Guest post by Ambassador Vinai Thummalapally, Director of SelectUSA.
Cross-posted from Tradeology, the official blog of ITA.
“There’s no substitute for those three proud words: ‘Made in America.’”
President Obama has been emphatic that the United States remains the best place in the world to do business. Today at the SelectUSA Investment Summit, he reiterated that message to 1,000 business leaders from nearly 60 countries.
“When you bet on America, that bet pays off,” the president said as he closed his keynote address.
Your country is your product when you’re attracting foreign direct investment. At the Summit today, we showed the world that the United States is the absolute best product on the market.
“America is open for business,” said Commerce Secretary Penny Pritzker. “Our market has provided long-term stability and unmatched returns for investors.”
Attendees began making connections as soon as the doors opened. Representatives from 47 states, three territories, and Washington, D.C., showed off investment opportunities around the country.
Treasury Secretary Jack Lew highlighted many advantages a company has when it invests in America – including robust infrastructure and low barriers for entrepreneurs. CEOs from major national and international companies echoed those messages throughout the day.
“We have the most resilient capital markets in the world,” said Larry Fink, CEO of BlackRock.
Andrew Liveris said that when it comes to investment in research and development, “the U.S. is number one.”