Archive for the ‘Foreign Direct Investment’ Category

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America Welcomes the World’s Business

November 12, 2019

By Secretary of Commerce Wilbur Ross

America is where the world does business. It is not difficult to see why: companies expanding here will find a culture of innovation, dedication to hard work, and a high quality of life. From its inception. it has been the job of SelectUSA to encourage companies to benefit from these unmatched and unparalleled advantages the U.S. has to offer.

More formally put, the mission of SelectUSA is to facilitate job-creating business investment into the United States and raise awareness of the critical role that economic development plays in the U.S. economy. One of the primary avenues where this mission is accomplished is through the annual SelectUSA Investment Summit.

Today, I am pleased to announce that registration is open for the 2020 SelectUSA Investment Summit — where companies looking to invest in the United States can learn the skills and make the connections to fuel their business’ growth in America. In 2020, the Investment Summit will take place June 1-3, at the Washington Hilton, in Washington, D.C.

Year after year, the Investment Summit buzzes with energy, creating an environment of entrepreneurship, excitement, and potential. Thousands of people from all over the world come here to gain insight into the business environment, learn of industry trends, and bring business deals to fruition. International delegates connect with economic development organizations (EDOs), all of whom can showcase the unique resources of their states and towns, while service providers exhibit the variety of assistance they can offer to expanding companies.

SWR Ivanka Barbara Humpton -SUSA 2019 registration 1101219

The 2019 SelectUSA Investment Summit welcomed more than 3,100 attendees, including global business leaders, U.S. economic development professionals, and leaders from the top of the U.S. government. Pictured here are Commerce Secretary Wilbur Ross, Advisor to the President Ivanka Trump, and Siemens USA CEO Barbara Humpton.

Additionally, our Academy sessions demystify the process of investing in the United States. Topics range from understanding how to finance a startup company to navigating the U.S. visa process. These sessions are planned with our attendees’ interests in mind, as we accept proposals for topics and speakers to include on the agenda.

The 2019 Investment Summit was the most successful to date, where more than 1,200 international delegates connected with nearly 800 EDO representatives and 300 service providers from nearly every state and territory in the U.S. The Investment Summit has directly impacted more than $32.5 billion in U.S. investment projects supporting more than 38,400 U.S. jobs. At the recent 2019 Investment Summit, four investment announcements were made with a value of nearly $100 million, which will in turn create new jobs for American workers. We hope to build upon these successes.

In 2020, we are excited to help you and your company reach its full potential in the United States at the SelectUSA Investment Summit.

I hope to see you there.

Click here to apply.

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Richmond, Virginia: Providing a Soft Landing Since 1607

October 29, 2019

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

The Greater Richmond Partnership, Inc. (GRP) is the lead regional economic development organization for the City of Richmond and the counties of Chesterfield, Hanover and Henrico in Virginia.

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

You could say that the first foreign direct investment occurred in 1607 when English settlers founded the Richmond Region in Virginia. Soon thereafter the nation’s first hospital was built, the first university was chartered, and the first ironworks were established.

Richmond VA guest blog 102919

Photo via Creative Dog Media

Today, the Richmond Region is home to more than 220 international firms from 26 countries employing 24,600 residents. From advanced manufacturing to supply chain and finance to technology, international firms love the region’s quality of life and affordable business costs.

The biggest challenge for international companies is finding the right location and much like explorers John Smith and Christopher Newport, businesses are still finding their way to the Greater Richmond Region:

  • Sabra Dipping Company operates the world’s largest hummus factory in the region.
  • A locally-based Rolls-Royce manufacturing facility anchored two suppliers, Erodex and Pryor Technology. The two UK-headquartered companies were seeking to improve existing customer relations while expanding its offerings.
  • German company iMPREG Group expanded its operations with a North American headquarters.
  • Polykon Manufacturing, a joint venture between two Air Liquide entities (France), is completing its $60 million facility to produce consumer cosmetics.
  • ERNI Electronics, Inc., a Swiss-based manufacturer of electrical connectors for the automotive, medical, and communications fields, is investing $25 million to establish a new 80,000-square-foot facility.

The United States is the largest economy in the world, so opportunities abound for new businesses. However, most of our clients are adapting from their home market with different business cultures, systems and regulations. GRP encourages international firms to maximize their efforts and resources by taking advantage of expert advice and doing things right the first time. When a company visits the Richmond Region, GRP schedules an itinerary loaded with meetings with industry leaders, local partners and service providers.

