Guest blog post by Barry Johnson, executive director of SelectUSA
Today, Commerce Secretary John Bryson met with a number of U.S. ambassadors to countries where SelectUSA, the first federal initiative to help drive investment to the United States to create American jobs, is being implemented. The Commerce Department recently launched SelectUSA in ten countries, including China, Brazil, India and South Korea, and their discussion focused on opportunities for further collaboration. The ambassadors were visiting Washington as part of the State Department’s Global Chiefs of Mission Conference.
One of Secretary Bryson’s top priorities is attracting more investment to the United States to create good American jobs. The Commerce Department, through SelectUSA, is helping to tell the story of why America is the best place for companies from around the world to invest, to hire and to build the future of their businesses.
As part of SelectUSA, the Commerce Department will serve businesses seeking to invest or expand in the U.S. and the state, cities and regions that they seek to attract and host the business. SelectUSA serves as an information clearinghouse on federal rules, regulations and resources; advocates on behalf of the U.S. as the premier investment destination; and functions as an ombudsman to resolve federal-level problems, issues and impediments to investment.
The Commerce Department just finished two-day training sessions with commercial service officers in ten fast-growing pilot markets to conduct outreach to potential investors and perform SelectUSA investment promotion. Together, these countries represent approximately 30 percent of all foreign direct investment (FDI) in the United States. They also reflect both the largest and fastest growing sources of FDI, as well as posts that have been the most active on investment promotion issues.