Member access

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 

U.S. Department of Commerce : Acting Secretary Blank Meets with Brazilian CEOs, Promotes SelectUSA Investment Summit

05/14/2013 | 02:09pm US/Eastern

Yesterday, Acting Secretary Blank met with a group of Brazilian CEOs to hear their priorities for doing business with the U.S. and to propose possible areas for close collaboration with American businesses. One area in which U.S. and Brazilian firms can work together is on infrastructure development, which is one reason why Acting

Secretary Blank is currently leading a trade mission of 20 U.S. firms in a wide range of infrastructure industry sectors to Brazil, Colombia and Panama. These companies offer everything from cutting-edge technologies to top-notch services in engineering, management consulting, and more -- and they are well equipped to help Brazil meet its robust goals for infrastructure improvements.

Acting Secretary Blank emphasized the importance of a strong bilateral investment relationship -- many global manufacturers, including some in Brazil, are now looking to return manufacturing operations to the U.S., to expand operations here, or to invest in the U.S. for the first time. That´s because there are a host of factors that make America a very attractive place to do business: low domestic energy costs and a stable supply of energy, high labor productivity, strong research institutions that can serve as partners in developing new products, intellectual property protections, and a stable business investment environment.

Foreign-based companies that invest directly in the U.S.economy create high-quality, well-paid jobs for American workers by building new facilities, provide for research and development and growing warehouses, sales offices and service centers. That is why the Obama Administration launched a new program in 2011, housed at the Department of Commerce, to increase investment in America: SelectUSA. This fall, SelectUSA will lead the first-ever "Investment Summit," in Washington, DC from October 31 to November 1, which Acting Secretary Blank encouraged the Brazilian CEOs to attend in order to gain insights on how to start or expand operations in the United States. This Investment Summit will bring together international companies and U.S. economic development leaders from many states and communities to highlight the numerous and increasingly-attractive benefits of investing in the United States.

SelectUSA provides information assistance to the global investment community, serves as an ombudsman for investors, and advocates for U.S. cities, states, and regions competing for global investment. It serves as a single point of contact at the federal level for investors and economic development organizations to provide counseling on investment attraction strategy, how to start a business, access federal resources, and/or navigating U.S. Government regulations.

distributed by
React to this article
Latest news
Date Title
09:39pDJSamsung Group to Merge Two Major Entities in Preparation for Transfer of Power -- Update
09:37p Oil prices steady but indications rally running out of steam
09:36p AFCON : 2017: Keshi banks on home-based players
09:36pDJGreece's Governing Left Divided Over Debt Terms
09:35p GRDC GRAINS RESEARCH AND DEVELOPMENT : Act quickly to store high moisture grain safely
09:30pDJCharter Communications Nearing Deal for Time Warner Cable -- 3rd Update
09:27p WAL MART STORES : Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations
09:27p KINGSTON FINANCIAL : Fin sees significant rise in annual net
09:25pDJWolf Volcano Erupts on Galapagos Islands
09:25p FIRE RIVER GOLD : May 14, 2015 Fire River Gold Announces Halt in Trading of Shares
Latest news
Advertisement
Hot News 
BIOSYNEX : to Merge with Prodiag
GRUPO EMPRESARIAL SAN JOSE : Construtora Udra will execute a housing unit building at 6, Largo do Chiado, Lisbon 25/05/2015
ENERGIZER : Adopts Limited Duration Shareholder Rights Plan
FRESH MARKET : Drew Brooks: Fayetteville gets Fresh Market. Now where's Cheesecake Factory?
SEPLAT PETROLEUM DEVELOPMENT : The Nigerian government defends Seplat over pioneer status controversy
Most Read News
06:50p COCHLEAR : COH Chris Smith Announced as Incoming CEO of Cochl
06:24p EXXON MOBIL : Oil company bosses' bonuses linked to $1tn spending on extracting fossil fuels
06:38p TIME WARNER : running out for Greece, ESM head Regling says
06:02p UGANDA CLAYS : Who will rescue Uganda Clays?
06:06p DUKE ENERGY : agrees to claims process for municipal water systems
Most recommended articles
09:39pDJSamsung Group to Merge Two Major Entities in Preparation for Transfer of Power -- Update
09:37p Oil prices steady but indications rally running out of steam
09:36pDJGreece's Governing Left Divided Over Debt Terms
09:30pDJCharter Communications Nearing Deal for Time Warner Cable -- 3rd Update
09:27p WAL MART STORES : Pension adviser says Ernst & Young was aware of Wal-Mart Mexico bribery allegations