SelectUSA Monthly Update

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Monthly Update

Upcoming Outreach

SelectUSA will conduct targeted outreach throughout the United States and around the world.  Some upcoming events include:
October 21:  Manager, Global Business Attraction Christopher Clement will travel to San Antonio, Texas to be the keynote speaker during lunch at the American Immigration Lawyers Association entitled EB-5 Investors & Regional Centers-Navigating Through New Challenges and Building a Sound Practice. 
- October 24:  Deputy Executive Director Aaron Brickman will travel to San Diego to speak at the Consumer Electronics Association Industry Forum.
- November 8:  Executive Director Barry Johnson will travel to Beijing, China to speak at the China Overseas Investment Fair (COIF).

Recent Activities 

- September 5 - 9: The China International Fair for Investment and Trade (CIFIT) took place in Xiamen, China.
- September 12 – 15: SelectUSA conducted outreach in Montreal, Toronto, and Halifax to represent the United States in various business development events. SelectUSA participated in the Canada-U.S. Manufacturing Summit to meet with Canadian manufacturers interested in doing business in the United States.
- September 18-21: SelectUSA Executive Director Barry Johnson participated in a panel discussion on reshoring at the International Economic Development Council Annual Conference in Charlotte, North Carolina.
- September 26 – Manager, Business Retention and Expansion Tazeem Pasha presented at the 2011 Sweden-U.S. Entrepreneurial Forum in Stockholm. The annual forum includes venture capital and private equity sector stakeholders interested in the U.S. investment climate.
- September 27 – 28 - Manager, Business Retention and Expansion Tazeem Pasha addressed British firms in the defense and security sectors about business investment in the United States in London. Hosted by the Pittsburgh Regional Alliance and ADS Group, the seminar provided an opportunity for British firms to learn about opportunities in the U.S. security sector.
September 28 - US Commercial Service, Sweden and Establishing Abroad Magazine conducted an “Invest in America” seminar in Stockholm that attracted Swedish firms exploring the U.S. market for business investment from across various industry sectors.
- October 5: Deputy Executive Director Aaron Brickman presented at the China-US Investment Forum 2011 in Washington, DC.  
- October 6:  Manager, Global Business Attraction Christopher Clement traveled to Fort Worth, Texas to speak to about 300-400 economic development professionals at the Texas Economic Development Council's 2011 Annual Conference.  

Reports of Note

- The McKinsey Global Institute (MGI) reports that the private sector should take the lead in driving economic growth during these difficult economic times.  In the piece entitled What Business Can Do to Restart Growth, economic development professionals will see that the five areas of opportunity identified by MGI for private sector contributions to economic growth mirror focus areas of interest to economic development organizations. 
- On September 19, 2011, the Council on Foreign Relations (CFR)-sponsored Independent Task Force on U.S. Trade and Investment Policy unveiled a new report that calls for the President and Congress to cut through political disagreements and reacquaint themselves with the broad benefits that open trade and investment flows hold for the U.S. and global economies.  Though the text of the report focuses more on trade issues than it does on investment, the discussion and subsequent Q&A at the CFR event presenting the findings of this report (see video) were more heavily weighted towards investment issues.  A Wall Street Journal Op-Ed Piece released by the Task Force’s Chairs and Project Directors on September 17, 2011 places the report in the context of current global economic affairs. 
- One of the keys to attracting and retaining business investment is a well-educated workforce.  As technology continues to erode the barrier of physical distance, making the global economy more deeply interconnected, education in the fields of math and science are widely believed to hold the key to innovation and economic growth.  A recent report by the Program on Education and Policy Governance at Harvard University highlights the importance of education to winning investment in the future. 

Announcements

China Overseas Investment Fair 2011
The Commercial Section of the Embassy of the United States of American invites all U.S. States and territories to join the U.S. Pavilion during the Third China Overseas Investment Fair 2011 in Beijing, November 8-9, and encourages all who cannot attend in person to participate in a Catalogue Show.
The Commercial Section is also organizing a SelectUSA Seminar as part of the Fair and is hereby soliciting participation by U.S. States and territories interested in speaking face-to-face with potential Chinese investors. Catalogue Show participants can have a dedicated table at the Seminar for 1-on-1 meetings for an additional $100 per destination.
In June 2011, President Barack Obama issued an Executive Order for the establishment of the SelectUSA Initiative “in order to support private sector job creation and enhance economic growth by encouraging and supporting business investment in the United States.”  As part of ongoing implementation of the SelectUSA initiative, we will arrange a SelectUSA Seminar to be held on November 9, the second day of the China Overseas Investment Fair, from 2:00 PM to 5:00 PM at the Conference Hall of the China World Trade Center in Beijing, China.  The Commercial Section offers to arrange one-on-one, in person meetings between participating US investment locations and potential investors and interested parties.
The proposed agenda for the SelectUSA Seminar is as follows:
November 9, 2011, 2:00 – 5:00 PM
China World Conference Hall, No. 1 Jianguomen Waidajie, Chaoyang, Beijing
Agenda:
2:00 – 2:05 - SelectSUSA Introduction – US Department of Commerce Officer
2:05 – 2:15 - Investment Related Tax Issues – Business Service Provider
2:15 – 2:25 - Investment Related Legal Issues – Business Service Provider
2:30 – 4:00 - One-on-one meetings (ten minutes each, with longer meetings depending on availability)
To register for the Catalogue Show and/or individual meeting table, please click here, or contact:
Ms. WEI Jing, wei.jing@trade.gov, tel. 8610-8531-4296
To register for a booth at the COIF Expo, please contact Ms. Jincy ZHANG at sjzhang@cofair.org, Tel. 86-10-59799908.
Israel Space 2012 Commercial Space Industry Trade Mission to Israel
The U.S.-Israel Science & Technology Foundation, the U.S. Department of Commerce Commercial Service, and the Airlift Company invite you to join the Israel Space 2012 Commercial Space Industry Trade Mission to Israel.  The Trade Mission, specializing in commercial space companies focusing on sectors such as satellites, propulsion, launch, software, ground systems, finance, imagery intelligence and communication will take place from January 2028, 2012 – February 3, 2012. 

IN THIS ISSUE

- Upcoming Outreach
- Recent Activities
- Reports of Note
- Announcements

About Us

SelectUSA is the U.S. Government-wide initiative to attract, retain and grow business investment in the United States.  Established by Executive Order of the President and housed within the U.S. Department of Commerce, SelectUSA provides enhanced coordination to existing resources and functions within Commerce and across all federal departments and agencies with operations that touch on business investment issues. SelectUSA works in partnership with state, regional, and local economic development organizations to facilitate overall U.S. business attraction and retention.  SelectUSA works on behalf of the entire nation and exercises strict geographic neutrality.
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SelectUSA Ombudsman Program

SelectUSA’s ombudsman program is already active and working towards successful resolutions of problems across the federal government, addressing investor concerns and issues involving federal agencies. If a U.S. or foreign investor has a federal-level issue that is jeopardizing an investment in the United States, please contact SelectUSA at 202-482-6800 or by email at info@selectusa.gov.
 
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