Archive for the ‘Foreign Direct Investment’ Category


Eastern Idaho Secures Its First Foreign Direct Investment

February 9, 2018

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Guest post by Lisa Buddecke, Regional Economic Development for Eastern Idaho

Photo of Sakae Casting President and CEO Takashi Suzuki and Lt. Governor of Idaho Brad Little at the 2017 SelectUSA Investment Summit, June 20, 2017.

Sakae Casting President and CEO Takashi Suzuki and Lt. Governor of Idaho Brad Little at the 2017 SelectUSA Investment Summit, June 20, 2017.

Eastern Idaho, known for its Innovation Corridor – featuring extensive science, technology, and research sectors – secured its first foreign direct investment (FDI) success as a direct result of SelectUSA.

In the spring of 2017, Regional Economic Development for Eastern Idaho (REDI) celebrated the grand opening of two Japan-based metal fabrication businesses, Sakae Casting and Ohzen, in Idaho Falls. These investments, the first for both companies in the United States, were finalized after meeting with the Idaho team and SelectUSA representatives at the 2016 SelectUSA Investment Summit.

This FDI came about in a unique way. REDI’s CEO Jan Rogers first contacted Sakae Casting during its 2016 visit to Idaho Falls, thanks to a sister city program between Idaho Falls and Tokai-mura, Japan. At the recommendation of Rogers, Sakae, together with the company’s partner Ohzen, attended the SelectUSA Investment Summit later that summer.

“Thanks to Sakae Casting and Ohzen’s success at the SelectUSA Summit, their representatives returned to Idaho Falls to meet with potential partners, including the University of Idaho, Boise State University, and local advanced manufacturing companies,” Rogers said. “With support from our contacts at SelectUSA, Sakae decided to open its first U.S. location here to focus on research and development and partner with our universities, nuclear, and advance manufacturing companies in product development and sales.”

Selecting Idaho Falls was an ideal fit for Sakae and Ohzen. With the University of Idaho, Idaho State University, Brigham Young University-Idaho, and Idaho National Laboratory in the region, these entities are already beginning to pay off for Sakae Casting.

In November 2017, the Idaho Department of Commerce awarded a nearly $238,000 Idaho Global Entrepreneurial Mission (IGEM) grant to the University of Idaho, Boise State University, and the Center for Advanced Energy Studies to partner with Sakae Casting on research and development on spent nuclear fuel storage and cooling capabilities. The results of this partnership could impact nearly 100 nuclear power sites. The IGEM funding is vital to kick-starting Sakae’s extensive R&D efforts.

Without Sakae Casting attending the SelectUSA Investment Summit and SelectUSA’s ongoing support throughout the process, none of this would have been possible. This successful interaction is a testament to how valuable SelectUSA can be in fostering and supporting FDI in the United States, and how FDI projects can grow foreign capabilities and economic development years after the initial investment.

To learn more about the upcoming 2018 SelectUSA Investment Summit (June 20-22), please visit



Incorporating FDI in Economic Development: How the U.S. Economic Development Administration (EDA) Helps

January 5, 2018

This post originally appeared on the U.S. Economic Development Administration blog

By Peter Torpey, Intern, SelectUSA

SelectUSA and EDA slogansAs chair of the Federal Interagency Investment Working Group (IIWG), SelectUSA works across the federal government to coordinate and streamline policies and programs that affect foreign direct investment (FDI) in the United States. A significant part of that mission includes making resources readily available to the public, which is why SelectUSA and the EDA came together for the latest edition of the SelectUSA USG Webinars last month.

This webinar helped participants gain a thorough understanding of how EDA works with eligible grantees to support local strategies designed to attract FDI. Additionally, EDA specialists explained how their grants support the conditions needed to foster strong regional economic ecosystems that are attractive to foreign investors.

Working in concert with its grantees and state and regional economic development organizations (EDOs), EDA’s investment priorities , are designed to help establish a foundation for sustainable job growth, and the development of durable regional economies throughout the United States.

