Three years ago, President Obama launched SelectUSA — an initiative to encourage U.S. businesses to bring jobs back home, and to urge foreign companies to invest in America.
Fast forward to 2014, and here's the result: more than $18 billion of investments across 17 different states, resulting in new jobs for American workers and growth for our nation's economy.
This week the President announced the U.S. will hold a second SelectUSA summit early next year, where more than 2,000 business executives, mayors and governors will meet to encourage even further investment in the U.S.
To find out more about next year's summit, click here.
Watch Jeff Zients, Director of the National Economic Council, go "On the Clock" to talk about SelectUSA — and the importance of investing in the United States: