U.S. Embassy, London
June 18, 2018
UK Delegation to Join Global Business Leaders at Top Event for Business Investment
[London, United Kingdom] – The U.S. Embassy London announced today that the UK delegation heads to Washington D.C. to participate in the SelectUSA Investment Summit (Investment Summit), June 20-22, 2018. The Investment Summit, hosted by U.S. Secretary of Commerce Wilbur Ross, is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to facilitate foreign direct investment in the United States.
“The SelectUSA Investment Summit is the single best venue for global companies to discover how tax reform, regulatory reduction, and other pro-growth Trump Administration policies have made the United States an even more attractive destination for business investment,” said Secretary Ross.
The theme for the 2018 Investment Summit is Invest Here. Grow Here. Succeed Here. Attendees will hear from government and industry leaders about opportunities in key sectors including infrastructure, energy, advanced manufacturing, and, for the first time, the commercial space industry.
The Summit has been a dynamic arena to assist UK companies in establishing a presence in the United States. Examples of past UK delegates who have successfully settled in the U.S. include Frog Bikes and Mineral Insulated Cable Company. From October 2013 to September 2017, UK firms that attended a previous Investment Summit announced 32 new investment projects worth $539.3 million, creating or retaining 2,553 jobs. The delegation this year is full of momentum and we look forward to seeing all the great things they will accomplish in the U.S.
This year’s delegation includes company representatives from Re:Cognition Health, Faraday Grid, and TP group, as well as representatives from techUK, the Association for British HealthTech Industries, and the UK government’s Department for International Trade (DIT) who are ready to seize the Summit’s opportunities to gain more knowledge about the American market.
“We are delighted to welcome this fantastic delegation of UK companies to the Summit and to the United States,” said James Lindley Commercial Counselor U.S. Embassy London. “The UK is the number one source of FDI in the U.S., British companies have forged an important role in the U.S economy, with approximately 50 companies operating in every state, and this Summit will offer an unparalleled opportunity to strengthen this bond.”
Local Market Details
The United States is currently home to more FDI than any other country in the world, with a total stock of $3.7 trillion at the end of 2016. The United Kingdom is the single largest source of FDI in the United States, with a total Stock of $598.3 billion and supporting over 1.14 million jobs in 2016.
To date, representatives from 50 U.S. states and territories in addition to more than 60 international markets have registered for the 2018 Investment Summit.
The annual Investment Summit is the highest-level event attracting FDI in the United States. Participants from the previous four Summits have announced nearly $93 billion in greenfield investment projects in the United States, supporting more than 140,000 U.S. jobs.
The 2017 Investment Summit set attendance records with more than 3,000 attendees, including 1,200 business representatives and economic development organizations from 52 U.S. states and territories.
Learn more about the Investment Summit and see the agenda here: www.selectusasummit.us.
SelectUSA is a U.S. Department of Commerce-led program focused on attracting high impact investments that create jobs, expand exports and drive innovation through manufacturing, services and increased research and development. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government. For more information, visit www.selectusa.gov.