June 30, 2011

OFII Members Praise President Obama’s Open Investment Initiatives in Letter to White House

Washington, DC- Today, OFII sent a letter signed by 52 of the largest global companies with significant U.S. operations to President Obama commending him for his recent open investment policy statement and efforts to promote global investment in the United States; evidence of how important the open investment statment is to this slice of the business community.

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The Organization for International Investment (OFII) is a business association representing U.S. subsidiaries of global companies. U.S. subsidiaries employ more than five million American workers, support over $408 billion in annual U.S. payroll, account for 13 percent of total U.S. manufacturing jobs, and reinvested an annual $93.1 billion back into their U.S. operations. For additional information, see OFII’s web site at www.ofii.org.

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