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David McNeillSenior Commercial OfficerCommercial Service AthensU.S. Embassy
Promoting Foreign Direct Investment
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5.5 million
$40 billion
$55 billion
$404 billion
Source: Department of Commerce, Bureau of Economic Analysis
FDI in the U.S. Economy
U.S. Affiliates of Foreign Firms Generate 19% of U.S.
Exports ($204 billion in 2007)
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Top 10 FDI Positions in the United States, 2009
Note: Numbers denote percentage of the global investment position in the United States
U.S. FDI Trends
2%|$45.7b
10% | $225.8b
11% | $264.2b
20%| $453.9b 9% | $218.1b 6% | $127.8b
10% | $238b 8% | $189.4b 8% | $189.3b 2% | $43.9b
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2009 European Investment Positions in the United
States
Source: BEA
Average Annual Growth Rate of European FDI Positions in the United
States 2005 - 2009
European FDI in Perspective
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Greek FDI in Perspective
Source: fDi Markets 2003-2011
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Industry Breakdown of FDI Position in the United States, 2009
Source: Bureau of Economic Analysis
FDI in the U.S. – Industry Perspective
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Source: Bureau of Economic Analysis
Top 10 FDI Growth Sectors in the United States
(Compound annual growth rate in FDI position between 2005 and 2009 and dollars in 2009 on a historical cost basis)
FDI in the U.S. – Industry Perspective
Miscellaneous Store Retailers
Educational Services
Copper, nickel, lead and zinc ore
Computers and Peripheral Equipment
Wired Telecommunications Carriers
Beverage and Tobacco Products
Petroleum Refining (excluding oil/gas extraction)
Communications Equipment
Other Services (excl. public sector and private households)
Steel Products from Purchased Steel
94%
$3.573 billion
$7.517 billion
$19.464 billion
-$953 million
$55.031 billion
$6.556 billion
$10.865 billion
$3.856 billion
$5.613 billion
89%
73%
73%
69%
66%
57%
52%
50%
42%
$6.991 billion
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U.S. Food Processing Industry
$538 billion
1.5 million jobs
Sources: Bureau of Labor Statistics, Department of Commerce, Plunkett Research LTD
28,400 establishments
89% fewer than 100 workers
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Recent Greek FDI into the Food Sector
$130 million
120 jobs
$27 million
172 jobs
Source: fDi Markets
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Greek FDI in the United States
Recent Greenfield Investment Announcements in Other Industries:
Source: fDi Markets
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.
December 2009: HelioSphera, a Greece-based solar manufacturer announced that it will construct a new $500m photovoltaics module factory in Philadelphia, Pennsylvania.
June 2008: e-zy.net announced the opening of its newest manufacturing and dstribution center in Draper, near Salt Lake City, Utah. This $42.3 million dollar operation is expected to employ 513 workers.
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• Strategic Market & FTAs (Population of U.S. and FTAs is 610 million; U.S. 42% of Global Consumer Goods Market)
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• Center for Entrepreneurship (11.5% of Americans are Entrepreneurs)
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• Strong Intellectual Property Right Protections (51% of the Patents Granted in 2009 by the U.S. Patent Office Originated from a Foreign Country)
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•A Leader in Higher Education (Seven of the Top Ten Universities in the World are in the U.S.)
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•Productive Workforce (U.S. leads world in labor productivity per person; productivity gap between U.S. and most developed economies is growing)
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• Open to Cultures and Ideas (U.S. has more Irish than Ireland, Filipinos than Manila, Chinese than Hangzhou* and Poles than Warsaw)
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1. Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2. Florida International University/University of Michigan study, 2005; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Supplement 2010 (U.K.); 5. 2007 International Labor Organization Report; 6. U.S. Census Bureau, *Hangzhou city proper
USA: A Great Return on Investment
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The United States: An Attractive Business Climate
World Economic Forum’s 2010-2011 Global Competitiveness rankings
World Bank 2010 Ease of Doing Business Report
AT Kearney’s 2010 FDI Confidence Index
#2#4#5
#1
IESE Business School’s 2009-2010 Venture Capital and Private Equity Index
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The United States: World Leader in Research &Development
In 2007, 41% of all R&D in developed countries took place in the U.S.
Other
Almost 50% of all researchers in the developed world work in the U.S.
More Nobel prize winners completed their winning research in the U.S. than in all other countries combined.
Sources: OECD, www.nobelprize.org
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Invest in America
• Created in 2007
• Primary U.S. Government Mechanism to Manage Foreign Investment Promotion
• What We Do:
1. Facilitate Investment Inquiries
2. Act as Ombudsman
3. Connect Investors with U.S. States
4. Provide Policy Guidance
5. Educate Investors
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Federal State and Local
Invest in America
Single Point of Contact for Foreign Investors:
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Facilitating Business InquiriesInvest in America provides 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 visaForeign investors can communicate with Invest in America staff 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.
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Invest in America
Ombudsman for Foreign Investors:
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U.S. Investment Promotion
• Business Energy Tax Credit
• Loan Guarantee Program
• Wind and Hydropower Technologies Program
• Updated Guide Available December 2010 at http://www.investamerica.gov/
• Contact Invest in America with questions
Contact Information
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David McNeillSenior Commercial OfficerU.S. Embassy AthensTel: 30-210-720-2302Email: [email protected]: http://athens.usembassy.gov/
