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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. 

FOR IMMEDIATE RELEASE
Friday, June 22, 2018
News Media Contact:
Office of Public Affairs
publicaffairs@doc.gov
(202) 482-4883

Secretary Wilbur Ross Concludes SelectUSA Investment Summit with $600 Million Announced in New Deals, Supporting 650 U.S. Jobs

WASHINGTON - Today, U.S. Secretary of Commerce Wilbur Ross concluded the fifth SelectUSA Investment Summit. More than 3,000 people attended this year’s Summit, 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, five Cabinet secretaries, as well as executives from Mercedes-Benz US International, Siemens USA, and Toyota Motor North America. 

“SelectUSA continues to be the premier event for international companies looking to enter American markets,” said Secretary Ross. “With millions in investments announced over the past few days, hundreds of American jobs will be created in communities across the country. Clearly, under the leadership of President Donald J. Trump, the United States continues to be the best place in the world for foreign investment.”

During this year’s Summit, four international companies, JSW Steel, NewCold, Re:Cognition Health, and Weastec, announced expansions in the United States, projects worth more than $600 million and creating approximately 650 new jobs. In addition, this year’s event included more than 2,700 individual matchmaking meetings among the companies and EDOs in attendance. 

Past attendees of SelectUSA have announced nearly $93 billion in new investment projects, which support 140,000 American jobs.

Secretary Ross also unveiled a report on the immense benefits rural communities have received from foreign direct investment (FDI) – just since 2003 the value of greenfield FDI in nonmetro areas has totaled nearly $56.8 billion. 

The 2018 Investment Summit focused on several issues affecting FDI in the United States, including infrastructure, tax reform, deregulation, advanced manufacturing, and the burgeoning commercial space industry. 

Secretary Ross announced that the 2019 SelectUSA Investment Summit is planned for June 10-12, 2019.


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