So, how exactly does EDA assist EDOs in attracting foreign investors?

EDA’s grantees are supported through a portfolio of flexible grant tools, which can help communities looking to advance their FDI strategies take control of their future, and position themselves for economic prosperity and resiliency.

A key EDA program that can help communities develop and implement these strategies is its Planning Program. The Planning Program invests in a national network of EDA-designated Economic Development Districts (EDDs), as well as Indian Tribes and other eligible recipients to support long-term strategic economic development planning efforts.

Through the development of Comprehensive Economic Development Strategies, regions have established and maintained robust economic ecosystems by helping to build regional capacity that contributes to individual, firm, and community success.

EDA’s Public Works and Economic Adjustment Assistance Programs can help communities implement their strategies. Through the Public Works program, eligible grantees can revitalize, expand, and upgrade their physical infrastructure to support new industry, business expansion, and economic diversification to generate or retain long-term, private sector jobs and investment. The Economic Adjustment Assistance Program – EDA’s most flexible program – helps communities adjust or bring about change to an economy through investments in infrastructure, planning, technical assistance, and access to capital.

In addition, EDA serves as the Federal Government’s lead for the integration of Federal economic development resources.

The webinar will be available on the SelectUSA website in February 2018. For an electronic copy of the EDA presentation, or for more information on future SelectUSA USG Webinar Series presentations slated for 2018, please email the SelectUSA Events team.


An American Delegation of States in Paris (to Promote FDI)

December 11, 2017

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By Marie-Josee Andrieu, Investment Specialist at the U.S. Embassy in Paris, France, SelectUSA

SelectUSA logoFrance is the sixth-largest source of foreign direct investment (FDI) into the United States and an important international trading partner. Majority French-owned firms directly support more than 677,000 American jobs, while majority U.S.-owned firms directly employ 440,000 French workers. A central goal of the U.S. Embassy in Paris is to strengthen these bonds through increased cooperation and understanding.

SelectUSA and the Council of American States in Europe (CASE) recently hosted a “Set Up, Expand, and Succeed in the United States” seminar for 30 French companies planning to invest in the United States. We were joined by economic developers from 10 CASE member states: Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Ohio, Missouri, and South Carolina.

A panel of FDI experts provided attendees with information on the U.S. investment climate, as well as legal and regulatory considerations. French aerospace company Safran, which launched its U.S. operations in the 1970s, joined the panel to discuss its experiences.

Initial discussions between French companies and U.S. economic developers took place during more than 80 meetings at the event. We look forward to a continuing dialogue among these companies and CASE to promote potential investments. We hope to see many of the participants at the upcoming 2018 SelectUSA Investment Summit, June 20-22, in Washington, D.C.

For more information on the premier FDI event in the United States, please visit


Registration Now Open For 2018 SelectUSA Investment Summit

December 1, 2017

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

This post originally appeared on the Department of Commerce blog.

Post by Wilbur Ross

U.S. Commerce Secretary Wilbur Ross speaking to the audience at the 2017 SelectUSA Investment Summit.
U.S. Commerce Secretary Wilbur Ross at the 2017 SelectUSA Investment Summit.

Today, I am pleased to announce that registration is open for the 2018 SelectUSA Investment Summit, with this year’s theme of: Invest Here. Grow Here. Succeed Here.

The SelectUSA Investment Summit will take place on June 20-22, 2018, at the Gaylord National Resort and Convention Center near Washington. The goal is to connect global business leaders with U.S. states and their economic development organizations (EDOs) to facilitate foreign direct investment (FDI) in the United States.

The Summit is the pre-eminent event highlighting inbound investment opportunities throughout the United States, and our record of success proves that. Since our first Summit four years ago, participants have announced more than $71 billion in new investment projects into the United States, supporting thousands of jobs, expanding exports, and driving innovation through manufacturing, services, and increased research and development.

