June 16, 2017
For Immediate Release
53 Canadian Companies to Join Global Business Leaders and U.S. Government Officials at Top Investment Event
Ottawa – Chargé d’Affaires Elizabeth Aubin today announced that 53 companies from a variety of industries across Canada will be travelling to Washington D.C. to participate in the SelectUSA Investment Summit (Summit), June 18-20. The Summit is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to foster business investment in the United States.
“We are entering a new period of economic revival in the United States,” said U.S. Secretary of Commerce Wilbur Ross. “This is an exciting time for global companies to explore the U.S. market and find partners that can help them create a footprint, expand operations, and achieve growth. There is no better place to make those connections than this Summit.”
As in previous years, Canada will rank among the largest country delegations present at the SelectUSA Investment Summit. This year’s Canadian delegation will include an extraordinary group of large, small, and medium-sized companies, representing the diversity of Canada’s industries, from auto parts and information technologies to food processing, consumer goods, and financial services.
“We are thrilled to welcome Canadian companies to the Summit and to the United States,” said Chargé Aubin “As the nation’s premier foreign direct investment event, the Summit brings business opportunities and resources from across the United States together with businesses from countries around the world, including Canada, enabling business leaders to complete weeks of work in fewer than three days. For Canadian businesses, the Summit provides information on opportunities that can help drive growth in both the U.S. and Canadian markets.”
The United States is currently home to more foreign direct investment (FDI) than any other country in the world, with a total stock of $3.1 trillion at the end of 2015. Canada is the third-largest source of FDI in the United States, with a total stock of over $341 billion in 2015.
To date, representatives from 51 U.S. states and territories and more than 65 international markets have registered for the 2017 Investment Summit.
The previous three Summits attracted thousands of international investors, with the 2016 Summit alone attracting more than 2,600 total attendees, including investors from 70 markets and EDOs from 52 U.S. states and territories. Past Summit participants announced $20.6 billion of new investment projects in the United States from 2014 to 2016.
Learn more about the Investment Summit and see the agenda here: http://www.selectusasummit.us/.
Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors. 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.
Senior Media Specialist, U.S. Embassy Ottawa