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Robust U.S. Economy Beckons Foreign Firms

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By ShareAmerica (State Department)

(August 14) Four trillion dollars. That’s how much foreign businesses invested in the United States in 2017. That’s a record, the U.S. Commerce Department says. No country attracts more. The strong U.S. economy is giving them even more reason to come and sell more products in what is by far the world’s largest consumer market.

What is it that makes the United States so attractive for other nations’ companies and investors? At the recent SelectUSA Investment Summit, which helps entrepreneurs connect with states and localities that are eager to welcome new business, Secretary of State Mike Pompeo summarized the attractions.

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This Week's Industry Spotlights

Professional service firms generated $1.76 trillion in revenue in 2017 alone. (Bureau of Economic Analysis)White bufferMore than a quarter of the global software/IT services market is in the United States: $3.8 trillionWhite bufferThe U.S. textile industry remains one of the most significant sectors in manufacturing - export value in '17 was $17 billionWhite buffer
Travel and tourism generated more than $1.5 trillion in economic output and accounted for 11 percent of all U.S. exports in 2016. (BEA)
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