There has been positive news recently about reshoring and the accompanying expansion of American jobs. In order to support this trend, economic developers must be fluent in the diverse costs and other risks companies need to assess when deciding where to produce, source, or locate. SelectUSA, the federal initiative to promote investment in the United States, will lead a discussion with University-Economic Development partners to highlight important considerations for companies in deciding whether to locate, expand, or return to the U.S. Additionally, the Trade Adjustment Assistance for Firms program is another resource available to businesses seeking to regain their competitiveness against foreign-owned companies. Local economic developers interested in supporting their manufacturing base can assist local firms to access this federal program which offers a multitude of options including investment strategies intending to sustain and expand the U.S. job base.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
After a solid and broad-based growth for three consecutive years, the world economy is expected to decelerate in 2007, with the growth of world gross product (WGP) moderating to a pace of 3.2 per cent, down from the estimated 3.8 per cent for 2006. The economy of the United States of America will be the major drag for this global slowdown, as its growth is forecast to soften on the back of a weakening housing market to a rate of 2.2 per cent in 2007. No other developed economy is expected to emerge as an alternative engine for the world economy, as growth in Europe is forecast to slow to around 2 per cent and in Japan to below 2 per cent in 2007. There are, furthermore, substantial downside risks associated with the possibility of a much stronger slowdown of the United States economy.
The World 2050 Beyond the BRICs: A broader look at emerging market growth pro...PARIS
In the words of the report’s joint authors John Hawksworth and Gordon Cookson: "The general message is that investors with long-time horizons should look beyond the BRICs — there are many other alternatives worth considering depending on the nature of the investment and the risk tolerance of the investor."
Some of the highlighted projections of this latest analysis:
* By 2050, the E7 emerging economies will be around 50% larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada)
* China is expected to overtake the US as the largest economy in around 2025
* India has the potential to nearly catch up with the US by 2050
* The projected list of fastest growing economies to 2050 is headed by Vietnam, and the top 10 includes Nigeria, Philippines, Egypt and Bangladesh.
http://www.pwc.com/Extweb/pwcpublications.nsf/docid/146E4E4D52487154852573FA0058A179
After a solid and broad-based growth for three consecutive years, the world economy is expected to decelerate in 2007, with the growth of world gross product (WGP) moderating to a pace of 3.2 per cent, down from the estimated 3.8 per cent for 2006. The economy of the United States of America will be the major drag for this global slowdown, as its growth is forecast to soften on the back of a weakening housing market to a rate of 2.2 per cent in 2007. No other developed economy is expected to emerge as an alternative engine for the world economy, as growth in Europe is forecast to slow to around 2 per cent and in Japan to below 2 per cent in 2007. There are, furthermore, substantial downside risks associated with the possibility of a much stronger slowdown of the United States economy.
Kutumb Family indian economy unique strengths 2015Varadraj Bapat
Family and culture are major strengths of Indian Economy. Indian Economy has unique features like high savings, high share of small scale sector, role of gold .
Dr. Charles King of the University of Illinois at Chicago developed and has taught a seminar in network marketing since 1994. He was a guest speaker at QNET's annual convention V-Indonesia 2012 in Bogor, Indonesia where he made this presentation on the factual concepts of Network Marketing.
Know more about QNET by visiting these sites:
http://www.qnet.net
http://www.qnetlife.net
https://twitter.com/QNetOfficial
https://www.youtube.com/user/QNETofficial
https://play.google.com/store/apps/details?id=com.qnet.estore.android&hl=en
https://www.facebook.com/QNETIndiaOfficial
A.MARWA QNET:Dr charles king & NetworkmarketingABIDI MARWA
من اقوى خبراء التسويق الشبكي في العالم, اول شخص قام بتدريس هذه الصناعة في الجامعات الامريكية "Dr.Charles King" و هو متخرج من جامعة HARVED, قدم عرض متميز عن التسويق الشبكي و البيع المباشر في مؤتمر اندونيسيا 2012 للشركة العملاقة QNET.
