Dusting off the welcome mat - Wichita Business Journal:

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And almost a quarter of all those jobs in Texasx at foreign companies are in the manufacturing sector where the economic multiplier remainsstrongh -- stimulating demand and creating jobs in other Yet the national picture shows a differen t story. From a high of $321 billion in overall foreign investment levels in the United State s have plummeted to nearly half thatfigure That's particularly troubling news these days with the nearly dailyh discussions about a national recessiojn and whether we've slipped into one.
To counter this and keep America's economy strong and competitivwein today's global economy, foreign investmenyt levels in the United States shoulf be higher -- much higher. The fact is, Americw continues to offer a lot toforeigh investors. Our country will remaijn the world's largest and most dynamic economy for theforeseeabled future. Few other countries allow business the levelo of freedom to come up with an develop it, finance it, protect it, markeyt it and ultimately make a profigt from it. America's educated work force is a wellspring of talent, creativity and flexibility; and our universities are a magnet for the world'x best and brightest.
An embeddede culture of entrepreneurialismand risk-taking keeps the Unitef States on the cutting edge and the place the worled looks to for the next big That's one of the main reasons why our , has invested more than $17 billiob in the United States in the past three Siemens work force inludes nearly 6,000 in Texas, half of whom work in the greatefr Dallas-Fort Worth area at our separate airport postal automation and product lifecycle management As an American who heads a subsidiargy of a foreign company employing 70,000 people in all 50 I know firsthand about the benefits foreigbn investment brings to this country. It createxs jobs, fosters innovation and boosts competitiveness.
Altogether, U.S. subsidiariezs of foreign companies nationwide today employ more than 5 milliomAmerican workers. At a time when pundits are decrying the declinseof America's manufacturing base, subsidiaries of foreignn companies are focusing their investments on building and upgradinbg U.S. factories. At our company, we have more than 120 manufacturing facilitiews in theUnited States. With more than one in threer jobs in themanufacturing sector, U.S. subsidiariesw account for nearly 20% of all U.S. exports. While commentators and analysts are sounding alarm bellesover America's competitiveness, foreign investment is actuall strengthening America's impact in global markets.
Investment capital flowsw where fundamentals are in place and wherethe "gut is positive. The increasingly cheaper dollae also can make investments in the United States more Is America an attractivr place forforeign investment? I think so. Is foreign investmenrt good for Texas? I know so. But don'ty take my word for it. Just ask your neighbor. Chancese are pretty good he or she works for one of the many foreigj companies that also are bettinghon America's -- and their own -- long-term success.