US Ambassador Pyatt leads Greek executives to USA investor summit

Greece’s Alternate Minister of Finance, George Chouliarakis joined a delegation of Greek company executives led by US Ambassador to Greece Geoffrey Pyatt in the 2019 SelectUSA Investment Summit, held on June 10-12 in Washington, D.C, greekcitytimes.com reports.

On Thursday Pyatt expressed his satisfaction over the successful participation of Greek firms, which compromised of 28 representatives sent by 15 Greek companies active in the biotechnology, advanced manufacturing, agro-food, digital technology, and consulting services sectors to the highest-level investment promotion event in the United States, connecting international companies with U.S. economic development organisations to explore business investment opportunities.

“Investing in the United States is a great growth strategy for any Greek company, and as the Greek economy rebounds, I’m happy to see such great interest,” noted Ambassador Pyatt.

 “Greece had one of the largest delegations relative to its size and its biggest delegation ever this year, and I was proud to bring them to the U.S. with Minister Chouliarakis to find opportunities and contribute to the U.S.-Greece economic relationship.”

Total investment from Greece to the United States rose to 1.0 billion US dollars at the end of 2017, with 2,700 U.S. jobs directly supported. Greece also ranked as the fastest-growing source of foreign direct investment in the United States in 2017.

This is the first year that startups have taken part in the Greek delegation, with a total of our taking part, including one that participated in this year’s U.S. Embassy-supported Greek delegation to the South by Southwest entrepreneurship festival in Austin, Texas. Past SelectUSA participants from Greece have announced investment projects budgeted at 7.8 million US dollars.

SelectUSA’s mission is to facilitate job-creating business investment into the United States and raise awareness of the critical role that foreign direct investment plays in the U.S. economy. The United States is the top destination for foreign direct investment in the planet, with total stock at more than 4.0 trillion US dollars at the end of 2017. SelectUSA helps U.S. economic development organisations and companies of all sizes find relevant information, make critical connections, and successfully navigate the path to business investment. Past Investment Summit participants have announced 103.6 billion US dollars in new investment projects within five years of attending an Investment Summit, creating more than 167,000 U.S. jobs.

To learn more about the SelectUSA Investment Summit visit: www.selectusasummit.us

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