GRP’s Global Assistance Program is a one-stop shop designed to provide these essential connections for firms exploring opportunities in the U.S. market. Our roster of referral partners and experienced professionals have a proven track record with international businesses. Company information is always kept confidential and the first meeting with any of our partners is complimentary and without obligation. Available services, include legal advice, , financing, development and real estate, insurance, and marketing.

But don’t take our word for it. In fact, many of GRP’s former clients have served as the best salespeople for the Richmond Region. Several firms even serve on GRP’s International Advisory Committee, which provides valuable expertise and insight for companies considering the U.S. market.

It’s a lot easier following an expert’s map than stumbling through unchartered territory.

For more information on GRP, please visit the organization’s website at grpva.com.

About SelectUSA

Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States.

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Key Takeaways from BEA’s Latest FDI Data

October 22, 2019

Kimberly Aagard is a Research Analyst at SelectUSA

With the latest update of the Bureau of Economic Analysis (BEA) foreign direct investment (FDI) data recently released, the Investment Research team at SelectUSA couldn’t resist an opportunity to delve into the numbers and to follow up from our colleague’s previous post.

In 2018, the inward position of FDI in the United States totaled $4.3 trillion, which was an increase of eight percent from 2017. [Note: This statistic measures investment from the foreign ultimate beneficial owners (UBOs) that drive the decision to invest in the United States.] Over the past five years, the compound annual growth rate of the inward FDI position in the United States has been a strong 9.8 percent.

The largest six markets by UBO maintained their 2017 rankings of FDI position into the United States in 2018: in order, the United Kingdom ($597.2 billion), Canada ($588.4 billion), Japan ($488.7 billion), Germany ($474.5 billion), Ireland ($385.3 billion), and France ($326.4 billion). Together, these markets were the ultimate point of origin for more than 65 percent of all FDI in the United States – almost $2.9 trillion!

top 6 sources of US FDI 102219

Many of the markets that are the largest sources of FDI into the United States also have FDI positions that are growing quickly. Belgium, Bermuda, Canada, China, Ireland, and South Korea are among both the top 15 largest and the top 15 fastest-growing sources of FDI in the United States by position. In addition, Argentina, the fastest-growing market for FDI in the United States in 2018, had a compound annual growth rate from 2013 to 2018 of 57.9 percent! [Note: The metric for the fastest-growing sources of FDI ranks only markets with 2018 FDI stock in the United States valued at least $1 billion.]

world map for BES-FDI Data Blog 102219

Source: SelectUSA calculations based on FDI data from the Bureau of Economic Analysis. www.bea.gov Accessed October 2019.

While the United Nations Conference on Trade and Development (UNCTAD) found that global FDI flows continued to decline from 2017 to 2018, the United States retained its dominant position as the top destination worldwide for FDI in 2018. Annual flows can fluctuate from year to year; however, FDI flows (which are measured by foreign parent instead of UBO) into the United States still totaled more than $250 billion in 2018.

When examining the FDI position in the United States by industry of the U.S. affiliate, the share of the position of each industry remained largely similar from 2017 to 2018. The manufacturing sector continued to make up the largest share, at almost 41 percent of the total FDI position in the United States in 2018. However, retail trade had the largest year-over-year growth in its position among industries from 2017 to 2018 (67.2 percent), followed by the real estate and rental and leasing sector (42.4 percent).

In 2018, manufacturing also made up the largest industry sector of FDI coming to the United States from almost all regions of the world: Europe, Asia and Pacific, Canada, Latin America, and the Middle East. The only region where manufacturing was not the largest sector of FDI was Africa, for which data on manufacturing FDI was suppressed.

BEA FDI blog-Position of FDI graphic 102219

Source: Bureau of Economic Analysis. www.bea.gov Accessed October 2019.

Stay Current on FDI
If you’d like more information about this latest release, SelectUSA recently hosted a webinar with BEA experts to discuss the data. You can find a recording of that webinar here.

Keep your eyes open for BEA’s next data release on FDI topics in November: the Activities of U.S. Affiliates of Foreign Multinational Enterprises (MNEs) series, which indicates the number of U.S. jobs, the level of spending on research and development (R&D), and the value of U.S. exports supported by FDI in the United States.

For more information on FDI in the United States, sign up for email updates from SelectUSA and visit SelectUSA.gov for resources such as FDI fact sheetsinteractive data tools, and informative reports. You can also follow and contribute to our #FDIintheUSA campaign on Twitter!

