Bringing and Keeping Business Investment in America

The Administration announced a new initiative – SelectUSA – the first-ever government-wide program to aggressively pursue and win new business investment in the United States by both domestic and foreign companies.

SelectUSA, established by Executive Order of the President, will leverage existing resources of the federal government to ramp up promotion of the US as a prime investment destination to create jobs at home and to keep jobs from going overseas. We will be working with governors, mayors and legislative leaders around the country, who are trying to attract business investment. We will also be a trouble shooter for those dealing with red tape and federal hurdles to bringing or keeping business operations and investment in their communities. Coordinated by the Commerce Department, with expert personnel in nearly 80 countries promoting American exports and investment opportunities, SelectUSA will lead the federal effort to address business investment attraction and retention issues, both logistical and policy related, in the US. This new initiative will target three types of firms: foreign firms looking to expand, domestic firms looking to expand, and foreign and domestic firms looking to reorganize or return their operations to the United States.