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Acting U.S. Commerce Secretary Tours Thomas Steel Strip
08/26/2011 - Acting U.S. Commerce Secretary Rebecca Blank traveled to Thomas Steel Strip to tour the plant and discuss the importance of foreign direct investment such as Tata Steel’s investment in Thomas Steel Strip.
Acting U.S. Commerce Secretary Rebecca Blank traveled to Warren, Ohio, this week to tour Thomas Steel Strip and discuss the importance of foreign direct investment such as Tata Steel’s investment in Thomas Steel Strip.
After the tour, Blank discussed the importance of strengthening education, infrastructure and innovation capacity as ways to rebuild the country’s economic foundation, create jobs and enhance global competitiveness. She also highlighted steps the administration has already taken to achieve these priorities, from investing in community colleges and funding transportation projects across the country, to launching the President’s National Export Initiative and pushing to shorten the time it takes to approve a patent.
Blank also discussed the significance of foreign direct investment, noting that the U.S. must continue to attract foreign investments to help strengthen economic growth and job creation. In support of foreign direct investment, which currently supports more than five million American jobs, a new government-wide initiative – SelectUSA – has been introduced to help cut federal red tape for domestic and foreign investors, remove barriers to new investment, and boost business growth in the United States.
Blank also discussed the significance of foreign direct investment, noting that the U.S. must continue to attract foreign investments to help strengthen economic growth and job creation. In support of foreign direct investment, which currently supports more than five million American jobs, a new government-wide initiative – SelectUSA – has been introduced to help cut federal red tape for domestic and foreign investors, remove barriers to new investment, and boost business growth in the United States.
“In order to create all the jobs we need, we have to attract more businesses to our shores and do more to keep great U.S. firms here,” said Blank. “That’s why SelectUSA was created. It’s the first government-wide initiative to attract and retain new business investment – investment such as Tata Steel – and the jobs that come with it, in the United States. SelectUSA is vital to help more businesses grow and create long-lasting economic value in the U.S.”
SelectUSA was created by Executive Order in direct response to concerns expressed by the business community to the Obama administration. In addition to its work removing federal-level barriers to foreign investment, SelectUSA also brings together information on federal programs and services available to companies looking to invest in the United States, supported by a comprehensive website at www.SelectUSA.gov. The website provides snapshots of the competitive landscape in major U.S. industries and a direct line to state and local economic development agencies.
Thomas Steel Strip Corp., a member of the Tata Steel Europe Group, manufactures cold-rolled strips usually used as steel casings for batteries. Thomas Steel employs more than 250 people.
