Fred Volcansek on Foreign Direct Investment
Fred W. Volcansek, Sr., the Executive Director of the U.S. Department of Commerce's SelectUSA program, discusses how foreign direct investment contributes to the U.S. economy and how SelectUSA helps businesses of all sizes. For the fifth year in a row, global business executives named the United States as the top destination for business investment, according to A.T. Kearney’s Foreign Direct Investment (FDI) Confidence Index. Foreign-owned businesses spent $57 billion on research & development (R&D) in the United States in 2014 alone.