Swiss Executives Announce $3 Billion Investment in the United States During Meeting with Secretary Pritzker

The U.S.-Swiss diplomatic relationship dates back more than 160 years and currently, the U.S.-Swiss trading relationship totals nearly $100 billion annually. The total value of Swiss FDI in the U.S. has more than doubled between 2009 and 2013, growing from $65 billion to $140 billion, making Switzerland the 6th largest source. Additionally, Swiss investors are the top international source of R&D investment in the United States, spending nearly $9.4 billion in 2012. U.S. subsidiaries of Swiss firms employed over 472,200 U.S. workers in 2012, with an average annual salary of over $99,091. The apprenticeship model has become a major tool for developing a skilled workforce. Today’s meeting provided an opportunity for Swiss business leaders to share their experiences with apprenticeships and how that model can be expanded in the U.S. By partnering with Swiss companies to expand and start new registered apprenticeship programs, the pipeline of U.S. workers for in-demand jobs will be strengthened.

 

The investor delegation also covered the importance of SelectUSA, a government effort to attract, retain and expand business investment to and within the United States. SelectUSA leads the Interagency Investment Working Group to ensure investors, get the answers and assistance they need across the federal government. SelectUSA provides services to international investors of all sizes and U.S. state, regional and local economic development organizations (EDOs). The upcoming Summit will showcase investment opportunities from every corner of the United States, while high-profile business and government leaders share their insight on the latest business trends.