WASHINGTON (AP) -- President Barack Obama is hosting executives from 10 foreign and U.S.-based companies that have chosen to open new plants or relocate overseas operations in the United States. The gathering Tuesday is designed to illustrate growing interest in the United States by firms capable of creating high-paying jobs.
Obama is showcasing those investments during a congressional election year that finds the public still anxious about the economy and jobs.
White House advisers say an effort to streamline U.S. outreach to foreign companies has resulted in $18 billion in new business investments in the United States. They say the program, called SelectUSA, has helped nearly 500 businesses since October.
Obama is to announce he will hold a Spring 2015 SelectUSA summit with a goal of attracting 2,500 people from around the world.