Press Release
☷U S Commerce Department Announces $200 Billion Milestone in Foreign Direct Investment
U.S. Department of Commerce ( By Press Release office)
Jan 06,2024
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The U . S . Commerce Department just announced that they ' ve hit a huge milestone of $200 billion in foreign direct investment . This investment has supported over 200 , 000 jobs across the country since the SelectUSA program was established in 2011 . It ' s a major accomplishment for the Biden - Harris Administration ' s efforts to boost the economy and attract international businesses . The SelectUSA program has been instrumental in bringing in this investment and creating good - paying jobs in critical industries . In fact , in 2023 alone , they facilitated over $55 billion in foreign direct investment and supported over 35 , 000 American jobs . The United States has consistently been the top destination for foreign direct investment for the past 11 years , which speaks to the strength of our economy . Overall , foreign direct investment has played a significant role in creating over 15 million jobs in the United States . The SelectUSA program , led by the Department of Commerce and housed in the International Trade Administration , helps businesses invest in the United States . They bring together different government agencies to make it easier for investors and raise awareness about how important economic development is for the U . S . economy . SelectUSA supports American economic development organizations in competing globally for investment by providing information , marketing , and advocacy . They also assist business investors in finding the right information , connecting with local contacts , navigating regulations , and resolving any issues with the federal government . For more info , check out www . trade . gov/selectusa .
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