Archive for the ‘SelectUSA’ Category

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Thanks to Innovation and Investment, the U.S. Aerospace Industry is Boldly Going to New Frontiers

June 1, 2018

This post originally appeared on the Department of Commerce blog.

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

Photo of satellite from space.

Photo of satellite from space.

On February 20, Vice President Mike Pence led the second meeting of the National Space Council at the Kennedy Space Center in Florida. Vice President Pence reiterated the Trump Administration’s dedication to making the United States the global leader in the burgeoning commercial space industry.

“It’s here today, in the 21st century, that the modern marvels that launch from these grounds will prove that the public and private sectors are achieving far more today than we ever have before,” Vice President Pence told the Council.

The Trump Administration is focused on maintaining U.S. leadership in space exploration and technology through public-private partnerships between the Federal government and international companies. By reviving the National Space Council in July, signing Space Policy Directive 1 in December, signing Space Policy Directive 2 in May, and authorizing an increase in NASA’s budget, President Trump is positioning the United States for a return to the Moon and a venture to Mars and beyond.

“As the President said, space is the ‘next great American frontier’ – and it is our duty – and our destiny – to settle that frontier with American leadership, courage, and values,” Vice President Pence said at the inaugural meeting of the National Space Council in October.

Settling that frontier will take human ingenuity and innovative technologies, both of which the United States has in abundance. The world’s top companies are drawn to the innovation culture of the United States. By encouraging entrepreneurship and risk taking, this culture offers an added competitive edge to the business community and leads to technological breakthroughs.

Simply put, the U.S. aerospace industry is a global powerhouse. International firms are drawn to its skilled and educated workforce and extensive distribution systems. World-changing technology is made in the USA, including technologies that rove the surface of Mars and make it possible to study galaxies millions of lightyears away. In 2016 alone, the industry contributed $147 billion in export sales to the U.S. economy, which led to a positive trade balance of $90.5 billion — the largest of any manufacturing industry.

Through the President’s Space Policy Directive 2, the Department of Commerce recently announced its intent to create a new Space Policy Advancing Commercial Enterprise (SPACE) Administration, which  will create a new “one stop shop” within the Department for promoting, administering, and regulating commercial space activities.   The SPACE Administration, to be housed within the Office of the Secretary, will  advance pro-growth policies affecting commercial space activities. This flourishing industry will also be a focus of the 2018 SelectUSA Investment Summit (June 20-22), the top foreign direct investment event in the United States. Secretary of Commerce Wilbur Ross will lead a panel of industry experts to discuss the latest updates in a rapidly changing field and how domestic and foreign companies can utilize U.S. resources to join a new commercial space race.

This June, global companies—from aerospace to agriculture—will join high-level government officials, business executives, thought leaders, and economic developers from across the United States for the Investment Summit in Washington, D.C. To learn more about how you can attend the top foreign direct investment event in the country, please visit selectusasummit.us. Additionally, please visit selectusa.gov for more information on how—and why—to invest in the United States.

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Workforce Development to be Showcased at the 2018 SelectUSA Investment Summit

May 24, 2018

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

Steven Meyers is Director of Outreach and Communications, SelectUSA

The U.S. economy is the best shape since the turn of the 21stcentury. Unemployment has reached a rare low of 3.9 percent, wages are rising, and the international consensus is that the U.S. market is one of reliability and confidence. Indeed, there has never been a better time to invest in the United States and its workers.

Secretary of Labor Alexander Acosta

Secretary of Labor Alexander Acosta Addresses the 2017 SelectUSA Investment Summit.

And yet, millions of American workers are at risk of being left behind in the global 21st century economy. Adapting and flourishing in the new economy will require innovative approaches to job training, education, and economic development.

Workforce development is not only a necessity. It also falls at the intersection of multiple government focuses, from collaborating with countries like Switzerland—where apprenticeships are well-established and common—to programs designed to reduce recidivism, such as the Department of Justice’s UNICOR program. Using an all-encompassing strategy, the Trump Administration is focused on creating good-paying jobs for millions of Americans.

This is why President Trump issued an executive order calling for a multi-department effort to expand apprenticeships in the United States. Specifically, the order created the Task Force on Apprenticeship Expansion, a Department of Labor-led body of industry leaders and government officials. On May 10, 2018, the Task Force presented its findings to the President, recommending an increase in “work-and-learn models,” reforms to the funding process, an awareness campaign, and an expansion of apprenticeships in new industries.

Next month, workforce development will be a central focus of the 2018 SelectUSA Investment Summit, the top foreign direct investment event in the United States. Secretary of Labor Alexander Acosta will lead a panel on the subject with an emphasis on utilizing America’s most valuable economic resource: one of the most skilled and educated workforces in the world.

The Investment Summit joins U.S. economic developers and service providers with international business investors who are ready to establish or expand operations in the United States. Join SelectUSA, June 20-22, at the Gaylord National Resort and Convention Center in the Washington, D.C. metro area. This summer, we invite you to invest, grow, and succeed in the United States.

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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.

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Join Global Business Executives at the 2018 SelectUSA Investment Summit

May 14, 2018

Steve Meyers is the Director of Outreach at SelectUSA.

On June 20-22, 2018, global business leaders from Goldman Sachs, Lockheed Martin, Mercedes, and many other companies will join attendees from around the world in Washington, D.C., for the top foreign direct investment (FDI) event in the United States: the 2018 SelectUSA Investment Summit.SelectUSA logo

Our current lineup of speakers includes government officials and business executives at the forefront of economic growth and international investment. Speakers include:

  • Alexander Acosta, U.S. Secretary of Labor
  • Mike Baird, Chief Customer Officer, National Australia Bank
  • Matt Bevin, Governor, Kentucky
  • Jose Manuel Entrecanales, Chairman & CEO, Acciona
  • Mary Fallin, Governor, Oklahoma
  • Jack Fusco, President and CEO, Cheniere
  • Gary Herbert, Governor, Utah
  • Marillyn Hewson; Chairman, President, and CEO; Lockheed Martin
  • John Hickenlooper, Governor, Colorado
  • Jason Hoff, President and CEO, Mercedes-Benz U.S. International

 A full list of confirmed speakers and the current agenda for the 2018 SelectUSA Investment Summit is available online at selectusasummit.us/.

The participation of these leaders doesn’t just represent prominent voices from the global business community; It reinforces the fact America is the best place in the world to do (and expand) business. Through the Department of Commerce-led SelectUSA program, the federal government works to increase the flow of international investment into the United States.

The role of SelectUSA is to work with these investors by connecting them to the resources needed to turn plans into realities. At events like the upcoming SelectUSA Investment Summit, economic development organizations from every corner of the United States can meet one-on-one with international investors from across the globe. In fact, between October 2013 and September 2017, participants of SelectUSA’s previous four Investment Summits announced more than $71 billion in greenfield investment in the United States; investment that supports 110,000+ U.S. jobs.

Last year’s Investment Summit was SelectUSA’s largest yet. More than 3,000 participants met under one roof to discuss and promote FDI into the United States, including more than 1,200 global business representatives and more than 600 economic development professionals from 52 U.S. states and territories.

Registration for the Investment Summit is open. Apply now and be a part of the highest-level gathering of economic development professionals and international business executives focused on foreign direct investment in the world. For more information, please visit selectusasummit.us.

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The Verdict Is In: The SelectUSA Investment Summit Delivers Results for Business Investors

April 27, 2018

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

Bill Burwell is the Director of Events for SelectUSA.

Photo from 2017 SUSA Summit highlighting an individual matchmaking session.

The 2017 SelectUSA Investment Summit included more than 2,000 scheduled individual matchmaking meetings between businesses and economic development officials.

The SelectUSA Investment Summit brings the worlds of foreign direct investment (FDI) and economic development together—all under one roof. Attendees will hear from senior U.S. government officials and Cabinet secretaries, executives from some of the world’s top companies, and economic thought leaders at the forefront of a changing global economy.

It all happens again on June 20-22, 2018, at the Gaylord National Resort and Convention Center in the Washington, D.C. area.

Past Investment Summit participants have announced more than $71 billion in new investment projects. These projects have created or retained more than 110,000 U.S. jobs. Among those jobs will be nearly 400 in New York, where Romanian distiller Alexandrion is opening a facility. In Kentucky, Japanese manufacturer Takigawa will employ 180 people after making connections at the Investment Summit. MIG Neurons and sRs McCoy are among the Indian companies that have moved into soft landing facilities in Maryland and New Jersey after making connections at the Investment Summit.

SelectUSA received highly positive feedback from international business attendees at the 2017 SelectUSA Investment Summit:

“The SelectUSA Investment Summit far exceeded my expectations. The event was well worth the investment … I was impressed by the quality of the connections made and the value my firm received as an exhibitor.”

 “This is the place to be if you are considering starting a business in the United States.”

“The Investment Summit is absolutely the right forum for launching a new business in the U.S. The value of getting a large number of states and economic development agencies on one floor is priceless.”

“The benefit of attending the SelectUSA Investment Summit is direct, immediate, and purposeful contact with municipal, state, and federal personnel.”

We expect to continue delivering for potential business investors at the 2018 SelectUSA Investment Summit. Last year’s Investment Summit drew a record number of participants, including more than 600 economic developers from 52 U.S. states and territories.

International business investors utilized the online matchmaking platform to schedule face-to-face meetings with American economic developers. In the 79,000-sq.-ft. Exhibition Hall, these investors saw what dozens of U.S. states, counties, cities, territories, and regions had to offer.

There is simply no better place to connect to the economic development community than at the Investment Summit.

Don’t miss your chance to connect with EDOs from across the United States. Join us at the SelectUSA Investment Summit. For more information, please visit selectusasummit.us.

