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FOR IMMEDIATE RELEASE
Wednesday, June 12, 2019
Contact: Office of Public Affairs
(202) 482-4883

Secretary of Commerce Wilbur Ross Concludes SelectUSA Investment Summit, Celebrating New Business Projects and Workforce Development

WASHINGTON - 
​​​​​​Today, U.S. Secretary of Commerce Wilbur Ross concluded the sixth SelectUSA Investment Summit, after bringing together business leaders and economic development officials from 79 global markets and 49 U.S. states and territories. More than 3,100 people attended, including 1,200 business representatives.

Throughout the Summit, Director of the National Economic Council Larry Kudlow, Advisor to the President Ivanka Trump, Secretary of the Treasury Steven Mnuchin, Secretary of Housing and Urban Development Ben Carson, Secretary of Energy Rick Perry, as well as eight U.S. governors and executives from multiple global companies all provided remarks.

“Nowhere else but in the United States will you find such an advantageous mixture of innovation, entrepreneurship, diversity, dedication to hard work, and an incredibly high quality of life,” said Secretary of Commerce Wilbur Ross. “Opening operations in the United States provides companies with access to the wealthiest and most discerning consumers in the world.”

Additionally, more than 65 international companies joined Secretary Ross and Ivanka Trump at a ceremonial signing of the Pledge to America’s Workers, having committed to create more than 900,000 workforce development opportunities for American workers.

Three international companies announced expansions in the United States: Italian storage solutions manufacturer Modula in Ohio; Taiwan company Jetton Biochemistry Co., Ltd. in Idaho; and Australian freight management company Myfreight in Colorado.

The Investment Summit brings together companies from around the world and economic developers from across the United States, helping to establish connections that will lead to business investment projects. Past participants have announced more than $103.6 billion in investment projects within five years of attending the Summit.

FOR IMMEDIATE RELEASE
June 5, 2019
Contact: Office of Public Affairs
(202) 482-4883

Ivanka Trump and Larry Kudlow to Provide Keynote Remarks at 2019 SelectUSA Investment Summit

WASHINGTON – Advisor to the President Ivanka Trump and National Economic Council Director Larry Kudlow will deliver keynote remarks at the SelectUSA Investment Summit on June 11-12, the U.S. Department of Commerce announced today. The Investment Summit, hosted by Secretary of Commerce Wilbur Ross, is the premier Federal event showcasing business investment opportunities available throughout the United States to global leaders.

Kudlow will deliver lunch remarks on June 11. Trump will speak on a workforce development panel on June 12.

“This Administration’s policies are further solidifying the United States as the premier location to do business,” Kudlow said. “The SelectUSA Investment Summit is an excellent platform to tell a global audience that investing in the United States is a critical step to doing business in the modern global economy, and I am excited to be a part of it.”

“While President’s pro-growth policies have attracted the attention of business leaders and entrepreneurs around the world, it’s our incomparable workforce that often seals the deal for new investment projects. I’m proud to join Secretary Ross at this year’s SelectUSA Investment Summit to discuss the unparalleled opportunity to invest in our roaring economy and how we are working to ensure our workforce is equipped with the skills and talents for the jobs of today and tomorrow,” Trump said.

“The SelectUSA Investment Summit is where global business potential meets business opportunity here in the United States,” Secretary Ross said. “We are proud that these White House leaders will be joining this year’s SelectUSA Investment Summit and sharing the message that this is the best place in the world to do business.”

Secretary Ross and Ivanka Trump are co-chairs of the National Council for the American Worker and the American Workforce Policy Advisory Board which seeks to bring more Americans off the sidelines and into the workforce by improving jobs data transparency, skills-based hiring and training, advancing opportunities for lifelong learning, and promoting multiple pathways to family-sustaining careers.

Ross and Trump will also join Investment Summit business attendees as they sign the Pledge to America’s Workers. The Pledge is a commitment to expand programs that educate, train, and reskill American workers from high school to near retirement. Since President Trump signed the Executive Order, more than 200 companies and organizations have signed the Pledge, contributing to over 8.9 million new education and training opportunities for American students and workers over the next five years.

