Posts Tagged ‘SelectUSA’

h1

¡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

h1

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.

h1

Join the Conversation on Investment

April 9, 2014

Vinai Thummalapally is the Executive Director of the SelectUSA Program. 

Vinai Thummalapally is the Executive Director of the SelectUSA program

This post originally appeared on the Department of Commerce blog.

This month, SelectUSA is really upping our game when it comes to online engagement around investment.  We hope you’ll join the conversation on Twitter at #SelectUSA!

Our colleagues across the Commerce Department will be sharing their thoughts on how innovation, data and hard work contribute to job creation. We’re collaborating with our friends at the State Department’s Economic & Business Affairs Bureau, as well as with our Commerce and State colleagues throughout the United States and globally at our embassies and consulates.

But we’re not stopping with Commerce and State. We’re reaching out across the U.S. federal government through the Interagency Investment Working Group (IIWG), to more than twenty other agencies.  (You can find all of our Commerce and IIWG twitter profiles here.)

This is a big conversation, but most importantly, we hope to be hearing from YOU.

We’re broadening the conversation at #SelectUSA to talk about how investment in the United States drives job creation and how we can work together to attract even more jobs.

Did you know that, as of 2011 (the most recent data available), U.S. subsidiaries of foreign companies employed more than 5.6 million workers and paid an average annual salary of $77,600?  According to preliminary estimates from the Bureau of Economic Analysis, foreign direct investment (FDI) inflows totaled $187.5 billion in 2013, rising from $160.1 billion in 2012.  The United States also recently took back the top spot in A.T. Kearney’s FDI Confidence Index.

What do these numbers mean to you?  Are you an investor looking to expand your operations in the United States?  Are you seeking to attract more investment to your town, city, county or state?  How can SelectUSA assist you?  

We offer services to U.S. and international investors, as well as to U.S. economic development organizations (EDOs.)  If you need information on the U.S. investment climate, related federal resources, and the latest trends – we’re happy to help.  Are you looking for the right contact at the state or local level?  Could you use some assistance on the ground in more than 120 countries?  Do you have a question or problem related to investment and federal rules or regulations?  We’re here to help you get the answers you need.

Tell us what you think on Twitter by following us at @SelectUSA and using the hashtag #SelectUSA.  What are your challenges?  What are your successes?  How is your company creating jobs by investing in the United States?  How is your location attracting investors and jobs?

We look forward to hearing from you at #SelectUSA!

h1

From Westerns to Dance Dramas, U.S. Filmmakers Pitch Their Projects to Chinese Investors

April 2, 2014

Marsha McDaniel is a Commercial Officer at the U.S. Consulate for Hong Kong and Macau.

Our team met with U.S. film producers and Chinese investors at Hong Kong Filmart to support investment.

Our Commercial Service team met with U.S. film producers and Chinese investors at Hong Kong Filmart to support investment in upcoming projects.

What do cowboy shows, hip hop dancer dramas, and adventure thrillers have in common? These are some of the exciting projects that U.S. filmmakers pitched to Chinese investors during SelectUSA’s debut at Hong Kong’s Filmart, Asia’s largest film and media trade show and the third largest film industry trade show in the world.

Commercial Service staff at the U.S. Consulates in Hong Kong and Guangzhou jointly organized this first-ever SelectUSA event at the trade show. The event, which was titled “China’s Pearl River Delta: Opportunities to Finance U.S. Productions” introduced investors to some of the exciting projects that U.S. filmmakers are currently developing.

A Captivated Audience

Five independent U.S. production companies presented a broad range of film projects to a captivated audience of roughly 30 investors. Audience members were clearly excited as U.S. filmmakers pitched numerous movie and television ideas, all with significant revenue potential.

According to Scott Shaw, Senior Commercial Officer at the U.S. Consulate in Hong Kong: “It is an exciting time for U.S. and China movie producers to work together as U.S.-China co-production benefits both the U.S. and Chinese film industries.”

Jim Rigassio, Principal Commercial Officer at the U.S. Consulate in Guangzhou, China, noted: “From a diplomatic perspective, activities such as this help to bring our two countries closer together, and I hope to see more U.S.-China coproduction in the future.”

