Reshoring Initiative’s President Named as Investment Advisory Council Member

The U.S. Department of Commerce has named Harry Moser, founder and president of the Reshoring Initiative, as a member of its new Investment Advisory Council. The Council will advise the Secretary of Commerce on how government policies and programs affect the United States’ ability to attract and facilitate business investment.

The Commerce Department’s SelectUSA has been highly successful in attracting foreign direct investment (FDI) to the U.S. SelectUSA is now also responsible for reshoring by U.S. companies. The Reshoring Initiative tracks and drives both trends which brought 145,000 manufacturing jobs to the U.S. in 2018 and 757,000 since 2010.

Consistent use of the Total Cost of Ownership Estimator and the Import Substitution Program by companies and the Competitiveness Toolkit by the government would double or triple the size of the trends. The TCO Estimator helps companies “recognize” the benefit of producing in the U.S. for the U.S. market.

 

Moser is excited for the opportunity, and, along with the Reshoring Initiative and the Investment Advisory Council, looks forward to sharing information and resources to continue accelerating reshoring and further develop, adapt and expand policies so U.S. and international businesses can grow, succeed and create jobs.