June 1-3, 2020 | Washington Hilton, Washington, D.C.
Business Potential Met Business Opportunity at the 2019 SelectUSA Investment SummitJune 20, 2019
Brian Lenihan is the Executive Director of SelectUSA
The 2019 SelectUSA Investment Summit is over, but its impact is just beginning. Last week, thousands of people from all over the world converged on the Washington Hilton in Washington, D.C. to turn business potential into business opportunity. So much happened that I think it’s best to start with the numbers:
- More than 3,100 total attendees joined us, including 1,200 global business representatives from a record 79 international markets and over 700 economic development professionals and service providers from 49 states and territories.
- Four Cabinet secretaries addressed the Investment Summit: Secretary of Commerce Wilbur Ross, Secretary of Housing and Urban Development Ben Carson, Secretary of the Treasury Steven Mnuchin, and Secretary of Energy Rick Perry – all of whom highlighted how each of their departments is working to keep the United States competitive and open for business.
- More than 3,200 meetings were scheduled and confirmed through the online matchmaking app, meetings that may form the foundation of several investment deals.
- Three international companies announced U.S. expansions, representing more than 125 new jobs and several million dollars in greenfield foreign direct investment (FDI) in Idaho, Ohio, and Colorado.
- The Governor of Mississippi announced a $59 million investment by a California-based aerospace company in the Magnolia State.
Beyond the informative sessions, exciting news was made. Ivanka Trump, joined onstage by Secretary Wilbur Ross and Siemens USA CEO Barbara Humpton, announced that more than 65 global companies had committed to creating over 930,000 apprenticeship and training opportunities for U.S. workers as part of the White House’s Pledge to American Workers. “This is not only the right thing to do … it’s good business,” Trump said. “There is a positive return on investment for this continual investment in what is the best workforce in the world.”
The SelectUSA Tech Startup Investment Spotlight was an exciting first for us, an intensive program of pitching sessions and networking designed to connect early-stage startups with U.S. investment opportunities. Forty companies made their pitch to U.S. incubators and accelerators, all with the goal of breaking into the world’s largest market. Three companies were chosen, all winning hours of legal consultations and media training by law firm Green & Spiegel and a business accelerator program in Silicon Valley. The winning companies are: Spanish artificial intelligence platform company Moonshot, Hungarian container manufacturing company Continest, and Israeli food-tech company DouxMatok.
Another first at the Investment Summit was Industry Row, where associations not only had the opportunity to exhibit and network with attendees, but to also present a 30-minute “State of the Industry” presentation for investors and EDOs alike.
Four different companies made news for another reason: investment projects valued at almost $100 million were announced in four states. Italian manufacturer Modula will invest $26 million in Franklin, Ohio to establish operations and create 100 jobs. Taiwan-based dairy product manufacturer Jetton Biochemistry Co., Ltd. chose Nampa, Idaho as the location of its next plant, a $2 million project that will create 25 jobs. Australian freight company MyFreight announced that it would invest $500,000 to establish operations in Denver, Colorado, part of an effort to duplicate its $40-million success from Down Under to the United States. Mississippi Governor Phil Bryant announced that California-based aerospace company Relativity Space will invest $59 million and create nearly 200 jobs at NASA’s Stennis Space Center in Hancock, Mississippi.
It was an honor (and a thrill) to experience this international excitement firsthand. SelectUSA is the embodiment of the U.S. government’s commitment to creating an open, welcoming, and competitive business environment. It’s a program whose core mission is to promote job-creating FDI. The SelectUSA Investment Summit continuously delivers on that mission.
As I look back on another successful Investment Summit, I look forward to the American jobs that will be created as a result. To the world’s business investors, I say: The United States is open for your business, and SelectUSA is here to make sure you have the information and resources needed to invest and succeed here. To America’s hard-working economic developers, I say: Thank you for consistently—and expertly—driving investment into the United States – SelectUSA is here to assist you.
Secretary of Commerce Wilbur Ross Concludes SelectUSA Investment Summit, Celebrating New Business Projects and Workforce DevelopmentJune 12, 2019
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.
US Senators Manchin and Capito Invite Global Business Leaders to Attend SelectUSA Investment Summit and Discover Why West Virginia is the Right Choice for Global CompaniesJune 7, 2019
This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.
Sara B. Dearing is the Executive Director of Discover the Real West Virginia Foundation
West Virginia is the premier location for global companies to expand and relocate. Companies that come to West Virginia are met with a thriving business climate, a dedicated and technically-trained workforce, low cost of doing business, an abundant and inexpensive supply of energy – and unending support from our local, state and federal leaders.
West Virginia’s U.S. senators not only play a hands-on role when it comes to attracting investment, they are dedicated to ensuring that companies that do invest in West Virginia, succeed. This unwavering commitment to helping global companies find a home in the Mountain State is why Senators Joe Manchin and Shelley Moore Capito have teamed up to invite global executives to attend the SelectUSA Investment Summit and to join them at the West Virginia Booth (#714) for the State and Local Night Reception on June 11. Additionally, our senators invite business leaders to attend the West Virginia Spinoff Event, June 13-14, in Wheeling, West Virginia.
Here’s just a few reasons for global executives to choose West Virginia:
- West Virginia is home to 136 global companies (including Toyota, Gestamp, Covestro, Novartis, TransCanada, Sogefi, Safran, and more) representing 30 countries from around the world with a diverse manufacturing base of industries including aerospace, automotive, chemical and polymers, energy, defense, and information technology, to name a few.
- West Virginia has the strategic advantage of being in a region with the most cost-effective and abundant natural gas in the industrialized world. This region is right in the middle of half the U.S. market, and close to over two-thirds of U.S. polyethylene consumption.
- West Virginia (located in Shale Crescent USA) is the most profitable place to locate petrochemical and other manufacturing plants. In fact, Yahoo Finance, the US Department of Energy, oilprice.com and others are calling this region “a second U.S. Petrochemical Hub”.
- According to the American Chemistry Council, the Appalachian Region is uniquely positioned over the next decade to become a major petrochemical hub with the potential to attract $36 billion in new chemical and plastics industry investment.
It’s not just the aesthetic beauty of the state and its abundant natural resources that make West Virginia a great place to do business. Deep down, it’s the people that make West Virginia a world-class location, and a state dedicated to providing the resources to elevate your company to the next level. Please come and meet our team, including Senators Manchin and Capito, at the SelectUSA Investment Summit, then join us in Wheeling for our spinoff event, and let’s get down to business.
The 2019 SelectUSA Investment Summit: Ivanka Trump, Larry Kudlow, Tech Startups & MoreJune 6, 2019
Brian Lenihan is the Executive Director of SelectUSA
The SelectUSA Investment Summit brings global companies together with economic developers from across the United States, all for one purpose – to connect global business to local investment opportunities. I am honored and thrilled to say that this year’s Investment Summit will feature special guests from the White House. Advisor to the President Ivanka Trump and National Economic Council Director Larry Kudlow will provide keynote remarks to more than 3,000 attendees on June 11-12. Both will focus on how business investment and SelectUSA play key roles in America’s economic resurgence.
Their inclusion in the program is further evidence of the Administration’s dedication to creating a pro-growth business environment where the world’s companies can flourish. It is also further evidence that the 2019 SelectUSA Investment Summit is the premier business investment event in the United States.
Global companies directly support more than seven million U.S. jobs, and SelectUSA is working to increase that number. But we are also dedicated to working with national and international stakeholders to ensure that American workers are equipped with the skills and education needed to succeed in the 21st century. That’s why Ivanka Trump will join Secretary of Commerce Wilbur Ross and Siemens’ U.S. CEO Barbara Humpton for a panel discussion on workforce development. Later that day, they will join several international business attendees for the signing of the Pledge to America’s Workers, a commitment to expand training and education for the U.S. workforce.
On Monday, the Investment Summit will commence with the Academy, a one-day series of educational panel discussions and presentations designed to get everyone up to speed with the latest trends in foreign direct investment (FDI). These in-depth sessions provide a foundation for attendees, giving them the tools, strategies, and information needed to turn business potential into business opportunity.
The following two days will offer an exciting mix of SelectUSA firsts and mainstage sessions on a wide array of topics: advanced manufacturing, artificial intelligence, workforce development, and more. Executives from Royal Dutch Shell, Siemens, Intel, SoftBank Group, and many more will share their experience and insight. New this year will be several industry-focused discussions between U.S. governors on how their states are working to attract, retain, and grow FDI. Of course, new investments will be announced in the Exhibition Hall as well.
The new features don’t stop there. The first-ever SelectUSA Tech Startup Investment Spotlight will feature dozens of early-stage tech startups eager to jump into the U.S. market. These companies will pitch their products and designs directly to U.S. investors, incubators, accelerators, and economic developers. In other words, it will be a match made in startup heaven.
The involvement of Ivanka Trump and Larry Kudlow and the addition of SelectUSA Tech promise to make this Investment Summit an incredible success. If you are unable to attend this year, I invite you to watch the livestream at SelectUSA.gov/newsroom and follow @SelectUSA on Twitter for on-the-ground updates.
