Archive for the ‘SelectUSA’ Category

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More Mini Babybel, Made in South Dakota

October 10, 2014

Felicia Pullam is the Director of Outreach for the SelectUSA Program, part of the International Trade Administration.

Leaders from Bel Brands USA and the Brookings, SD community joined to cut the ribbon on a new facility that will support an estimated 250 new jobs.

Leaders from Bel Brands USA joined South Dakota state officials and leaders from the Brookings community to cut the ribbon on a new facility that will support an estimated 250 new jobs.

SelectUSA has about 250 reasons to congratulate Bel Brands USA and Brookings, SD, for their new investment agreement!

Why 250? Because that’s the estimated number of jobs supported by a $144 million, 170,000 square-foot Mini Babybel facility that just opened in Brookings.

Bel Brands USA is a subsidiary of the Paris-based Bel Group, and currently employs nearly 1,000 people in Illinois, Kentucky, Wisconsin, and South Dakota. In fact, the company has been named one of Chicago’s “101 Best and Brightest Companies to Work For” six years in a row.

This new facility is a great example of how foreign direct investment (FDI) creates U.S. jobs, builds skills, and links markets. Companies from France employed nearly 525,000 U.S. workers in 2011. The total stock of FDI from France in the United States was $239 billion in 2013 – the fifth highest of any country.

Bel Brands USA decided to invest in the United States because it is now the top market for Mini Babybel cheese. In fact, sales volumes of Mini Babybel increased by 24 percent in 2013 – that’s roughly 10,000 tons of cheese last year.

They researched several locations across the country, and their decision to set up shop in Brookings was driven by three key factors:

  • Access to raw materials – More specifically, access to competitively priced milk. They will be processing a whopping 500,000 pounds of milk per day, purchased through two dairy co-ops in the region.
  • Business-friendly environment – The state and local governments worked closely with the company. For example, the South Dakota Department of Labor has been helping with recruitment efforts to ensure Bel Brands USA finds the talent they need. They had great turnout at a “walk-in” interview event in August, and they’re still moving full steam ahead on hiring.
  • Collaboration opportunities – The company was impressed by what South Dakota State University has to offer. Graduates of the Dairy Science program will help build a strong and lasting workforce. Bel Brands USA partnered with the biochemistry program in creating a lab in the new facility, and they are exploring other ways to cooperate.

What does this case study mean for other companies investing in the United States? Businesses all have particular factors that are critical to their competitiveness, varying by industry, business model, and strategy. Given the size and incredible diversity of the U.S. market – most companies can find exactly what they need in this country to be successful. With creativity and communication, local communities across the United States can be partners in this success.

How can SelectUSA assist? SelectUSA, the U.S. government-wide program to facilitate investment housed within the International Trade Administration, stands ready to assist investors to understand the U.S. market, gather data, and connect with the right people. If there are questions or issues related to federal rules and regulations, SelectUSA serves as an ombudsman to help companies find clarity. SelectUSA also works with state and local economic development organizations to provide counseling and information, a platform for promotion, and investment advocacy.

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Intern Spends Summer of Service Supporting Business Investment

August 20, 2014

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

Sarah Sohn

Sarah Sohn recently completed an internship with SelectUSA.

There’s no such thing as a summer vacation when it comes to supporting the U.S. economy and business investment.

That’s why we were so lucky interns like Sarah Sohn spent their summer supporting the International Trade Administration’s (ITA) SelectUSA team.

We did our best to keep Sarah and our other seven SelectUSA interns on their toes, and we appreciate all of their hard work conducting research, organizing events, briefing program leaders, and being important contributors to our team.

Sarah wrote a great post about her experience working with us, and you can find it on the Harvard Institute of Politics blog.

We’d all like to extend a heartfelt thanks to all of the interns who spent their summer with us this year, in SelectUSA and the various other programs and offices throughout ITA! Your contributions have been a huge part of our success in supporting trade and investment.

If you’re looking for an internship this fall, SelectUSA is recruiting interns to fill a number of roles. You can also find information about other ITA internships on our blog.

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Wheels in Motion: Join SelectUSA in Germany at Automechanika and IAA

July 28, 2014

Cora Dickson is a Communications and Outreach Specialist for SelectUSA. Danit Kanal is an International Economist for SelectUSA and the author of a forthcoming report, “Invest in the Auto Industry: Promising Trends and Opportunities for Growth.”

USA Investment Center at Hannover Messe, April 2014

USA Investment Center at Hannover Messe, April 2014.

The exciting news last week that Volkswagen will create 2,000 jobs in Chattanooga, Tennessee was just the latest indication that the United States auto sector is recovering, expanding, and drawing the attention of investors worldwide.