The Summit has helped the United States attracts more FDI than any other country in the world, with a total of $3.7 trillion at the end of 2016. These investments support more than 13 million direct and indirect U.S. jobs, and account for more than one-quarter of all U.S. goods exports of $353 billion.

The 2017 Summit attracted more than 3,000 attendees, including more than 1,200 global investors from 64 different markets and more than 600 economic development officials from 51 states and territories.

The Summit displays the pro-growth environment President Trump is creating through initiatives such as regulatory relief, tax reform, and increased energy production. I am confident these will help to maintain the United States as the #1 investment destination in the world. I look forward to seeing you next June at the Summit.

For registration and information regarding the 2018 SelectUSA Investment Summit, go to


Celebrating Manufacturing Day with a Focus on FDI

October 23, 2017

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By Mark Schmit, National Accounts Manager, Manufacturing Extension Partnership, National Institude of Standard and Technology (NIST) 

An employee of UK-based manufacturing company Domtar provides high school students with a tour of the company’s facility in Rock Hill, S.C. on Oct. 6.

An employee of UK-based manufacturing company Domtar provides high school students with a tour of the company’s facility in Rock Hill, S.C. on Oct. 6.

Although I believe Manufacturing Day is an everyday affair, the official 2017 Manufacturing Day has come and gone. On October 6, modern-day manufacturing was showcased to students, teachers, parents, prospective employees, elected officials, and more at over 2,800 separate events across the country.

It is neither a stretch nor an exaggeration to believe that Manufacturing Day 2017 accomplished what it set out to do—celebrate modern manufacturing and inspire the next generation of manufacturers in this country. Manufacturers build the things that power, move, and shape America. On October 6, manufacturers across the country opened their doors to show their community what manufacturing is all about.

South Carolina manufacturers have been a mainstay of Manufacturing Day participation since the beginning. Year after year, they have opened their doors to educate visitors. This year, 19 events were held statewide, six of which the South Carolina Manufacturing Extension Partnership Center (SCMEP), was a hosting partner. I want to highlight three of those partnership-led events that celebrated not only partnerships, manufacturing and American jobs, but also FDI, an important part of modern manufacturing in America:

  • Swiss Krono hosted a presentation and plant tour in Barnwell, S.C., for 10 attendees. Swiss Krono LLC, a division of Swiss Krono Group, began distribution in the United States in 2000, and opened its current Barnwell manufacturing facility in 2005. In Barnwell, Swiss Krono LLC creates virtually any style, shape, finish, texture, scrape, bevel, locking system, thickness, size and attached pad of laminate flooring planks sold through distributors, dealers and chains nationwide.
  • Located in Newberry, S.C., Komatsu hosted a presentation and plant tour in honor of Manufacturing Day for 74 attendees. Komatsu America Corporation is a U.S. subsidiary of Japan-based Komatsu Ltd., the world’s second largest manufacturer and supplier of earth-moving equipment, consisting of construction, mining, and compact construction equipment.
  • SCMEP partnered with UK-based Domtar in Rock Hill, S.C., to host a presentation and plant tour for 25 attendees, including students from the Floyd Johnson Technology Center. The event was so successful that it was covered by both local and state level media. Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty packaging papers, market pulp and absorbent hygiene products.

These are just a few examples of the events coordinated by the MEP National Network across the country for the 2017 Manufacturing Day festivities.

More success stories and information on how to get involved are available here, and remember to mark your calendars for next year’s Manufacturing Day: October 5, 2018!

A member of the Federal Interagency Investment Working Group, NIST Manufacturing Extension Partnership works with SelectUSA, the sole federal program dedicated to promoting and facilitating foreign direct investment (FDI) in the United States. Together, these entities partner to encourage international companies to invest in the U.S. manufacturing industry.


