U.S. EMBASSY HUNGARY ANNOUNCES RECRUITMENT FOR 2018 SELECTUSA INVESTMENT SUMMIT
Embassy Led 12 Companies to 2017 Investment Event Seeking Business Opportunities in United States
– April 16, 2018 –
[BUDAPEST, HUNGARY] – Chargé d’Affaires David J Kostelancik today announced registration is open for Hungarian companies to participate in the 2018 SelectUSA Investment Summit (Investment Summit), June 20-22, near Washington, D.C. The Investment Summit is the highest profile event to connect global companies and U.S. economic development organizations (EDOs) to facilitate business investment in the United States.
“The SelectUSA Investment Summit is the single best venue for global companies to discover how tax reform, regulatory reduction, and other pro-growth Trump Administration policies have made the United States an even more attractive destination for business investment,” said U.S. Secretary of Commerce Wilbur Ross.
The theme for the 2018 Investment Summit is Invest Here. Grow Here. Succeed Here. Attendees will hear from government and industry leaders about opportunities in key sectors including infrastructure, energy, and advanced manufacturing.
Past Investment Summit participants announced more than $71 billion of new investment projects in the United States from 2013 to 2017. The previous four Summits attracted thousands of international investors, with the 2017 Summit alone attracting more than 3,000 total attendees, including investors from 64 markets, EDOs from 52 U.S. states and territories, and 14 Chiefs of Mission.
For the first time, SelectUSA will give special attention to space commerce, in line with the Administration’s focus on space policy. Secretary Ross sits on the newly reconstituted National Space Council, chaired by Vice President Pence, and is playing a leading role in ensuring the United States is the flag of choice for commercial development of space both now, and in the future.
The Investment Summit has historically provided returns for Hungarian business investors. Past Investment Summit participants from Hungary have announced successfully launching their business into the United States as well as finding the right partners and strategies for expansion.
“The SelectUSA Investment Summit will connect Hungary’s business leaders to the information, business locations, and key officials necessary to start the discussion of investing in the United States,” said Jennifer Kane-Zabolotskaya, Senior Commercial Officer “I hope that any company that has considered expanding in the United States considers applying to join our delegation to the Investment Summit. There is no more worthwhile event for global business leaders.”
The United States is currently home to more foreign direct investment (FDI) than any other country in the world, with a total stock of $3.7 trillion at the end of 2016.
Learn more about the Investment Summit and how to apply for registration here: http://www.selectusasummit.us/.
SelectUSA is a U.S. Department of Commerce-led program focused on attracting high impact investments that create jobs, expand exports and drive innovation through manufacturing, services and increased research and development. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps investors find the information they need to make decisions; connect to the right people at the local level; navigate the federal regulatory system; and find solutions to issues related to the federal government.