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Blog Entries from June 13, 2013

Pre-Registration Opens For SelectUSA 2013 Investment Summit

SelectUSA Summit 2013

Pre-registration is now open for the SelectUSA 2013 Investment Summit! This first-ever event will take place in Washington, DC on October 31 and November 1. 

The two-day SelectUSA 2013 Investment Summit will connect international and domestic investors and firms with economic development organizations (EDOs) from across the country in an effort to promote investment here and support the creation of American jobs.

Through a series of presentations and panel discussions, Summit participants will hear from world-class business leaders, senior Administration officials, and industry and technical experts. The Summit will feature an exhibition area where EDOs can showcase their business opportunities. Participants will also learn what Federal resources are available for investing in the United States. Another key component of the Summit will be matchmaking sessions, with opportunities for extensive networking.

SelectUSA, located within the International Trade Administration of the U.S. Department of Commerce, was established by President Obama in 2011. This Presidential initiative is charged with leading federal government efforts to promote the United Sates as the premier global investment destination and facilitate investment in the nation. SelectUSA provides counseling to the global investment community, serves as an ombudsman for investors, and advocates for U.S. cities, states, and regions competing for global investment.

International Travelers to the United States Post Record Numbers in Visits and Spending

Bryce Canyon National Park

U.S. Under Secretary for International Trade Francisco Sánchez highlighted new data today that show spending by international visitors to the United States in April 2013 totaled nearly $14.5 billion, an increase of more than 5 percent when compared to April 2012. International visitors have spent an estimated $57.9 billion on U.S. travel and tourism-related services year to date in 2013 (January through April), an increase of 8 percent when compared to the same period last year.

Purchases of travel and tourism-related goods and services by international visitors traveling in the United States totaled $11.2 billion during April. These goods and services include food, lodging, recreation, gifts, entertainment, local transportation in the United States, and other items incidental to foreign travel. Fares received by U.S. carriers (and U.S. vessel operators) from international visitors totaled nearly $3.3 billion for the month. The United States enjoyed a favorable balance of trade for the month of April in the travel and tourism sector, with a surplus of nearly $4.2 billion.

In 2012, international travel and tourism spending reached a record $168.1 billion, up 10 percent from 2011. The increase was the result of a surge in international visitors to the United States: in 2012, a record 67.0 million international visitors came to the United States, an increase of 4.3 million from the year before. Highlights of the 2012 arrivals data show that Canadian visitors set a record with 22.7 million visitors, up 6 percent.  Mexico was second with a record 14.5 million arrivals, up 8 percent. The U.K., (-2 percent), Japan (+14 percent), and Germany (+3 percent) rounded out the top five. Countries among the top 20 with the largest increase in 2012 from the previous year were: China (+35 percent), Colombia (+21 percent), Venezuela and Argentina (both up +20 percent), and Brazil (+ 19 percent). All five countries set records for visits to the United States in 2012.