FDI Strengthens America’s High-Tech Competitiveness

October 5, 2017

By Maureen Book, Research Analyst, SelectUSA 

Map of United States highlighting high-tech employment concentration by metro area, 2015 Source: U.S. Census Bureau, 2015 County Business Patterns, Accessed July 6, 2017,

High-Tech Industry Employment Concentration, High-Tech Employment/All Employment, by Metro Area, 2015 Source: U.S. Census Bureau, 2015 County Business Patterns, Accessed July 6, 2017,

SelectUSA released its second industry-focused report: “High-Tech Industries: The Role of FDI in Driving Innovation and Growth” on Sept. 19. This report provides an in-depth look at high-tech clusters in the United States, and gives the first-ever analysis of the role of foreign direct investment (FDI) in high-tech industries. The report’s biggest takeaway is that FDI plays a significant role in these industries.

Where are high-tech clusters?

High-tech industries have a concentration of science, technology, engineering, and mathematics  and employ more than twice that of the national average. After analyzing the U.S. high-tech industry and considering participation of both foreign and domestic firms, SelectUSA explored the geography of high-tech companies in the United States by state, to identify large groups, or clusters, of employment.  The top employers of high-tech workers were California, Texas, and New York, while the District of Columbia, Virginia, and Washington boast the highest employment per capita of high-tech jobs.

High-Tech Clusters by Metro Area

Looking at metro areas with the highest concentration of high-tech employment, SelectUSA found that San Jose, Calif., tops the list with more than 34 percent of local employment in high-tech industries. They were followed closely by Elkhart, Ind., with nearly 33 percent, and Huntsville, Ala., with more than 31 percent. While the concentration in San Jose might not be surprising because it is the largest city in the Silicon Valley area, Elkhart and Huntsville both have industry concentrations nearby to make them important locations for high-tech companies. Elkhart’s economy is heavily concentrated in the transportation equipment manufacturing industry, and centers around recreational and commercial vehicle manufacturing. Huntsville is home to many aerospace and defense contractors, and military technology firms.

The Role of Foreign Direct Investment (FDI)  

The data cited is provided by the Bureau of Economic Analysis. 

Line graph showing FDI impact in U.S. high-tech industries from 2007-2015. Three outputs are measured: R&D, contributions to U.S. exports and their contribution to value-add. FDI’s contribution to value-add has been rising steadily over time, except for the dips in 2008-2009, where all indicators experienced a shift downwards due to the recession. FDI’s contribution to U.S. goods exports has also been rising since 2009, except for the past couple of years, which have seen a decline. R&D spending has remained relatively constant from 2007-2015.

FDI Impact in U.S. High-Tech Industries, by Majority Foreign-Owned U.S. Affiliates Source: Source: Department of Commerce, U.S. Bureau of Economic Analysis, Accessed Oct. 24, 2016, Note: Data for some high-tech industries has not been included due to lack of available data.

Using our definition of high-tech industries and data published by the Bureau of Economic Analysis, SelectUSA looked at the role that FDI plays in high-tech industries. For those not familiar with the terminology, FDI 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.

Our data found that FDI stock in high-tech industries reached more than $1.6 trillion in 2016, and supported 2.1 million jobs in the United States. In fact, the high-tech component of FDI is quite robust; nearly 44 percent of all FDI in the United States is invested in high-tech industries.

Compensation, R&D, Exports, and Value-added Activities

Beyond employment, one must also acknowledge the significant impact that foreign firms in high-tech sectors play in other economic activities. For instance, U.S. affiliates of foreign-owned firms on average offer a higher compensation to U.S. workers than domestic . But FDI in high-tech industries offer a greater average compensation than other FDI companies in other industries. U.S. affiliates of foreign-owned firms also greatly contribute to the innovation sector of our economy, spending nearly $42 billion on research and development (R&D) in the high-tech sector. In 2015, they also contributed $154 billion towards U.S. goods exports and more than $373 billion towards value-added activities.

