Obama to use government to increase investment in business

President Barack Obama started a program to increase investment in U.S. businesses, according to an executive order signed June 15.

The SelectUSA Initiative will use the government to encourage investment in U.S. companies to create jobs and promote the nation's competitiveness in business.

Obama directed federal agencies to coordinate their efforts. Agencies will talk about federal programs and incentives available to investors doing business with U.S. companies. Obama also wants agencies on the SelectUSA working group to be ombudsmen in solving problems involving federal programs or activities related to pending investments.

Read Obama’s executive order.

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

Featured

  • Cybersecurity

    DHS floats 'collective defense' model for cybersecurity

    Homeland Security Secretary Kirstjen Nielsen wants her department to have a more direct role in defending the private sector and critical infrastructure entities from cyberthreats.

  • Defense
    Defense Secretary James Mattis testifies at an April 12 hearing of the House Armed Services Committee.

    Mattis: Cloud deal not tailored for Amazon

    On Capitol Hill, Defense Secretary Jim Mattis sought to quell "rumors" that the Pentagon's planned single-award cloud acquisition was designed with Amazon Web Services in mind.

  • Census
    shutterstock image

    2020 Census to include citizenship question

    The Department of Commerce is breaking with recent practice and restoring a question about respondent citizenship last used in 1950, despite being urged not to by former Census directors and outside experts.

Stay Connected

FCW Update

Sign up for our newsletter.

I agree to this site's Privacy Policy.