SelectUSA Investment Advisory Council
ABOUT THE IAC
The U.S. IAC advises the Secretary of Commerce on the development and implementation of strategies and programs to attract and retain foreign direct investment (FDI) in the United States.
The IAC can have up to 40 members who serve a two-year term. Members are business or economic development leaders representing various industries, companies, associations, regional, state and local economic development organizations, and other organizations.
The IAC is responsible for: advising the Secretary of Commerce on U.S. government policies and programs that affect FDI; identifying and recommending programs and policies to help the United States attract and retain FDI; and recommending ways to support the United States remaining the world’s preeminent destination for FDI.
U.S. INVESTMENT ADVISORY COUNCIL (IAC) MEETING
Thursday, October 26, 2023, 2:00 P.M. – 3:30 P.M. (EDT)
Location: Commerce Research Library, Washington DC (In-Person Meeting)
- Welcome Remarks – 2 Minutes
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and Director General of the U.S. and Foreign Commercial Service
- Opening Remarks – 3 Minutes
Chair Barbara Humpton, President and CEO, Siemens
Vice Chair Richard Chin, Chairman and CEO, SK Global Development Advisors Inc.
- Overview of Initial Recommendations Adoption & Implementation – 15 Minutes
Jasjit Singh, Executive Director, SelectUSA
- Subcommittee Reports and Vote on New Recommendations – 30 Minutes
Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
Subcommittee on Economic Competitiveness – 10 mins
Subcommittee on Workforce – 10 mins
Sandra Watson, President and CEO, Arizona Commerce Authority
Micheal Graff, Chairman and CEO, American Air Liquide Holdings
Subcommittee on SelectUSA 2.0 – 10 mins
Christopher Chung, CEO, Economic Development Partnership of North Carolina
Seth Martindale, Senior Managing Director Site Selection (FDI) and Economic Incentive Negotiation Lead, CBRE, Inc.
- Discussion of Ongoing Subcommittee Work – 5 Minutes
Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
- Briefing and Discussion on Visa Services – 25 Minutes
U.S. Department of State
- Closing remarks – 5 Minutes
Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
- Closing Remarks – 2 Minutes
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and Director General of the U.S. and Foreign Commercial Service
- Meeting concludes
Read the October 21, 2023 IAC Meeting Transcript.
U.S. INVESTMENT ADVISORY COUNCIL (IAC) MEETING
Monday, May 1, 2023 4:30 P.M. – 6:00 P.M. (EDT)
Location: Commerce Research Library, Washington DC (In-Person Meeting)
I. Welcome Remarks – 3 Minutes
- Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and Director General of the U.S. and Foreign Commercial Service
II. Opening Remarks – 6 Minutes
- Chair Barbara Humpton, President and CEO, Siemens
- Vice Chair Richard Chin, Chairman and CEO, SK Global Development Advisors Inc.
III. Report of Initial Recommendations and Vote – 35 Minutes
- Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
- Subcommittee on Economic Competitiveness – 10 mins
- Chris Camacho, President and CEO, Greater Phoenix Economic Council
- Nancy McLernon, President and CEO, Global Business Alliance
- Subcommittee on Workforce – 10 mins
- Brad Chambers, Secretary of Commerce, State of Indiana and CEO of Indiana Economic Development Corporation
- Subcommittee on SelectUSA 2.0 – 10 mins
- Christopher Chung, CEO, Economic Development Partnership of North Carolina
- Seth Martindale, Senior Managing Director Site Selection (FDI) and Economic Incentive Negotiation Lead, CBRE, Inc.
IV. Discussion of Ongoing Subcommittee Work – 20 minutes
- Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
V. Remarks from Secretary Raimondo – 3 Minutes
VI. Discussion of Initial Recommendations with Q&A – 20 Minutes
- Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
VII. Closing Remarks – 3 Minutes
- Jasjit Singh, Executive Director, SelectUSA
VIII. Meeting concludes
Read the May 1, 2023 IAC meeting transcript.