The annual Investment Summit will be held June 10-12 at the Washington Hilton in Washington, D.C. Participants from the previous five Summits have announced more than $103.6 billion in greenfield investment projects in the United States within five years of attending. These projects directly support more than 167,000 U.S. jobs.

Registration is open and already includes more than 2,800 attendees from over 70 international markets and 49 U.S. states and territories. Featured speakers include Secretary of the Treasury Steven Mnuchin, Secretary of Agriculture Sonny Perdue, Secretary of Housing and Urban Development Ben Carson, Secretary of Energy Rick Perry, governors from eight states, and senior executives from companies including Hitachi, Siemens, and Softbank.

The United States is home to more foreign direct investment (FDI) than any other country in the world, with a total stock of more than $4 trillion of investment according to the latest data. FDI supports nearly 14 million American jobs, and is responsible for $370 billion in U.S. goods exports.

FOR IMMEDIATE RELEASE
May 24, 2019
Contact: Office of Public Affairs
(202) 482-6904

PAST PARTICIPANTS OF THE SELECTUSA INVESTMENT SUMMIT HAVE ANNOUNCED MORE THAN $100 BILLION OF INVESTMENT IN THE UNITED STATES

WASHINGTON
- Today, the International Trade Administration of the U.S. Department of Commerce announced that participants of previous SelectUSA Investment Summits have announced more than $103.6 billion in new investment projects in the United States within five years of attending the Investment Summit. These projects support more than 167,000 U.S. jobs.

The annual SelectUSA Investment Summit, hosted by the Department, supports global businesses seeking opportunities to expand and create jobs in the United States.

“Global companies clearly see the benefits of investing in the world’s largest economy,” said Commerce Under Secretary Gilbert Kaplan. “A lower corporate tax rate, fewer regulations, and renewed confidence in the American market have created the opportunity for further global investment. America remains the best place in the world to invest, and this impressive number proves it.” 

The 2019 SelectUSA Investment Summit, from June 10-12, will be hosted at the Washington Hilton in Washington, D.C. 

Companies attending the Investment Summit discover new business opportunities and meet directly with economic development organization professionals from all corners of the United States, who work to bring those investments to fruition. Participants also have the opportunity to improve their understanding of the U.S. business climate through discussions by policymakers and business leaders.

Representatives from 49 U.S. states and territories as well as 64 international markets have already registered for this year’s event, joining eight U.S. governors, five Cabinet secretaries, and executives from several Fortune 500 companies. 

Registration is still open for economic development teams and business representatives to join the Investment Summit at selectusasummit.us. Members of the U.S. and international press can apply for media credentials to witness the deal-making and keynote speakers at https://www.selectusasummit.us/Newsroom/Press-Pass.

MEDIA ADVISORY
Tuesday, April 9, 2019
Office of Public Affairs
Contact: Chris Higginbotham
(202) 482-6904

MEDIA REGISTRATION IS OPEN FOR THE SELECTUSA INVESTMENT SUMMIT, JUNE 10-12 IN WASHINGTON, D.C.

WASHINGTON – U.S. Secretary of Commerce Wilbur Ross will host the 2019 SelectUSA Investment Summit which will include the participation of other key Trump Administration officials, members of Congress, U.S. governors, as well as executives from global companies including Braun, Hitachi, and Softbank.

The 2019 Investment Summit will be held at the Washington Hilton in Washington, D.C. from June 10-12.

The previous five Investment Summits attracted thousands of international investors, and past participants have announced $98 billion in new U.S. investment projects. The 2018 event attracted more than 3,000 total attendees, including investors from 66 markets and EDOs from 51 U.S. states and territories. Representatives from 50 U.S. states and territories and 43 international markets have already registered for this year’s Investment Summit.

The SelectUSA Investment Summit is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to facilitate business investment in the United States.

For the first time, it will also feature programming targeted specifically for startup and technology companies interested in expanding in the United States. In addition, speakers at the 2019 Investment Summit will address key issues related to foreign direct investment and economic development, and discuss priority sectors including advanced manufacturing, health care and biotechnology, agriculture, and the digital economy.

The Investment Summit will be open to press Tuesday, June 11, and Wednesday, June 12. Registration at www.selectusasummit.us/Newsroom/Press-Pass is required for attendance.

