesses from all over the world, economic development organizations (EDOs) from every corner of our country, high-level government officials, and others working to facilitate investment in the United States. Foreign direct investment (FDI) creates American jobs, contributes to U.S. innovation, and bolsters American exports. In fact, in 2013, U.S. affiliates of foreign companies employed 6.1 million people, spent $53 billion on research and development, and produced more than one-fifth of all U.S. goods exports.

These companies know that success in the U.S. market can help drive success globally. A great starting point is access to millions of global consumers here and abroad through free trade agreements. Our nation is incredibly diverse and provides a thriving culture of innovation, the most productive workforce, strong intellectual property protections, and a stable energy supply. Here in the United States, companies of all sizes—from start-ups to multinationals— can find the ideas, resources, and market they need to be globally competitive.

Our unique environment for innovation will be the main theme of this year’s Summit. The United States is a world leader in research and development (R&D) and intellectual property protection. In 2014, it was estimated that more than 31 percent of total world R&D expenditures took place in the United States. Here, companies can increase their competitiveness by partnering with top-flight research institutions and employing cutting-edge manufacturing techniques.

The 2016 Summit will feature panels and speakers at the forefront of innovation in the United States. As a participant, you will be able to submit topic proposals and potentially present at the SelectUSA Academy, a pre-Summit orientation that covers the fundamentals of investing and promoting investment in the United States. During the Summit, you will also hear and gain insight from renowned professionals, investors, and thought leaders.

Both the 2013 and 2015 SelectUSA Summits were filled to capacity. Last year, we welcomed thousands of participants to Washington. President Barack Obama, six Cabinet members, and three U.S. State Governors addressed representatives from more than 70 international markets, including companies, business associations, and representatives from all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam. Participants got the chance to hear from several top executives and high-profile business and government leaders, who shared their insight on the latest business trends. U.S. economic developers from across the country and international investors met face-to-face. More than 1,700 individual business meetings were facilitated by the U.S. Commercial Service or initiated directly by participants.

I strongly encourage you all – from international start-ups to multinationals to state and local economic developers across the United States – to register soon to join us June 19-21, 2016 in Washington, D.C. I look forward to welcoming you to what I expect to be another successful SelectUSA Investment Summit and a win for the United States and the entrepreneurs who invest in our communities. The United States is open for business!

 

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Secretary Penny Pritzker Invites Economic Development Organizations to Connect at Hannover Messe

December 9, 2015

Hannover Messe is the world’s largest trade show for industrial technology, and Secretary Penny Pritzker invites U.S. economic development organizations (EDOs) to participate in the 2016 Hannover Messe fair from April 25th – 29th in Hannover, Germany.

U.S. EDOs will have the opportunity to be front and center in the U.S. Investment Pavilion, a centerpiece of the trade show and host to special events with global technology and industry leaders from around the world.

There is no better opportunity for your EDO to connect to global investors looking to make deals and showcase yourself as a prime investment destination to more than 200,000 attendees.

 Register to learn how USA Partner Country status makes this a can’t-miss event for your organization!

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SelectUSA’s First-Ever Canada Conference – Greater Opportunity for the U.S.-Canada Commercial Relationship

December 7, 2015

 

This is a guest blog by Bruce Heyman, the U.S. Ambassador to Canada.

Trade and investment are a crucial part of the United States’ global agenda. That’s been one of President Obama’s core messages from the beginning of his time in office, and it’s been the driving force behind many of his major international initiatives. It’s why he, along with Secretary of State John Kerry and Commerce Secretary Penny Pritzker, hosted the 2015 SelectUSA Investment Summit back in March.

Select USA

From l to r: U.S. Ambassador to Canada Bruce Heyman, Champion Pet Foods President & CEO Frank Burdzy, and SelectUSA Executive Director Vinai Thummalapally

It’s also why I was so pleased to play a role in the inaugural edition of the SelectUSA Canada Conference in Toronto, Ontario on November 17th. No two countries in the world share a larger or more extensive trade relationship than Canada and the United States. Canada is the fourth-leading origin of foreign direct investment (FDI) into the United States, so it was only natural to hold an investment facilitation event that brought U.S. economic development organizations (EDOs) together with Canadian companies of all sizes and backgrounds.

Having led the delegation of more than 80 Canadians representing the private sector, NGOs and government to SelectUSA’s Summit in Washington, I know first-hand how much excitement and interest Canadians have when it comes to cross-border trade and investment with the United States—not to mention how much that enthusiasm and interest is reciprocated by American EDOs! Even so, I was greatly impressed by the size of the response to our first SelectUSA Canada Conference. On the Canadian side, we had more than 50 companies, representing a broad range of industries and markets, while my fellow Americans proved to be equally excited by the prospect of linking up with potential investors, with 24 economic development agencies representing states, cities and regions in attendance.

