September 6, 2017
I support the proposed transaction to be approved as this transaction will help grow the business of a local stock exchange and offer the resources needed to connect its businesses with global market. The connection will strengthen its competitiveness and secure high skilled jobs here at home.
The U.S. Department of Commerce released a report on June 20,2016 that highlights the impact of foreign direct investment (FDI) on the U.S. economy. America is the world's best investment destination, with a total FDI of $3.1 trillion at the end of 2015. Cities and towns across America benefit from the contributions that international firms make to their local economies and to our national economy. Every day, twelve million people go to work at jobs supported by foreign direct investment. Foreign investment makes America more prosperous, more innovative, and more competitive.
Our nation's ability to attract FDI has never been more important. In today's global economy, capital is more mobile than ever. Decades ago, states across America competed against each other for business. Today, the entire country is competing against the rest of the world. There is a global race for capital. We have to work hard to improve the investment climate across our nation. We should make it easy, rather than difficult, to invest in America.
President Trump is committed to creating a business-friendly environment across our nation. The support of SEC to the proposed transaction is just further proof that our nation welcomes global investment to strengthen our local economy and to ensure job creation.