SelectUSA Monthly Update

logo 2 lines

Monthly Update

Upcoming Outreach

SelectUSA conducts targeted outreach throughout the United States and around the world.  Some upcoming activities include: 

- On April 8-12, 2013, for the third consecutive year, U.S. Commercial Service Germany and SelectUSA are hosting the USA Investment Center at the world’s largest industrial technology show, the Hannover Messe Trade Fair. The USA Investment Center is a joint pavilion of SelectUSA and participating economic development organizations from U.S. states, cities and regions.

- On April 15, 2013, a SelectUSA representative will speak at the International Economic Development Council’s Federal Forum in Washington, DC. The presentation will be a part of the plenary session on foreign direct investment (FDI) and will address hundreds of U.S. economic developers about investment trends and about how SelectUSA can help attract and retain investment in the United States.

- On April 15-18, 2013, the U.S. Commercial Service Belgium and SelectUSA will organize a Europe Road show for U.S. economic development organizations. The road show will travel to Brussels, Belgium; Eindhoven and Rotterdam, Netherlands; and Copenhagen, Denmark. At each stop, economic development organizations (EDOs) will meet potential investors, industry associations and other trade and investment organizations. To participate, or to obtain further information and updates, please contact Aribatu Idirisu (Aribatu.Idirisu@trade.gov).

- On April 18, 2013, a SelectUSA representative will address the Gulf Coast Trade Alliance in Kinder, Louisiana. The discussion will focuson how SelectUSA aims to support the efforts of states and regions in attracting, retaining, and expanding business investment.

- On May 6, 2013, a SelectUSA representative will participate and speak at the 2013 Offshore Technology Conference (OTC) in Houston, Texas. OTC is the world’s foremost event for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. SelectUSA staff will be available to meet one-on-one with businesses or potential investors and provide information or resources to help them build their businesses in the United States. SelectUSA will also offer a seminar on investing in the United States and SelectUSA services. For more information please contact Rebecca Moudry (Rebecca.Moudry@trade.gov).

- On May 7, 2013, a SelectUSA representative will participate and present at WINDPOWER 2013 in Chicago, Illinois. WINDPOWER includes approximately 600 exhibiting companies, thousands of qualified wind energy professionals, engaging educational information and unmatched networking opportunities and special events. SelectUSA staff will be available to meet one-on-one with businesses or potential investors and provide information or resources to help them build their businesses in the United States. SelectUSA will also present at a series of region-specific seminars about investing in the United States and SelectUSA services. For more information please contact Rebecca Moudry (Rebecca.Moudry@trade.gov).

- On May 15, 2013, the U.S. Embassy and Commercial Service in Dublin, Ireland will host a Networking Roundtable with Irish multipliers for U.S. EDOs.  Over lunch, participating U.S. economic development organizations (EDOs) will have the opportunity to meet representatives from leading Irish chambers of commerce and trade associations. The EDO’s Dublin visit will also be promoted through the Embassy’s social media campaign. The fee to participate is $200 with a registration deadline of April 15th. Please contact Finola Cunningham to obtain further information and/or to register for the program (Finola.Cunningham@trade.gov).

- On May 21-23, 2013, the U.S. Commercial Service Mexico, will conduct three SelectUSA investment seminars in Mexico City, Guadalajara, and Monterrey respectively. About 100 attendees, or potential investors, are expected to attend the seminar in each city. U.S. states’ EDOs and other local or regional economic development organizations are invited to participate as exhibitors at the event. The cost for exhibitors to participate is USD $400. Each exhibiting EDO will be furnished a table and chairs for displaying marketing materials and for networking. Space is limited fifteen exhibitors. Each EDO participant will be introduced at the beginning of events and there will be ample time for networking before the event, during coffee breaks, and after the formal program. For more information, please contact Dillon Banerjee (Dillon.Banerjee@trade.gov).

Recent SelectUSA outreach has included: 

- On March 14, 2013, SelectUSA Deputy Executive Director Aaron Brickman gave the keynote address at Virginia’s Gateway Region’s Annual Meeting in Petersburg, Virginia. Attendees included 200 top executives and 50 local government officials.

- On March 19, 2013, SelectUSA’s Rebecca Moudry participated in the Niobrara Infrastructure Development Summit in Denver, Colorado. The Summit convened companies and economic development professionals to discuss opportunities and investment positioning. Rebecca discussed the services and assistance SelectUSA can provide to both investors and communities.

- On March 20, SelectUSA’s Tazeem Pasha participated as a speaker on a China - FDI webinar conducted by the Virginia Economic Development Partnership (VEDP) and the Virginia Economic Developer's Association (VEDA).

- On March 20, 2013, The U.S. Commercial Service at the United States Embassy in Tel Aviv, in cooperation with the American State Offices Association (ASOA) and the Manufacturers Association of Israel (MAI), organized a SelectUSA Seminar to highlight the United States as a premier business location. The seminar provided a forum for Israeli companies interested in entering or expanding in the US market to hear about locations and incentives from a number of state representatives based in Israel.

- On March 25-27, 2013, the U.S. Commercial Service China-Guangzhou held a “three cities in three days” road show in four industry sectors. The seminars involved high-level, intimate and interactive dialogue with leading service providers and EDOs under the theme, “Top EIGHT Things You Should Know before Investing in the USA”.

- On March 28, 2013, Aaron Brickman addressed the State International Development Organizations (SIDO) at the SIDO Washington Forum in Washington, DC. The forum provided an opportunity for SelectUSA to update the participants on SelectUSA services and ongoing activities.

Reports of Note:

- The United Nations Conference on Trade and Development (UNCTAD) has published the latest edition of The IPA Observer. The topic of this issue, “Optimizing Government Services: A Case for Joint Investment and Trade Promotion?” weighs the pros and cons of merging the two functions. Specifically, the report looks at how Business Sweden, UK Trade and Invest, and New Zealand Trade and Enterprise each approach a joint institutional set-up.

- The U.S. Bureau of Economic Analysis (BEA) released preliminary estimates of U.S. international accounts during the fourth quarter of 2012. According to its figures, FDI flows into the United States in the last quarter were $60.3 billion, an increase from $41.8 billion in the third quarter. Overall, it is estimated that in 2012, the United States received $167.6 billion in foreign direct investment, a decrease from nearly $227 billion in the prior year (not adjusted for current cost). Preliminary estimates by BEA are subject to revisions and complete annual estimates will be released in June 2013. The decline from 2011 flows reflects a worldwide slowdown in FDI flows over the last 15 months. The complete release is available at http://bea.gov/newsreleases/international/transactions/transnewsrelease.htm.

- The Organization for International Investment has published some analysis on the latest FDI figures released by the U.S. Bureau of Economic Analysis. The report, Foreign Direct Investment in the United States 2012 Preliminary Data, takes note that despite the global slowdown in FDI, 2012 remained at healthy levels when compared to activity over the past decade. Additionally, the report highlights that reinvested earnings actually increased by 18% over 2011.

In This Issue

  • Upcoming Outreach
  • Recent Activities
  • Reports of Note
=============

About SelectUSA

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 in the U.S. & Foreign Commercial Service (Commercial Service) within the International Trade Administration at the U.S. Department of Commerce, SelectUSA coordinates 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.

=============

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.

We invite you to connect with us through the “SelectUSA” group on Linkedin.