• Bloomberg: McLernon: Focus on U.S. Tax Code Fix, Not Inversions
    President & CEO Discusses How Treasury's Regulations Could Chill FDI
  • Europe Groups Fear Being Caught in US Tax Crackdown
    Multinationals Hope To Prevent Becoming Unintended Targets Of Anti-Inversion Legislation
  • Red Tape and Retroactively Raising Taxes Won’t Create Jobs
    Thoughts On The Proposed Corporate Inverters Earnings Stripping Reform Act
  • ‘Inversion Fixes’ Must Not Threaten Foreign Investment
    OFII Applauds Secretary Lew For Recognizing The Importance Of FDI
  • The Hill: US Tax System Is A Global Punchline
    Nancy McLernon Cautions Policymakers Against Legislation That Would Inadvertently Hurt FDI
  • WSJ: Firms Warn Inversion Crackdown Carries Risks
    Foreign-Owned Companies Cite Possible Cuts in US Jobs, Investment

Insourcing Millions of American Jobs

Latest FDI Trends & Statistics

JOBS BY STATE
Global companies employ over 5.6 million Americans.

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    Thomson Reuters gets $2.4M grant from MEDC, plans to hire 300

    Michigan: Michigan Live 

    Thomson Reuters plans to add at least 300 employees to its local operations over the next five years. The company was awarded $2.4 million from the Michigan Economic Development Corporation to help support local job creation in its Ann Arbor facility.

    Read the full article HERE

    ABB wins $55 million order in UAE to help integrate solar power into the grid

    ABB 

    ABB has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA) in United Arab Emirates to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park. The solar power plant is scheduled to commence generation by 2017. ABB will be responsible for the design, installation, commissioning and start-up of the plant.

    Read the full article HERE

    AkzoNobel to strengthen presence in the mass market segment

    The Economic Times 

    AkzoNobel is looking to strengthen its presence in the mass market segment by working on its product portfolio. The company will also be focusing on the Indian market. AkzoNobel Managing Director Decorative Paints South East and South Asia Jeremy Rowe said, “India is an important and priority market. Because of the population and how often people paint, it is a significant market […].” 

    SAP's new $2 million grant means 375 local jobs

    Pennsylvania: Philedelphia Business Journal 

    SAP America recently received a $2 million Economic Growth and Initiative grant from Pennsylvania to upgrade its data center. The company hopes to create, support, and retain more than 375 local jobs. 

    Read the full article HERE

    Press Releases

    POTUS Backdrop Brought to You by Insourcing

    Insourcing companies – like Toyota – have helped America’s manufacturing comeback

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in conjunction with President Obama’s visit to Millennium Steel as part of Manufacturing Day:

    Red Tape and Retroactively Raising Taxes Won’t Create Jobs

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to Senator Charles Schumer’s introduction of the Corporate Inverters Earnings Stripping Reform Act, intended to curb corporate expatriations:

    ‘Inversion Fixes’ Must Not Threaten Foreign Investment

    OFII applauds Secretary Lew for recognizing the importance of foreign investment

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to U.S. Secretary of Treasury Jack Lew’s comments this morning regarding efforts to curb corporate expatriations:                               

    So-Called ‘Inversion’ Fixes Threaten Foreign Investment

    OFII urges caution in efforts to limit corporate inversions so that historic foreign companies are not inadvertently impacted

    WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement after sending comments to the Senate Finance Committee regarding legislation intended to curb corporate expatriations:

    In the News

    AkzoNobel to strengthen presence in the mass market segment

    The Economic Times 

    AkzoNobel is looking to strengthen its presence in the mass market segment by working on its product portfolio. The company will also be focusing on the Indian market. AkzoNobel Managing Director Decorative Paints South East and South Asia Jeremy Rowe said, “India is an important and priority market. Because of the population and how often people paint, it is a significant market […].” 

    ABB wins $55 million order in UAE to help integrate solar power into the grid

    ABB 

    ABB has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA) in United Arab Emirates to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park. The solar power plant is scheduled to commence generation by 2017. ABB will be responsible for the design, installation, commissioning and start-up of the plant.

    Read the full article HERE

    Thomson Reuters gets $2.4M grant from MEDC, plans to hire 300

    Michigan: Michigan Live 

    Thomson Reuters plans to add at least 300 employees to its local operations over the next five years. The company was awarded $2.4 million from the Michigan Economic Development Corporation to help support local job creation in its Ann Arbor facility.

    Read the full article HERE

    E-Newsletter

    A Week of Trade and Investment

    While Washington is focused on competitive elections, I wanted to remind you of how important trade is to keeping America competitive in the global race for job creation.

    The Fall Rush Is Here

    The past two days have been important ones as OFII held its annual General Counsel Conference here in Washington.  Chief legal officers of U.S.

    The 'Inversion' Diversion

    The recent spate of so-called corporate “inversions” – where an American company relocates its global headquarters to another country through a purchase of a foreign company – is the latest political diversion from policies that will make America more economically competitive.  Ostensibly, these inversion deals are undertaken to lower a company’s tax burden.  However, Washington’s response to-date will not only have little impact on such transactions,