Why We Should Be Optimistic About the Future
Stefan M. Selig is the Under Secretary of Commerce for
"At this moment -- with a growing economy,
shrinking deficits, bustling industry, booming energy production -- we have
risen from recession freer to write our own future than any other nation on
President Obama's State of the Union address was filled with optimism
about the future. And when it comes to 2015, there is plenty of optimism about
our exports, foreign direct investment into the U.S., and the creation of new
I saw that
optimism firsthand in Seattle. I was honored to attend an annual
conference held by
the Economic Development Council of Seattle and King County. The council
unveiled a strong plan to attract greater FDI in the coming years. The Seattle
metropolitan area was already the fifth largest export hub in the country in
2013. Between this plan and the help of SelectUSA, the Greater Seattle region
will surely become an elite FDI hub as well.
Look South's great inaugural year is creating a lot of optimism for
2015. Through November, exports to our Look South markets—consisting of all 11
Latin American free trade partners—increased year-over-year by $16 billion.
That accounts for more than one-third of our total year-over-year increase in
our export wallet.
'mega trends' that will drive the digital economy were on display at International CES last month in Las
Vegas: the Internet
of Everything (IoE), the convergence of the auto and electronics industries,
and the interplay between 2D and 3D manufacturing. All of these trends are
being driven by U.S. companies, proving that we are leading the way in the
There is also
one reason to be optimistic about the immediate future. We are less than two
months away from the SelectUSA Summit, taking place on
March 23rd and 24th. Registration is open and it is expected to attract
twice as many attendees as the 2013 summit. This is destined to be the highest
profile event to highlight FDI, and will showcase why companies around the
world should double down on the U.S.
These are not
only reasons to be optimistic about our economy. They are also reasons to be
optimistic and proud of our work as an agency. Thanks for everything you do.
International CES 2015 represented the perfect nexus of American innovation and global participation