Remarks by the 44th President Barack Obama at the Select USA Investment Summit

Obama.png

By the beginning of this year, SelectUSA had successfully assisted more than 1,000 clients, helping to generate more than $20 billion of investment in the United States – investment that has both spurred economic growth and created jobs all across the country. Today, we want to build on that momentum and expand our services. We’re launching a new partnership between state and federal economic development officials. We’re launching the Select USA Academy, with online and on-site training programs for investors. We’re improving our online investment tools, helping companies identify state-based incentives so that they can decide where to invest.

Our commitment to the rule of law and strong intellectual property protections also make America a dependable place to innovate and do business. We’re working together on a Bipartisan Trade Promotion Authority and strong new trade deals from Asia to Europe that aren’t just free but are also fair and reciprocal I’m also taking action to make it easier for global companies who are present here today to launch and invest in the US My administration is going to reform the L-1B visa category, which allows corporations to temporarily move workers from a foreign office to a US office in a faster, simpler way.