control, directly or indirectly, by one foreign person [individual, branch, partnership, association,
government, etc.] of 10% or more of the voting securities of an incorporated U.S. business
enterprise or an equivalent interest in an unincorporated U.S. business enterprise
, according to U.S. Department of Commerce data, foreigners invested
billion in U.S. businesses and real estate, down
Foreign direct investments are highly sought after by many state and local governments that are
struggling to create additional jobs in their localities. While some in Congress encourage such
investment to offset the perceived negative economic effects of U.S. firms investing abroad,
others are concerned about foreign acquisitions of U.S. firms that are considered essential to U.S.
national and economic security.
On October 31, 2013, the Obama administration launched a new initiative, known as Select USA,
to attract more foreign direct investment to the United States. According to the Administration,
the aim of the program is to make attracting foreign investment as important a component of U.S.
foreign policy as promoting exports. As a result, the President reportedly instructed
In addition, the program has designated global teams led by U.S. ambassadors in 32 key countries
connect prospective investors with senior U.S. officials. The initiative (selectusa.commerce.gov)
offers a number of tools for foreign investors looking to invest in the United States, including a
list of various state and federal programs that may be available to foreign investors.
according to data published by the Department of Commerce.