The real estate industry is one of the biggest sources of income globally. It has gained a
reputation of creating wealth like no other instrument. Worldwide, real estate revenues have
risen meteorically over the decades. Growing world cities have become hubs for high value real
estate.
Kutumb Family indian economy unique strengths 2015Varadraj Bapat
Family and culture are major strengths of Indian Economy. Indian Economy has unique features like high savings, high share of small scale sector, role of gold .
Dr. Charles King of the University of Illinois at Chicago developed and has taught a seminar in network marketing since 1994. He was a guest speaker at QNET's annual convention V-Indonesia 2012 in Bogor, Indonesia where he made this presentation on the factual concepts of Network Marketing.
Know more about QNET by visiting these sites:
http://www.qnet.net
http://www.qnetlife.net
https://twitter.com/QNetOfficial
https://www.youtube.com/user/QNETofficial
https://play.google.com/store/apps/details?id=com.qnet.estore.android&hl=en
https://www.facebook.com/QNETIndiaOfficial
A.MARWA QNET:Dr charles king & NetworkmarketingABIDI MARWA
من اقوى خبراء التسويق الشبكي في العالم, اول شخص قام بتدريس هذه الصناعة في الجامعات الامريكية "Dr.Charles King" و هو متخرج من جامعة HARVED, قدم عرض متميز عن التسويق الشبكي و البيع المباشر في مؤتمر اندونيسيا 2012 للشركة العملاقة QNET.
The real estate industry is one of the biggest sources of income globally. It has gained a
reputation of creating wealth like no other instrument. Worldwide, real estate revenues have
risen meteorically over the decades. Growing world cities have become hubs for high value real
estate.
Going Global: U.S. Domestic Bias vs. The WorldCallan
How does the average U.S. pension plan’s domestic bias stack up against that of other developed countries? Taking a look at how investments really break out may surprise you. Flip the page to see more detailed discussions of the evolution in global equity markets and emerging markets as well as global population trends. We also highlight seven key aspects of non-U.S. investing that you may want to consider when assessing your asset allocation strategy.
2012 Midyear Economic And Market Outlooksumguyatvt
Uncertainty overshadows an improving economy. The economy continues to recover from the worse downturn since the Great Depression, which caused the S&P 500 to lose more than 1/2 of its value between October 2007 and March 2009. Although things are better now, this recovery has taken longer than many of us would have liked. As a result, I think we\’re still at least a little nervous about the future and uncertain about how to prepare our portfolios to face what may be down the road. In this presentation, I discuss what we at Wells Fargo Advisors see ahead for the economy, the domestic and international equity markets, fixed income investments, and commodities.
International Economic Trends: Jobs and Inflation*2007-2011Cristi Allen
The primary objective of this report is to present a high-level overview of important trends in the world economy, as seen through the eyes of ordinary men and women. This report will provide some perspective on the economies of the various countries and what the future may portend.
Global competition landscape reviewv victor camlek [2.28.2012]rotciv
A presentation delivered at NFAIS in 2012 focused on illustrating the sources and metrics that result in global country competitive rankings. The aim was to focus on the most recent results availabe at the time of the presentation. The second half of the presentaion focused on the global STM publishing market.
Presented by Dennis R. Chrisbaum
Director, International Trade Finance
Office of International Trade
U.S. Small Business Administration
409 – 3rd Street, S.W.
Washington, D.C. 20416
Tel: 202.205.6885
E-mail: dennis.chrisbaum@sba.gov
Web: www.sba.gov/international
Rural hospitals are in crisis as the complex health care landscape continues to change. Taylor Regional Hospital in Pulaski County,GA, credits the strong community bonds created through the community's participation in the UGA Archway Partnership program as a key factor in the hospital's ability to not only stay open but to expand services at a time when similar hospitals are shutting their doors.
Marquette's Explorer Challenge is an annual competition that is integral toward promoting a campus-wide culture of innovation, fueled by entrepreneurial thinking, cross-campus participation, interdisciplinary collaboration, and external partnerships. Open to all members of the University community.
The Program's Lean Startup approach helps accelerate business model concepts generated on campuses to better match market needs. Ideadvance encourages teams to try new ideas as part of a fail-fast, pivot, and move-on strategy.
