Invest in America is part of the U.S. Department of Commerce’s International Trade Administration to promote foreign direct investment to the United States, the only such U.S. effort at the federal level.
On March 7, 2007, U.S. Commerce Under Secretary for International Trade Frank Lavin announced the creation of Invest in America, housed in the International Trade Administration, which promotes the United States as a destination for inward direct investment, also known as foreign direct investment.
Invest in America reinforces President Bush’s statement on open economies of earlier this year that reaffirmed the commitment by the United States to promote open investment policies. Through Invest in America, the Department of Commerce promotes the U.S. economy as the best place in the world to do business.
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Mission
According to the Invest in America website, Invest in America promotes and supports foreign direct investment in the United States, contributing to U.S. job creation, innovation, and competitiveness.
Activities
Policy: Invest in America endeavors to bolster the global competitiveness of the United States economy by addressing policy issues that concern foreign investors. Invest in America recently published a policy paper entitled, “Visas and Foreign Direct Investment.”
Ombudsman: Invest in America serves as ombudsman in Washington, D.C. for the international investment community, working across the Federal Government to act as a voice to address investor concerns and issues involving Federal agencies. Invest in America receives inquiries from potential and current foreign investors with regard to issues encountered within the Federal bureaucracy.
Aaron Brickman, Director of Invest in America.
Promotion: Invest in America promotes investment in the United States by highlighting the advantages of investing in the United States, and countering the misconceptions some investors may have. Invest in America meets regularly with both domestic and international stakeholders and organizes events such as “Invest in America Week.” The Department of Commerce’s global network provides the platform to educate international investors on the advantages that come with investing in the United States. According to the Invest in America website, Invest in America welcomes all inquiries and is equipped to serve as a foreign investor’s first point of contact for an investment in the United States.
State Cooperation: Invest in America serves a federal complement to existing U.S. state efforts. Invest in America complements state efforts, but remains neutral in any competition between them. Invest in America promotes the United States, not specific states, as the premier site for foreign direct investment.
Aaron Brickman is director of Invest in America.
References
- ^ U.S. Initiative Aims To Smooth Way for Foreign Investment
- ^ www.investamerica.gov
- ^ www.investamerica.gov
- ^ President Bush’s Statement on Open Economies
- ^ www.investamerica.gov
- ^ Visas and foreign direct investment; supporting U.S. competitiveness by facilitating international travel
- ^ Department of Commerce – Secretary’s Speeches – Remarks at the Organization for International Investment Annual Dinner
- ^ http://www.trade.gov/investamerica/invest-america.pdf
- ^ Invest in America Week 2008
- ^ http://www.trade.gov/investamerica/invest-america.pdf
- ^ http://www.trade.gov/investamerica/contact_list.pdf
External links
- Invest in America website
- Open Economies Policy Statement
Retrieved from “http://en.wikipedia.org/wiki/Invest_in_America”
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