Exports, Investments, and the U.S. Economy
A message from Under Secretary of Commerce for International Trade Francisco Sánchez. Follow him on Twitter @UnderSecSanchez.
In July, President Obama highlighted several of his key initiatives to support the American economy. From a trip across Africa to a trip across the United States, it was great to hear the President's plans, including how the International Trade Administration's (ITA) work is a major part of supporting U.S. businesses and contributing to our continued economic recovery.
Exports are a crucial part of our recovery. From helping businesses find new markets in Africa, Burma or somewhere else in the world, ITA stands behind American companies. We love helping business like Test Logic in Connecticut, Rekluse in Idaho, or Ball Aerospace in Colorado as they increase exports and job creation.
Foreign direct investment (FDI) is another huge contributor to America's economy. The upcoming SelectUSA Investment Summit, which President Obama brought up in Chattanooga, Tennessee last week, is going to be a key tool in attracting even more global investment in the United States. FDI already supports more than five million American jobs; I think this Summit will make that number grow even higher.
One thing we love talking about is data. July was a big data month for us, as we released metropolitan- area export data for 2012. We've seen folks all over the Internet bragging about their hometowns, just like I have done a couple of times – touting the success Tampa Bay saw last year. We have plenty of tools available for you to learn about your hometown's exports, and I hope you'll share some of your bragging with us on Twitter (and keep your eyes out for some more great data releases this month).
As always, I appreciate the work each and every one of you does to support U.S. exports. If we can help your business begin exporting, find new markets, or expand in current markets, help is not far away.
My best to all of you as the end of summer approaches.
ITA released data about the top metropolitan export areas, including rankings. Check out how your city stacks up.
The Department of Commerce Advocacy Center helped a Colorado Company win a contract in Korea that will support about 100 American jobs.