SelectUSA Monthly Update

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Monthly Update

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SelectUSA Investment Summit

The first-ever SelectUSA 2013 Investment Summit was a tremendous success – we reached maximum capacity with more than 1,300 participants, including a diverse mix of global investors, U.S. economic development organizations (EDOs), government officials, U.S. companies, and business associations.

More than 650 international participants from 60 markets joined hundreds of representatives from U.S. EDOs hailing from 48 states, four territories and the District of Columbia.

President Obama at the SelectUSA Investment Summit.

President Barack Obama made it clear that the United States is not only “open for business,” but warmly welcomes investors to operate in our transparent, stable and open economy.

Secretary of Commerce at the SelectUSA Investment Summit.

Five Cabinet Members, Secretary of Commerce Penny Pritzker, Secretary of State John Kerry, Secretary of the Treasury Jack Lew, Secretary of Labor Thomas Perez and U.S. Trade Representative Michael Froman, along with C-Suite business leaders, emphasized the importance of FDI and the opportunities for growth in the U.S. market.

Photos are posted on the International Trade Administration Facebook page and keynote speeches are available online.

Were you at the Summit?  Do you have feedback or a success story to share?  Need assistance or advice with follow-up?  Please get in touch: info@selectUSA.gov.

Upcoming Activities:

- February 13, 2014, the U.S. Commercial Service Canada and SelectUSA are planning a special event showcasing U.S. investment opportunities and exports at the 2014 Canadian International AutoShow (CIAS).  Contact Stefan Popescu (Stefan.Popescu@trade.gov) or Preethi Tunnala (Preethi.Tunnala@trade.gov).

- April 2-3, 2014, the U.S. Commercial Service Austria and SelectUSA will host the 2nd Austrian Investment Forum. Through two one-day seminars in Vienna and Linz, U.S. EDOs can meet with 250 investors, industry associations, and others.  Contact Manfred Weinschenk (Manfred.Weinschenk@trade.gov).

- April 7-11, 2014, the U.S. Commercial Service Germany and SelectUSA will host 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 featuring SelectUSA and U.S. state, local and regional economic development organizations.  Contact Ed Fantasia (Ed.Fantasia@trade.gov) or Kelly Smith-Glover (Kelly.Smith-Glover@trade.gov).

- April 7-11, 2014, the U.S. Commercial Service India will lead a SelectUSA Road Show in Mumbai, Bangalore and New Delhi.  U.S. EDOs can promote their locations directly to potential investors and industry associations.  Contact Olga Ford (Olga.Ford@trade.gov), Kamal Vora (Kamal.Vora@trade.gov), or Manjushree Phookan (Manjushree.Phookan@trade.gov).

- April 22-23, 2014, SelectUSA will participate in the Council of American States in Europe (CASE) investment event in Brussels and Antwerp, Belgium, and Lille, France.  Contact Ford Graham (fgraham@sccommerce.com).

- May 5-8, 2014, a SelectUSA representative will speak at the 2014 Offshore Technology Conference (OTC) in Houston, Texas. SelectUSA will lead a seminar and staff will meet one-on-one with investors to provide information about starting and growing businesses in the United States. Contact Bill Kutson (William.Kutson@trade.gov).

- June 2-5, 2014, SelectUSA will participate in the Council of American States in Europe (CASE) investment event in Cambridge and Bristol, United Kingdom.  Contact Ford Graham (fgraham@sccommerce.com).

- September 16-20, 2014, the U.S. Commercial Service Germany and SelectUSA will participate in Automechanika, a global trade show and conference for the automotive industry. Contact Ed Fantasia (Ed.Fantasia@trade.gov).

- December 9-11, 2014, SelectUSA will participate in the 2014 Power-Gen International Conference (Power-Gen) in Orlando, Florida. SelectUSA staff will lead a seminar on investing in the United States and meet one-on-one with businesses and investors. Contact Bill Kutson (William.Kutson@trade.gov).

Recent Highlights: 

- October 23-24, 2013, Kevin Chambers of the U.S. Commercial Service Japan presented on SelectUSA and the Japanese market for FDI attraction and exports at the Missouri Economic Development Council’s Fall 2013 Conference in Columbia, Missouri.  More than 40 EDO executives attended the presentation. 

- October 31-November 1, 2013, President Obama and the Department of Commerce hosted the SelectUSA Investment Summit in Washington, D.C.

DCM Sheila Gwaltney addressing the SelectUSA Technology Forum in Moscow, Russia.

- November 7, 2013, the U.S. Commercial Service in Russia hosted a SelectUSA Technology Investment Forum at the U.S. Ambassador’s Residence in Moscow. The Forum provided over 100 Russian high-tech companies and venture capital investors with the opportunity to understand the advantages of investing and conducting business in the United States.

- November 7, 2013, Florida Governor Rick Scott led a 38-member business delegation to Osaka, Japan and the U.S. Commercial Service Japan assisted Enterprise Florida in organizing the “Florida Business Forum” and a reception.  More than 60 local business leaders participated.

November 19-21, 2013, Keida Ackerman of SelectUSA participated in the Invest & Trade in the USA – Building Bridges between Spain and the U.S. to Develop the Americas – Forum & Expo, organized by the U.S. Commercial Service in Madrid, together with the American Chamber of Commerce in Spain. Through two one-day seminars in Madrid and Barcelona, seven participating U.S. EDOs met with more than 250 potential investors, industry associations, and other trade and investment organizations.

November 22, 2013, Secretary Pritzker welcomed more than 80 attendees to a special SelectUSA Investment event in Munich, Germany. The Secretary gave a keynote address about investing in the U.S., the SelectUSA program, and the importance of workforce training and skills development. Amy Zecha of SelectUSA and Ed Fantasia of the U.S. Commercial Service in Germany also met with investors and partners.

Reports of Note:

- U.S. Department of Commerce and the President’s Council of Economic Advisers released a new report on foreign direct investment (FDI) in the United States, providing a look at recent country and industrial trends.

- Secretary Penny Pritzker outlined a bold policy agenda for the U.S. Department of Commerce, focused on U.S. trade and investment, innovation and data. Read more and check out a brief video at commerce.gov.  

- Secretary Pritzker and Secretary John Kerry joined forces in an op-ed for Politico: “United States is open for business.”

- Executive Director Vinai Thummalapally discussed the Summit and next steps for SelectUSA at tradeology, the official blog of the International Trade Administration.

- If you missed the SelectUSA 2013 Investment Summit, this White House blog post includes highlights from the first day, and this ITA post sums up the second day, including an announcement about the Manufacturing Council from Secretary Pritzker.

- The Washington Post interviewed Secretary Pritzker before she kicked off the SelectUSA 2013 Investment Summit on FDI and other business investment.

- “More Foreign Firms Look to Make it in the USA,” according to NPR, reporting from the SelectUSA 2013 Investment Summit.

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In This Issue

- Upcoming Activities
- Recent Highlights
- Reports of Note

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About SelectUSA

SelectUSA is the U.S. Government-wide program to attract, retain, and grow business investment in the United States. It was established by a Presidential Executive Order and is housed in the Global Markets unit within the U.S. Department of Commerce’s International Trade Administration.

Among its functions, SelectUSA:

- Coordinates existing resources and functions within the Department of Commerce and across all federal departments and agencies with operations that touch on business investment issues

- Facilitates partnerships with state, regional, and local economic development organizations to expand U.S. business attraction and retention

- Represents 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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