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NAM Representative states investment will improve competiveness.

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June 16, 2011 - In his statement on Commerce Secretary Locke's announcement of the creation of SelectUSA program, NAM VP for International Economic Affairs Frank Vargo said that "Manufacturers believe that the SelectUSA program will be a useful tool to encourage more foreign and domestic companies to investing in our country." He went on to say that investment will help spur economic recovery as well as innovation and job creation in manufacturing for American workers.

Manufacturers: Foreign and Domestic Investment Will Improve Competiveness

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National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004

Press release date: June 15, 2011

Investment is Essential to Economic Growth and Job Creation

Washington, D.C. - National Association of Manufacturers (NAM) Vice President for International Economic Affairs Frank Vargo issued this statement today on Commerce Secretary Locke's announcement of the creation of the SelectUSA program: "Ensuring United States the best country in the world to headquarter a company or to attract direct foreign investment is one of the main goals of our Manufacturing Strategy. Manufacturers believe that the SelectUSA program will be a useful tool to encourage more foreign and domestic companies to investing in our country.

Encouraging additional foreign and domestic investment will help boost the economic recovery, lead to better innovation and create quality manufacturing jobs for American workers. While the SelectUSA program is a good start to reducing obstacles for businesses, more still need to be done to ease the regulatory burden on large and small manufacturers which dampens job growth.

We look forward to working with the Administration to ensure SelectUSA is as effective as possible for manufacturers and in addition to policies which will improve manufacturers' global competitiveness."

-NAM- The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit
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