Filmmakers: Opportunity to pitch in 2015

Based on the fantastic feedback from participants, Commercial Service teams in Hong Kong and Guangzhou will explore hosting a similar event at the 2015 Filmart show in Hong Kong. U.S. filmmakers with an interest in seeking investment and co-production opportunities are encouraged to get in touch with our Commercial Service staff to learn more.

This was the first of many events that will be organized under the Commercial Service’s Pearl River Delta Initiative, which aims to assist U.S. companies tap into south China’s $1 trillion dollar economy.

How else can we help you?

SelectUSA, along with our teams in Hong Kong and Guangzhou, work with investors and U.S. economic development organizations to facilitate investment into the United States. We provide information and counseling, help you connect to the right people, and serve as an ombudsman to resolve issues related to the federal regulatory system. We also create platforms, such as our upcoming Pearl River Delta Road Show, to bring investors and economic developers face to face.

If you have questions about foreign investment or if we can help you at all, visit the SelectUSA website for more information!

h1

Bringing Lessons Home From Korea

March 26, 2014
SelectUSA Director Vinai Thummalapally speaks to investors in Korea about services available through the SelectUSA program.

SelectUSA Director Vinai Thummalapally speaks to investors in Korea about services available through the SelectUSA program.

Vinai Thummalapally is the Executive Director of the SelectUSA Program.

South Korea is currently the 16th largest and 14th fastest-growing source of investment in the United States.

That investment has grown rapidly – at a compound annual growth rate of 14.9 percent from 2008 to 2012. The U.S. subsidiaries of Korean companies directly employ more than 32,000 people in the United States, contributing almost $60 billion to the U.S. economy.

These firms export almost $9.7 billion worth of goods from the United States.

Those are great numbers, and we want to see them continue to grow.

To that end, I am excited to announce that our Commercial Service team in Seoul, Korea is hosting a Road Show event on Friday, May 16 – the week before an already announced Japan Road Show. The events will provide an opportunity for U.S. economic development organizations to connect with Korean companies interested in investing or increasing their investment in the United States.

Update: Want more SelectUSA information?  Sign up for our newsletter!

I recently returned from a trip to Seoul, Korea, where I had the pleasure of meeting with our team at the U.S. Embassy, our partners in the Government of the Republic of Korea, and investors who are interested in setting up shop in the United States. Together we traveled to different companies in Korea to get feedback and talk about their experiences working with the U.S. I also enjoyed sitting down with investors and trade associations to talk about SelectUSA and its services for helping companies expand investment in the U.S. These conversations help inform programming so that participants get the most out of events like the upcoming road shows.

While in Seoul, I joined U.S. Ambassador Sung Kim and Senior Commercial Service Officer Jim Sullivan to welcome officials from Hankook Tires and congratulate them on their announcement of the firm’s first U.S. manufacturing facility in Clarksville, Tennessee. The company is investing more than $800 million in the new plant, which is expected to create approximately 1,800 full-time jobs.

We also met with Samsung to learn more about its significant investments in the United States, including its recently announced project to build a new Silicon Valley R&D Center in Mountain View, California.

Another stop included the Korea International Trade Association (KITA), which represents more than 71,000 companies. We had the opportunity to talk with some of their members about President Obama’s expansion of SelectUSA, including investor visas and how our interagency team at the U.S. Embassy in Seoul – which includes staff from the U.S. Departments of State and Agriculture – can help them invest in the U.S.

We look forward to working with the states, cities, and regional organizations who take advantage of the opportunities at the upcoming Road Show in Korea.

h1

SelectUSA: Enhanced, Engaged… and in Japan!

March 20, 2014

Andrew Wylegala is the Minister Counselor for Commercial Affairs at the Embassy of the United States in Japan.

From left: SelectUSA Executive Director Vinai Thummalapally, Minister of State for Economic and Fiscal Policy Akira Amari, and Ambassador Caroline Kennedy at the Investment Showcase in Tokyo. View more photos from the event on the ITA Facebook page.

From left: SelectUSA Executive Director Vinai Thummalapally, Japan Minister of State for Economic and Fiscal Policy Akira Amari, and Ambassador Caroline Kennedy at the Investment Showcase in Tokyo. View more photos on the ITA Facebook page.

Japan is the second largest source of foreign direct investment (FDI) into the United States, with a total stock valued at $309.4 billion as of the end of 2012. According to our partners at the Japan External Trade Organization (JETRO), Japan registered its second-highest ever outbound investment level in 2012 at $122 billion, and Japanese investors chose to send 26 percent of that to American shores.

FDI isn’t just about capital: In 2011 more than 686,600 U.S. workers were employed by the U.S. subsidiaries of Japanese companies with an average wage of $78,356.

It’s clear that our investment relationship with Japan is a key contributor to the U.S. economy. That’s why our SelectUSA team and Commercial Service personnel in Japan joined U.S. Ambassador Caroline Kennedy to host an investment showcase in Tokyo.

Japan’s Minister of State for Economic & Fiscal Policy Akira Amari and Ambassador Kennedy stressed at the investment showcase that few aspects of the broad United States-Japan partnership are more mutually beneficial than investment.

Dynamism was the first key concept. Japan has resumed its role as a powerhouse in cross-border direct investment. Japanese investors also continue to believe in the opportunities offered by the U.S. market.

For example, in 2012-13, Toyota, Nissan, and Honda expanded already sizable U.S. manufacturing footprints, contributing to the renaissance in American manufacturing.

Update: Want more SelectUSA information?  Sign up for our newsletter!

So what’s new? A wave of investment is under way, embracing sectors from cellular communications to carbon fiber; improved tomato seeds to Kentucky bourbon; economy hotels to the limits of the Japanese and American imagination!

A testament to the success of this investment showcase is Leslie Ken Yamada, president of Japan’s Sanikleen. He spoke about his company bringing its business model to Hawaii, having made important connections in the Hawaiian market with the help of the SelectUSA team.

Osaka-based Daiwa House and Dallas-headquartered Lincoln Property Company signed a memorandum of understanding to develop $1.5 billion worth of multi-family homes during the next three years, beginning with a joint project in Ft. Worth.

Mutuality was the second theme as Minister Amari and others stressed that the benefits of cross-border direct investment are multi-directional, flowing well beyond the country of investment, in the form of access to new markets and the generation of ideas that bubble up when individuals from diverse backgrounds work side-by-side.

Ambassador Kennedy observed: “Not only do investments create growth and jobs; they create advances that benefit society as a whole.”

For example, Olympus Surgical Technologies broke ground in December for a $37 million facility in Brooklyn Park, Minn. As an R&D, design, and manufacturing operation, the improvements in non-invasive surgery that engineers from both countries will develop in Minnesota will benefit patients worldwide.

We’ll continue to work closely with our friends in Japan to promote and facilitate investment. Thanks to the Association of American State Offices, JETRO, the Japan Chamber of Commerce and Industry, the American Chamber of Commerce in Japan, and the Japanese government for contributing so much to our continued partnership.

If you’re a U.S. economic development organization aiming to attract increased FDI from Japan, please contact SelectUSA. We’re organizing a Road Show, May 19-23, in Tokyo, Nagoya, and Osaka, and we’d love to have you join! Last year it sold out, so get in touch soon!

h1

America is Open for Investment

January 22, 2014

Vinai Thummalapally is the Executive Director of the SelectUSA Program. This post originally appeared on the Department of Commerce blog. 

Ambassador Vinai Thummalapally is the Executive Director of the SelectUSA Program.

Ambassador Vinai Thummalapally is the Executive Director of the SelectUSA Program.

In 2011, President Obama launched SelectUSA, the first-ever U.S. government-wide initiative to attract foreign direct investment (FDI) in the United States, with the hopes that the Department of Commerce would help facilitate both foreign and domestic business relationships and make FDI a diplomatic and foreign policy priority.

We took an enormous step forward three months ago, when the Commerce Department hosted the first-ever SelectUSA Investment Summit in Washington, DC. The summit was such a success that it sold out, and more than 1,300 business and government leaders from nearly 60 countries and economic development organizations from 48 states, the District of Columbia and three territories gathered to learn about the advantages of doing business in the United States and to explore investment opportunities. Perhaps most importantly, the Summit helped match potential investors with economic development organizations to help revitalize American communities and create new job opportunities.

Thankfully, we can continue to build upon the success of the Summit, now that the budget deal has been approved.  The agreement will allow up to $7 million to expand and enhance the program, and we at the Commerce Department are pleased to have this extra support to bring more companies to our shores.

In fact, the U.S. has welcomed investment to our shores for centuries. Our market has provided long-term stability and unmatched returns for investors. Today, the United States is the largest recipient of FDI in the world, and in 2012 alone, more than $160 billion dollars of FDI flowed here. Total foreign stock and assets are measured not in billions, but in the trillions of dollars. Clearly, FDI is an important contributor to our economy.