Economic development organizations (EDOs) can capitalize on this limelight, and boost growth in their regions’ auto industry clusters, by joining the USA Investment Center at two trade shows in Germany this fall – Automechanika and the International Automobile Exhibition (Internationale Automobil-Ausstellung – known as the IAA).

Exhibitors at Automechanika (September 16-20 in Frankfurt) represent a wide range of companies in this sector, from parts and components to accessories and electronics. Truly an international showcase, over 80 percent of exhibitors in 2012 were from outside Germany. Meanwhile, the IAA (September 25 – October 2 in Hannover), which can trace its origins back over 100 years, will focus this year on everything in the supply chain related to commercial vehicles.

This is a great time for U.S. EDOs to consider whether the automotive sector offers an opportunity to attract foreign direct investment (FDI). During the period 2008-2012, FDI in the U.S. auto industry grew at the average rate of over 9 percent per year. These trade shows will enable EDOs to meet directly with interested investors.

On top of the appealing factors across the board for all industries – such as lower energy costs, strong intellectual property rights, and high productivity – the United States is increasingly recognized as a solid production base for automakers and their suppliers from around the world. One reason is the rapidly rising consumer demand for vehicles: in June 2014, U.S. consumers purchased new cars and trucks at the fastest pace in eight years.

The evidence is strong that the U.S. automotive sector, which employs approximately 1.7 million U.S. workers, benefits enormously from FDI. Consider these recent statistics from the U.S. Bureau of Economic Analysis:

  • In 2011, U.S. subsidiaries of foreign-owned motor vehicles, bodies and trailers, and parts firms account for nearly 40 percent of total U.S. employment in this sector.
  • The 2012 FDI stock in motor vehicles and motor vehicle parts accounted for almost 3 percent of total industry FDI in the United States and around 8 percent of manufacturing FDI in the United States.

Read more about the support provided to economic development organizations that join the USA Investment Center at these two premier events, and contact Amy Zecha at SelectUSA or Ed Fantasia at the Commercial Service in Munich for further information on how to register to participate.

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Houston, We Have a…Conference!

April 25, 2014

Austin Redington is a Communications Specialist with the SelectUSA Program.

The U.S. energy sector is a hot topic, from renewable energy to the high-tech recovery of natural gas to the exploration of untapped resources. With so much buzz – and significant investment inflows – this year’s Offshore Technology Conference (OTC) in Houston, Texas from May 5-8, promises to be both timely and exciting.

Naturally, the International Trade Administration (ITA) will be there, and we hope to see you there too!

OTC 2014, which is supported by ITA’s International Buyer Program, is a leading international trade show focusing on opportunities in the fields of drilling, exploration, production, and environmental protection.

For attendees, ITA will be onsite offering services to international and U.S. investors, U.S. exporters, and international buyers. Here’s a brief look at what we’ll be up to:

  • For investors & U.S. economic development organizations: SelectUSA, the U.S. investment promotion program, will be hosting a “Build Your Business in the United States” lunch symposium, as an opportunity for attendees to meet federal and regional partners. The event will offer a case study about the U.S. investment climate, resources, and services. Attendees will also learn best practices from companies that have already invested. Register here by April 29th.
  • For exporters and buyers: We’re also offering our B2B Matchmaking service, which connects U.S. suppliers with interested international buyers. We recruit and screen each international buyer through our network of U.S. Embassies and face-to-face meetings to ensure the highest likelihood of connecting the “right” partners. Companies interested in engaging in this service are encouraged to sign up (click here for more).
  • For U.S. exporters: Our Global Markets team will be offering export counseling meetings and country-specific information. U.S. exporters will have the opportunity to meet one-on-one with our U.S. Embassy oil and gas industry specialists. Team members from 25 embassies will be available: Algeria, Argentina, Belgium, Brazil, Cyprus, Egypt, Ghana, India, Indonesia, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Nigeria, Norway, Oman, Qatar, Romania, Saudi Arabia, Singapore, South Korea, Thailand, Ukraine, United Arab Emirates. Representatives from the Small Business Administration and Export-Import Bank of the United States will also be on site.

ITA experts will be offering country briefings and procurement seminars. Stop by to learn about deep water exploration in Colombia or about oil and gas opportunities in Ghana.

As you can see, it will be a busy and interesting week full of opportunities to learn, meet, share, and connect. If you’re planning on going, we hope you’ll stop by and see us!

For more information on OTC 2014, go to the OTC 2014 website.

Further details on our OTC presence can be found on the Houston, Texas U.S. Export Assistance Center’s website

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Driving German FDI – the U.S. as a Manufacturing & Distribution Hub, and an Export Platform

April 24, 2014

Amy Zecha is an International Investment Specialist with SelectUSA. Her portfolio covers Central and Eastern Europe, including Germany.