 About SelectUSA
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States.

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

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The Intersection of Manufacturing & FDI: Job Creation

October 4, 2019

SelectUSA’s Investment Research Team works to create an environment where data inspires, supports, and informs investment policy and promotion.

This Manufacturing Day we are highlighting the positive impact of investors in manufacturing. Whether a business decides to expand existing operations in the United States, or a new international investor opens a manufacturing plant for the first time, U.S. communities reap rewards. These benefits can be seen in stories across the country.

Re-selecting the USA
Earlier this year, SelectUSA released a report titled Reinvesting in the USA: A Case Study of Reshoring and Expanding in the United States. It profiled six examples of U.S.-based businesses that chose to reshore or expand operations in the United States rather than abroad. Each of these companies had a positive impact on the U.S. workers they employed and the communities surrounding them – the kind of real-world details about manufacturing that can often get lost in macroeconomic analysis.

Companies such as Sherrill Manufacturing support U.S. jobs with their dedication to manufacturing in the United States. Between 2013 and 2014, Sherrill reshored its entire operation from Mexico to a facility in upstate New York. Sherrill’s “factory-to-table” model not only allows consumers to purchase directly from the manufacturer, but also enabled the company to more than double manufacturing employment at its New York facility. Today, Sherrill Manufacturing employs more than 50 workers.

Sherrill’s investment also supports a historic manufacturing community in upstate New York, ranging from suppliers who provide the company with U.S.-made steel to small businesses that serve manufacturing workers, such as the local pizza parlor. By choosing to reinvest in the United States, Sherrill Manufacturing has helped strengthen the local manufacturing industry, enhancing employment and the economic gains that accompany it.

The Bigger Picture: FDI in U.S. Manufacturing
It is also useful to look at the macroeconomic data on manufacturing investment in the United States. Our colleagues at the Bureau of Economic Analysis provide robust data on foreign direct investment (FDI) in the United States each year. In 2018, investment in the manufacturing sector represented 41 percent of the total FDI position in the United States, up from 32 percent in 2008. With a compound annual growth rate (CAGR) of 13 percent during the last five years, FDI in U.S. manufacturing is outpacing the all-industry comparable CAGR of 10 percent economy-wide growth. This increased representation of manufacturing in the U.S. FDI portfolio speaks to U.S. manufacturing competitiveness in the global economy.

FDI has an undeniable impact on the U.S. economy and U.S. workers. According to the latest available data, FDI directly supported nearly 2.5 million manufacturing jobs in 2016. This means that investment by foreign-owned firms in the United States was responsible for 20 percent of all U.S. manufacturing employment that year.

Of all source markets in 2016, Japan supported the largest number of jobs in the manufacturing industry (approximately 397,000), followed by Germany (287,800), the United Kingdom (275,600), and France (213,300). Of the FDI in manufacturing subsectors, transportation equipment supported the most jobs (509,900), followed by chemical manufacturing (364,400), and food manufacturing (301,000).

Where is manufacturing FDI going in the United States?
FDI in the manufacturing industry supports jobs in all U.S. states, territories, and the District of Columbia. Not surprisingly, the states with the highest levels of employment supported by manufacturing FDI are some of the most populous in the nation: California (where approximately 200,000 FDI manufacturing jobs are supported – the highest total of any state) and Texas (181,500).

In addition, manufacturing FDI is responsible for a significant component of overall employment resulting from FDI. In 10 states, the majority of FDI-supported jobs are in the manufacturing sector, with the highest percentage in South Dakota (66 percent of jobs supported by FDI resulting from the manufacturing sector), Michigan (64 percent), and Nebraska (63 percent).

Percentage of FDI Employment in Manufacturing 2016

Graphic for SUSA Mfg Blog 100219
Data Source: Bureau of Economic Analysis. Accessed 9/2019.

On a regional basis, the total employment resulting from FDI in manufacturing was highest in the Southeast (698,500) and the Great Lakes (590,900). However, the average employment level of a Great Lakes state resulting from manufacturing FDI was more than twice as high as that in a Southeast state (118,180 on average in a Great Lakes state compared to 58,208 in a Southeast state). As a result, more than 51 percent of all FDI-supported employment in the Great Lakes was in the manufacturing sector.