While it’s always a great time to talk about expanding cross-border trade, the SelectUSA Canada Conference took place at a particularly exciting time in the U.S.-Canada relationship. For one thing, the event was held just a few weeks after the swearing in of a new government in Ottawa, which meant that there was lots of discussion about exploring new avenues for collaboration and cooperation.

From an even more global perspective, however, the SelectUSA Canada Conference took place just weeks after the signing of the Trans-Pacific Partnership (TPP) trade deal, and just a few weeks before the COP21 climate change meetings in Paris. While you may not immediately think of those two milestones as being connected, the reality is we must transition to a global clean energy economy. The TPP—with its strong environmental provisions and its inclusion countries representing approximately 40 percent of the world’s consumers—represents an incredible opportunity to do just that. I think our unprecedented bilateral relationship gives the United States and Canada an opportunity to be leaders in that transition to a clean energy economy, which makes events like the SelectUSA Canada Conference all the more important!

To underscore my belief in the importance of growing and expanding that relationship, I was pleased to use the conference as a platform to announce two exciting new cross-border investment initiatives. First, it was my pleasure to announce the establishment of the Ambassador’s Meritorious Investment Award, which will recognize Canadian companies that invest in the United States. We presented the first of these awards to Champion Petfoods, a Canadian pet food manufacturer that is getting ready to open its first U.S. pet food kitchen in Auburn, Kentucky — an investment they undertook following Kentucky Governor Steve Beshear’s 2013 trade mission to Canada!

Secondly, during my SelectUSA Canada Conference keynote speech, I was happy to announce a new public-private partnership called the Invest USA Committee. Based in Toronto, the committee will bring together key players to promote and facilitate Canadian investment in the United States. They’ll do so through educational programs, promotional events, business matchmaking, and assistance to Canadian investors.

It’s an exciting time in the U.S.-Canada relationship, full of lots of incredible opportunities for growth, investment, innovation and expansion. SelectUSA Canada represents just one avenue for those opportunities to take shape. It’s my sincere hope that all of us in U.S. Mission Canada can play a major role in that, and it’s why my commercial team across Canada is ready, willing and able to assist anyone looking to create or expand their cross-border trade with us. To find out where to get started, please visit BuyUSA.gov/Canada!

 

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U.S. Remains No. 1 Choice for Foreign Investment – New Stats Released

December 3, 2015

This is a guest blog by Vinai Thummalapally, Executive Director of SelectUSA.

On Monday, the Bureau of Economic Analysis (BEA) released highly-anticipated data highlighting new foreign direct investment (FDI) expenditures in the United States.

These statistics capture the story of new FDI into the United States in 2014 and introduce a perspective on FDI never before seen in official BEA statistics. Highlighting data like this is not only part of SelectUSA’s mission to facilitate and promote FDI into the United States but it also gives our business and policy leaders a quantitative look at how the United States maintains its title as the number one destination for FDI.

In the new set of data, BEA produced statistics that specify two types of new FDI: acquisitions and greenfield investments. Greenfield investments capture how much foreign investors are spending to establish and/or expand U.S. businesses. Last year, new FDI expenditures made by foreign investors acquiring, establishing, and expanding U.S. businesses totaled $241.3 billion while greenfield investments accounted for seven percent of that total, exceeding $16.5 billion. Acquisitions accounted for the majority of new investment expenditure, totaling $224.7 billion in 2014.

The new data helps build a narrative around specific industries and geographies of interest. For example, greenfield FDI in manufacturing was very strong, with expenditures totaling over $2.8 billion. These expenditures were second only to greenfield FDI in the real estate industry in 2014.

Looking forward, this data also shows statistics that capture planned greenfield investment for FDI projects that may continue into the future. These investments in U.S. manufacturing sector industries total $9.3 billion, more than three times the total amount invested in 2014. We also see that the U.S. manufacturing industry dominates new FDI investment: almost 60 percent of new foreign investor expenditures – $139.1 billion – went to manufacturing, a fact that echoes and reinforces the growing “manufacturing renaissance” here in the United States.

BEA’s comprehensive snapshot of new FDI is an excellent tool for economic developers, investors, and policymakers. This snapshot enhances our understanding of how FDI is interwoven into the U.S. economy. According to latest available 2013 figures, majority foreign-owned U.S. affiliates employed 6.1 million U.S. workers with an average annual wage of $79,979 and accounted for nearly 23 percent of all U.S. goods exports. Reports like these reaffirm the United States’ place as the number one destination for foreign direct investment in the global, interconnected, and competitive economy of the 21st century.

