Obama to Pitch US to Foreign Investors

Thursday, 31 Oct 2013 06:39 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

President Barack Obama is to tout investment opportunities on Thursday when he announces Washington is expanding its efforts to entice foreign firms to bring jobs to the United States, administration officials said.

Officials said the United States would start to coordinate efforts at the federal level to attract investment in a way it has not before. Until now, states and cities have been responsible for making pitches for business from abroad.

"It's not a level playing field for a mayor of one of our cities to have to compete against the prime minister or head of state of a major industrial power," White House National Economic Council Director Gene Sperling told reporters.

Obama is due to make the announcement in a speech to a SelectUSA investment conference with business representatives from around the world, officials said. to attract investment

The efforts to attract investment would start to mimic the more coordinated export promotion initiatives that government officials have focused on in the past, the officials added.

"The factors driving U.S. investment are so positive that some independent analysts now rank the United States as the number one location where CEOs can be confident to invest," Commerce Secretary Penny Pritzker told reporters.

The president is due to pledge that top administration officials will now advocate greater coordination in locating production and investment in the United States, the officials said.

 

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Pro-Russian Group Denies Producing Ukraine Jewish 'Registration' Leaflets

Thursday, 17 Apr 2014 15:07 PM

Ukrainian Jews leaving Passover eve prayers were handed leaflets ordering them to either register with an interim govern . . .

Gallup Poll: Record Disapproval Ratings for Obama on Economy

Thursday, 17 Apr 2014 22:41 PM

More than half of Americans said they had virtually no confidence in President Barack Obama's ability to improve the nat . . .

Ben Carson: Americans 'Being Played' by Those Who Seek Division

Thursday, 17 Apr 2014 22:02 PM

Retired pediatric neurosurgeon Dr. Ben Carson said Thursday that Americans are "being played by those people who want to . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved