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USA Spends Seven Years Atop Key Business Index

May 7, 2019

Brian Lenihan is the Executive Director of SelectUSA in the International Trade Adminsitration

Some say that a person needs to hear a fact seven times before they will remember it. It’s called the Rule of 7. Whether it’s fact or fiction, I can’t be the judge. But in my time working at the International Trade Administration, I have come up with a Rule of 7 on my own: If global CEOs agree on something for seven years, everyone should commit it to memory.Graphic

The fact at hand is this: The United States is the best place in the world for global businesses to invest and grow.

That’s what global CEOs have said in A.T. Kearney’s annual FDI Confidence Index. For seven consecutive years, business leaders that are growing their companies around the world have said there is no better place to invest than here in the United States.

In honor of seven years earning the top spot as a business investment destination, here are seven reasons the United States is the best place to do business:

1. Sustained Economic Growth: The United States economy has grown at a greater than 2 percent clip for eight consecutive quarters, including a 3.2 percent growth rate in Q1 2019 that beat market expectations.
2. Powerful Consumer Market: Businesses operating in the United States have direct access to the world’s largest consumer market, as ranked by the World Bank.
3. A Fair Corporate Tax Rate: The Tax Cuts and Jobs Act decreased the corporate tax rate from 35 percent to 21 percent, meaning businesses can invest more of their revenues back into their operations.
4. A Simpler Regulatory Environment: The Administration has focused on removing redundant regulations that presented an unnecessary hurdle to doing business.
5. Intellectual Property Protections: Companies and entrepreneurs can innovate in the United States without worry that their intellectual property will be compromised.
6. World-class Productivity: The U.S. workforce is more than 37 percent more productive than the Organization for Economic Cooperation and Development average.
7. An Environment for Entrepreneurship: The U.S. legal system provides predictability and freedom from corruption that allows businesses and entrepreneurs to invest with confidence, as reflected by the United States’ number 1 ranking in the Global Entrepreneurship Index.

Thousands of foreign-owned businesses have used these reasons to grow in the United States, and their impact is significant: FDI supports nearly 14 million U.S. jobs.

If you are looking to enter or expand into the U.S. market, the SelectUSA Investment Summit is a must-attend event. The latest FDI Confidence Index underscores the fact that the United States is open for business; the Investment Summit will show how your business can take advantage of the opportunities offered in the world’s largest and most attractive market. I hope you’ll join us this summer.

For more information about the SelectUSA Investment Summit, please visit selectusasummit.us.