 

 

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Two Events to Make 2016 A Banner Year for Investment

November 12, 2015

This post originally appeared on the International Economic Development Council’s BlogThis post contains external links. Please review our external linking policy.

By Vinai Thummalapally – Executive Director, SelectUSA

It was my pleasure to join the IEDC 2015 Annual Conference in Alaska, and to sign a Memorandum of Understanding formalizing the important relationship between the IEDC and SelectUSA.

I was able to put into words an important reality in which I’ve lived since joining the SelectUSA team in 2013: that IEDC is like family to SelectUSA. You all have done and continue to do some of the most important work to date supporting the U.S. economy, and I thank you for all of your contributions.

The considerable buzz at the road show was exactly what I expected, because the fact is that our joint effort highlighting the importance of foreign direct investment in our economy is still accelerating.  Our momentum will continue in 2016, as we are approaching a very important year for economic development in the global economy.

Two major events on our radar are the Hannover Messe trade fair in April 2016 – the largest industrial technology trade show in the world, and our third SelectUSA Investment Summit in Washington, D.C. in June. I know both of these events can be hugely helpful for just about any EDO, and I personally invite IEDC members to participate.

Many of you have attended Hannover Messe in the past, as it has always been a great show for highlighting investment opportunities. In 2016, a great event gets even better for U.S. EDOs.

For the first time ever, the United States is the Partner Country for Hannover Messe, and that means EDOs exhibiting in the U.S. Investment Pavilion will get maximum exposure to the more than 200,000 attendees at this show, thousands of whom are global investors looking to make deals.

Let me be clear: Hannover Messe attendees aren’t window shopping. About 68 percent of attendees come to the show with decision-making authority, meaning they are ready to meet you, negotiate, and close. And with the U.S. Investment Pavilion as the centerpiece of the trade show, your investment opportunities will be front and center for attendees and members of the media to see.

Visit export.gov/hannovermesse to learn more, or contact our team for more information. EDOs should register byNov. 30 to get the most out of the show.

At the SelectUSA Investment Summit in June, our team will do exactly what it’s done twice before: we will connect EDOs directly to global investors. We will attract some of the most brilliant thought leaders in the economic development sector to share their knowledge. We will bring government leaders to hear your thoughts and use your feedback to guide policy.

For EDOs of any size, this event can be an integral part of your growth strategy. In 2015, we welcomed nearly 2,600 participants from more than 70 international markets, including companies and business associations as well as EDOs from all 50 U.S. states, the District of Columbia, Puerto Rico, and Guam.

We are ready to welcome you back to D.C. and to help connect global investors to the opportunities your organizations have to offer. Learn more about the Summit at SelectUSA.gov, and make sure to sign up for updates as we get closer to June.

I know 2016 is a big year for all of us, that money can be tight, and that it can be difficult to decide which events will carry the most impact. I encourage you to contact our team to learn more about Hannover Messe and the SelectUSA Investment Summit, and to help decide which event is best for your unique organization.

I can promise you this: Our SelectUSA teams on the ground at both events will work tirelessly to make sure your organization is exposed to as many potential opportunities as possible.

I hope to see many of you at both events, and I wish you the best of luck in wrapping up 2015!

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United States Earns Partner Country Status at World’s Largest Industrial Event; Unprecedented Showcase Opportunities for U.S. Manufacturers

November 9, 2015

This is a guest blog by Larry Turner, President & CEO of Hannover Fairs USA, a subsidiary of HANNOVER MESSE.

This post contains external links. Please review our external linking policy.

The timing couldn’t be better.  In recognition of the rapid progress to strengthen its industrial sector, the United States has been selected as the partner country for HANNOVER MESSE 2016, the world’s largest and most influential B2B event for industrial technology.

The trade fair, held April 25-29, 2016, in Hannover, Germany, offers an unprecedented opportunity for U.S. manufacturers and U.S. manufacturing solutions producers to showcase the results of modernization and digital integration.  The event attracts more than 220,000 attendees, 6,500 exhibitors and 2,400 global press members from more than 70 countries.

To take advantage of the partner country opportunity, HANNOVER MESSE projects the largest ever U.S. contingent to attend in 2016 to pursue business development and investment attraction.  It offers a significant opportunity for U.S. manufacturers to increase their business through export opportunities.

In addition, using HANNOVER MESSE as a platform will help state and local economic development agencies achieve the United States’ expressed goal of furthering global trade, attracting foreign direct investment, increasing export activities, and opening global markets—all leading to more business, more growth, and more jobs.

