OFII Praises Administration's Efforts to Address Sec. 385 Regs

WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement in response to President Trump signing an executive order directing the Treasury Department to review recently issued tax regulations, such as those issued under Section 385: 

Opposition to NY ‘Buy American’ proposal mounts

ALBANY – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), today sent a letter to Governor Andrew Cuomo, Majority Leader John Flanagan and Speaker Carl Heastie outlining the growing concerns of NY employers regarding the harmful effects that proposed “Buy American” policies will have on the Empire State. 

Broad Coalition of NY Taxpayers, Business Groups and Economic Developers Oppose Governor Cuomo’s ‘Buy American’ Proposal

ALBANY – A broad coalition of 30 organizations representing New York employers, taxpayers and economic developers today sent a letter to Governor Cuomo and state legislators warning against the detrimental consequences of the governor’s “Buy American” proposal. This coalition – which includes MedTech, Unshackle Upstate, the Organization for International Investment and the Consumer Technology Association – represents employers that collectively employ more than a million New York workers. 

Statement from Nancy McLernon on Election Results

“The clear takeaway from last night’s election is that American voters – particularly those in MI, NC, OH, PA, and WI – want more good-paying manufacturing jobs.  Foreign direct investment supports millions of these good paying jobs, and as president-elect Trump and leaders in Congress begin to make America more competitive, the inbound business community looks forward to supporting their efforts.  Global investment provides the types of jobs that Americans need, and making the United States globally competitive must be our top priority.”

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