Remarks from Deputy Chief of Mission David Burger at the SelectUSA recruiting event

Tuesday, April 12, 2022, 3:30 p.m.

As prepared

Kalispera sas. Thanks Yuri. Thank you all for participating in this year’s SelectUSA Recruitment webinar. I would like to express Ambassador Pyatt’s regret that he cannot be with us today.

It is a great pleasure for me to launch this event to help Greek companies explore investment opportunities in the United States.

I want to thank Enterprise Greece and especially Betty Alexandropoulou for joining and strongly supporting the SelectUSA recruitment program. Through our joint partnership last year, 43 delegates attended the 2021 Investment Summit, making Greece the 4and largest delegation in Europe and the 8th in the world.

Lampros Bisalas, CEO of Sunlight Systems, Aristeidis Zérvas, CFO of Kleemann, Dimitris Kolaitis, Business Development Manager of Hellenic Cables and Professor Evángelos Pappas, Founder and CEO of RTSafe – welcome and thank you for joining our webinar. I’m sure our attendees today will benefit greatly from the advice and stories you all have to share from your previous experiences attending the SelectUSA Investment Summit and the opportunities you discovered.

This year’s SelectUSA Investment Summit will take place in June and – I’m happy to say – 100% in person. The Summit welcomes participants from around the world looking to take advantage of the great opportunities the United States has to offer. Today’s introductory webinar serves as a central platform introducing Greek companies to investment opportunities in the United States that will maximize their business development and operational performance.

It is a platform that provides access to innovative ideas, highly skilled and highly skilled human capital, as well as the opportunity to be exposed to one of the most important financial markets, the most flexible and efficient in the world. It is a window into a robust and dynamic environment of incubators, accelerators and financiers open to new ideas, productive partnerships and business opportunities.

With a GDP of approximately $20 trillion and a population of approximately 332 million, the United States represents a unique opportunity for business expansion and targeted investment. And we’re open for business!

Since its inception, SelectUSA has facilitated over $105 billion in client-verified investment projects, supporting more than 138,000 jobs in the United States. Greece’s total investment in the United States reached $1.788 billion in 2020, with 3,700 jobs supported and $6 million spent on R&D. And this number will only increase.

Just one example: Hellenic Cables is producing the cabling for the first offshore wind project to be commissioned in the United States, off the coast of Virginia. But just as importantly, Hellenic Cables is moving forward with a $350 million US investment in Baltimore to manufacture cabling, particularly targeting the offshore wind sector which I believe is going to grow tremendously. in the United States, but also has huge potential here in Greece. .

SelectUSA offers excellent funding, scaling, research, and mentorship programs. And that is why we strongly encourage all interested parties to attend the 2022 Investment Summit in June.

SelectUSA Tech supports new technology companies in expanding and establishing their market position. Last year’s Summit attracted 350 such companies who participated in 13 presentation sessions. Members of the same group have also participated in the SelectUSA Women in Tech mentorship program.

Sunlight, Kleeman, RTSafe and Hellenic Cables are just a few of the great examples of companies that have positively benefited from their participation in the program.

I would also like to point out that the United States is not just for big players. Innovative Greek startups have flourished in the US as they have in Greece in recent years.

You may be familiar with one-man startup Snappy Labs which was acquired by Apple or BugSense, a mobile analytics company acquired by Splunk. Aporeto, a company providing identity-based microsegmentation solutions was acquired by Palo Alto Networks, and keyboard solution Fleksy was acquired by Pinterest.

The investment goes both ways. As the United States looks forward to welcoming Greek companies, we are also proud to recognize the investment that American companies have made in Greece.

The sweeping reforms the Greek government has undertaken in areas such as digital transformation and governance have created the most business-friendly environment in the country for many decades. These reforms have helped spur major new investments in Greece by giants like Cisco, Pfizer, Mondelez, Digital Realty, AWS, GE and Microsoft.

We hope you all get the most out of the insights our speakers will share with you today. Thank you for your participation

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