SelectUSA Loves Manufacturing in the United States
Whether you’re looking at a favorite local restaurant’s day-to-day business or state-level economies, domestic manufacturing’s contributions cannot be understated. Both the FDI of international companies in the United States and the reinvestment efforts of domestic firms provide this key support. On this Manufacturing Day, we’d like to applaud them and the hardworking U.S. workers they employ!

For more information
For more information on FDI in the United States, sign up for email updates from SelectUSA and visit SelectUSA.gov for resources such as FDI fact sheetsinteractive data tools, and informative reports. You can also follow and contribute to our #FDIintheUSA campaign on Twitter!

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Business Incentives Continue to Play a Key Role in U.S. FDI Leadership

September 17, 2019

SelectUSA is a program led by the U.S. Department of Commerce that facilitates and promotes job-creating business investment into the United States

Global companies are drawn to the United States for many reasons: a highly productive and educated workforce, low-cost supply of energy, direct access to the world’s most robust capital markets, and mucmoreBut how much of our nation’s continued success in this arena should be attributed to incentives given to businesses by state and local governments? They receive a great deal of attention, but how much do companies actually consider incentives when determining where to invest?

Business executives are quite forthcoming with answers to the question. Many of the companies that SelectUSA has assisted have made it clear: incentives are a very important consideration, but not the most important one. Companies consider a mix of variables and factors: costs, location, supply chains, ease of doing business, etc. Consistently, the United States stands out as the best place to do business.SelectUSA_FullColor-hires_575 (002)

The United States has topped the A.T. Kearney FDI Confidence Index seven years in a row. The Index, a survey of global CEOs’ confidence in the world’s markets, highlights the top factors considered in business expansion and how markets stack up. In 2019, pro-business regulations, competitive tax rates, and economic expansion helped lead to another year of U.S. leadership in international investment. But economic incentives were also ranked among the top of the list of considerations.

State and local governments create incentives packages for companies in order to attract investment and create job opportunities in their local areas. Often given on the basis of job creation or economic impact, incentives can include grants, loans, tax and job training subsidies. These incentive packages can sometimes total in the millions or billions of dollars, but their size is contingent on the magnitude of the proposed business project. The federal government also offers a wide array of incentives, from clean energy production tax credits to export credit insurance for small businesses.

The investment process itself can seem complicated, and many companies don’t know where to start. Luckily SelectUSA is here to help companies navigate the process and connect with the right resources and incentives at the local level. Visit selectusa.gov to learn more. The United States is open for your business.

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BEA’s New FDI Numbers Point to Sustained Economic Growth for the USA

August 23, 2019

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

Audrey Cheng is an intern for SelectUSA

Graphic stating: FDI IN THE USA, $4.34 TRILLION, 7.1 MILLION U.S. JOBS DIRECTLY SUPPORTEDThe data is in: the United States Bureau of Economic Analysis (BEA) released the most recent numbers for global foreign direct investment (FDI) into the United States, and they’re good news for the country’s continued prosperity. Total stock of FDI in the United States reached $4.34 trillion in value in 2018. This is an incredible $319.1 billion increase from 2017, when we had just surpassed $4 trillion in FDI.

Here is a breakdown:

  • The largest increases were in the industries of manufacturing, retail trade, and real estate.
  • Manufacturing accounted for 40.8 percent of the total FDI value in the United States, followed by 12.1 percent in finance and insurance.
  • Based on the country of the ultimate beneficial owner, five countries accounted for more than half of all the FDI in the United States. These countries aren’t just top sources of FDI – they represent the strongest economic relationships in the world. In order, they are: The United Kingdom, Canada, Japan, Germany, and Ireland.
  • Majority foreign-owned companies in the United States earned income of $208.1 billion on their cumulative investment in the United States. This is nearly 20 percent higher than in 2017.

To all of us at SelectUSA, this increase in investment is an assuring pat on the back but not a surprise. It reinforces what we know: America is the premier destination in the world for FDI.

As we look back at the BEA numbers of the past fiscal year, we are also looking toward a positive future. The 2019 A.T. Kearney Confidence Index ranked the United States as the nation likely to receive the most FDI in the coming three years. The World Bank’s Doing Business 2019 named us among the top nations globally for the ease of doing business—and number one among countries with populations more than 100 million.

This shows that the United States is doing all the right things to give companies the opportunities they need to be competitive. Businesses of all sizes have recognized that our huge consumer base, productive workforce, and pro-business policies here are unparalleled anywhere else in the world.

The U.S. economy is thriving and the continued increase in FDI will create even more career opportunities for hardworking Americans into the future. SelectUSA will continue to make sure that companies have all the resources they need to be successful in the United States.