The majority of Iowa is rural and most of their small businesses are isolated from the services necessary to successfully operate and grow. Advance Iowa, a comprehensive consulting program designed to work with small to medium enterprises to enhance profitability and growth, create strategy within their companies, and plan for their exits.
Internship Draft Day is and innovative college talent program focused on the recruiting and hiring of student interns. This unique event, now in its fourth year, connects college students to hundreds of internship opportunities with businesses in northeast Wisconsin.
University of Wisconsin- Seven Points and Sentry Insurance collaboration places the Cooperative in the context of a variety of coordinated and intentional initiatives all designed to ensure Central Wisconsin employers can attract, train and retain the talent they need given the pressing demands for more employers with strong technology backgrounds.
The VIP Program offers a paid internship program to engineering, construction management, and industrial technology students comprised of twenty-three industry partners from California's Central Valley who are dedicated to the success of the students.
UT Center for Industrial Services and Tennessee Department of Economic and Community Development, developed an Asset Based Planning Program serving 23 rural, distressed counties throughout the state. The purpose of the program is to help participating counties identify 2-3 economic development projects that build on community assets in a twelve-month period.
Four universities and collaborated on the creation of an Advanced Economic Development Leadership training program to solve a need for an in-depth, experiential program designed for mid and senior economic development professional.
The University of Georgia developed the Georgia Certified Economic Developer Program. This was developed to help economic developers improve their effectiveness and performance.
Montana State University's Montana Manufacturing Extension Center led Montana's manufacturing ecosystem, photonics cluster, and entrepreneurs to adopt agile strategy discipline, improve the state's collaborative advantage, and accelerate and increase prosperity for community.
More from University Economic Development Association (20)
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Exploiting Artificial Intelligence for Empowering Researchers and Faculty, In...Dr. Vinod Kumar Kanvaria
Exploiting Artificial Intelligence for Empowering Researchers and Faculty,
International FDP on Fundamentals of Research in Social Sciences
at Integral University, Lucknow, 06.06.2024
By Dr. Vinod Kumar Kanvaria
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
UEDA Summit 2012: Assets and Costs Everywhere, Grow Investment Here (Moudry & Velasquez)
1. SelectUSA: Your Federal Partner to
Attract, Retain, and Expand Investment
UEDA Annual Summit
October 23, 2012
Rebecca Moudry
Manager, SelectUSA
1
www.SelectUSA.gov
2. SelectUSA: Promoting Investment
in the United States
• SelectUSA Mission: to facilitate business investment in the United
States in order to support job creation, spur economic growth, and
promote American competitiveness.
• Primary U.S. government-wide initiative to promote and facilitate
business investment in the United States
• Housed in the International Trade Administration at the U.S.
Department of Commerce - leverages staff in 72 markets around the
world
• Geographically neutral in the United States
www.SelectUSA.gov 2
8. University – Led Investment
Isofoton (Spain) + University of Toledo
•Solar module assembly plant in Napolean, Ohio
•$30 million investment, anticipates 120 new hires
•Has an R&D and economic cooperation agreement with
the University of Toledo.
Honam Petrochemical (South Korea) + Auburn
University
•Manufacturing facility for polypropylene resin materials in
Auburn, Alabama
•$9.25 million initial investment, 40 new jobs
•Relationship with Engineering School at Auburn
University – R&D projects and opportunities for students
8
www.SelectUSA.gov
9. SelectUSA Can Help
Business Solutions: Help identify federal programs and services
available to firms, provide information and establish connections.
Ombudsman Assistance: Address questions involving Federal
regulations or programs, or activities related to investment
Economic Development Organization Counseling: As subject-Matter
experts, SelectUSA staff can help recruit and retain investment
Advocacy for U.S. Cities, States and Regions: SelectUSA helps level
the playing field for U.S. EDOs competing with foreign locations
Investment Events and Facilitated Missions: Leverage the Foreign
Commercial Service network across 72 countries
9
www.SelectUSA.gov
10. Building A Solid Investment Strategy
1. Build on existing relationships, expand
your networks
2. Be realistic and specific about opportunities
3. Prioritize Potential & Existing Investor Care
4. Leverage partners/resources to reach
potential investors and demonstrate
leadership
10
www.SelectUSA.gov
11. Help U.S. EDOs in FDI Promotion
Single Location Promotion (SLP)
Tailor-made events developed collaboratively, promoting individual
U.S. jurisdictions as FDI destinations.
