On August 6 the President Obama announced the first-ever SelectUSA Investment Summit to increase foreign investment and spur middle class job growth.

The Summit will take place on October 31-November 1, 2013, in Washington, D.C. Summit participants will include international and domestic investors, U.S. state, local, and regional economic development organizations (EDOs), senior administration officials, representatives from state and local governments, business leaders, industry and technical specialists, service providers, and subject-matter experts. Attendees will have access to networking opportunities and one-on-one meetings; presentations on the latest investment trends; moderated panels; break-out sessions about investment opportunities, and programs; information about investment-related resources in the United States; and EDO exhibits.

Foreign direct investment (FDI) plays a critical role in the U.S. economy. In 2012, nearly 1 billion in FDI flowed into the United States. In 2011, U.S. affiliates of foreign firms employed 5.6 million U.S. workers.

President Obama launched SelectUSA two years ago, the first-ever U.S. government-wide initiative to promote and facilitate investment in the United States.

To read a White House press release, click here. To read more about the Summit, visit website.