To learn more about SelectUSA’s services, the U.S. business and investment climate, and how FDI benefits the U.S. economy, visit selectusa.gov and follow @SelectUSA on Twitter.

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More Than Four Trillion Dollars: FDI in the USA in 2017

August 2, 2018

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

By Elizabeth Schaefer, Director of Investment Research, SelectUSAInfographic listing Top Sources of FDI in the USA according to BEA

Following the flurry of activity from the SelectUSA Investment Summit, it is always a welcome change of pace to take some time in the heat of Summer to reflect on the state of foreign direct investment (FDI) in the United States. As SelectUSA’s resident economist, taking stock of how things have changed isn’t just figurative; it is quite literal.

So, I was excited to see that the United States had reached a record total of $4 trillion in FDI stock, according to 2017 FDI Inward Stock data released by the Bureau of Economic Analysis (BEA).

Foreign direct investment, as defined by BEA, generally captures a long-term relationship with the management of a foreign enterprise which is usually linked with the real output of the country in which it operates.

This updated data, measured by ultimate beneficial owner (meaning that there is a majority foreign-owned entity atop its U.S. affiliate’s ownership chain), provides a picture of which economies are the largest and fastest growing investors in the United States. The $4 trillion mark is an exciting and new record. But in 2017 alone, the flow of FDI into the United States was $277.3 billion.

It is important to note that these annual flows can be volatile, rising one year and falling the next depending on a wide array of global factors. Indeed, in 2017, the annual FDI flow dropped 41 percent from 2016. According to the United Nations Conference on Trade and Development, 2017 was a year of decreased FDI flows around the world, so a decrease in the United States fits the global business pattern. Despite the decrease, the United States still maintains the title of the world’s top FDI destination.

Map showing global sources of FDI in the United StatesThe latest available data also shows continued, strong investment relationships with markets like the United Kingdom ($614.9 billion total stock), Canada ($523.8 billion), Japan ($476.9 billion) and Germany ($405.6 billion). In fact, these top four sources combined account for more than half of all FDI in the United States. However, the top four fastest-growing sources—collectively accounting for less than three percent of the total stock—are Greece ($1 billion), Argentina ($4.6 billion), Thailand ($2.2 billion) and Singapore ($88.6 billion).

What’s Next?

BEA will release more FDI data November 8, including the number of jobs directly supported, state and industry specifics, research and development spending, and more. Stay tuned for details on a SelectUSA webinar on the data later this year! Sign up for email updates and visit SelectUSA.gov for FDI fact sheets, interactive data tools, and more.

You can also follow our #FDIintheUSA campaign on Twitter!

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Modernizing America’s Infrastructure with Foreign Direct Investment

June 15, 2018

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

Guest blog post by Brian Lenihan,  Acting Executive Director of SelectUSA

From expansive freeways and bridges to thriving seaports and airports, infrastructure is the backbone of the U.S. economy, fueling U.S. competitiveness by creating efficient supply chains, reliable energy information, as well as modern and secure transportation systems.

However, years of underinvestment in infrastructure have partially handicapped U.S. growth potential. As the United States now turns toward reinvesting in its infrastructure, there are countless business opportunities for domestic as well as international firms.

Photo of roadways in the United States.

The SelectUSA Investment Summit’s focus on infrastructure this year is demonstrative of the Trump Administration’s commitment to restoring the infrastructure of this country to its full potential, creating economic growth and American jobs in the process.

On Friday, June 22, April Palmerlee, CEO of the American Chamber of Commerce in Australia, will lead a panel on rebuilding and modernizing America’s infrastructure at the 2018 SelectUSA Investment Summit. The panel will highlight President Trump’s “Building a Stronger America” initiative with a focus on regulatory reduction in the permitting process and creative financing, both key to addressing these needs through public-private partnerships as a source of funding at the state and federal levels.

The U.S. Department of Transportation’s Build America Bureau will also lead a session during the Investment Summit Academy on Wednesday, June 20. Roger Bohnert, Director of the Office of Outreach and Development, will explain how local and state-level economic development organizations can find support for infrastructure projects through the Department of Transportation.

The SelectUSA Investment Summit’s focus on infrastructure this year is demonstrative of the Trump Administration’s commitment to restoring the infrastructure of this country to its full potential, creating economic growth and American jobs in the process.

