1. Promoting Foreign Direct Investment
David McNeill Senior Commercial Officer
Commercial Service Athens
U.S. Embassy

2. Greek FDI in the U.S.
HelioSphera, a Greece-based solar manufacturer announced that it will construct a new $500m photovoltaics module factory in Philadelphia, Pennsylvania.
Work is scheduled to commence on the 160 megawatt production plant in 2011 and be at full capacity in The new plant is expected to created 400 new jobs.
October 2009: Intralot, which designs and develops hardware and software for lottery gaming systems, established a distribution operation in Deerfield Township, Ohio. The $14.5 million dollar operation will employ 60 staff.
April 2009: Commit, the Greek-based language services provider, has opened an office in San Diego, California.
Nonni’s Foods, a subsidiary of Vivartia, invested $27m to build a commercial bakery. The bakery opened in September 2009 and has created 172 jobs in Yadkinville, North Carolina. The company makes products such as biscotti, bagel and pita chips, flat breads and melba toast.
In May 2008 e-zy.net announced the opening of its newest Manufacturing and Distribution Center in Draper, near Salt Lake City, Utah. The new manufacturing and distribution site will manufacture and warehouse the entire e-zy.net product line. This $42.3 million dollar operation is expected to employ 513 workers.
Greek pharmaceutical group Alapis SA has established a new wholly owned subsidiary in the U.S. called Alapis Research Laboratories Inc to pursue research into pharmaceutical products. The new unit will be headquartered in Boston where it will develop its laboratory infrastructure.
Titan America will build a $113.7M new cement plant in New Hanover County, North Carolina creating 161 jobs. The firm is planning the new facility in the small town of Castle Hayne. As of January 2011, permits have been obtained to move forward on the operation.
In 2008 Fage USA opened its first stateside manufacturing facility in New York. The company has invested $130 million into the plant and employs 120.

3. U.S. Affiliates of Foreign Firms Generate 19% of U.S. Exports
FDI in the U.S. Economy
U.S. Affiliates of Foreign Firms Generate 19% of U.S. Exports
($204 billion in 2007)
5.5 million
$40 billion
$55 billion
$404 billion
Source: Department of Commerce, Bureau of Economic Analysis

4. Top 10 FDI Positions in the United States, 2009
U.S. FDI Trends
Top 10 FDI Positions in the United States, 2009
20%| $453.9b
9% | $218.1b
6% | $127.8b
10% | $225.8b
11% | $264.2b
10% | $238b
8% | $189.4b
8% | $189.3b
2% | $43.9b
2%|$45.7b
Note: Numbers denote percentage of the global investment position in the United States

5. 2009 European Investment Positions in the United States
European FDI in Perspective
Average Annual Growth Rate of European FDI Positions in the United States
2009 European Investment Positions in the United States
Source: BEA

6. Greek FDI in Perspective
Projects Announced
Source: fDi Markets

7. Industry Breakdown of FDI Position in the United States, 2009
FDI in the U.S. – Industry Perspective
Industry Breakdown of FDI Position in the United States, 2009
Source: Bureau of Economic Analysis

8. FDI in the U.S. – Industry Perspective
Top 10 FDI Growth Sectors in the United States (Compound annual growth rate in FDI position between 2005 and 2009 and dollars in 2009 on a historical cost basis)
Miscellaneous Store Retailers
94%
$6.991 billion
Educational Services
89%
$3.573 billion
Copper, nickel, lead and zinc ore
73%
$7.517 billion
Computers and Peripheral Equipment
73%
$ billion
Wired Telecommunications Carriers
69%
-$953 million
Beverage and Tobacco Products
66%
$ billion
Petroleum Refining (excluding oil/gas extraction)
57%
$6.556 billion
Communications Equipment
52%
$ billion
Other Services (excl. public sector and private households)
50%
$3.856 billion
Steel Products from Purchased Steel
42%
$5.613 billion
Source: Bureau of Economic Analysis

9. U.S. Food Processing Industry
$538 billion
1.5 million jobs
28,400 establishments
89% fewer than 100 workers
Sources: Bureau of Labor Statistics, Department of Commerce, Plunkett Research LTD

