2014-05-20T100723Z_1_CBREA4J0S4E00_RTROPTP_2_USA-OBAMA-BUSINESS

Obama to discuss U.S. investment with corporate executives

U.S. President Barack Obama speaks at the SelectUSA 2013 Investment Summit in WashingtonPresident Barack Obama will gather executives from several major international companies including Ford Motor Co and Deutshe Lufthansa AG on Tuesday to discuss a White House initiative to encourage investment in the United States. The White House says the program, SelectUSA, has assisted in winning more than $18 billion in business investments in 17 states and territories. Obama, Commerce Secretary Penny Pritzker and other economic advisers will join the executives in a discussion about their U.S. investments. “These businesses have recognized the many advantages of locating, growing and hiring in the United States,” said Jeff Zients, director of the White House National Economic Council, in a conference call with reporters on Monday.

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