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Export and investment promotion

Exports and foreign direct investment (FDI) are proven job generators. Exported goods and services supported 10.7 million well-paying U.S. jobs in 2016. In 2015, majority-owned U.S. affiliates of foreign companies directly employed 6.8 million Americans.

Registration Now Open For 2018 SelectUSA Investment Summit

Blog
Today, I am pleased to announce that registration is open for the 2018 SelectUSA Investment Summit, with this year’s theme of: Invest Here. Grow Here. Succeed Here. The SelectUSA Investment Summit will take place on June 20-22, 2018, at the Gaylord National Resort and Convention Center near Washington. The goal is to connect global business leaders with U.S. states and their economic development...

U.S. Secretary of Commerce Wilbur Ross Announces Hundreds of Billions in Deals Between U.S. Companies and Chinese Entities

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced the signing of approximately a quarter trillion dollars in deals facilitated by the Department of Commerce between private U.S. businesses and Chinese entities. The agreements, most of which occurred as part of the U.S. Department of Commerce’s 2017 U.S. CEO Delegation to China, will bring thousands of new jobs to America. “American...

Foreign Direct Investment Strengthens America’s High-Tech Competitiveness

Blog
By Maureen Book, Research Analyst, SelectUSA SelectUSA recently released its second industry-focused report: “High-Tech Industries: The Role of FDI in Driving Innovation and Growth.” This report provides an in-depth look at high-tech clusters in the United States and gives the first-ever analysis of the role of foreign direct investment (FDI) in high-tech industries. The report’s biggest takeaway...

International Visitors Spend More than $20 Billion in July

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced that international visitors spent an estimated $21.2 billion on travel to, and tourism-related activities within, the United States during the month of July, an increase of more than 4 percent when compared to July 2016. Travel and tourism-related exports have exhibited growth each month of 2017. “It is a pleasure to announce that...

Secretary Ross Celebrates $380 Million Samsung Investment in South Carolina; Creation of 954 Local Jobs in Advanced Manufacturing

Press releases
“Samsung’s investment is great news for South Carolina and the United States, and it is a direct reflection of the fact that America is becoming an even stronger destination for global businesses looking to grow,” said United States Commerce Secretary Wilbur Ross. “I congratulate Samsung on its expansion in the United States and wish the company success as it starts up its new facility in South...

Secretary Wilbur Ross Concludes 2017 SelectUSA Investment Summit

Press releases
The Department of Commerce concluded its fourth SelectUSA Investment Summit (Investment Summit) on Tuesday, setting records for total registrations and participating international business representatives. More than 3,000 people registered for the Investment Summit, including 1,200 business representatives from 64 foreign markets. “This continues to be the best place for business representatives...

Cabinet Secretaries to Join Secretary of Commerce Wilbur Ross at SelectUSA Investment Summit

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross announced he will be joined by Secretary of the Treasury Steven T. Mnuchin, Secretary of Labor Alexander Acosta, and Secretary of Energy Rick Perry at the 2017 SelectUSA Investment Summit, June 18-20, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. “President Trump is committed to creating a business-friendly...

Foreign Direct Investment: Driving Global Competitiveness and Innovation

Blog
The following is a cross-post from the U.S. Economic and Development Administration Foreign Direct Investment (FDI) plays an important role in the U.S. economy. It leads to the creation of jobs, an increase in wealth and living standards, and overall growth and innovation that drive the U.S. economic competitiveness. Later this month, the Commerce Department will host the 2017 SelectUSA Investment...

The U.S. Government Pavilion at the SelectUSA Investment Summit – Federal Investment Resources at Your Fingertips

Blog
The following is a cross-post from Tradeology, the official blog of the International Trade Administration (ITA) By Andrew Owusu, Intern, SelectUSA The 2017 SelectUSA Investment Summit provides a platform to communicate economic priorities and affirm the United States as the number one destination in the world for foreign direct investment. Looking for U.S. economic data and analysis? The U.S....

U.S. Secretary of Commerce Celebrates World Trade Week by Honoring U.S. Firms with Presidential Export Award

Press releases
Today, U.S. Secretary of Commerce Wilbur Ross honored 32 U.S. companies and organizations that export goods and services during the 2017 President’s “E” Awards ceremony. Companies representing 23 states and Guam were recognized as part of the 55th anniversary of the award. This year’s honorees include 26 small and medium-sized businesses and 11 manufacturers. “Job creation is a top priority for...