Update: Want more SelectUSA information?  Sign up for our newsletter!

But don’t take my word for it – SelectUSA has already helped bring jobs to the U.S. and foster many business relationships, both foreign and domestic.

For example, the Southern Idaho Economic Development Organization (SIEDO) approached SelectUSA for assistance as they worked with Frulact, a Portugal-based producer of fruit-based ingredients for food. SelectUSA advised SIEDO on the issues that would be critical for the company to consider, while also connecting them directly with our team on the ground in Portugal. After utilizing our advice, SIEDO and Frulact announced plans in October for a state-of-the-art 200,000 square foot facility in Rupert, Idaho, that is expected to employ at least 100 people.

We’re hearing plenty more success stories like this, and the SelectUSA program has proven to be a great “bang for the buck.”

We’re excited to continue enhancing SelectUSA with more congressional funding, and the Department of Commerce is ready to do all it can to connect investors with communities…and to open all avenues to guarantee that American is Open for Business.

After all, as President Obama said in his keynote address at the summit a few months ago, “When you bet on America, that bet pays off.”

h1

The SelectUSA Mission Continues

November 15, 2013
Secretary of Commerce Penny Pritzker reiterated her message that the United States is open for business.

Secretary of Commerce Penny Pritzker reiterated her message that the United States is open for business.

Ambassador Vinai Thummalapally is the Director of SelectUSA.

It’s now been two weeks since the SelectUSA 2013 Investment Summit, and we’re still catching our breath. There was incredible turnout for this first-ever national event, which brought together investors, business leaders, and economic development organizations to attract investment in the United States.

More than 1,300 participants packed the conference hall, coming from 60 international markets and across the United States.  Tickets sold out because people from all over the world believe in the stability, potential, and promise of the American market.

Thank you to all who came, all who expressed interest, and all of the partners and colleagues who made this event a reality.

You can relive some of what happened here in Washington, D.C., through our archived videos, but it’s important to remember that it’s the follow-up and the everyday hard work that will carry forward the SelectUSA mission. As President Obama said in his remarks at the event, the Summit was the starting point to strengthen and expand the program to attract more investment to the United States.

Update: Want more SelectUSA information?  Sign up for our newsletter!

We hope that the Summit was also a starting point for the types of new connections, new opportunities and new ideas that keep our economy moving forward.  More than 650 private, one-on-one meetings were set up through our online matchmaking system, and hundreds more took place on the tradeshow floor.

Through these discussions, federal, state, and local government officials received direct feedback from business leaders and investors on how to better meet their needs. Delegations from 48 states, three U.S.  territories, and the District of Columbia showed investors the numerous advantages to doing business in the United States.

This is where we begin the next phase.

Those connections can lead to the business deals that bring more investment and more American jobs. Our team is following up on inquiries, comments, and possibilities. We know that the investors, along with the state and local economic development organizations, are doing the same.  As you work on your follow-up, SelectUSA can serve as your convenient, single point of contact all year round.

The team at SelectUSA, as well as our colleagues across the United States and at U.S. embassies and consulates worldwide, look forward to taking our mission to the next level.  We hope to be in touch soon!

Thanks again for your interest. If you have questions, comments or you’d like to explore how we can assist you, please let us know.

h1

FDI is a Top Priority for U.S. Economic Development Organizations

August 28, 2013

Paul Krutko is President & CEO of Ann Arbor SPARK, an economic development organization serving the Ann Arbor region of Central Michigan. He is also the current chairman of the board of the International Economic Development Council, the largest non-profit, non-partisan association for economic development and its practitioners.

Paul Krutko is President & CEO of Ann Arbor SPARK, an economic development organization serving the Ann Arbor region of Central Michigan. He is also the current chairman of the board of the International Economic Development Council, the largest non-profit, non-partisan association for economic development and its practitioners.

Paul Krutko

Each incoming chair of the International Economic Development Council (IEDC), the largest organization of economic development professionals in the world, establishes a theme for the upcoming year that will be his or her top priority.

