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
6m ago WAL MART STORES : Cops help kids with Christmas presents
17m ago JACLYN : Family, friends hope to raise money for dying cancer patient's medical bills, eventual funeral
20m ago M&T BANK : Police seek M&T Bank robber
21m ago SONY : hack signals new, public front in cyber warfare
22m ago NANO LABS : 'NaNoWriMo' gives Utahns the chance to write up a storm
22m ago SONY : Restart? The right to be forgiven, but not forgotten, online
22m ago ALCOA : Refinery at Ma’aden-Alcoa Joint Venture Produces First Alumina from Saudi Bauxite
27m ago AT&T : to hike U-verse TV, broadband rates in 2015
30m ago Thales to name Proglio and Caine as chairman and CEO - AFP
32m ago SONY : The Spokesman-Review, Spokane, Wash., Doug Clark column
Latest news
Advertisement
Hot News 
DENDREON : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Other Events, Financial Statements and Exhibits (form 8-K)
DIXONS CARPHONE : *exane bnp raises dixons carphone price target to 510 (450) pence - 'outperform'
BERKELEY MINERAL RESOURCES : Obsidian IR
NATURE : Warns 2014 Results To Be "Materially" Below Market View
FINISH LINE : Reports Third Quarter Fiscal Year 2015 Results
Most Read News
1d ago COMCAST : DISH, Comcast SportsNet reach deal in regional dispute
1d ago APPLE : Innovation – The Apple way
1d ago INDUSTRY ANALYST JEFF KAGAN : Will AT&T GigaPower Beat Google Fiber
1d ago MACY : When Apple Pay Requires a Signature and When it Doesn't
1d ago FRANCESCA : announces new CEO amid faltering sales
Most recommended articles
29m ago Thales to name Proglio and Caine as chairman and CEO - AFP
44m ago ADIDAS : sells more than three million Germany soccer shirts - Focus
1h agoDJMARKET SNAPSHOT : Stocks Expected To Rise In Low-volume Holiday Week
1h ago SAUDI OIL MIN : 'Let the most efficient producers produce'
1h ago Saudi's Naimi says prices will stimulate demand, confident market will recover
Dynamic quotes  
ON
| OFF