For many years, IIUSA has worked with SelectUSA to promote American job creation and enhance economic growth by encouraging and supporting foreign direct investment (FDI) in the United States through the EB-5 Program.
Washington DC (PRWEB) March 18, 2015
Invest in the USA (IIUSA), the national not-for-profit industry trade association for the EB-5 Regional Center Program (the “Program”), announces that Executive Director Peter D. Joseph will moderate a panel at the SelectUSA Investment Pre-Summit Academy on March 22nd at the National Harbor in Maryland. Mr. Joseph will be joined by IIUSA members Angelique Brunner of EB5 Capital and Brent Raymond of the State of Vermont EB-5 Regional Center for the panel “EB-5: How Does it Fit with FDI Development,” which will focus on educating economic development organizations (EDOs) on EB-5 best practices.
"IIUSA is honored to participate in this important pre-summit workshop and represent the EB-5 Regional Center industry with experienced EB-5 practitioners from both the public and private sector,” said IIUSA Executive Director Peter D. Joseph. “For many years, IIUSA has worked with SelectUSA to promote American job creation and enhance economic growth by encouraging and supporting foreign direct investment (FDI) in the United States through the EB-5 Program. I look forward to sharing valuable industry insights with economic development organizations on how EB-5 can be aligned with local economic development strategies to spur economic development via FDI. EB-5 capital has played a vital role in America’s recovery from the Great Recession. These at-risk investments have given projects across the country the ability to add bank financing and other outside investments to their capital stack – a key in post-recession capital markets for economic development projects that will help write the next chapter of local economies across the country,” Joseph said.
Housed within the U.S. Department of Commerce, SelectUSA is a government-wide program established in 2011 to promote and facilitate business investment into the United States in order to create jobs, spur economic growth, and advance U.S. competitiveness. According to a report released last year by the Executive Office of the President and the Department of Commerce, “SelectUSA has directly assisted in winning more than $18 billion in job-creating business investments for the United States in 17 different states and territories, and since October 2013, has assisted nearly 500 businesses, encouraging them to invest in the U.S. and helping them to navigate the Federal government.”
The SelectUSA Academy is an orientation for companies, state and local governments, and economic development organizations attending SelectUSA’s annual Investment Summit where participants will learn about the finer details of investment in the United States.
IIUSA has a strong track record of engaging with government entities like SelectUSA to educate stakeholders about the EB-5 program. Other organizations that IIUSA has worked with include the Council of Development Finance Agencies (CDFA), the National Association of State Securities Administrators (NASAA), the Securities and Exchange Commission (SEC), and U.S. Department of Commerce, staffs of several Governors, the U.S. Conference of Mayors (USCOM), and National Association of Counties (NACo).