Archive for the ‘SUSA Summit’ Category

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SelectUSA: Playing FDI Matchmaker

May 22, 2018

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

April 27, 2018

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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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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 selectusasummit.us.

 

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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 www.selectusasummit.us.

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Registration Now Open For 2018 SelectUSA Investment Summit

December 1, 2017

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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 www.selectusasummit.us.