The Commerce Department insists that America is open for business. In 2007 it launched "Invest in America" to help attract foreign companies and calm those afraid of them. The 33-year-old Committee on Foreign Investment is refining its process for examining deals that might threaten security. But Mark O'Connell of consulting firm OCO Global describes the national strategy for foreign direct investment as "embryonic."
States are far more aggressive, courting foreign investors through trips abroad and incentives. California, New York and Texas have proved the biggest magnets, topping OCO Global's list of foreign investment in new facilities or expansions from 2003 to '07. But even Michigan, one of the rustier states, has seen a boost from foreign investors, ranking fourth.
Read Complete Story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment