Teaming Up to Support the U.S. Economy
Ken Hyatt is the Deputy Under
Secretary of Commerce for International Trade.
The last few weeks at the International Trade Administration
(ITA) were filled with triumphant accomplishments and sad farewells.
The Department of Commerce, including the ITA team, came
together to host the SelectUSA
2013 Investment Summit, a first-of-its-kind event to attract foreign direct
investment (FDI) to the United States. We gathered an incredible team of
government and business leaders to explain why the United States is the best
place in the world to invest. The conference was sold out, with approximately 1,200
attendees representing nearly 60 countries, 47 states, economic development
professionals, government officials and top CEOs from around the world. I know
that we’ll be able to share some success stories soon.
During the next few weeks, we’ll share some important information
and follow-ups from the SelectUSA Summit, particularly for those who were not
able to attend the event. I also encourage you to read the updated
FDI report from the White House and the Department of Commerce to
understand how FDI benefits our economy and why the United States remains the
world’s premier destination for investment.
We also said goodbye to Francisco Sánchez, who left public
service this week after more than four incredible years of leadership here
at the International Trade Administration. I know Francisco will be sorely
missed, and we wish him the best in all future endeavors.
One of Francisco’s many accomplishments was leading ITA
reorganization, which took effect on Oct. 1. We’ve restructured our team to make us even more effective at supporting
U.S. exporters while streamlining our operations.
I’d like to congratulate the ITA team and the Department of
Commerce for all of its accomplishments since returning to full operation in
mid-October. For everyone who supported the SelectUSA Summit, thanks for your
diligence and hard work. I know the event will prove itself a resounding
Thanks to all of you for supporting trade, investment, and