Ivanka Trump and Larry Kudlow to Provide Keynote Remarks at 2019 SelectUSA Investment SummitJune 5, 2019
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.
100 Billion and Counting: A New Milestone from Past Participants of the Investment SummitMay 24, 2019
Brian Lenihan is the Executive Director of SelectUSA
The SelectUSA Investment Summit is the place to be if you want to grow your business into an international enterprise. That isn’t hyperbole – it’s job-creating fact. Participants of past Investment Summits have announced more than $103.6 billion in investments in the United States within five years of attending an Investment Summit. Those projects will create or retain over 167,000 U.S. jobs.”
It’s important to note the time frame here. Businesses from around the world come to the SelectUSA Investment Summit to explore the business climate, learn about opportunities, and make connections. Within five years of attending, they’ve announced billions in new projects. That speaks to the quality of companies that come to the Investment Summit, the strength of the U.S. business climate, and the incredible work that economic development organizations do to facilitate investment.
This June 10-12, business investors from around the world will meet at the Washington Hilton in Washington, D.C. to connect directly with economic developers and service providers from across the United States. In addition to hearing from global CEOs and thought leaders in the economic development sphere, they’re traveling to D.C. to turn business potential into business opportunity.
Last year’s Investment Summit saw $600 million in new investment announcements, representing hundreds of new American jobs. One of those companies, Indian steel manufacturer JSW, announced its plans to build a $500 million facility in Mingo Junction, a town of just 3,300 people in eastern Ohio. That investment alone has the potential to transform the town’s economy and job market. JSW’s investment is emblematic of the impact of foreign direct investment (FDI) in the United States.
Confidence in the U.S. market is at an all-time high. Executives from global companies recently confirmed this in the 2019 FDI Confidence Index from A.T. Kearney. This year’s ranking marks the seventh year in a row that the United States has topped the index. “The United States marks its longest-ever run at the top of the Index this year,” A.T. Kearney noted. “likely reflecting its large domestic market, continued economic expansion, competitive tax rates, and technological innovation capabilities.”
I invite you to join us next month. You’ll see why A.T. Kearney continues to rank the United States as the best place in the world to do business. Coming to the Investment Summit isn’t just window shopping. There are actual opportunities here that a business can act on, and there are more than 100 billion pieces of evidence of that.
Visit www.selectusasummit.us for more information and follow @SelectUSA on Twitter for the latest updates on the Investment Summit.
Building on Success: North Carolina Opens New FDI Office in IndiaMay 22, 2019
Christopher Chung is the Chief Executive Officer of the Economic Development Partnership of North Carolina.
When you stop by North Carolina’s Booth 525 at this year’s SelectUSA Investment Summit, you’ll see a new face that expresses our strong commitment to attracting more India-based companies to a state that has been focusing for the past five years on winning Indian investment.
The Economic Development Partnership of North Carolina (EDPNC) recently opened the state’s first foreign direct investment (FDI) office based in India ― dedicated to increasing FDI into North Carolina from one of the world’s fastest-growing economies.
Our newest FDI representative ― Rahul Padmanabha ― is based in Bangalore. You can meet him at our booth, as well as representatives traveling to the SelectUSA Investment Summit from all the state’s other overseas FDI offices located in Europe, China, South Korea and Japan.
North Carolina, which opened the Bangalore office late last year, is paying attention to India because its executives certainly have been paying attention to us. According to the Moody Analytics company Bureau van Dijk, from 2014 through 2018:
- Indian companies announced more than $409 million in capital investment and 4,400 new jobs in North Carolina.
- North Carolina ranked No. 1 among all states for the number of announced jobs connected to Indian FDI.
- North Carolina was No. 2 in the Southeast U.S. and No. 3 nationwide for the total capital investment announced by Indian companies.
That’s substantial growth in Indian companies choosing our state. And there’s opportunity to attract more of the same because North Carolina is a national leader in industry sectors that closely align with Indian interests ― including IT, pharmaceuticals, textiles, food processing, automotive and aviation.
In the big area of IT consulting, for example, our central East Coast location and tech talent appeal to global companies that want to nearshore facilities closer to their existing U.S. customers. Another big draw? North Carolina’s business-friendly costs and tax climate – including the lowest corporate income tax rate in the United States at 2.5 percent.
Announcements by India-based companies in recent years have made big headlines in North Carolina, such as information technology giant Infosys choosing Raleigh in 2017 for a 2,000-job innovation and technology hub. Others include IT services company HCL Technologies’ 1,237-job expansion in Cary; Aurobindo Pharma’s 275-job research and development headquarters in Durham; and technology services firm Zensar’s new customer delivery center, which is expected to create up to 200 new jobs in Durham.