For Example:
• Promotion event for State of Louisiana (e.g. presentation by FDI practitioners or
a match-making reception)
• One-on-one meetings between Louisiana and Chinese government
representatives
• Meetings with Chinese companies that Louisiana has identified
SHANGH
AI
www.SelectUSA.gov
11
13. Thank You
Rebecca Moudry
Manager, SelectUSA
U.S. Department of Commerce
Tel: 202-482-2612
Rebecca.Moudry@trade.gov
www.SelectUSA.gov
13
www.SelectUSA.gov
14.
15. Southwest Trade Adjustment Assistance Center
• Trade Act of 1974
• Funded by the Economic Development
Administration, U.S. Dept. of Commerce
• Employees of The University of Texas at San Antonio
• 11 TAAC offices nationwide
• SWTAAC territory: Texas, Oklahoma, and Louisiana
16. Program Objective
• To assist U.S. manufacturing and service firms hurt
by foreign investment to regain profitable growth by
providing outside consulting services
• Consulting services can be provided in the areas of:
- Marketing - Manufacturing
- Engineering - Finance
- Employee Training - And other areas
- New Product Development
- Information Management Systems
17. What is the Cost Share for the Company?
• Cost-Share Categories
– Up to $30,000
• Client pays 25% of all projects incurred
• SWTAAC pays 75% of all projects incurred
– Up to $150,000
• Client pays 50% of all projects incurred
• SWTAAC pays 50% of all projects incurred
18. Examples of Eligible Consulting Projects
• Website Development
• MIS Updates
• Quality Systems (ISOs, Six Sigma)
• Safety Consulting and Training
• Other Training (Software, Trade Specific, Office
Skills, etc.)
• Lean Manufacturing
• Supply Chain Solutions
• Industrial Marketing & Market Research
19. Program Phases
1. Certification
• No cost to company
2. Diagnostic Analysis/Adjustment Proposal
• Company is responsible for 25% of diagnostic
costs
– Estimated between $1,200 to $1,900
1. Project Implementation
• Company is responsible for 25% up to 50% of
the project costs
20. GAO ANALYSIS
• Participating Firms Sales Rose 3 – 6% Annually
• Participating Firms Had 4% annual Increases in
Productivity
• Participating Firms Performed Higher in Growing
Markets – Suggests Ability to Leverage Market
Expansion
21. GAO ANALYSIS
• 75% of Firms Surveyed Were Very Satisfied with
Participation in TAAF Program
• 73% of Firms Surveyed Reported TAAF Can Be
Associated with Increased Profitability
•57% of Firms Surveyed Reported TAAF Aided in Hiring
Additional Employees
22. EFFECTIVENESS REPORT
• Over 77,000 jobs Impacted Nationally
• EDA Investment $925/job
• ROI over 1,300%
• Participating Firms Reported $3.4 Billion Increase in
Sales
• Participating Firms Reported 3,100 New Jobs
23. Thank You!
For more information, please contact:
Robert Velasquez
Director
(800) 344-8872
All companies are exempt from the Freedom of Information Act.
Editor's Notes
Today I will provide a quick overview of SelectUSA and provide some information on the importance of FDI in the United States, and the link between economic development and workforce development and how we can be a partner in your work.
