U.S. Secretary of Commerce Gina M. Raimondo today announced that President Joseph R. Biden, Jr. will provide prerecorded remarks at the 2021 SelectUSA Investment Summit, to be held virtually June 7-11. President Biden will join Cabinet Secretaries, Governors, CEOs, and other public and private sector leaders eager to strike global business investment deals for the United States and share insights on the latest innovations and trends in an effort to support and create jobs.
“Since taking office, President Biden has made our economic recovery a top priority – and growing U.S. trade and foreign direct investment are an important component of that,” said Secretary Raimondo. “I am proud to stand alongside him in making a powerful case to the world that the U.S. is the best place for any nation to do business.”
In addition to President Biden, Secretary of State Antony Blinken and Secretary of Transportation Pete Buttigieg will now participate in the SelectUSA Investment Summit. They join Treasury Secretary Janet Yellen, Labor Secretary Marty Walsh, Energy Secretary Jennifer Granholm, Agriculture Secretary Tom Vilsack, Small Business Administration Administrator Isabel Guzman, Governors, top CEOs, and small business leaders for the highest-profile event dedicated to promoting foreign direct investment in the United States.
For nine years in a row, the United States has been ranked by A.T. Kearney as the top place for foreign business investment. Many important investment deals are conducted at the SelectUSA Investment Summit, and since inception it has generated more than $48.4 billion in foreign direct investment, supporting more than 45,000 jobs in the United States.
The Investment Summit provides opportunities to spotlight America’s innovative climate, diversity of resources and robust workforce which can contribute to global success for foreign investors. The event will promote four pillars to increase American competitiveness: 1) Revitalizing U.S. manufacturing and developing advanced industries; 2) Building a 21st century workforce; 3) Maintaining leadership in global innovation; and 4) Promoting America, at home and abroad. Biden-Harris Administration priorities will also be discussed, such as the American Jobs Plan, the American Rescue Plan implementation, other COVID-19 economic recovery efforts, job creation, building back better and more inclusivity.
Housed within the U.S. Department of Commerce, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government.