U.S. INVESTMENT ADVISORY COUNCIL (IAC) MEETING
Tuesday, February 14, 2023 1:30 P.M. – 3:00 P.M. (EDT)
Virtual Webex Meeting
I. Announcement of Meeting into the Record – 2 Minutes
- Rachel David, Designated Federal Officer
II. Welcome and Roll Call – 8 Minutes
- Chair Barbara Humpton, President and CEO, Siemens
- Vice Chair Richard Chin, Chairman and CEO, SK Global Development Advisors Inc.
III. Opening Remarks – 5 Minutes
- Arun Venkataraman, Assistant Secretary of Commerce for Global Markets, and
- Director General of the U.S. and Foreign Commercial Service Global Markets
IV. Overview of Subcommittee Work Reported to the Secretary – 40 Minutes
Facilitated by Chair, Barbara Humpton, Siemens and Vice Chair, Richard Chin, SK Global Development Advisors
- Subcommittee on Economic Competitiveness – 12 mins
- Chris Camacho, President and CEO, Greater Phoenix Economic Council
- Nancy McLernon, President and CEO, Global Business Alliance
- Subcommittee on Workforce – 12 mins
- Mike Graff, Chairman/CEO, American Air Liquide Holdings Inc
- Brad Chambers, Secretary of Commerce, State of Indiana and CEO of Indiana Economic Development Corporation
- Subcommittee on SelectUSA 2.0 – 12 min
- Christopher Chung, CEO, Economic Development Partnership of North Carolina
- Seth Martindale, Senior Managing Director Site Selection (FDI) and Economic Incentive Negotiation Lead, CBRE, Inc.
V. Conclusion of Discussion with Questions and Answers – 30 minutes
- Chair Barbara Humpton, President and CEO, Siemens
- Vice Chair Richard Chin, Chairman and CEO, SK Global Development Advisors Inc.
VI. Closing Remarks – 5 Minutes
- Jasjit Singh, Executive Director, SelectUSA
VII. Meeting conclude
U.S. INVESTMENT ADVISORY COUNCIL (IAC) MEETING
September 29, 2022 | 10:30 am – 12:00 pm ET | Washington, DC
Location: Washington, DC and WebEx – email IAC@trade.gov to register.
I. Welcome – 5 Minutes
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service
II. Introductory Remarks – 10 Minutes
Gina M. Raimondo, Secretary of Commerce
III. Introduction to SelectUSA and Overview of Department of Commerce FDI tools and programs – 15 Minutes
Jasjit Singh, Executive Director, SelectUSA
IV. IAC Introductions, Overview and Announcements – 30 Minutes
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service
V. Discussion – 15 Minutes
VI. Closing Remarks – 5 Minutes
Arun Venkataraman, Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service
Read the transcript from the September 29, 2022 IAC Meeting.
U.S. INVESTMENT ADVISORY COUNCIL (IAC) MEETING
Wednesday, June 9, 2021, 12:30 P.M. – 1:30 P.M. (EDT)
Virtual Webex Meeting
I. Announcement of Meeting into the Record
II. Welcome and Roll Call
Chair Mark Beariault, General Counsel, Kudelski Group
III. Opening Remarks
Gina Raimondo, Secretary of Commerce
IV. Overview of Subcommittee Work Reported to the Secretary
Facilitated by Dale Tasharski, Deputy Director General of the U.S. & Foreign
Commercial Service
• Subcommittee on Economic Competitiveness
Chris Camacho, President and CEO, Greater Phoenix Economic Council and
Mike Graff, Chairman/CEO, American Air Liquide Holdings Inc.
