Obama to use government to increase investment in business
- By Matthew Weigelt
- Jun 15, 2011
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.
Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.