James K Jackson

Foreign Direct Investment in the United States James K Jackson

Foreign direct investment in the United States in 2015 increased by 83% over that recorded in 2014. (Note: The United States defines foreign direct investment as the ownership or control, directly or indirectly, by one foreign person [individual, branch, partnership, association, government, etc.] of 10% or more of the voting securities of an incorporated U. S. business enterprise or an equivalent interest in an unincorporated U. S. business enterprise.) On October 31, 2013, the Obama Administration launched a new initiative, known as Select USA, to attract more foreign direct investment to the United States. According to the Administration, the aim of the program is to make attracting foreign investment as important a component of U. S. foreign policy as promoting exports. As a result, the President reportedly instructed Commerce and State Department officials to make attracting foreign investment one of their core priorities. In addition, the program has designated global teams led by U. S. ambassadors in 32 key countries to encourage foreign investment into the United States, and has established a coordinated process to connect prospective investors with senior U. S. officials. The initiative (selectusa.commerce.gov) offers a number of tools for foreign investors looking to invest in the United States, including a list of various state and federal programs that may be available to foreign investors.