President Obama said Monday he’ll direct the federal government to reform visa categories in order to attract more foreign workers.
During a speech to the SelectUSA summit held at National Harbor in suburban Washington, Mr. Obama said the nation’s economy is rebounding and the U.S. is the No. 1 place international companies should look to invest.
“America is proudly open for business,” the president said. “I hope you take full advantage of the opportunities that are.”
The White House says U.S. Citizenship and Immigration Services will “clarify” the processes for getting L-1B visas, which allow international companies to temporarily send employees to live and work in the U.S. The president said the steps will make it more appealing for international firms to establish a presence in America or to expand existing business here.
The SelectUSA initiative, established by Mr. Obama in 2011, is a government clearinghouse that highlights business opportunities in the U.S. and aims to attract foreign investment.
In his address, Mr. Obama said his administration is committed to SelectUSA “for the long haul.”
The White House on Monday also announced technical improvements to the SelectUSA site, such as new data tools making it easier for companies to “identify regional concentrations of specific industries.”