Guest blog post by Secretary Penny Pritzker
In my first year as Secretary, one of my proudest moments was welcoming international investors to the 2013 SelectUSA Investment Summit. Alongside President Obama, Secretary of State John Kerry, Treasury Secretary Jack Lew, Labor Secretary Thomas Perez, and U.S. Trade Representative Michael Froman, we made it clear that America is “Open for Business.”
As 2015 begins, we are moving full speed ahead with registration for the second SelectUSA Investment Summit, which will take place in the DC metro area on March 23-24, 2015.
In November, the Bureau of Economic Analysis (BEA) released new data showing why efforts to attract international investment are so important. U.S. affiliates of foreign firms employed 5.8 million people in the United States in 2012. These companies spent $48 billion on U.S. research and development, and they exported nearly $344 billion worth of goods manufactured in the United States. In 2013, the United States attracted $231 billion in FDI, up from $170 billion in 2012.
There has never been a better time to consider establishing or expanding operations in the United States, and it is clear that investors recognize the opportunities that America offers. We are home to an attractive consumer market, a thriving culture of innovation, and a talented workforce. The U.S. economic recovery is outshining others, and investors are increasingly confident. In fact, A.T. Kearney’s 2014 Foreign Direct Investment (FDI) Confidence Index said, “the United States tops the index for the second year in a row,” with the highest net positive rating in the index’s 16-year history.
The 2015 SelectUSA Investment Summit aims to build on the tremendous success of the inaugural event, which connected investors from 60 countries with representatives from nearly every U.S. state and territory. At this year’s Summit, economic development organizations (EDOs) from across the United States will once again gather to showcase investment opportunities to companies from around the world. This event will bring together the tools, information, and connections companies need to grow their business here. The two-day summit will include many sessions with high-profile CEOs, breakout panels with practical tools for investors, one-on-one matchmaking meetings, and pitches on the trade show floor.
Given the incredible interest in the first event, we are doubling the size of the Summit and adding some new features, including a pre-Summit SelectUSA Academy that will cover the basics for first-time investors and the fundamentals of attracting FDI for economic developers. We are also including sessions on rural investment, infrastructure investment, and other new features like robust online matchmaking and a more expansive trade show floor.
U.S. economic development organizations and companies that are interested in establishing operations in the United States – including reshoring and foreign investment – can learn more at the SelectUSA Summit website.
The SelectUSA team stands by to assist with investments at any time. Learn more about their services at www.SelectUSA.gov.
SelectUSA is the U.S. government-wide program, housed within the U.S. Department of Commerce, to facilitate investment into the United States.