SelectUSA 2016 Foreign Direct Investment Summit was attended by over 2400 delegates from over 70 countries. The Israeli delegation led by US Ambassador Daniel Shapiro, was one of the largest delegations to attend. The delegation of 30 executives from 20 Israeli companies included the CEOs of large industrial conglomerates, such as Chamber members Teva Pharmaceuticals, ICL Group, Caesarstone Ltd., Mobileye and Netafim to startup companies such as Woosh and Phinergy. All companies either already invested in the US and are looking to expand operations there, or are looking to establish presence and operations in the US. The Chamber assisted the US Embassy in the delegation set-up and was represented by CEO, Oded Rose.
The SelectUSA Summit provides the companies with a direct single point of contact to all state, local Economic Development Officers (EDOs) and counties. This assists them in making an informative decision based on their business requirements and outlines their specific advantages and incentive packages.
The US Administration puts a lot of effort into the SelectUSA Summit. President Obama addressed the delegates and six cabinet ministers led panel discussions attended by the CEOs of some of the world's leading companies. Teva's CEO, Mr. Erez Vigodman participated in a panel hosted by SelectUSA Chief, Secretary of Commerce, Penny Pritzker.