This post originally appeared on the Department of Commerce blog.Inward foreign direct investment (FDI) stock totaled $2.7 trillion in 2012, a 6 percent increase from the prior year, which equals the average annual growth rate between 2001-2011.

SelectUSA just finished another successful event at the Hannover Messe manufacturing trade fair – the largest in the world – and now we’re gearing up for another big event in Germany. In September, we’ll be participating in Automechanika, a global trade show for the automotive industry. We hope you’ll join us!

It’s been a great couple of months for German investment in the United States, and we’ve had some exciting news in the auto industry. In a post last month, ITA’s Tradeology blog highlighted some impressive figures – including the 115% growth in U.S. auto exports of passenger vehicles between 2009 and 2013.

It is therefore no surprise to see international automakers – such as Germany’s BMW – continue to grow their U.S. manufacturing operations. At the end of March, Commerce Secretary Penny Pritzker joined BMW officials and others in Spartanburg, SC in celebrating the start of production of the X4 – and the announcement of the brand new X7. The addition of this model line will make Spartanburg BMW’s largest manufacturing facility in the world.

BMW, as a business, knows the value of manufacturing in the United States, and also the advantages of using the U.S. as an export platform. Today, BMW is one of the top auto exporters in the United States. More than half of all the cars produced by BMW at their Spartanburg plant are shipped to other markets beyond our borders. BMW has clearly harnessed the power of U.S. manufacturing and successfully coupled it with the export opportunities offered by U.S. trade agreements to maximize the potential of their U.S. operations.

This is just one case study of German success in the U.S. market. Success comes in many sizes – sometimes it’s the small or medium-sized enterprise (SME) that makes the commitment to the United States, like PTF Pfuller, a manufacturer of precision parts and assemblies for the semiconductor, food, medical technology, laser and aerospace industries. The CEO, Mr. Oliver Zintl spent two years working with Jenny Trick of Racine County Economic Development Corporation, after an initial meeting at the USA Investment Center organized by SelectUSA and CS Germany at Hannover Messe 2011. PTF established its U.S. division in Sturtevant, Wisconsin in August 2013 with initial plans to start with a small sales staff – but then noted the potential to add manufacturing and a distribution center within five years, creating at least 50 jobs. PTF cited the tremendous work of Racine County and Milwaukee 7 (a regional economic development organization), as well as the central location, access to existing customers in the region, and the quality of theGateway Technical College – which offers the potential for a nearby source of talent for the company.

These are two great case studies of German-owned companies setting up shop or expanding existing ones in the United States – and further evidence of why SelectUSA has identified Germany as a key focus market for FDI attraction. German investment in the U.S. accounts for over 10 percent of all FDI in the country, a significant figure when taken into account that the U.S. is the largest recipient of FDI in the world. In an effort to support this continued economic relationship, SelectUSA is already planning events in Frankfurt in conjunction with Automechanika in September.

This is just part of a great line-up of events SelectUSA has planned for the rest of the year. Stay tuned for more details around Automechanika and other events – and make sure to sign up for our free online newsletter to stay up to date on all our latest events!

To learn more about SelectUSA and our global programs for both EDOs and international investors please visitwww.selectUSA.gov or follow us on Twitter at @SelectUSA.

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¡Hola Investors! The SelectUSA Mexico Road Show is Coming Your Way!

April 16, 2014

Austin Redington is a Communications Specialist with the SelectUSA Program.

Our team in Mexico is standing by to support our efforts to increase foreign direct investment in the United States.

Our team in Mexico is standing by to support our efforts to increase foreign direct investment in the United States.

Spring is officially here and along with the new blossoms and sunshine come new events and opportunities to help investors bring their business to the United States. It’s already been a busy season, with recent visits to Japan, Korea, Austria, and Germany for the Hannover Messe trade show, and there’s much more on the horizon. 

As part of SelectUSA’s mission to attract foreign direct investment (FDI) to the United States, we’re launching several SelectUSA Road Shows aimed at connecting investors in specific markets with U.S. economic development organizations (EDOs). 

One exciting Road Show that is just around the corner is taking place in Mexico on May 20-21, 2014. U.S. Commercial Service staff members in Mexico are eager to connect U.S. EDOs with investors who are looking for opportunities. The Road Show is a two-day event, covering two of Mexico’s most important business centers: Querétaro and Mérida, Yucatán. 

Why Mexico?

In a word—opportunity! As our third largest goods trading partner and one of the fifteen largest sources of FDI into the United States, Mexico is home to hundreds of businesses looking to expand their operations. 

Mexico’s investment in the United States has been growing at a rapid pace over recent years, more than doubling its total FDI stock of $12.6 billion in 2010 to $29.2 billion in 2012. Clearly, Mexican companies are increasingly finding the U.S. market as an attractive place to do business. We couldn’t agree more!