10. Recent Greek FDI into the Food Sector
$130 million
120 jobs
$27 million
172 jobs
Source: fDi Markets

11. Greek FDI in the United States
Recent Greenfield Investment Announcements in Other Industries:
December 2009: HelioSphera, a Greece-based solar manufacturer announced that it will construct a new $500m photovoltaics module factory in Philadelphia, Pennsylvania.
October 2009: Intralot, which designs and develops hardware and software for lottery gaming systems, established a distribution operation in Deerfield Township, Ohio. The $14.5 million dollar operation will employ 60 staff.
June 2008: e-zy.net announced the opening of its newest manufacturing and dstribution center in Draper, near Salt Lake City, Utah. This $42.3 million dollar operation is expected to employ 513 workers.
Source: fDi Markets 11

12. USA: A Great Return on Investment
Strategic Market & FTAs
(Population of U.S. and FTAs is 610 million; U.S. 42% of Global Consumer Goods Market) 1
Center for Entrepreneurship
(11.5% of Americans are Entrepreneurs)2
Strong Intellectual Property Right Protections
(51% of the Patents Granted in 2009 by the U.S. Patent Office Originated from a Foreign Country) 3
A Leader in Higher Education
(Seven of the Top Ten Universities in the World are in the U.S.) 4
Productive Workforce
(U.S. leads world in labor productivity per person; productivity gap between U.S. and most developed economies is growing) 5
Open to Cultures and Ideas
(U.S. has more Irish than Ireland, Filipinos than Manila, Chinese than Hangzhou* and Poles than Warsaw) 6
Free trade agreements = Access to a market of 610 million consumers
Overall economic climate
Equal treatment of businesses – domestic and overseas, alike.
Continued investments in infrastructure, education, research and development, and an overall legal framework to protect your intellectual property makes the US a stable and predictable growth market.
Companies invest in America because we represent the largest fully-developed single country economy in the world and because our labor pool is one of the best educated, most productive, and most innovative in the world. We are a global leader in science and technology and a center for innovation. We reward creativity and we safeguard it by a strong intellectual property rights protection and enforcement regime.
1. Office of the U.S. Trade Representative; Central Intelligence Agency – The World Factbook; and Credit Suisse survey; 2. Florida International University/University of Michigan study, 2005; 3. U.S. Patent and Trademark Office; 4. The Times Higher Education Supplement 2010 (U.K.); International Labor Organization Report; 6. U.S. Census Bureau, *Hangzhou city proper 12 12

13. #1 #2 #4 #5 The United States: An Attractive Business Climate
IESE Business School’s Venture Capital and Private Equity Index #2
AT Kearney’s 2010 FDI Confidence Index #4
World Economic Forum’s Global Competitiveness rankings #5
World Bank 2010 Ease of Doing Business Report 13

14. The United States: World Leader in Research & Development
In 2007, 41% of all R&D in developed countries took place in the U.S.
Other
Almost 50% of all researchers in the developed world work in the U.S.
More Nobel prize winners completed their winning research in the U.S. than in all other countries combined.
Sources: OECD, 14

15. Invest in America Created in 2007
Primary U.S. Government Mechanism to Manage Foreign Investment Promotion
What We Do:
Facilitate Investment Inquiries
Act as Ombudsman
Connect Investors with U.S. States
Provide Policy Guidance
Educate Investors

16. State and Local Federal
Invest in America
Single Point of Contact for Foreign Investors:
State and Local
Federal 16

17. Facilitating Business Inquiries
Invest in America provides actionable information to foreign firms to help them:
Incorporate a business in the U.S.
Understand basic U.S. tax and legal concepts
Learn about incentives available to businesses in the U.S.
Connect with U.S. state, city, or regional economic development offices to learn about investment opportunities
Apply for a business-related visa
Foreign investors can communicate with Invest in America staff by phone or in Washington, DC, or meet with members of the U.S. Foreign Commercial Service in almost 80 countries around the world.

18. Invest in America
Ombudsman for Foreign Investors:

19. U.S. Investment Promotion
Business Energy Tax Credit
Loan Guarantee Program
Wind and Hydropower Technologies Program
Updated Guide Available December 2010 at
Contact Invest in America with questions

20. Contact Information
David McNeill Senior Commercial Officer
U.S. Embassy Athens Tel:
Web: