Created on April 30, 2013
U.S. Deputy Commerce Secretary Rebecca Blank just announced that the inaugural SelectUSA Investment Summit  will be held in Washington, DC from Oct. 31 to Nov. 1, 2013.
The Summit will be the first of its kind, connecting businesses and investors from around the world with economic development organizations (EDOs) from across the country in an effort to promote investment in the United States and support the creation of American jobs. The two-day event will also amplify the work of SelectUSA in delivering on President Obama’s agenda to increase direct investment in the United States as a way to spur economic growth and create jobs.
The Summit will bring together international and domestic investors; national, regional, state and local economic development organizations (EDOs); senior Obama Administration officials; business leaders; and industry and technical experts, providing them with a unique opportunity to discover all the reasons why the U.S. is the ideal destination for companies that are weighing options for locating or expanding their operations. During the two-day event, participants also will be able to explore potential investment opportunities in this country, as well as share best practices and build networks.
Our nation presents an unparalleled investment opportunity for domestic and foreign businesses. It benefits from sophisticated industry clusters, first class universities and research and development centers, access to global markets, strong intellectual property rights and a stable legal system and regulatory environment.
In 2012, nearly $168 billion in FDI flowed into the United States . Data from 2012, the latest figures available, indicate that affiliates of foreign firms employed more than 5.3 million U.S. workers at an average salary of nearly $70,000 per year.
These statistics are good, but we can do more to ensure that the U.S. share of global FDI grows even larger. That is why President Obama launched SelectUSA, and included $20 million in his fiscal year 2014 budget to support the program’s implementation.
Located within the International Trade Administration of the U.S. Department of Commerce, SelectUSA leads the federal government efforts to promote the United Sates as the premier global investment destination, and facilitates investment in the United States. The program provides information assistance to the global investment community, serves as an ombudsman for investors, and advocates for U.S. cities, states, and regions competing for global investment.
We look forward to broad participation in the SelectUSA Investment Summit─a not-to-be-missed opportunity for both investors and EDOs. To learn more, please visit http://selectusa.commerce.gov/selectusa-investment-summit .
Originally posted on ITA Blog