Moser Named as IAC Member
The U.S. Department of Commerce (Washington, DC) named Harry Moser, the founder and president of the Reshoring Initiative, as a member of their new Investment Advisory Council (IAC) that will advise the Secretary of Commerce on how government policies and programs affect the United States’ ability to attract and facilitate business investment. Commerce Secretary Wilbur Ross said, “The IAC will help further develop, adapt, and expand policies to help U.S. and international firms recognize there is no better place to do business, grow, succeed, and create jobs.”
The Commerce Department’s SelectUSA has been highly successful in attracting FDI (foreign direct investment) to the U.S. and 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 their Total Cost of Ownership Estimator® and Import Substitution Program by companies, along with 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 domestically for the U.S. market.
“I am honored to join this council of senior executives from the manufacturing and economic development sectors,” said Moser. “We have been developing and applying tools to accelerate reshoring and FDI for ten years. We look forward to sharing information and resources with the other council members and the Commerce Department leadership.”
