During her opening remarks at the 2023 SelectUSA Investment Summit May 2, Commerce Secretary Gina Raimondo highlighted the country's major draws for foreign investors.
Raimondo welcomed attendees and highlighted the importance of the event in promoting job-creating business investment by foreign investors in the American market, according to a news release of her remarks.
“There is no better place to bring your business than the United States. We offer unmatched diversity, a culture of innovation and the world’s most productive workforce. For 11 years in a row, the U.S. has been the leading country for foreign direct investment,” U.S. Secretary of Commerce Gina Raimondo said in the release.
She noted the "landmark CHIPS and Science Act includes historic investments in our semiconductor industry to unleash the next generation of American innovation, create a highly skilled workforce, strengthen our supply chains and preserve our global economic competitiveness,” according to the release.
In her closing remarks, Raimondo reported past SelectUSA Investment Summit participants announced more than $103 billion in U.S. investment projects within five years of attending the event, the release said. This helped support more than 167,000 jobs.
"Many of this year’s participants will announce plans to invest in the U.S. And the SelectUSA team is ready to work with you to ensure that you feel confident investing here, too,” Raimondo said in her remarks.
The event closed May 4 and set a record for attendance, according to a May 5 news release. There were 4,900 attendees representing 83 international markets.
“This year’s record-setting SelectUSA Investment Summit has shown why the United States has remained the top destination for global investment for over a decade, and why the incredible investments we're making under President Biden's leadership, including through the CHIPS Act, Inflation Reduction Act and Bipartisan Infrastructure Law, will help keep us at the top for the next decade and beyond,” Raimondo said in the release.
Raimondo noted the nation is "building on the $248 billion in investments by foreign-owned companies since the start of the Biden-Harris administration to create good jobs for American workers and tremendous growth opportunities for our country and foreign businesses,” according to the release.
