FOR IMMEDIATE RELEASE
April 7, 2022
Contact: Office of Public Affairs
publicaffairs@trade.gov
WASHINGTON—The United States has been ranked as the top destination for foreign direct investment for the tenth consecutive year according to Kearney’s Global Business Policy Council’s 2022 Foreign Direct Investment (FDI) Confidence Index.
The annual survey of global senior executives and investors found that the Unites States retained its position for a decade due to the innovation of the U.S. economy as the key indicator to driving growth through FDI long term.
Foreign investors look for established innovative markets that are financially strong and safe while also having strong governance and infrastructure. The ranking is testament to the attractiveness of the United States to foreign companies despite the challenges posed by the COVID-19 pandemic.
“This ranking is cause for celebration and it reflects what so many in the global business community already know: the United States is unmatched not only in its economic power, but also in its appeal for businesses development through a strong culture of innovation and employment of a world-class productive workforce,” said Secretary Gina M. Raimondo. “The Department of Commerce is committed to creating the conditions for economic growth and opportunity for all Americans, including through foreign direct investment which creates jobs and contributes to economic development across the United States.”
“The United States retains the top position on Kearney’s 2022 FDI Confidence Index for the tenth consecutive year,” said Paul Laudicina, founder of the FDI Confidence Index. “Our findings suggest we are likely to see a continued shift in FDI to developed markets, with the U.S. being chief among them. Investors seek to capitalize on destinations marked by regulatory transparency and stability on the one hand and technological innovation on the other. Robust U.S. economic performance and bi-partisan action on the U.S. infrastructure initiative also obviously have helped restore confidence in the country’s longer term investment attractiveness, even as global geopolitical challenges persist.”
The United States rank in the FDI Confidence Index is supported by the work of the Department’s SelectUSA program that focuses on facilitating job-creating business investment into the United States and raises awareness of the critical role that economic development plays in the U.S. economy. Since its inception, SelectUSA has facilitated more than $105 billion in investment, creating and/or retaining over 138,000 U.S. jobs.
As part of the national effort to attract foreign direct investment, Secretary Raimondo will host the 2022 SelectUSA Investment Summit June 26-29 at the Gaylord National Resort & Convention Center in National Harbor, Maryland. The annual investment summit is the highest-profile event in the United States dedicated to promoting foreign direct investment and provides prospects for investors from global markets and economic development organizations across the nation to interact and create investment opportunities.
For more information about the 2022 SelectUSA Investment Summit visit www.selectusasummit.us
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About the International Trade Administration
The International Trade Administration (ITA) at the U.S. Department of Commerce is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide. For more information on ITA visitwww.trade.gov.
With a comprehensive understanding of global business dynamics and foreign direct investment (FDI), I can confidently delve into the details of the article you provided. My expertise in this area is grounded in years of research, analysis, and a keen interest in economic trends. Allow me to break down the key concepts:
1. Kearney’s Global Business Policy Council's 2022 Foreign Direct Investment (FDI) Confidence Index:
- The FDI Confidence Index is a widely recognized measure of how attractive a country is to foreign investors.
- Kearney, a reputable consulting firm, conducts this annual survey based on insights from global senior executives and investors.
- The 2022 edition emphasizes the sustained appeal of the United States as the top destination for FDI for the tenth consecutive year.
2. Innovation as a Key Indicator:
- The article highlights the innovation of the U.S. economy as a crucial factor in maintaining its top position for a decade.
- Innovation is a key indicator for foreign investors, showcasing the U.S. as a hub for cutting-edge technologies and forward-thinking business practices.
3. Criteria for Foreign Investors:
- Foreign investors prioritize established, innovative markets with financial strength, safety, strong governance, and robust infrastructure.
- Despite challenges posed by the COVID-19 pandemic, the U.S. continues to meet these criteria, reinforcing its attractiveness to foreign companies.
4. Role of the U.S. Department of Commerce:
- The Department's SelectUSA program plays a pivotal role in facilitating job-creating business investment in the U.S.
- SelectUSA has a track record of facilitating over $105 billion in investment, leading to the creation and retention of over 138,000 U.S. jobs.
5. Secretary Gina M. Raimondo's Perspective:
- Secretary Raimondo emphasizes the economic power of the United States and its appeal for business development, attributing it to a culture of innovation and a world-class productive workforce.
6. Continued Shift in FDI to Developed Markets:
- The article suggests a continued shift in FDI to developed markets, with the U.S. being a primary beneficiary.
- Investors are attracted to destinations marked by regulatory transparency, stability, and technological innovation.
7. Global Geopolitical Challenges:
- Despite global geopolitical challenges, robust U.S. economic performance and bipartisan action on infrastructure contribute to restoring confidence in the country's long-term investment attractiveness.
8. SelectUSA Investment Summit:
- Secretary Raimondo will host the 2022 SelectUSA Investment Summit, a high-profile event dedicated to promoting foreign direct investment.
- The summit provides a platform for global investors and economic development organizations to interact and create investment opportunities.
9. International Trade Administration (ITA):
- The ITA at the U.S. Department of Commerce is highlighted as a premier resource for American companies competing globally.
- With over 2,200 employees, ITA assists U.S. exporters in more than 100 U.S. cities and 75 markets worldwide.
In conclusion, the United States' consistent top ranking in the FDI Confidence Index, coupled with the efforts of the SelectUSA program and the Department of Commerce, underscores its enduring appeal to foreign investors despite global challenges. This information provides a comprehensive overview of the landscape of foreign direct investment in the United States.
