USA’s best to exhibit at Annual Investment Meeting (AIM) 2017

With its highly developed marketplace, already-wealthy population and global safe haven status, the USA is a perfect destination for foreign direct investments (FDI). To keep up its leading position, four select cities of USA including Virginia, Ohio (Columbus), Missouri and Los Angeles, alongside with SelectUSA Program will participate at the Annual Investment Meeting (AIM) which will be held in Dubai from 2nd - 4th April 2017 at the Dubai International Convention and Exhibition Centre.

Virginia offers a pro-business climate and a solid foundation for global companies. The state offers easy access to domestic and global markets, exceptional infrastructure, strong education system, stable and competitive operating costs and talented and educated workforce. There are more than 700 internationally owned companies located in Virginia, including Canon, Stihl and Rolls-Royce.

In addition, Ohio’s (Columbus) economic synergy is witnessing the strongest decade of economic growth in its history. The growth has been fueled by the execution of the Columbus 2020 Regional Growth Strategy, which aims to generate $ 8 billion of capital investment, raise personal per capita income by 30 per cent, add 150,000 new jobs and be recognised as a leader in economic development.

Missouri in the USA is also witnessing an upsurge. The state has over 216 total projects, $ 3.22 billion investments and 13,338 new jobs. Missouri is one of the leading states in the US in terms of tax index, it ranked 7th best unemployment insurance tax index, 7th best property tax index, 5th best corporate income tax index. Also, Missouri is one of only two states in the US that has single factor tax formula plus an annual choice, and the state has no inventory tax whatsoever.

Furthermore, Los Angeles, which ranks as the number one region for international investment is home to some of the best brands, education and workforce. The city has a variety of incentive programs available to both small and large businesses and is simply the best place to conduct international trade, with Customs District trade values in excess of $400 billion.

SelectUSA program is the official U.S. government program responsible for promoting inward investment into the United States. The program supports foreign investors and U.S. economic development organizations with information, counselling, and advocacy services. The value of research and development (R & D) spending by US affiliates of majority foreign owned firms is $ 57 billion as on 2014, according to the bureau of economic analysis. SelectUSA will take part at AIM 2017 to enhance the growth of FDI in the US.

“It’s a great honour to have these four states of USA participate at the Annual Investment Meeting (AIM). With growing trade and logistics, good quality of life, access to capital, strong stock market and a variety of incentive programs, USA is a great location for investors. The country has been a leader in varied sectors and is only reinforcing its position on the global map with new advancements and inventions,” said Dawood Al Shezawi, CEO, AIM’s Organising Committee.

Held under the theme ‘International Investment, Path to Competitiveness & Development’, this year’s edition of AIM will discuss economic development opportunities and counter challenges. The international forum will be host to 140 countries and 150,000 attendees. In addition, AIM will host 100 high-level officials, 500 exhibitors and more than 100 media partners.