President Obama Pushes for Multinational Companies to Invest in the United States

According to a news release on bizjournals.com, President Obama has announced that SelectUSA – a project aimed at attracting multinational companies to set up their businesses in the United States -will have its second summit next year. The goal is to have foreign companies who might choose to open new facilities or establish new operations anywhere to come to the United States to take advantage of a skilled labor force, low energy costs, and relatively simple exporting procedures. According to Jason Furman, chairman of President Obama’s Council of Economic Advisers, these so-called “Globally mobile investments” benefit the U.S. economy by creating jobs with above-average wages. However, these companies often need their executives and specially-trained workers to be able to come to the United States to ensure the proper establishment and operation of the company. In recent months, USCIS has scrutinized the transfer of employees of multinational companies into the United States more than in previous years, leaving many companies without authorization to move key employees and managers into their U.S. offices as needed.