The U.S. Department of Commerce branded "Select USA" to aid foreign companies with an interest in locating their businesses to the United States. As part of that effort, the third annual Select USA Summit was held in Washington D.C. on June 19-22. The Summit's purpose was to bring foreign direct investment to the United States by inviting interested companies, service providers and economic development organizations.
This was the first year the BDC attended the event. "The quality of the summit was outstanding," commented Tim Lake. "I learned what foreign companies look for as they contemplate investments into U.S. markets. Like other companies they seek locations providing supply chain value, and appreciate the local, state and federal support provided to their projects."
The Michigan Economic Development Corporation (MEDC) encouraged their local partners to attend. As a local partner, we were able to support the MEDC at their booth and attend a reception that Michigan hosted at the Summit. Being on the exhibit floor allowed the opportunity to network with companies that have an interest in doing business in Michigan and the US. Knowledge gained from attending this event will certainly assist us in actively pursuing those foreign companies considering investment in our region.
Over 2,400 people attended this event. In addition to being hosted by the Department of Commerce, nine other federal departments attended as well. President Obama was the keynote speaker and emphasized to all that the U.S. is open for business!
To watch videos taken of the Summit sessions and learn more, visit Select USA.