|
SelectUSA News
- On August 25, Acting U.S. Commerce Secretary Rebecca Blank highlighted SelectUSA in Warren, Ohio while touring and providing remarks at Thomas Steel Strip Corporation, a member of the India’s Tata Steel Europe Group and a manufacturer of cold-rolled strips. Thomas Steel employs more than 250 people.
- On August 18, Secretary Blank visited AlBaad USA with North Carolina Governor Bev Perdue and U.S. Representative Brad Miller in Reidsville, North Carolina. AlBaad USA is an Israeli-owned cleaning products manufacturer that has made a $35 million investment in its U.S. operation, employing nearly 200 people. After the tour, Blank highlighted SelectUSA and discussed the importance of strengthening our education, infrastructure and innovation capacity as ways to rebuild our economic foundation, create jobs and enhance our global competitiveness.
Upcoming Outreach
- August 31: Aaron Brickman, Deputy Executive Director of SelectUSA, will speak to small and start-up business stakeholders in Los Angeles, California. This meeting with the Citizenship and Immigration Services Ombudsman will explore immigration issues facing small and start-up businesses.
- September 5 - 9: The China International Fair for Investment and Trade (CIFIT) is taking place in Xiamen, China. SelectUSA’s Executive Director Barry Johnson will deliver remarks to senior Chinese business leaders about the U.S. investment climate. While there, SelectUSA will conduct outreach in Asia.
- September 12 – 15: SelectUSA will be in Montreal, Toronto and Halifax to represent the United States in various business development events. SelectUSA will participate in the Canada-U.S. Manufacturing Summit to meet with Canadian manufacturers interested in doing business in the United States. SelectUSA will also speak at the State of Texas Business Recruitment Mission events in Montreal and Halifax to Canadian site consulting firms to promote location and expansion into the United States.
Recent Activities
- July 14: SelectUSA spoke at the Illinois Development Council Annual Conference in East Peoria, Illinois to a state-wide group of economic development professionals from the State of Illinois. SelectUSA focused on the role of the U.S. federal government in foreign direct investment attraction.
- July 20: SelectUSA gave a presentation to senior representatives of 15 large Indian firms with U.S. operations at an event hosted by the Confederation of Indian Industries (CII) at Tata’s New York offices. Firms represented at this event included leading IT, manufacturing, and service companies from India.
- August 12: SelectUSA addressed and participated in the Alabama Automotive Manufacturers Association’s (AAMA) 10-year celebration hosted by Mercedes-Benz in Tuscaloosa to highlight the automotive industry’s contributions to the U.S. economy and investments by both domestic and international automotive companies and suppliers in the U.S. auto industry.
Reports of Note
- According to updated data released by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA), more than $228 billion of FDI flowed into the United States in 2010, an increase from nearly $160 billion in 2009.
- The Organization for International Investment (OFII) has released its report “Greenfield Insourcing Projects – 1st Half of 2011 with a special focus on green field investment trends among the BRIC economies. Overall, findings include an overall increase in the number of global greenfield FDI projects from 2006 to 2011 with volatility in both the number of jobs created and investment dollars associated with these projects.
|
|
