SelectUSA Investment Summit took place on March 23-24th 2015

SelectUSA Investment Summit 2015

The SelectUSA Investment Summit 2015 took place March 23-24, 2015 at the Gaylord National Resort and Convention Center in National Harbor, Maryland, in the Washington, DC metro area.

The SelectUSA Investment Summit 2015 built on the success of the first conference in 2013, bringing together around 2,600 participants including 1,300 companies from more than 70 countries and over 500 U.S. economic development officials and representatives from all 50 states— attended the 2. SelectUSA Investment Summit for two days of matchmaking, information sessions, and presentations. At the same time, a series of events provided leading representatives from business and government with information on highly topical issues.

CATA Chamber represented with Secretary General in SelectUSA. TACC (Turkic American Chamber of Commerce) had a booth to welcome and meet the guest from USA and participating country. TACC was also bronze sponsor of the selectUSA. Executive Director of Select USA, the Honorable Vinai Thummalapally visited TACC booth and thanked them to joining and sponsoring to this event.

“The American people like doing business and they respect business, and they’re looking forward to working with you,” Obama said in giving the keynote speech at the SelectUSA. And he said that “ America is the safest, strongest, smartest place to invest”

Along with Commerce Secretary Penny Pritzker, several other top administration officials spoke at the summit, including Secretary of State John Kerry, Labor Secretary Thomas Perez, Treasury Secretary Jacob J. Lew, Transportation Secretary Anthony Foxx and Agriculture Secretary Tom Vilsack.Secretary Pritzker In her closing remarks Secretary Pritzker told investors that we welcome more investment to our shores and that there is no better time to invest in the United State.

SelectUSA has made available on its website for the first time a database of state-level incentives. The Department of Commerce has also made the website clustermapping.us, a joint project of the Harvard Business School and the Economic Development Administration, available to investors and economic developers. The Cluster Mapping website provides data and tools that make it easier for investors to identify regional concentrations of specific industries and locate potential economic partners. SelectUSA is committed to further improving online tools so that investors can more fully consider the advantages offered by the United States.

Also announced during the Summit, the Administration will:

  • Establish new partnership with state economic development organizations: At the Summit, SelectUSA convened the first semi-annual collaborative platform for federal and state economic development officials.
  • New and improved foreign direct investment data coming out this year: The Bureau of Economic Analysis (BEA) will begin to report new data this year about the impact of foreign direct investment on the U.S. economy, and FDI contributions to employment.

 

Summit participants had an opportunity to meet and exchange ideas with key partners; hear from representatives of 20 different federal agencies; connect with U.S. economic development officials, who were able to talk about their regional assets and their hometown workforce; meet over 45 U.S. Chiefs of Mission, who organized and led delegations from around the world; and meet members of the  Foreign Commercial Service, who connect local communities to global markets, and foreign companies to U.S. markets.

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