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The Show Me State Sees Significant FDI

April 11, 2018

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

Guest blog post by Steve Johnson, CEO, Missouri Partnership

Graphic of the Missouri Partnership logo.Businesses with overseas locations are rapidly transitioning production back to the United States, and facilities are popping up in every region, including Missouri. Manufacturers are taking advantage of what Missouri has to offer by joining an existing industry center with the infrastructure and talent supplies already in place, including access to major customers.

The United States is poised to re-emerge as a manufacturing superpower, thanks in large part to foreign direct investment. Since January 2017, Missouri has attracted significant investments by foreign-owned companies and from U.S. companies’ reshoring jobs. Some examples include:

  • Brødrene Hartmann, a Danish manufacturing company, kicked off production at its U.S. headquarters in Rolla, Missouri;
  • Trans-Lux reshored jobs from China to Missouri;
  • Toyota invested more than $17 million in its Missouri plant; and,
  • Nammo AS, an international aerospace and defense company headquartered in Norway, chose Pettis County, Missouri, as the site of its latest U.S. distribution center.

SelectUSA EDO SPOTLIGHT SERIES:

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. 

“This move to Missouri is a well thought through strategy where all the benefits for all counterparts are optimized,” said Raimo Helasmaki, Nammo’s Executive Vice President of Commercial Ammunition. “The local authorities have been very easy to work with to help develop this project. We look forward to years of growth through this facility.”

In February, Faurecia, a leading automotive technology company headquartered in France, announced an investment of more than $60 million and the creation of more than 300 jobs in Blue Springs, Missouri.

“Kansas City Metro and the Blue Springs areas are known for being a source of excellence in American manufacturing, and we’re looking forward to building on that expertise and skill set as we continue to provide the very best to our customers,” said Donald Hampton, Jr., president of Faurecia Interiors in North America.

In March, Switzerland’s ARG International AG announced an investment in the U.S.-based Magnitude 7 Metals, creating more than 450 advanced manufacturing jobs in Marston, Missouri.

“From Washington to Missouri, what we are announcing today is the result of years of hard work and a major change in the way employers and farmers are treated,” said U.S. Representative Jason Smith (MO-8) about the Magnitude 7 investment. “We are bringing back the domestic aluminum and steel industries, and with it, jobs.”

Manufacturing buzz is building and it has crossed international barriers. Foreign companies recognize the advantages of manufacturing in the United States, and their interest is leading to serious discussions and decisions. This migration seems to be leading to a resurgence in American manufacturing prosperity, returning to its roots as a center of innovation and enterprise.

For more information on the Missouri Partnership, please visit missouripartnership.com.

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Indian Automaker Succeeds in United States

February 16, 2018

This is a guest blog post from Rick Haas, CEO of Mahindra Automotive North America.

Mahindra company logoI grew up in Detroit during a period when car culture was the dominant force driving this area. I recall the many warm summer afternoons spent “helping” my uncle and his friends wrench on their muscle cars, hoping that I would have my own hotrod to tinker with someday. But one way or the other, I’d caught the bug, and at the ripe old age of 12 decided that the auto industry was my future.

The men and women here at Mahindra Automotive North America (MANA) have this same passion for creating and producing new and exciting products, many having grown up with experiences like mine. It’s why we’re attracted to Mahindra. Through our investment in Michigan, we are creating and delivering thoughtful new products – and with them new jobs and growth to the Detroit regional economy. We have built a team of highly experienced and talented Americans from the Detroit area to help make this dream a reality and contribute to the rebuilding of this great city.  In November, we opened the first automotive manufacturing facility in Detroit in more than 25 years and are off to the races.

This journey dates back to 1945, when Mahindra began producing the iconic Willys CJ3 under license in India.  Since that time, Mahindra has grown to a $19 billion company that employs 200,000 people in more than 100 countries. When the company was looking to establish a new international auto facility, it had many options including Korea, Japan, Germany, and the United Kingdom.  However, the same rugged, hardworking ethic that has fueled Mahindra for more than 70 years is what drew us to Detroit – still the auto capitol of the world.  The recession hit Detroit and its automotive sector hard, but you can’t keep its hardworking and talented people down long, and I’m proud to be a part of the city’s economic resurgence.

Mahindra established an automotive design technical center just north of Detroit in Troy, Michigan, in 2013, and our work continued to grow – and grow we did! Fueled by the remarkable talent available in the Detroit area, we have tripled our workforce in the last 18 months. The technical center has outgrown our first building and we now have three facilities—in Auburn Hills, Pontiac, and Troy— and have established MANA.  We are currently working with the U.S. Postal Service to develop the Next Generation Delivery Vehicle, we will introduce an off-road utility vehicle (UTV) in the first quarter of 2018, and will add another 400 jobs in the Detroit area by 2020.

At Mahindra, we believe the time is now to succeed in America. We are increasing investment in the United States and we expect to grow our American operations significantly in the coming years. We’ve accomplished this with the help of federal, state, and local leaders, including SelectUSA, all of whom have been terrific partners in our growth. Programs like SelectUSA serve as the catalyst to accelerate companies’ investment initiatives in the United States and provide that win-win partnership that can turbocharge job growth in many towns across this nation.