Manufacturers: Foreign and Domestic Investment Will Improve Competitiveness
06/15/11 - National Association of Manufacturers (NAM) Vice President for International Economic Affairs Frank Vargo issued this statement today on Commerce Secretary Locke’s announcement of the creation of the SelectUSA program:“Ensuring the United States is the best country in the world to headquarter a company or to attract direct foreign investment is one of the main goals of our Manufacturing Strategy. Manufacturers believe that the SelectUSA program will be a useful tool to encourage more foreign and domestic companies to invest in our country.
Encouraging additional foreign and domestic investment will help boost the economic recovery, lead to better innovation and create quality manufacturing jobs for American workers. While the SelectUSA program is a good start to reducing obstacles for businesses, more still needs to be done to ease the regulatory burden on large and small manufacturers, which dampens job growth.
We look forward to working with the Administration to ensure SelectUSA is as effective as possible for manufacturers and in addition to policies which will improve manufacturers’ global competitiveness.”
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