US Ambassador to Greece Geoffrey Pyatt on Thursday expressed his contentment with the successful participation of Greek companies in the 2019 SelectUSA Investment Summit, held on June 10-12 in Washington, D.C.
Pyatt led a delegation 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.
The participation of Greek companies in the 2019 SelectUSA summit was facilitated by the presence of Greek Alternate Minister of Finance George Chouliarakis.
“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,” said 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 reached 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 participated 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 world, 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.
Learn more about the SelectUSA Investment Summit at www.selectusasummit.us. For more on the programme, visit selectusa.gov and follow us @SelectUSA.
at Atlantic Council:
US committed to
alliance with Greece
The United States is fully committed to its alliance with Greece and to the East Mediterranean, US Ambassador to Greece Geoffrey Pyatt said on Tuesday, in remarks at the Atlantic Council think-tank.
Pyatt was responding to questions about American willingness to intervene to prevent a possible crisis in the region, especially between Greece and Turkey.
He noted however the need to keep communication channels open between the two countries, and commended Greece for responding to Turkey’s provocations responsibly. Athens, he said, has committed to keeping communication with Ankara open through confidence-building measures.
The ambassador is joining the Greek Investment Roadshow, which is scheduled to travel next to New York (for the 8th Greek Investment Forum) and San Francisco.