The 2018 SelectUSA Investment Summit (June 20-22) is the highest-level foreign direct investment event in the United States. U.S. economic development organizations and international business investors will converge in Washington, D.C., to hear from industry experts and high-ranking government officials providing insight into several key areas of U.S. strength: workforce development, the burgeoning commercial space industry, and advanced manufacturing.

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SelectUSA’s $30 Billion Impact on the U.S. Economy

June 7, 2018

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

This post originally appeared on the Department of Commerce blog.

Guest blog post by Steven Meyers, Director of Outreach and Communications, SelectUSA 

SelectUSA graphic announcing more than $30 billion of greenfield investment into the United States since its inception.

This month, the SelectUSA team hit a major milestone, having now facilitated more than $30 billion in client-verified business investment projects.

Foreign direct investment (FDI) in the United States is a key contributor to U.S. economic growth, directly and indirectly supporting nearly 13 million American jobs. It contributes to U.S. exports, drives innovation, and – most importantly – sends hardworking Americans home with a paycheck.

Since 2007, the SelectUSA program has worked with thousands of clients – business investors, economic development organizations (EDOs), and other leaders – to support job-creating FDI in the United States. Just this month, the SelectUSA team hit a major milestone, having now facilitated more than $30 billion in client-verified business investment projects.

This is the culmination of years of working with clients, hosting global business events, and working closely with American EDOs.

This past year was especially strong, as the SelectUSA team:

  • Held the largest-ever SelectUSA Investment Summit, with more than 1,200 potential business investors and economic development representatives from 52 states and territories.
  • Brought 10 European medical technology startups to Pittsburgh, Cleveland, and Austin as part of its first inbound investment mission.
  • Hosted investment road shows in India and China that facilitated more than 300 meetings between EDOs and potential business investors.
  • Released its first-ever research reports, analyzing the positive effects of FDI on manufacturing and high-tech industries.
  • Led 20+ EDO delegations to some of the largest trade shows in the world, including Hannover Messe in Germany and BIO Korea.

We were also happy to share many FDI success stories on the International Trade Administration blog. Swiss additive manufacturing company Oerlikon decided to invest $62 million in Huntersville, North Carolina, after attending the 2016 SelectUSA Investment Summit. A.T. Kearney ranked the United States as the world’s top destination for business investment for the 5th year in a row. And Mahindra recently shared its reasons for investing in the United States, creating jobs in Michigan.

Our team at SelectUSA and our partners in the economic development community make this all possible. I thank them for their dedication and hard work.

You may not have heard of SelectUSA, and you may not regularly think about the impact of FDI, but millions of U.S. workers rely on FDI for their livelihood. We are proud to support that, and we look forward to working with more clients and helping to create U.S. jobs.

Learn more about the upcoming 2018 SelectUSA Investment Summit, June 20-22, in Washington, D.C. at selectusasummit.us. Visit selectusa.gov for more information about our services, events, and more. You can also follow us on Twitter @SelectUSA.

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SelectUSA: Playing FDI Matchmaker

May 22, 2018

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

Steven Meyers is the Director of Outreach and Communications for SelectUSA

SelectUSA Investment Summit logoThe annual SelectUSA Investment Summit brings global business investors and economic developers together under one roof to spark job-creating foreign direct investment (FDI) deals. But beyond the four (large) walls of the 79,000-sq.-ft. Exhibition Hall, the core function of the Investment Summit is matchmaking, which happens digitally…and seamlessly. Next month, attendees will have access to a dynamic and user-friendly matchmaking platform, which is included with registration.

Most importantly, the platform—available via desktop and mobile app—will allow attendees to share information with other users, including meeting requests, exchanging virtual business cards, and searching for opportunities.

Digital matchmaking at last year’s Investment Summit played a critical role in bringing investors and economic developers together. Matchmaking at the Investment Summit – which featured more than 2,200 scheduled meetings – laid the foundation for job-creating investment projects across the country. One of those projects, a $100 million, 400-job distillery in New York, was borne out of talks between Romanian company Alexandrion and Empire State Development.  Another, Takigawa Corp. Japan’s 180-job manufacturing plant in Bardstown, Kentucky, came about as a direct result of SelectUSA meetings at the 2017 Investment Summit.

We hope for more projects like these to be launched at the 2018 SelectUSA Investment Summit. If you are part of a U.S. economic development organization or an international company considering the United States as its next investment location, we encourage you to register for the top FDI event in the country. SelectUSA invites you to join us in June.  Invest, grow, and succeed in the United States.