• Subcommittee on Workforce
Tom Dustman, International Sales Director, Sunnen Products Company
• Subcommittee on Strategic Communications Strategic Communications
Signe Pringle, Assistant Secretary, Maryland Department of Commerce
V. Discussion with IAC
Led by Diane Farrell, Acting Under Secretary for International Trade
VI. Closing Remarks
Diane Farrell, Acting Under Secretary for International Trade
VII. Meeting Concludes
U.S. INVESTMENT ADVISORY COMMITTEE MEETING
Thursday, September 10, 2020 10:00 AM – 11:30 AM
Virtual Teams Meeting
I. Welcome and Roll call – 5 Minutes
Chair Mark Beariault and Vice Chair Jennifer Springer
II. Welcome and Remarks – 10 Minutes
Ian Steff, Assistant Secretary of Global Markets and Director General of the U.S. and Foreign Commercial
Service
III. Remarks by Secretary Ross – 15 Minutes
Wilbur Ross, Secretary of Commerce
IV. Opening Remarks – 5 Minutes
Greg Kalbaugh, Executive Director, SelectUSA
V. Review of Agenda and Introduction of Workforce Subcommittee Report – 5 Minutes
Jennifer Springer
VI. Workforce Development Presentation and Discussion – 15 Minutes
Tom Dustman – International Sales Director, Sunnen Products
Jim Schellinger – Secretary of Commerce, State of Indiana
VII. Introduction of Strategic Communications Subcommittee Report
Mark Beariault
VIII. Strategic Communications Presentation and Discussion – 15 Minutes
Signe Pringle – Assistant Secretary, Maryland Department of Commerce
David Steel – Executive Vice President, Corporate Affairs, Samsung Electronics America
IX. Introduction of Economic Competitiveness Subcommittee and Discussion
X. Economic Competitiveness Presentation and Discussion – 15 Minutes
Chris Camacho – President and CEO, Greater Phoenix Economic Council
Mike Graff – Chairman and CEO, American Air Liquide Holdings, Inc.
XI. Conclusion of Discussion with Questions and Answers – 15 Minutes
IAC Chair Mark Beariault and Vice Chair Jennifer Springer
XII. Adjournment – 5 Minutes
Chair Mark Beariault
XIII. Meeting concludes
U.S. INVESTMENT ADVISORY COMMITTEE MEETING
Tuesday, September 17, 2019 8:00 AM – 11:00 AM
Eisenhower Executive Office Building, Room 430
The White House
I. Welcome – 5 Minutes
Chair Mark Beariault and Vice Chair Jennifer Springer
Facilitated by Brian Lenihan, Executive Director, SelectUSA
II. Welcome and Remarks – 10 Minutes
Wilbur Ross, Secretary of Commerce
III. Introduction and Opening Remarks – 10 Minutes
Gil Kaplan, Under Secretary for International Trade
IV. Workforce Topic Introduction and Presentation – 10 Minutes
Dave Langdon, Sr. Policy Advisor, U.S. Department of Commerce
Workforce Discussion – 20 Minutes
Brian Lenihan, Facilitator
V. Regulatory and Tax Issues Introduction and Presentation – 10 Minutes
Brian Lenihan, Executive Director, SelectUSA
Regulatory and Tax Issues Discussion – 20 Minutes
Brian Lenihan, Facilitator
VI. Economic Competitiveness Introduction and Presentation – 15 Minutes
Liz Schaefer, Director of Investment Research, SelectUSA
Economic Competitiveness Discussion – 20 Minutes
Brian Lenihan, Facilitator
VII. Strategic Communications Introduction and Presentation – 10 Minutes
David Steel, Executive Vice President, Samsung
Strategic Communications Discussion – 15 Minutes
Brian Lenihan, Facilitator
VIII. Remarks and Discussion with Deputy Secretary – 10 Minutes
Karen Dunn Kelley, Deputy Secretary of Commerce
IX. Conclusion of Discussion with Questions and Answers – 15 Minutes
IAC Chair Mark Beariault and Vice Chair Jennifer Springer
Brian Lenihan, Facilitator
X. Adjournment – 5 Minutes
Chair Mark Beariault
XI. Meeting concludes – 11:00 AM