There’s also Glenmark Pharmaceuticals, which announced its first U.S. manufacturing facility in Monroe outside Charlotte in 2014. The $100 million facility currently employs nearly 170 people.
While urban areas have attracted most of North Carolina’s India-source investment, several projects have been announced in our rural communities. For example, AR Textiles, part of the India-based Sunflag group of companies, has a factory in Martin County. Mumbai-based Mahindra Vehicle Sales and Service chose Henderson County for its North American office headquarters.
As SelectUSA’s former lead for India, Rahul brings to his new North Carolina FDI role a deep understanding of what Indian companies need to succeed in the United States. Visit Booth 525 to find out how North Carolina can meet those needs, or email me directly at email@example.com. I’ll be at the SelectUSA Investment Summit as well, and looking forward to connecting.
Teaming Up for Tech at the 2019 SelectUSA Investment SummitApril 30, 2019
David Steel is the Executive Vice President of Corporate Affairs for Samsung Electronics America, which is an official sponsor of the SelectUSA Investment Summit.
Samsung marked its 40th year in the United States in 2018, an investment that has been nothing short of essential to our company’s success. Not only was it an accomplishment worth celebrating, but it was also the perfect time to reflect on the importance of the U.S. market and the strong ties we have forged with American industry and consumers over the course of four decades.
Since 1978, Samsung’s U.S. family has grown to 20,000 employees across 46 states. Whether investing in manufacturing facilities in South Carolina, cutting–edge startups in California,or expanding our massive semiconductor operation in Texas, Samsung also realizes that in order to tap the true potential of the U.S. market, we must continue to engage on the ground.
That’s why Samsung is excited to be involved in the inaugural SelectUSA Tech program at the SelectUSA Investment Summit, an initiative that aligns with our vision for high-tech manufacturing to propel the U.S. economy and provide high-quality careers for decades to come. The SelectUSA Techprogram connects our global firm with both American consumers and the innovators working to shape the trends and develop the technology that will spur global demand for our products.
To date, Samsung has invested billions of dollars in the U.S. through advanced manufacturing, R&D, and emerging technologies:
- Over the last 23 years, Samsung has invested $17 billion in manufacturing and R&D at Samsung Austin Semiconductor (SAS) – one of the largest-ever foreign direct investments in the United States.
- In 2017, Samsung announced a $380 million investment in a new, state-of-the-art home appliance manufacturing facility in Newberry County, SC.
- Samsung has invested more than $6.6 billion in U.S.-based companies and start-ups across 30 industry sectors, including IoT, AI, VR/AR, smart machines, digital health, security, cloud, and more.
At the center of Samsung’s investment opportunities is thevision for a connected world and the importance of selecting America as a partner to make this happen–recognizing our cultural ties founded upon partnership and innovation. For instance, the growing need to fill STEM-related jobs with qualified professionals pushes us to constantly invest inprograms that will train and inspire the next generation of tech talent and industry leadership. We constantly work to provide the essential tools and access to our technology to encourage, inspire, and support the people and communities we serve.
Our commitment to investment and growth in the U.S. is stronger than ever. Through partnerships with programs like SelectUSA, we are eager to continue doing our part to drive technology leadership and economic growth in the United States, further strengthening the thriving tech industry.
Media Registration is Open for the SelectUSA Investment Summit, June 10-12 in Washington, D.C.April 9, 2019
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
Facilitating Business Investment to Deliver for the American EconomyWilbur Ross is the U.S. Secretary of Commerce. | November 1, 2018
Today, registration is open for the 2019 SelectUSA Investment Summit, and I am looking forward to another successful event connecting global business investors with growth opportunities in the United States. 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.
Those participants include companies like Formosa Plastics, which attended the Investment Summit to find economic development connections in the United States before ultimately announcing a $9.4 billion investment in Louisiana. Grupo Bocar, a tier one automotive parts supplier, attended before deciding to invest $115 million in a facility in Alabama that will support 300 American jobs.
The SelectUSA Investment Summit is where business potential meets business opportunity. Our global Commerce Department team recruits and engages with businesses from around the world that have the desire to invest and the ability to succeed in the United States. Economic development organizations (EDO) representing states and cities from around the country come to the Summit to showcase everything that makes the United States the world’s top destination for business investment.
From decades of experience in the private sector, I’ve come to learn that you need the right people in the room to get deals done. The Investment Summit fosters and provides that environment.
I invite any business that is looking to grow on a global scale to join me at the 2019 SelectUSA Investment Summit. I believe that the time you spend with our team, making connections at networking sessions, talking about opportunities in our matchmaking area, and learning about business trends in our Summit Academy, will pay dividends for years to come.