WHO: U.S. Secretary of Commerce Wilbur Ross, and others
WHAT: The SelectUSA Investment Summit
WHEN: Tuesday, June 11 - Wednesday, June 12, 2019
WHERE: Washington Hilton - 1919 Connecticut Ave NW, Washington, D.C. 20009

FOR IMMEDIATE RELEASE
Monday, October 15, 2018
Office of Public Affairs
Contact: John Ewald
(202) 482-3809

UNDER SECRETARY KAPLAN ANNOUNCES NEW SELECTUSA LEADERSHIP

Today, Under Secretary for International Trade Gil Kaplan officially named Brian J. Lenihan as Executive Director of SelectUSA, the program within the International Trade Administration (ITA) dedicated to attracting and expanding business investment in the United States.

“Mr. Lenihan has been an important part of our team for more than a year, contributing to President Trump’s push to create a pro-growth business environment that provides more opportunities for hard-working Americans,” said Under Secretary Kaplan. “I know that his leadership and dedication to service will benefit SelectUSA as it continues its critical mission supporting U.S. economic growth.”

Mr. Lenihan will lead a global team that has facilitated more than $44 billion in new U.S. investment projects. Moreover, he and his team will focus on targeted industry sectors which the Trump Administration considers critical to maintaining U.S. economic leadership, including advanced manufacturing, space commerce, energy production, agriculture, and life sciences.

“We are glad to have someone like Brian helping to spearhead the U.S. government’s push to increase business investment in the industries that will dominate the 21st century,” said Deputy Assistant Secretary of Commerce for Manufacturing Ian Steff.

“I am honored that Secretary Ross and Under Secretary Kaplan have selected me to lead the SelectUSA team and to support this important mission,” said Mr. Lenihan. “I look forward to working with this devoted team and this best-in-class program to support high paying jobs for U.S. workers and sustain the hundreds of billions of dollars in U.S. goods that are exported by majority foreign-owned firms.”

FOR IMMEDIATE RELEASE
Thursday, July 19, 2018
Office of Public Affairs
publicaffairs@doc.gov
(202) 482-4883

U.S. Department of Commerce Announces Call for Nominations to Investment Advisory Council

The U.S Department of Commerce announced today that it is accepting nominations for the Secretary’s Investment Advisory Council. The role of the Council is to consider ways to attract and retain foreign direct investment (FDI) in the United States. Comprehensively, the United States is home to more FDI than any other country in the world, with a total stock of $3.7 trillion at the end of 2016.

“President Trump is committed to a pro-business agenda that will support the trend of economic growth and development here in the United States,” said Secretary of Commerce Wilbur Ross. “The Investment Advisory Council plays a critical role advising the Department on how we can best support that mission by further increasing our FDI footprint while creating new American jobs.”

The call for nominations follows the fifth annual SelectUSA Investment Summit in June, which brought more than 3,000 people, including 1,200 business representatives from 66 foreign markets, and economic development organizations (EDOs) from 51 U.S. states and territories. During the event, Secretary Ross was joined by 10 Governors, three Cabinet secretaries, as well as executives from Mercedes-Benz US International, Siemens USA, and Toyota Motor North America, while more than $600 million in new investment projects were announced.

First chartered in 2016, the Council has made recommendations on issues including broadening infrastructure investment priorities, improving U.S. workforce initiatives, and refining digital tools. Many of these recommendations have been implemented, while others remain under consideration. 

Membership on the Council consists of up to 20 members appointed by the Secretary. The members should represent companies and organizations investing, seeking to invest, seeking foreign investors, or facilitating investment across many sectors, including:
  • U.S. incorporated companies that are majority-owned by foreign companies or individuals, or that generate significant foreign direct investment;
  • Companies or entities whose business includes FDI-related activities or the facilitation of FDI: and
  • Economic development organizations and other U.S. governmental and non-governmental organizations and associations whose missions or activities include the promotion or facilitation of FDI.
All members serve a two-year term, are appointed by and serve at the pleasure of the Secretary, must be able to meet at least twice a year, and must also be a U.S. national or permanent resident. Foreign nationals are not allowed to apply.

The Council is scheduled to meet a minimum of two times a year with additional meetings being called at the discretion of the Secretary of Commerce or his/her designee. 

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