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Promoting Foreign Direct Investment David McNeill Senior Commercial Officer Commercial Service Athens U.S. Embassy. Greek FDI in the U.S. . FDI and the U.S. Economy. 5.3 million $49 billion $85 billion $228 billion $449 billion 25 percent 18 percent.

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Presentation Transcript
slide1

Promoting Foreign Direct Investment

David McNeillSenior Commercial Officer

Commercial Service Athens

U.S. Embassy

slide3

FDI and the U.S. Economy

5.3 million

$49 billion

$85 billion

$228 billion

$449 billion

25 percent

18 percent

Workers Employed by U.S. Affiliates of Foreign Firms in the U.S. in 2009

Amount U.S. Affiliates of Foreign Firms spent on R&D in the U.S. in 2009

Amount U.S. Affiliates of Foreign Firms Reinvested into the U.S. Economy in 2010

Size of FDI Flows into the U.S. in 2010

Amount of Wages Paid to Employees of U.S. Affiliates of Foreign Firms in 2009

U.S. Affiliates of Foreign Firms Pay on Average 25 percent Higher Wages and Salaries than U.S. Establishments

U.S. Affiliates of Foreign Firms Generate 18 percent of all U.S. Exports as of 2008

slide4

U.S. FDI Trends

Top 10 FDI Stock Positions, 2010

21% | $497.5b

11% | $257.2b

9% | $209b

10% | $238.2b

11% | $263.2b

5% | $118b

3% | $61.6b

3% | $61.5b

2% | $52.2b

2%|$52.8b

slide5

U.S. FDI Trends

European Direct Investment the United States

Average Annual Growth Rate of

FDI Positions by Stock

FDI Positions by Stock

Total:

$1.4 Trillion

Source: Department of Commerce, Bureau of Economic Analysis – FDI by Ultimate Beneficiary Owner

slide6

Greek FDI in Perspective

Source: fDi Markets 2003-Present

slide7

FDI in the U.S.Industry Perspective

Industry Breakdown of FDI Position in the United States, 2009

Source: Bureau of Economic Analysis

slide8

FDI Compound Annual GrowthRates By Industry, 2006-2010

Source: Department of Commerce, Bureau of Economic Analysis – FDI by Ultimate Beneficiary Owner

slide9

U.S. Food Processing Industry

$538 billion stock

1.5 million jobs

28,400 establishments

89% fewer than 100 workers

Sources: Bureau of Labor Statistics, Department of Commerce, Plunkett Research LTD

slide10

Recent Greek FDI into the Food Sector

$130 million

120 jobs

$27 million

172 jobs

Source: fDi Markets

slide11

Greek FDI in the United States

Recent Greenfield Investment Announcements in Other Industries:

December 2009: HelioSphera, a Greece-based solar manufacturer announced that it will construct a new $500m photovoltaics module factory in Philadelphia, Pennsylvania.

October 2009: Intralot, which designs and develops hardware and software for lottery gaming systems, established a distribution operation in Deerfield Township, Ohio. The $14.5 million dollar operation will employ 60 staff.

July 2011: Upstream, a global mobile marketing technology and solutions provider, has opened its new United States headquarters in Silicon Valley, located in Redwood City, California.

Source: fDi Markets

slide12

The United States:

A Great Return on Investment

  • Strategic Market & FTAs
  • Population of U.S. and FTAs is 610 million; U.S. 42% of Global Consumer Goods Market1
  • Center for Global Innovation and Entrepreneurship
  • U.S. Responsible for 40% of Total World R&D Expenditures; 11.5% of Americans are Entrepreneurs2
  • Strong Intellectual Property Right Protections
  • 50% of the Patents Granted in 2009 by the U.S. Patent Office Originated from a Foreign Country3
  • A Leader in Higher Education
  • Six of the Top Ten Universities in the World are in the U.S.4
  • Productive Workforce
  • U.S. leads world in labor productivity per person; productivity gap between U.S. and most developed economies growing5
  • Open to People, Cultures, and Ideas
  • U.S. has more Irish than Ireland, Filipinos than Manila, Chinese than Hangzhou* and Poles than Warsaw6

1. Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2 RAND Corporation’s National Defense Research Institute; Florida International University/University of Michigan study, 2005; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Supplement 2009 (U.K.); 5. 2007 International Labor Organization Report; 6. U.S. Census Bureau, *Hangzhou city proper

slide13

The U.S. Business Climate

World Economic Forum’s 2010-2011 Global Competitiveness rankings on Innovation

France: #19 Germany: #8 UK: #14

#1

#1

IESE Business School’s 2009-2010 Venture Capital and Private Equity Index

France: #14 Germany: #10 UK: #2

#2

AT Kearney’s 2010 FDI Confidence Index

France: # 13 Germany: #5 UK: #10

#5

World Economic Forum’s 2011-2012 Global Competitiveness rankings

France: #18 Germany: #6 UK: #10

slide14

The United States: World Leader in

Research & Development

In 2010, 34% of all R&D in the world took place in the United States

Almost 50% of all researchers in the developed world work in the U.S.

Approximately 45% of Nobel prize winners in the fields of Chemistry, Medicine, and Physics completed their winning research in the U.S.

14

Sources: OECD, www.nobelprize.org

executive order
Executive Order

SelectUSA was created by the Executive Order of the President of the United States in June 2011.

The Executive Order outlines:

  • The Administration’s policy on business investment
  • The establishment and functions of the SelectUSA initiative
slide16

Connect Investors to

State/Local EDOs

slide17

Facilitating Business Inquiries

SelectUSAprovides actionable information to foreign firms to help them:

  • Incorporate a business in the U.S.
  • Understand basic U.S. tax and legal concepts
  • Learn about incentives available to businesses in the U.S.
  • Connect with U.S. state, city, or regional economic development offices to learn about investment opportunities
  • Apply for a business-related visa

Foreign investors can communicate with SelectUSAstaff by phone or email in Washington, DC, or meet with members of the U.S. Foreign Commercial Service in almost 80 countries around the world.

slide18

Act as Ombudsman

Solve investor inquiries across the federal agencies

slide19

Conduct Investor Outreach

Searchable Guide to Federal Investment Resources at

www.selectusa.gov

Promote the U.S. business climate worldwide

Contact SelectUSA with questions

at 202-482-6800

contact information
Contact Information

David McNeillSenior Commercial Officer

U.S. Embassy AthensTel: 30-210-720-2302Email: david.mcneill@trade.gov

Web: http://athens.usembassy.gov/

Christopher Clement

Manager, Global Business Attraction

SelectUSA (Washington, DC)Tel: +1 202-482-0929Email: cclement@doc.gov

Web: http://selectusa.gov/