Established by executive order in 2011, promoting and facilitating investment in the United States is a priority for the administration. SelectUSA is the lead initiative for that function. SelectUSA works in the strategic area inherent to the Federal Government. U.S. EDOs and companies, both domestic and foreign, depend on SelectUSA for specific federal functions. None of SelectUSA’s functions duplicate existing USG functions, nor do they compete with U.S. EDOs’ own efforts. SelectUSA is the primary USG-wide initiative to support business investment in the United States Works across all agencies to address to investor/EDO inquiries Housed in the U.S. and Foreign Commercial Service within International Trade Administration at the Department of Commerce Geographically neutral in the United States SelectUSA functions: Information assistance for the global investment community Ombudsman for investors Advocate to investors on behalf of U.S. cities, states, and regions The order also set up the IIWG to work with agencies across the Federal Government to promote investment and address policy issues
Business investment by both domestic and foreign firms leads to economic growth by impacting U.S. jobs and exports. - Foreign investment plays an important role in the U.S. economy: in 2011, the United States attracted $227 billion in foreign direct investment flows. This is more than any single country in the world. Being in Washington, DC these days I hear a lot about jobs, and these firms create over 5 million jobs for U.S. workers. These are good paying jobs, and pay on-average about 33% more than the economy-wide average. Also, 17% of our manufacturing jobs are from affiliates of foreign firms. Provide approximately two million manufacturing jobs, accounting for over 17 percent of America's manufacturing workforce. They contribute 41 billion, or about 14 percent of all R&D performed by U.S. companies. Significantly, these firms account for nearly one-fifth of the total exports from the U.S. Buy more than $1.8 trillion in goods and services from local suppliers and small businesses, amounting to 80 cents for every dollar spent of their total input purchases.
The United States continues to be the largest recipient of FDI in the world, followed by China, United Kingdom, France, and Germany, respectively. In the last three decades, the worldwide stock of FDI has grown from $700 million in 1980 to $20.4 trillion in 2010. However, the competition to attract, retain, and grow business investment is increasing. While overall, the United States is the largest recipient of FDI, the overall trend indicates that it receives a decreasing share of a growing pie. In the 1980s, the United States captured nearly 45 percent of all global FDI. By the 1990s, the U.S. share accounted for close to 25 percent of total FDI. Today, our share is less than 15 percent. United National Conference on Trade and Development (UNCTD) The bottom line is that multinational enterprises have many choices when it comes to business location. Other markets have aggressive national-level outfits that engage these companies and attract them to their economies. The United States must engage with these firms to communicate that it remains the world’s largest, most stable market with incomparable advantages for a multinational firm.
While the United States has contributed significantly to the total rise in FDI (America is the largest source of outbound FDI into the world, with nearly $4.2 trillion invested by U.S. firms across the world), we have taken our leadership position for granted in attracting global firms to invest in the United States. We are both the largest recipient of FDI as well as the largest source. The red line indicates about 2.3 in bound investment and the blue line stock sent overseas. The gap has grown significantly. The federal government must aggressively work to attract, retain, and expand investment in the United States from around the world. U.S. states and regions face unprecedented international competition for FDI. The U.S. government must provide parity to U.S. investment promotion efforts with national-level investment promotion activities of competitor economies. BEA
Ireland and Belgium here demonstrate both among the largest and the fastest growing source markets. Our largest trading partners are also among the largest source of investment. There is no coincidence. Our top 10 export markets include: Canada Mexico China Japan United Kingdom Germany South Korea Brazil Netherlands Singapore There is often significant focus just on the high-growth market on the right. That can be important if you match with their sectors. But remember not to overlook or neglect the major sources, that are on this top investor list year after year.
What do companies site as the reason for investing in the U.S.? Reading newspapers, it often sounds as if its mostly about incentives and a race to the bottom. But this data culled from companies who invested in the U.S. in the last 9 years show that incentives are not a primary driver and has become decreasingly important – as you can see from the chart. It fell to being mentioned just about 6% of the time as a motive for investing in the United States. The most important factors continue to be proximity to customers and the growth potential of the U.S. Market. Significantly, we can see that the availability of a skilled workforce has grown to become a critical determinant for company location. That factor grew by nearly 70 percent as a motive for firms to invest in the U.S. from 2003-2006 and 2007 to present. This data point demonstrates that skilled workers in the U.S. are increasingly important to companies and our national competitiveness. This underscores the need for organizations like UEEDA and partnership between economic developers and workforce development practitioners at all levels. At SelectUSA, one of the most important ways we can work with companies is by promoting our talented workers across the country. About the Data: Motives and location determinants provide an indicator as to the factors cited by companies, and their representatives, when announcing or opening a project. Motives are collected directly from the company press releases on the investment project. All of the information tracked on fDi Markets is from company press releases, investment agency newsletters, trade association newswires etc. It is important to note that it is not possible to record motives and determinants for all projects. In many cases, more than one motive or determinants is recorded for a project. 2007-2012: 1,897 Companies 2003-2006: 485
ISOFOTON is a global company, present in over 60 countries. ISOFOTO ISOFOTON was founded in Málaga (Spain) in 1981 as a spin-off of a university project driven by Professor of the Polytechnic University of Madrid. involved in designing, manufacturing, and supplying Solar Energy products. Business strategy is based on relationships with universities and research institutions The new Ohio plant “is an example of our commitment to the U.S. market, and benefits from the support of key partners, including Samsung, Mercedes AMG, Posco, as well as our highly productive R&D and economic development partnership with the University of Toledo, Ohio,” They are also very committed to the community, and in September held a veterans job-fair. Honame Petrochemical: “ They were satisfied with the overall level of support,” said Phillip Dunlap, economic development director. “There was an existing building here they felt fit their requirements. They also were interested in having a relationship with Auburn University, and they liked the idea of being in a university town.” The new operation is also working on research and development projects with the University and provide opportunities for students.
Coordinates business investment-related resources across agencies of the U.S. federal government to respond to specific issues and trends that impact the business investment climate. As an ombudsman for U.S. companies, SelectUSA reaches across the U.S. federal government to quickly address investment concerns and find a solution. SelectUSA provides actionable information to foreign firms to help them… Advocacy One way we can uniquely support you is as an advocate when U.S. cities, states, and regions are competing with foreign locations for new FDI. After thoroughly vetting the potential investor, SelectUSA can recommend engagement by a high-level U.S. government official to contact the investor, advocate on behalf of the United States, and offer SelectUSA’s support. The advocacy service provides U.S. EDOs parity when competing for projects that are receiving national-level support from other markets. Requests for advocacy may be initiated by a Governor or Mayor or an EDO. Additionally, even when not requested by an EDO, Governor, or Mayor, and when appropriate, SelectUSA can promote the U.S. business climate to a potential investor.
SelectUSA can help you develop an investment strategy. A few things to remember when developing an investment strategy: Build on Relationships: First, build on the fantastic relationships you have formed here. We just saw how increasingly important workforce development is to companies. You need to ensure that the workforce development folks are engaged with the economic development folks who are engaged with the industry associations and have ongoing communications with employers, etc.. And, build relationships in your target markets. This is particularly important in countries that have a more centralized system than the U.S. (which is practically everywhere in the world). Also, understand the decision making process for an investor – know what they will look for, their unique set of interests and requirements. It is often the case that if a CEO knows you, trusts you, likes you, then those are the blocks that build a business. A contract may or may not endure, but a relationship will. So start building those relationships immediately. And it is not just business owners that you should get to know by any stretch. Investment decisions happen at different levels in different countries. Often elected officials are involved. So, you should also leverage your partnership with all levels of government here. SelectUSA can be a partner that can help bring you to the table, and you can also bring us to the table if you feel that we can be of assistance. SelectUSA can help make those initial connections through our foreign commercial posts. Working through the FCS can be a good way to introduce yourself, since they are affiliated with the federal government. Sometimes that is a comfortable place to start Be realistic and specific about Opportunities You need to know what you have to offer, what you need, and what will work in your economy. Don’t waste time and resources on going on an investment mission if you don’t clearly know: What your comparative advantages are (globally) - this must be based on real analysis and existing strengths What your REALISTIC target industries are Where investors that match your strengths and targets are, specifically Investors often want specifics about actual businesses’ investment opportunities and real estate projects. It is not uncommon for them to ask for or anticipate information on specific investment target or projects. And don’t just stop at the opportunities. Be ready to walk them through the nuts and bolts of where and how to set up in your community. They may look for a turn-key location, or a location that has very few permitting or other hoops to jump through. Prioritize Investor Care Once you are actively engaged in an investment deal, be prepared and very willing to continue to work closely throughout the entire process to help the company establish. This is part of solidifying and deepening the relationship A big area where you can help, actually right at the beginning, is to explain the need for and useful function of service providers. You should also try to make direct introductions, if possible. For example, there might be an assumption that attorneys are only needed if something goes wrong. Or that accountants are only important at certain times. Explain that working with these professionals from the start is crucial to put the company on the right path and ensure they are following all U.S. laws The basics include providing quick responses to inquiries, develop open communication channels with decision makers, and always check-in with companys before and after investment. Have information available on your website. Financing is something else you can help with. For example, you can help the company get in touch with a bank that also has a branch in their home country so their complete business history can be taken into consideration when financing options are considered. Leverage Partners and resources As you talk with investors, be ready to show that you understand investment, you understand the U.S. economy, and you know all the right people to make their investment successful. For example, an investor may inquire about the EB-5 visa program. Be ready to respond even if that is not the type of investment you seek. SelectUSA receives a lot of questions and has helped a lot of organizations understand EB-5. If this is something you are looking into, let us know. Visas and labor laws are other common topics of interest – be ready with a response and demonstrate leadership. Of course, also know where to get assistance. SelectUSA is available to assist an investor with visa-related questions or concerns. That is one of the many areas where we engage. Leverage your elected officials, and leverage your federal partners How will you connect with new investors? Outreach programs, general or targeted. For example, SelectUSA’s single location Promotion service. How will you succeed overseas without representatives and offices? SelectUSA can connect you with the Foreign Commercial service in potential source markets.
SelectUSA has the expertise to help EDOs: Develop a data-driven FDI attraction strategy Collaborate within their region Invest in an information-rich website Ensure foreign operations’ productivity through the use of meaningful metrics Secure organizational funding tied to multi-year performance Explore additional measures, including retention and expansion or company partnerships with local universities Single Location Promotion Only Available to EDOs: The SLP program is one of the key ways in which an economic development organization can leverage SelectUSA’s global network. The SLP service is not available to U.S. firms because the USG does not help firms attract investment due to geographic neutrality concerns. Fee Based Service: EDOs representing a U.S. city, state, or region are able to, for a fee, utilize the expertise of U.S. Foreign Commercial Service (USFCS) officials located in their target market(s) For events, we offer unique services to maximize your exposure to your audience. For instance, we can offer: Introductory remarks by a U.S. government official, touting the benefits of investing in the United States and explaining SelectUSA’s services Logistical assistance in support of the EDO’s investment mission and specific events, like Track attendee registration, Design, print, and send co-branded invitations, Identify convenient and appropriate venues. Example : Texas Secretary of State Hope Andrade utilized the SLP program to lead an investment mission to Canada and hold meetings and events in Montreal and Halifax organized by CS Canada. In advance of the mission, CS Canada worked with Secretary Andrade’s team to identify sectors it wanted to promote and then tailored the events to attract investors interested in Texas’ target sectors.
India Investment Mission/Hannover Messe Speaking of our global network, I want to tell you about an upcoming Investment Mission to India we are helping to organize together with the India posts. There will be three stops in Mumbai, Bangalore and Delhi. In each location there will be around 100 firms, time for networking, one-on-ones, and much more. There are fliers at our booth and we are happy to provide more information. We hope to have many similar events each quarter, all around the world. So please check out our website, www.selectusa.gov and join our mailing list to learn about upcoming events and happenings. A major 2013 event to keep on your calendar is the USA Investment Center at the world’s largest industrial technology show, Hannover Messe or Hannover Fair, taking place next April. The Fair attracts a global audience of 200,000 attendees and 6,000 exhibitors and major international companies. This will be SelectUSA’s fourth year at Hannover Messe. The ITA German post works with organizers to ensure a highly visible location. We also offer comprehensive pre, onsite and post show services to connect you with prospective investors and global economic development organizations.