SelectUSA Monthly Update

International Trade Administration sent this bulletin at 11/01/2011 02:58 PM EDT
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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:
November 8:  Executive Director Barry Johnson will travel to Beijing, China to speak at the China Overseas Investment Fair (COIF). 
November 14 – 16: Executive Director Barry Johnson will visit Chennai and Mumbai to keynote separate investor events hosted by the Confederation of Indian Industry and PSA Legal and Baker Hostetler, with the U.S. Foreign Commercial Service, India.
November 16 – 18: Deputy Executive Director Aaron Brickman will visit Ahmedabad, Bangalore, and New Delhi, India to keynote separate investor events hosted by the Confederation of Indian Industry and PSA Legal and Baker Hostetler, with the U.S. Foreign Commercial Service, India. While there, Mr. Brickman will also participate in events organized by the Bangalore Chamber of Industry and Commerce and the Indo-American Chamber of Commerce.
November 18: Executive Director Barry Johnson will moderate a panel on Chinese investment in the United States at a conference in New York City hosted by the China General Chamber of Commerce-USA.
December 14: Deputy Executive Director Aaron Brickman will deliver keynote remarks at the U.S.-China Wind Summit in San Francisco.

Recent Activities

October 3 – 5: Executive Director Barry Johnson participated in the OECD Conference on International Investment in Paris to raise awareness about SelectUSA and business investment in the United States.
October 5: Deputy Executive Director Aaron Brickman presented at the China-US Investment Forum 2011 in Washington, DC.
October 9 – 10: Executive Director Barry Johnson presented at the National Association of Development Organizations (NADO) annual conference in Miami. The presentation was attended by heads of economic development organizations, elected officials, and regional developers, to whom Mr. Johnson explained the importance of direct investment and services of SelectUSA.
October 21:  Manager, Global Business Attraction Christopher Clement traveled 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 traveled to San Diego to speak at the Consumer Electronics Association Industry Forum.

Reports of Note

- The President’s Council on Jobs and Competitiveness (PCJC) issued its recommendations to the President of the United States. Among them, a proposed National Investment Initiative would set the administration’s goal to attract an additional $1 trillion over the next five years.
- At the approval of U.S. free trade agreements with South Korea, Colombia and Panama this month, the Brookings Institution released its review of the U.S. bilateral investment and trade relationship with South Korea.  Broadly, the U.S. Trade Representative estimates that with all U.S. global trade agreements combined, a firm with U.S. operations now has access to a market of 795 million people.
- Columbia University’s Vale Center issued a few notable reports this month. First, its update on Outward FDI from Germany and its policy context: 2011 found that in 2010, German companies strongly increased their investments in foreign affiliates, with outward foreign direct investment (OFDI) flows having reached their third highest value on record (US$ 105 billion). The Center also issued the latest edition of its FDI Perspectives with a feature on increased outbound FDI from China and investment attraction opportunities for the United States.
- The UN Committee on Trade and Development (UNCTAD) issued its sixth Investment Policy Monitor to cover major market, policy, and regulatory developments that impact an economy’s investment climate. Overall, the Monitor covered at least 30 economies that took steps to further promote cross border investments. In the United States, this development was highlighted by the creation of SelectUSA. UNCTAD also released its Global Investment Trends Monitor that finds FDI recovery to continue in the first half of 2011 with developing and transition economies continuing to account for nearly 50 percent of global FDI flows. The report warns against stalled FDI flows for the last two quarters.

In This Issue

  • Upcoming Outreach
  • Recent Events
  • Reports of Note

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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