Historical-cost basis bar graph showing FDI entering the United States since 2007. Blue bars show FDI entering the country, but not classified as high-tech, and the red bar is all FDI entering the U.S. that is classified as high-tech. The gray line shows the percentage of high-tech FDI compared to all FDI entering the U.S. Looking at 2016, we can see that high-tech FDI accounted for nearly 44% of all FDI in the U.S. and amounted to $1.6 trillion. FDI in high-tech has also been growing by an average of more than 10% each year since 2009.

High-Tech Position in the United States, Historical-Cost Basis Source: Department of Commerce, U.S. Bureau of Economic Analysis, Accessed Aug. 17, 2017,

Source Markets Supporting High-Tech

We also find that Germany, the United Kingdom, France, and Japan are among the largest source markets for R&D spending, exports, and value-added activities in high-tech industries. Beyond that, they are also several of the United States’ leading trading partners. Collaborating with them on FDI reinforces the trade relationship and strengthens our nation’s bilateral ties with these partners.

For more information:

Please visit to view the full report, other industry reports, international and domestic FDI fact sheets, and SelectUSA’s data visualization tool, SelectUSA Stats.


Help Us Plan the 2018 SelectUSA Investment Summit

September 19, 2017

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By Fred Volcansek, Executive Director, SelectUSA

It’s already that time of year again: our team is gearing up for the next SelectUSA Investment Summit. On June 20-22, 2018, the SelectUSA team will join thousands of international business investors, economic developers, and service providers at the Gaylord National Resort and Convention Center to convene the highest-level event of its kind in the United States.

Photo from the 2017 SelectUSA Investment Summit, June 18-20, 2017. Pictured (from left to right): Safra Catz, CEO, Oracle; Gilbert Lee, CFO, Fuling Global, Inc.; Greg Scheu, President, ABB Americas Region; Ludwig Willisch, President, CEO, and Chairman of the Board, BMW (U.S.) Holding Corp.

Photo from the 2017 SelectUSA Investment Summit, June 18-20, 2017. Pictured (from left to right): Safra Catz, CEO, Oracle; Gilbert Lee, CFO, Fuling Global, Inc.; Greg Scheu, President, ABB Americas Region; Ludwig Willisch, President, CEO, and Chairman of the Board, BMW (U.S.) Holding Corp.

This past June, SelectUSA held its largest Investment Summit yet. Hosted by Secretary of Commerce Wilbur Ross and headlined by Secretaries Alexander Acosta (Labor), Steven T. Mnuchin (Treasury), and Rick Perry (Energy), as well as the UK Secretary of State for International Trade Liam Fox, the 2017 Summit brought more than 2,800 international participants together. The 79,000-sq.-ft. Exhibition Hall was filled to capacity with economic development organizations from 51 U.S. states and territories. CEOs from prominent U.S. and foreign companies participated in armchair discussions and breakout sessions to discuss the latest developments in FDI. I encourage you to read my summary blog post here for more details.

Of course, none of this happened overnight; planning for this important event is neither quick nor simple. Our team spends many months fine-tuning and developing ideas into reality. We are dedicated to bringing high quality discussions and influential thought leaders and executives to the Summit every year. Next year will be no exception, and we want to ensure that it is not only relevant, but full of information that can be instantly used to increase investment in the United States.

The SelectUSA team is planning the plenary and breakout sessions, Investment Academy, Exhibition Hall, and more. There are a lot of exciting developments in the pipeline, but we want you to be involved as well! Indeed, much of the content of previous Summits came from proposals from our stakeholders and partners across the fields of economic development and FDI.

So, we want to hear from you. What are your ideas for topics that should be covered? Do you have a speaker in mind? Is there a subject that needs to be included? The Call for Proposals is live; let us know what should be included in the program.

Additionally, we are looking to fill the Summit events calendar with collateral and spin-off events, hosted by our friends in the economic development community. These events are often where new job-creating investments begin, and we want to build on the success of last year’s calendar. SelectUSA welcomes your input and we want to make the 2018 Summit our best yet.

For more information on the SelectUSA Investment Summit, please visit