I determined that emphasizing the attraction of foreign direct investment (FDI) as a local and regional economic development strategy would be my theme for 2013. At mid-year we are making significant progress on this priority. I am happy to report that IEDC, through our partnership with SelectUSA, the International Trade Administration, and our coordination with the Economic Development Administration and the Department of Commerce as a whole, has pushed FDI to the forefront of the minds of our members like never before!

IEDC and economic developers from across the U.S. have traveled to Washington this week for a special White House Forum to meet with senior administration officials to discuss topics critical to job creation. From access to capital to workforce development, the challenges facing our profession and the communities we serve are as complex as they are diverse. We are grateful for this opportunity and want to express our appreciation to the Department of Commerce for inviting us to this conference.

Update: Want more SelectUSA information?  Sign up for our newsletter!

I have had the pleasure of working closely with many professionals throughout the federal government to advance FDI and export initiatives both in my own community of Ann Arbor, Michigan, as well as in my travels as chair of IEDC. By the end of my term, these travels will have taken me from coast-to-coast here in the United States, as well as to Western Europe, Brazil, Turkey, and Australia.

The message I have communicated is that economic developers are key actors in rebuilding our local and regional economies, and that FDI attraction is vital to building robust, resilient economies. And for good reason: with hundreds of billions of dollars of capital investment decisions being made annually that cross international boundaries, economic developers in the United States must look beyond their city limits, county lines, and state borders for new opportunities.

We are excited about the recent appointments of Secretary of Commerce Penny Pritzker and SelectUSA Executive Director Vinai Thummalapally. They will provide tremendous enlightened leadership to the team of professionals across the federal government active in economic development.

We look forward to working closely with them as we near both IEDC’s Annual Conference in Philadelphia and SelectUSA’s first-ever Investment Summit here in Washington.

Like our meetings this week, both events will highlight the importance and power of FDI to positively shape a brighter economic future for communities everywhere.

h1

Investing in Our Economic Future: SelectUSA 2013 Investment Summit

August 15, 2013

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

Register now for the SelectUSA 2013 Investment Summit October 31 to November 1, 2013.

Registration for the Summit is now closed.

You don’t have to look far to find something in your life that is produced by an international company operating in the United States. It might be the dishwasher in your kitchen, the brake pads on your car, or the elevator in your apartment building.

You also won’t have to look far to find jobs supported by foreign direct investment (FDI) in the United States. There are more than five million of them throughout the country, covering every state in both rural and urban communities.

Those are five million reasons why FDI is an important ingredient in the recipe for continued economic growth in the United States.

President Obama has made it a priority to attract more FDI to the United States, helping support more jobs and economic growth. A key tool in his efforts is the upcoming SelectUSA Investment Summit.

Update: Want more SelectUSA information?  Sign up for our newsletter!

The Summit will connect global investors with U.S. leaders who are ready to showcase local investment projects. Economic development organizations from 15 states have already confirmed attendance at the event, offering myriad investment opportunities around the country.

Secretary of Commerce Penny Pritzker also announced an impressive lineup of government and business leaders to share important lessons about the advantages of investing in the United States – advantages ranging from our educated workforce, our relatively low energy costs, and the long history of ingenuity, innovation, and entrepreneurship that is synonymous with the “Made in America” label.

Private Sector Speakers include:

  • Andrew Liviris, President, Chairman, and CEO, Dow Chemical
  • Eric Spiegel, President and CEO, Siemens
  • William (Bill) Simon, President and CEO, Walmart U.S.
  • Daniel Doctoroff, President and CEO, Bloomberg L.P.
  • Laurence Fink, Chairman and CEO, BlackRock
  • Douglas Oberhelman, Chairman and CEO, Caterpillar, Inc.

U.S. Government Speakers include:

  • U.S Secretary of State Penny Pritzker
  • U.S. Secretary of State John Kerry
  • U.S. Secretary of the Treasury Jack Lew
  • U.S. Trade Representative Michael Froman

Keep up with additions to the SelectUSA Investment Summit’s lineup of speakers

The Summit will also include various informational breakout sessions, including the benefits of investing in the United States, opportunities for reshoring, business-related visa issues, and promoting and safeguarding innovation.

International and domestic businesses, global investors, economic development professionals, advisors and academics will all benefit from attending the Summit.

Pre-registration is now open for the nation’s premier investment event of 2013. The SelectUSA team is available to answer any questions you may have.

We hope to see you in October!

Follow

Get every new post delivered to your Inbox.

Join 348 other followers