Highlights from President Obama on investment, innovation

International Trade Administration sent this bulletin at 01/21/2015 02:56 PM EST

State of the Union Highlights:

Investment, Job Growth, Innovation

Third-quarter U.S. economic growth strongest in 11 years

President Obama:

“Since 2010, America has put more people back to work than Europe, Japan, and all advanced economies combined. Our manufacturers have added almost 800,000 new jobs. Some of our bedrock sectors, like our auto industry, are booming. But there are also millions of Americans who work in jobs that didn’t even exist ten or twenty years ago – jobs at companies like Google, and eBay, and Tesla.

"So no one knows for certain which industries will generate the jobs of the future. But we do know we want them here in America. That’s why the third part of middle-class economics is about building the most competitive economy anywhere, the place where businesses want to locate and hire.”

The President continues to be committed to attracting investment to our shores and has proposed a number of initiatives that enhance the United States position as the top place for businesses to invest.

Investment

For the first time since 2001, USA overtook China, India & Brazil as most attractive country for FDI

For the first time since 2001, the U.S. overtook China, India, and Brazil and became the world's single most attractive country for foreign investment.

Job Growth

We've had 58 straight months of job growth, the longest streak on record.

Innovation

"If you want to participate in innovation, you have to be in the U.S. No country on earth is investing as much in innovation." - Karl-Ludwig Kley, Chairman of Merck KGAA (Germany)

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