CFO Survey

The Inbound Investment Survey provides keen insights from chief financial officers (CFOs) of globally-headquartered companies on the health of the U.S. business climate for inbound investment.  These executives, who are responsible for evaluating the strength of our economy and determining when and where to invest their company’s resources, offer a unique perspective on U.S. competitiveness.


According to the June 2017 survey, four-in-ten inbound chief financial officers (CFOs) now believe the “U.S. business climate for foreign-based companies” is “getting worse,” and only one-third expect to increase their U.S. employment in the next six months. 

Since the release of the 2016 survey, the Treasury Department under President Obama issued regulations (Sec. 385) that will raise the cost of capital on inbound investors and impose costly compliance burdens. 

More than 75 percent of CFOs say “trade agreements such as NAFTA, make the U.S. economy more attractive for inbound investment.”  Among companies that manufacture in the United States, that percentage is more than 80 percent. 

Barely one-third of CFOs expect their “company’s U.S. employment level” to increase in the next six months. 

About one-quarter of CFOs of exporting companies expect to increase their level of U.S. exports in the next 12 months.

Overwhelmingly, CFOs think policymakers should focus on “modernizing the U.S. corporate tax code to make it more globally competitive” as their top policy priority.  


About the Survey
The CFO Inbound Investment Survey was distributed to approximately 200 CFOs of U.S. subsidiaries of foreign companies in May 2017.  Surveys were due by June 9.  OFII received 60 complete responses and the results presented are based on these responses only.