SelectUSA Investment Summit 2023
Ambassador Victoria Reggie Kennedy leads Austrian Companies to Washington
Be part of the Austrian Delegation to the 2023 SelectUSA Investment Summit from May 1-4, 2023 in National Harbor, Washington and boost your U.S. business growth!
On this page, you will find a quick description of resources available for companies in Austria considering investments in the United States and some suggestions for getting started.
Investing in the USA
Why Select USA?
- World’s Largest Economy
The United States is the world’s largest destination for foreign direct investment (FDI) and has the world’s third-largest population, with a gross domestic product of over $20 trillion and a population of more than 325 million people. It is also one of the richest economies in the world. The country’s per capita GDP of over $59,000 (source: Worldbank) leads all major developed economies.
- Competitive Business and Investment Climate
The United States consistently ranks at the top of most major indicators for its attractive business and investment climate.
- Commanding Consumer Market
With 325 million U.S. consumers and median household income of over $59,000 (2017), the U.S. market is highly diverse in consumer tastes, income, and national origin, and thus permits success in a wide variety of business models.
- Vast Internal Markets = Economies of Scale
The United States provides unique market opportunities, whether you are selling to a niche or have applications all along the supply chain.
- Center of Research and Innovation
The United States is the world’s center of innovation. In 2015, the value of research and development (R&D) spending by U.S. affiliates of majority foreign-owned firms amounted to $57 billion.
- World’s Top Universities
The U.S. is home to the world’s top universities, boasting all top 4 spots and five of the top 10. The U.S. also leads in access to technology derived from critical basic research performed at its universities.
- The Global Leader in Information Technology
U.S. markets are among the world’s most open to new products, ideas and innovations. That is why so many companies located in the United States are world leaders in their product classes.
- Protector of Intellectual Property
The United States has established the world’s leading Intellectual Property Rights (IPR) regime, with nearly a million patent and trademark applications received each year.
- Highly Educated and Productive Workforce
The U.S. economy is driven by a diverse, skilled, innovative, and mobile workforce. U.S. workers are among the most productive in the world, with an output per hour 30 percent above the OECD member country average. To ensure that workforce can meet and surpass the needs of a 21st century economy, the United States has prioritized collaborative mechanisms and continuous cooperation with public and private-sector organizations.
For more information about investing in the U.S. and/or the SelectUSA initiative, please visit www.trade.gov/selectusa-home or contact your SelectUSA Austria team at the U.S. Embassy in Vienna:
If your company is interested in investing in the United States, the U.S. Commercial Service can assist you: Invest in America (in German)
For information regarding business visas please visit http://travel.state.gov/visa/ for detailed information.