Read the latest on new investments, SelectUSA events, and other activities
Mentoring International Success: A Mid-Size Midwestern Municipality’s Mission
Kevin D. Malecek, Director of Economic Development and International Trade, City of Mentor, Ohio
(February 27, 2019) Recognizing the unique approach of a smaller municipality to engage in global trade and investment conversation, the City of Mentor has successfully conducted several trade-oriented seminars to inform area companies on the benefits of overseas business opportunities, pursued potential partners interested in FDI through annual trade missions to Germany and the United Kingdom, and marketed incentive programs essential to the success of those that would examine opportunities in Mentor.
Spotlight on EDOs
SelectUSA regularly features guest blog posts from economic development organizations (EDOs) across the country. Read more about how FDI is benefitting communities large and small.Read Blog Posts
Faribault: The Most Global Small City in Minnesota
By Elise Buchen, Deanna Kuennen, Samantha Markman, and Laurence Reszetar, Minnesota Department of Employment and Economic Development
(December 19, 2018) Faribault is just like New York City… if New York City had a population of 24,000, was located an hour south of Minneapolis, and had a median house price of $182,400. In truth, Faribault might be the most global small city in Minnesota, if not the world. Its motto is Small Town Pride, Big City Opportunity, and it has the data to back both of those up.
Facilitating Business Investment to Deliver for the American Economy
By Wilbur Ross, Secretary of Commerce
(November 1, 2018) Next year’s Investment Summit will take place from June 10-12, 2019 in Washington, D.C. at the Washington Hilton. Throughout its existence, the Investment Summit has been a key contributor to advancing the Department of Commerce’s mission to support U.S. economic growth and create opportunities for hardworking Americans. Past Investment Summit participants have announced $98 billion in new investment projects which have been responsible for creating more than 150,000 American jobs.
Building Relationships: The Key to Making Illinois a Top Location for FDI
By Mark Peterson, President & CEO, Intersect Illinois
(October 10, 2018) Through proactive outreach, Intersect Illinois’ project pipeline has nearly quadrupled over the past year; the team is currently working on nearly 100 business attraction projects, more than 50 percent of which are FDI projects. That number is expected to grow as Intersect Illinois continues to market the state’s rich assets around the globe.
Manufacturing Leads as Top Sector for Foreign Direct Investment in the United States
By Maureen Book, Research Analyst, SelectUSA
(September 28, 2018) With Manufacturing Day fast approaching on October 5, this is a great opportunity to recognize the important role that foreign direct investment (FDI) plays in the U.S. manufacturing sector. Throughout the past 20 years, the manufacturing sector has been the largest recipient of all foreign direct investment in the United States, and as of 2017, it represented nearly 40 percent of the total U.S. FDI position, amounting to $1.6 trillion. This is almost three times the amount of the next largest sector for FDI in the United States: finance.
Robust U.S. Economy Beckons Foreign Firms
By ShareAmerica (State Department)
(August 14, 2018) Four trillion dollars. That’s how much foreign businesses invested in the United States in 2017. That’s a record, the U.S. Commerce Department says. No country attracts more. The strong U.S. economy is giving them even more reason to come and sell more products in what is by far the world’s largest consumer market.
More Than Four Trillion Dollars: FDI in the USA in 2017
By Elizabeth Schaefer, Director of Investment Research, SelectUSA
(August 2, 2018) This updated data, measured by ultimate beneficial owner (meaning that there is a majority foreign-owned entity atop its U.S. affiliate’s ownership chain), provides a picture of which economies are the largest and fastest growing investors in the United States. The $4 trillion mark is an exciting and new record. But in 2017 alone, the flow of FDI into the United States was $277.3 billion.