Where the Investors Are

The Road Show’s two stops, Querétaro and Mérida, are among Mexico’s largest commercial and manufacturing hubs. 

Among Mexico’s most dynamic economies, Querétaro is recognized for its stable public finances, safe environment and competitive economy. Located 130 miles north of Mexico City, transportation is convenient with direct highway connections to the United States. The region has a strong presence in advanced manufacturing industries, including aerospace, automotive, and appliances, as well as the biotechnology and information technology industries. 

Yucatán may be the most important business region in southern Mexico, and is conveniently located to serve as a platform for commercial routes with the United States. Mérida, the state’s capital, is among competitive cities in southern Mexico and hosts a variety of investors and companies looking for growth opportunities. Primary industries in this region include construction, professional services, textiles, and transportation and logistics.

Register Today!

As everything is coming together for this event, we’re just missing one thing: YOU! The Mexico Road Show is coming up soon and we’d love to see you there. We’re still recruiting state, regional, and local U.S. EDOs, but space is limited and time is running out, so don’t delay! For more information or to sign up, click here or contact Rebecca Torres

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SelectUSA: Investing in the United States, Creating Jobs, and Spurring Economic Growth

April 10, 2014

This post originally appeared on the White House blog.

Jeff Zients is Director of the National Economic Council and Assistant to the President for Economic Policy. Secretary Penny Pritzker is the Secretary of Commerce.

Commerce Secretary Penny Pritzker and Puerto Rico Governor Alejandro Garcia Padilla join Lufthansa's August Wilhelm Henningsen and German Ambassador Peter Ammon in a signing ceremony for an agreement to create a new Lufthansa Aviation Facility in Puerto Rico.

Commerce Secretary Penny Pritzker and Puerto Rico Governor Alejandro Garcia Padilla join Lufthansa’s August Wilhelm Henningsen and German Ambassador Peter Ammon in a signing ceremony for an agreement to create a new Lufthansa Aviation Facility in Puerto Rico.

Today, Lufthansa Technik announced a significant new investment in Puerto Rico that demonstrates how efforts to deploy the full resources of the federal government to win job-creating investments in U.S. states and territories pay off. Through the advocacy of several high-level U.S. officials, including the Vice President and the Secretary of Commerce, as well as the work of SelectUSA, the government of Puerto Rico was able to secure this new investment, which will create up to 400 permanent jobs and strengthen Puerto Rico’s burgeoning civil aviation sector.

Lufthansa Technik, a wholly owned subsidiary of Germany-based Lufthansa AG, is making a significant new investment in Puerto Rico to build a maintenance, repair, and operations facility. Thanks to the persistent support of the Administration through our SelectUSA investment initiative, local efforts led by Governor Garcia Padilla of Puerto Rico, and the strengths of Puerto Rico’s growing aviation industry, the United States won this new investment despite strong competition.

SelectUSA – launched in 2011 and housed in the Department of Commerce – is the first-ever federal effort to bring job-creating investment from around the world to the United States in partnership with state and local economic development organizations. Today, Ambassador-led teams at our posts overseas directly support foreign investors looking to make investments in the U.S. by providing resources and information, and when needed, connecting them to investment experts at the Department of Commerce and throughout the SelectUSA interagency network.

Each investor, and investment case, gets tailor-made attention from our case managers at SelectUSA, who rely on ombudsman efforts to answer questions, as well as a sophisticated advocacy network that leverages key Administration officials all the way up to the President of the United States. Lufthansa is a perfect example of our coordinated efforts to bring job-creating investment here to the United States. In addition to Vice President Biden and the Secretary of Commerce and her team, SelectUSA involved other key federal officials, and coordinated with several federal agencies to provide the needed assistance to secure the project. And, when it came time to seal the deal, SelectUSA coordinated an effort across the federal government, including the support of the President’s Taskforce on Puerto Rico, to present Lufthansa with the case for locating their investment in the United States.

The Lufthansa investment is yet another example that demonstrates that the United States is an increasingly attractive location for job-creating business investment from around the world. Last year, for the first time in a decade, global business executives ranked the United States the number one destination for foreign investment. And the Department of Commerce released new data showing that foreign direct investment flows into the United States and our territories rose from $160 billion in 2012 to $187.5 billion in 2013.

With our booming natural gas sector, our skilled workforce, our status as home of the some of the top research universities and innovation hubs, and our resurgent manufacturing communities, the United States is primed for business investment. Businesses increasingly cite the U.S. open investment climate, rule of law, the ability to efficiently export their goods, access to high-quality supply chains, and proximity to robust consumer markets as key factors to locate their operations in the United States. And now, with the help of SelectUSA, the federal government is undertaking a coordinated and concerted effort to showcase our strengths and make the case with even more investors that the United States should be their top choice.

To put it simply, the United States is Open for Business.

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