The economy needs more foreign direct investment, not less

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As global competition continues to intensify, it’s imperative that we continue to attract and sustain this kind of investment. Foreign-owned firms employ nearlyMy old congressional district in Pennsylvania’s Lehigh Valley embraced foreign investment, and in my time in the state legislature and Congress, I had a front-row seat to the tangible benefits in action.

Then there’s Bosch Rexroth, a subsidiary of the German multinational Bosch, which has been operating in Bethlehem, Pennsylvania, for decades and provides hundreds of jobs advancing automation and energy-efficient technologies. Even national American chains such as 7-Eleven and Burger King are products of foreign direct investment. These companies are integrating our communities into global supply chains and boosting our local economies while doing so. It’s a win for all involved.

 

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