Infrastructure 101 and $8.1 Billion Announcement

International Trade Administration sent this bulletin at 11/14/2014 03:32 PM EST

Join Our Infrastructure 101 Webinar Series for Economic Developers

Monday, November 24 at 2:00 pm

Email Abigail.Bowman@trade.gov to register!

Dr. Elaine Buckberg, Deputy Assistant Secretary for Economic Policy at the Department of Treasury, will discuss the President’s Build America Investment Initiative and U.S. infrastructure finance. In this webinar, the first of three leading up to the SelectUSA Summit, Dr. Buckberg will explain the purpose of the Build America Investment Initiative, demystify public-private partnerships (PPPs), and explain how PPPs serve as another pathway for financing infrastructure projects in your regions, states, and communities. She will discuss the rationale for PPPs, key PPP structures, and innovative federal financing programs that can complement PPPs or be used for traditional procurements. Following Dr. Buckberg’s comments, we will open the webinar up for Q&A.

Recent SelectUSA Blog Posts

In case you missed them, check out our two recent blog posts on investment success stories in Louisiana and South Dakota.

Coming Soon to Louisiana: $8.1 Billion and Thousands of Jobs

Deputy Under Secretary of Commerce for International Trade Ken Hyatt with Louisiana Governor Bobby Jindal and Sasol CEO David Constable

SelectUSA went to Lake Charles, Louisiana to congratulate South African energy giant Sasol Limited on the firm’s final investment decision to build an $8.1 billion ethane cracker and derivatives complex. Sasol has also confirmed an additional $800 million investment in infrastructure, utility improvements, and land acquisition.

When making the announcement, Sasol President and CEO David Constable anticipated that the new complex will triple the company’s chemical production capacity in the United States and create 500 permanent jobs in the state of Louisiana, in addition to thousands of indirect jobs. Construction of the complex will employ an additional 5,000 people between now and 2018.

More Mini Babybel, Made in South Dakota

Leaders from Bel Brands USA with South Dakota state officials and leaders from the Brookings community cut the ribbon on a new facility

SelectUSA has about 250 reasons to congratulate Bel Brands USA and Brookings, SD, for their new investment agreement! Why 250? Because that’s the estimated number of jobs supported by a $144 million, 170,000 square-foot Mini Babybel facility that just opened in Brookings.

Bel Brands USA is a subsidiary of the Paris-based Bel Group, and currently employs nearly 1,000 people in Illinois, Kentucky, Wisconsin, and South Dakota. In fact, the company has been named one of Chicago’s “101 Best and Brightest Companies to Work For” six years in a row.

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