The U.S. Government Role in FDI Attraction. SelectUSA.gov

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1 The U.S. Government Role in FDI Attraction SelectUSA.gov

2 U.S. FDI Trends Industry breakdown of total U.S. FDI stock ($2.3 trillion) Food Professiona 3% l &Technical Other services 2% 22% Manufacturing 34% Other manufacturing Chemicals 26% 31% Real Estate 2% Finance and Insurance 13% Depository Wholesale trade 14% Transportation equipment Primary fabricated metals 6% Institutions 5% Information 6% Retail trade 2% 12% Machinery 12% Electrical equipment 3% Source: Bureau of Economic Analysis Computers, electronics 7%

3 FDI and the U.S. Economy.gov Top 10 FDI Growth Sectors in the United States (Compound annual growth rate in FDI position between 2005 and 2010 and dollars in Primary and Fabricated Metals 2010 on a historical cost basis) 13.54% Total Stock in 2010 $ billion Computers and Electronic Products Electrical equipment, appliances, and components Machinery Finance and Insurance Other Manufacturing Professional, Scientific, and Technical Services Information Other Industries Chemicals 12.64% 11.7% 11.32% 10.7% 10.49% 9% 8.82% 7.26% 7.22% Source: Bureau of Economic Analysis $56.76 billion $ billion $ billion $ billion $ billion $ billion $ billion $ billion $ billion

4 Innovation and Entrepreneurship More Nobel prize winners completed their winning research in the U.S. than in all other countries combined. In Other U.S. 41.2% 41.2% of all R&D in developed countries took place in the United States The U.S. received more patent applications (456,106) than any other country, more than half were from non-residents. China: 314,573 Euro. Patent Office: 134,580 Japan: 348,596 U.S. researchers published over 270,000 articles, more than anywhere else in the world. Sources: OECD, WIPO

5 Taiwan FDI in the U.S. Source: fdi Markets SelectUSA.gov 5

6 Taiwan FDI in the U.S. #26 $6.0 billion 13,000 $34.0 billion Investor in the United States, by Stock FDI from immediate foreign parent (2010) Size of Taiwan FDI stock in the U.S., 2010 Number of U.S.-based employees of Taiwanese firms, 2009 (most recent available) Value of assets owned by Taiwan affiliates in the U.S., 2009 (most recent available) Source: U.S. Bureau of Economic Analysis SelectUSA.gov 6

7 Taiwan FDI in the United States Recent Greenfield Announcements September 2011 Formosa Plastics Corporation USA, a subsidiary of Formosa Plastics Group Taiwan, has opened a power plant at Point Comfort, Texas. The facility will generate 300 megawatts of power and will supply electricity to the company s Texas manufacturing complex. July 2011 Chunghwa Telecom Global, a subsidiary of Chunghwa Telecom Taiwan, a telecommunication provider, opened a new office in Los Angeles, California. The new office will serve as a hub for local market expansion and service support for many small businesses and global enterprises in that region. March 2011 WPG Americas, a subsidiary of WPG Holdings Taiwan, is investing $1.5 million in Southaven, Mississippi. The company is relocating its distribution operations and will be creating 60 jobs. December 2010 High Tech Computer (HTC) has opened a new Research and Development office in Durham, North Carolina and created about 45 jobs. Source: fdi Markets SelectUSA.gov 7

8 About SelectUSA SelectUSA was created by the Executive Order of the President of the United States in June The Executive Order outlines: 1. The Administration s policy on business investment 2. The establishment and functions of the SelectUSA initiative SelectUSA.gov 8

9 Our Role Our mission is to encourage, facilitate, and accelerate business investment to create jobs, spur economic growth, and promote American competitiveness Geographically neutral in the United States Engage in international and domestic business investment What we do: 1. Facilitate Business Inquiries 2. Act as Ombudsman and Advocate 3. Connect Investors with State/Local EDOs SelectUSA.gov 9

10 Solar Instructor Training Network

11 Direct Cash Incentives fro Solar Projects

12 Top 10 States Ranked by Grid-Connected PV Capacity Installed in 2010

13 2012 EL Paso Electric Large Commercial Solutions Program

14 El Paso Electric Solar PV Pilot Program El Paso Electric and the City of El Paso have made available $1,150,000 in incentives for 2012 in support of customers who install solar PV systems meeting Program eligibility criteria for system interconnection and expected performance. The 2012 program will begin accepting new applications for funding at noon on November 1, The current incentive levels are: - $2.00 per DC watt for residential projects with a maximum incentive of $20,000 - $1.75 per DC watt for non-residential projects with a maximum incentive of $87,500

15 Thank You Trade Specialist Commercial Specialist American Institute of Taiwan (AIT) Tel: , ext Christopher Clement Manager, Global Business Attraction SelectUSA (Washington, DC) Tel: SelectUSA.gov 15