NATIONAL HARBOR, MD (WZMQ 19 News) — Each year, the U.S. Department of Commerce hosts the SelectUSA Investment Summit. The tenth annual summit is taking place this week just outside of our nation’s capital.
It’s one of the highest profile events in the U.S. for facilitating business investments. It connects thousands of investors, companies and economic development organizations to make deals happen.
“We like to think of this as like the Super Bowl of economic development,” said Daniel Clark, the Director of Business Development at the New York City Economic Development Corporation.
The Investment Summit is an opportunity for states to connect with, and appeal to, foreign companies and investors. The Department of Commerce works with U.S. embassies across the globe to bring companies interested in the U.S. market to this annual event.
It gives states, like Michigan, a chance to connect with those companies and show why it’s the best place to invest or grow a business.
“I’m at SelectUSA showing the world what Michigan can do. We’re leaders in innovation and advanced manufacturing, investing in cars, chips, clean energy, and more. Let’s keep working together to support good -paying jobs right here at home and build a stronger, brighter future,” said Gov. Gretchen Whitmer (D- MI) on X, formerly known as Twitter.
According to SelectUSA, since the investment summits first started, they have attracted thousands of international companies, and generated over $100 billion in new investment projects and over 85,000 jobs across the United States and its territories.
