OFII Releases New Inbound Investment Survey
WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement after releasing the findings of OFII’s latest Inbound Investment Survey.
“This week’s SelectUSA Investment Summit serves as a powerful reminder of the benefits we get when a foreign-based company sets up shop in the United States. As President Trump and his administration look for ways to make the United States more competitive, our latest survey findings provide important insights on what will drive more companies to invest here. Modernizing our tax code and eliminating discriminatory regulations – like those issued by the Treasury Department last October – are two important ways we can keep the United States competitive.”
OFII represents more than 180 U.S. subsidiaries of foreign-headquartered companies, such as Michelin, Novo Nordisk, Toyota, and Panasonic. The Inbound Investment Survey provides keen insights from the CFOs of OFII’s member companies on the health of the U.S. business climate for inbound investment. These executives offer a unique perspective on U.S. competitiveness as they are responsible for evaluating the strength of our economy and determining when and where to invest their company’s resources.
According to the survey, four-in-ten inbound chief financial officers (CFOs) now believe the “U.S. business climate for foreign-based companies” is “getting worse,” and only one-third expect to increase their U.S. employment in the next six months.