The 2018 SelectUSA Investment Summit took place June 20-22, 2018 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. SelectUSA Investment Summit is the highest-profile event dedicated to promoting foreign direct investment (FDI) in the United States.
SelectUSA Investment Summit provides the opportunity to bring together companies from all over the world, economic development organizations from every state, and other key players working to facilitate business investment in the United States.
SelectUSA was established six years ago on the heels of the very successful Invest in America Initiative created in 2007 under the George W. Bush Administration. The purpose of this federal government program is to promote, attract, and retain foreign investment in the USA. It does this by working with companies of all sizes and at all stages of the investment decision-making process to help them find the information they need to make decisions, connect to the right people at the local level, and navigate the federal regulatory system. The program also helps U.S. economic development organizations compete globally for investment.
This year’s edition was opened by the U.S. Secretary of Commerce Wilbur Ross. Notable speakers and attendees were present including White House Cabinet Secretaries, 10 U.S. governors, and executives from companies such as Lockheed Martin, ABB, and Siemens USA. The theme for the 2018 SelectUSA Investment Summit was "Invest Here. Grow Here. Succeed Here." Participants focused on the crucial connections between U.S. economic developers and international business investors. SelectUSA welcomed more than 3,000 participants from 60+ international markets and 50 U.S. states and territories.
Companies revealed more than $600 million in new investments at this year’s Investment Summit, which are expected to create more than 800 new American jobs. Participants from the previous four Investment Summits have announced nearly $93 billion in greenfield investment projects – projects that support more than 140,000 U.S. jobs.
For companies thinking about establishing or expanding operations in the United States, the SelectUSA Investment Summit constitutes an excellent time- and money-saving way to find the information and resources they need in one place. “Participants get to learn more about how, where, and why they should invest in the U.S., and connect directly with federal, state and local officials and experts, as well as other businesses and economic developers,” explains Peggy Philbin, Deputy Executive Director and Chief Operating Officer of SelectUSA.
Altios International has been advising international business investors in the U.S. for a number of years and has supported hundreds of companies with its business development, setup and investment services. “The U.S. is a big market, and the business culture sometimes varies from region to region,” says Patrick Ferron, Managing Director, Altios U.S.A. “Knowing and understanding these differences can provide a valuable perspective on key investment issues, and when you combine this with our extensive economic and political networks, it helps facilitate the matchmaking process.”
This year ALTIOS International met over 100 companies, 30 of which with immediate plans for international expansion.