Vinai Thummalapally, Executive Director, SelectUSA U.S. Department of Commerce (Location USA 2014)
The year 2013 was an exciting one for
investment in the United States, which reclaimed the top spot in foreign direct investment(FDI) attractiveness in a survey among global business executives by AT Kearney.
Driven in part by technological innovation and
reduced operating costs in some sectors, international
firms choose the United States more
than any other market and benefit from its
large, stable, and growing economy.
At the SelectUSA 2013 Investment Summit,
President Barack Obama hosted a sold-out
crowd of more than 1,300 people from
60 international markets, 48 states, four U.S.
territories, and the District of Columbia. Joined
by five Cabinet secretaries, he made it clear
that the United States is open for business and
warmly welcomes foreign investors. Secretary
of Commerce Penny Pritzker committed to
providing the tools and information international
firms need at “the pace of business.”
The President also announced the expansion
and enhancement of SelectUSA, which is
the U.S. federal government program to
promote and facilitate direct investment.
Housed within the U.S. Department of
Commerce, SelectUSA coordinates across the
federal government to serve as a single point
of contact for information and connections.
We act as an ombudsman, assisting investors
to navigate the federal government and
address regulatory questions. To learn how we
can help you, please visit www.SelectUSA.gov
We congratulate Area Development for
another successful annual edition of
LocationUSA. This publication has been a valuable
resource for the economic development community,
and we look forward to continuing our
U.S. Department of Commerce