Greg Scheu, President of the Americas region for ABB, said, “As an American, I’m proud of ABB’s 67-year history with HANNOVER MESSE and pleased to introduce the United States audience to Hannover’s long tradition as the world’s largest and most important industrial technology trade fair. One of the most important things that ABB does is make manufacturing more competitive by increasing productivity and efficiencies, and HANNOVER MESSE, whose attendees are opinion leaders and decision makers, has long been a showcase for that. Just last year, we exhibited our breakthrough collaborative robot, YuMi, and we registered more than 10,000 qualified visitors to our HANNOVER MESSE booth. That level of exposure is invaluable to us.”

“HANNOVER MESSE is an excellent opportunity to promote American manufacturing and the interconnectedness of advanced manufacturing in a global arena,“ said Dr. Caralynn Collens, CEO of UI LABS, Digital Manufacturing and Design Innovation Institute (DMDI).  “Hannover Messe’s themes of ‘the Internet of Things” and “Industrie 4.0” are closely aligned with the strategic direction of our Digital Manufacturing and Design Innovation Institute (DMDII), bringing together world-class companies and innovators to transform manufacturing for the digital age.“

Dr. Helmuth Ludwig, Executive Vice President of Digital Enterprise Realization and Chief Manufacturing Officer for Siemens PLM Software, said, “Siemens is the largest exhibitor at HANNOVER MESSE, and we are very pleased to be able to showcase our latest innovations in electrification, automation and digitalization with a focus on the “Digital Enterprise” during the upcoming fair.”

To learn more about exhibiting or attending HANNOVER MESSE 2016, visit http://www.hannovermesse.de/home or contact Ethan Carter, Director of Sales at HFUSA, at ecarter@hfusa.com.

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Open for Business: Strengthening U.S. Manufacturing and Increasing Investment in the United States

October 6, 2015

This post originally appeared on the Department of Commerce blog

Post by Penny Pritzker Secretary of Commerce

The United States is the world’s best place to do business. Our country is home to a skilled and productive workforce, unmatched institutions of higher education, strong intellectual property protections, a commitment to innovation, an abundant and stable energy supply, and access to millions of global consumers through high-quality free trade agreements. For these reasons and more, CEOs from around the world have ranked the U.S. as the number one place to invest for three years in a row.

Save the date

The U.S. Department of Commerce will host the third SelectUSA Investment Summit on June 19-21, 2016 at the Washington Hilton in Washington, DC. For more information, please visit http://www.selectusa.gov/2016-summit.html

In 2015, we welcomed investments from businesses of all sizes, from budding entrepreneurs to major multinationals like Nissan, ABB Group, Novo Nordisk, and Daimler Chrysler.  These companies can choose to operate anywhere, but they chose the United States.  We remain home to more foreign direct investment (FDI) than any other country in the world.

FDI generates growth and creates jobs in many sectors of the American economy, including manufacturing. U.S. manufacturing is in the midst a real comeback, with companies adding nearly 900,000 manufacturing jobs since February 2010 and new factories opening their doors at the fastest rate in decades. Our most recent data demonstrates that foreign investors have played a critical role in this growth. FDI in the U.S. manufacturing sector reached $1.05 trillion (2014) and supports 2.2 million jobs (2012).  Furthermore, U.S. affiliates of international companies spend $48 billion annually on research and development, which drives both innovation and exports.

On Friday, we celebrated Manufacturing Day, but year-round, this Administration is focused on what it takes to keep American manufacturing strong, to attract job-creating global investment, and to build a competitive 21st century economy.

I am excited to announce that the U.S. Department of Commerce will host the third SelectUSA Investment Summit on June 19-21, 2016 at the Washington Hilton in Washington, DC.

Established by President Obama in 2011, SelectUSA promotes and facilitates business investment by working with companies that want to establish U.S. operations and by partnering with U.S. economic development organizations to attract them. In the past four years, SelectUSA has assisted in winning over $17 billion of deals across the country.

The SelectUSA Investment Summit, the initiative’s showcase event, is the premier venue for international investors of all sizes to find the right place, with the people, resources, and market they need to be successful. At the last Summit, investors from over 70 foreign markets and economic development representatives from all 50 U.S. states joined President Obama, six Cabinet Secretaries, three Governors, and dozens of leading CEOs from major international firms and SMEs to learn more about the U.S. investment climate and opportunities for investment.

To learn more, I hope you will consider joining us at the 2016 SelectUSA Investment Summit. Please sign up for the SelectUSA email list by visiting www.SelectUSA.gov, and you will be the first to know when registration goes live.

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