U.S. INVESTMENT ADVISORY COMMITTEE MEETING
Tuesday March 20, 2018
11:30 AM – 1:30 PM
Department of Commerce| Washington, DC
I. Welcome
Chair Jane Garvey
II. Opening Remarks
Erin Walsh, Assistant Secretary for Global Markets and Director General of the Commercial
Service, U.S. Department of Commerce
III. Deliberation of Recommendation Letter & Next Steps
Lead by Chair Jane Garvey
IV. Closing Remarks
The Honorable Secretary Wilbur Ross, U.S. Department of Commerce
V. Adjournment
Chair Jane Garvey
DOCUMENTS
U.S. INVESTMENT ADVISORY COUNCIL MEETING
Thursday, May 11, 2017 | 9:30 – 11:30 AM
Department of Commerce| Washington, DC
I. Welcome
Chair Jane Garvey and Vice Chair Catherine Smith
II. Opening Remarks
The Honorable Secretary Wilbur Ross, U.S. Department of Commerce
III. A Perspective from the White House
Jeremy Katz, Deputy Assistant to the President and Deputy Director of the National
Economic Council, The White House
IV. Discussion of Priorities, Deliberation of Recommendation Letter,
& Next Steps
Lead by Chair Jane Garvey and Vice Chair Catherine Smith
V. Closing Remarks
Fred Volcansek, Executive Director of SelectUSA, U.S. Department of Commerce
VI. Adjournment
Chair Jane Garvey
DOCUMENTS
U.S. INVESTMENT ADVISORY COUNCIL MEETING
Monday, October 31, 2016 | 1:30 – 3:30 PM
Department of Commerce| Washington, DC
I. Welcome
Chair Jane Garvey and Vice Chair Catherine Smith
II. Opening Remarks
The Honorable Deputy Secretary Bruce Andrews, U.S. Department of Commerce
III. Deliberation of Recommendations
Chair Jane Garvey and Vice Chair Catherine Smith
- Workforce Development Subcommittee, Jeffrey Wilson, Subcommittee Chair
- Investment Ecosystem Subcommittee, Mani Iyer, Subcommittee Member
- Investment Competitiveness Subcommittee, Eric Spiegel, Subcommittee Chair
- Infrastructure Investment Subcommittee, Peter Lowy, Subcommittee Chair
IV. Reflections and Looking Ahead to 2017
Jason Miller, Special Assistant to the President and
Deputy Director of the National Economic Council, The White House
Ambassador Vinai Thummalapally, Executive Director of SelectUSA,
U.S. Department of Commerce
V. Council Priorities & Next Steps
Chair Jane Garvey and Vice Chair Catherine Smith
VI. Closing Remarks
Ken Hyatt, Acting Under Secretary for International Trade Administration, U.S.
Department of Commerce
VII. Adjournment
Chair Jane Garvey
DOCUMENTS
- October 2016 IAC Meeting Agenda
- Federal Register Notice
- IAC Meeting Transcript October 2016
- Infrastructure Investments Letter of Recommendation
- Investment Ecosystem Letter of Recommendation
- Investment Competitiveness Letter of Recommendation
- Workforce Alignment Letter of Recommendation
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U.S. INVESTMENT ADVISORY COUNCIL MEETING
Tuesday, June 21, 2016 | 9:15 AM – 11:30 AM | EEOB 350
I. Welcome
Chair Jane Garvey and Vice Chair Catherine Smith
II. Opening Remarks
The Honorable Secretary Penny Pritzker,
U.S. Department of Commerce
III. Introductory Remarks
Jeff Zients, Director of the National Economic Council and Assistant
to the President for Economic Policy
IV. Administration Priorities for Foreign Direct Investment
The Honorable Deputy Secretary Bruce Andrews,
U.S. Department of Commerce
V. U.S. Government Briefings
Ambassador Vinai Thummalapally, Executive Director of SelectUSA
U.S. Department of Commerce
VI. Next Steps
Chair Jane Garvey and Vice Chair Catherine Smith
VII. Closing Remarks
Marcus Jadotte, Assistant Secretary for Industry & Analysis, U.S.
Department of Commerce
VIII. Adjournment
Chair Jane Garvey and Vice Chair Catherine Smith