**FILE** Maryland Gov. Wes Moore is cautioning state leaders of further budget woes. At the recent Maryland Association of Counties Conference in Cambridge, the governor shared some of his plans to address the stateโ€™s budget issues. (WI photo)
**FILE** Maryland Gov. Wes Moore (WI photo)

Maryland Gov. Wes Moore (D) and Virginia Gov. Glenn Youngkin (R) are among the first wave of global business leaders and U.S. governors who are scheduled to participate in the 2025 SelectUSA Investment Summit that will take place from May 11-14 at the Gaylord National Resort and Convention Center in National Harbor, Maryland, the U.S. Department of Commerce announced.

The SelectUSA Investment Summit is a platform for new announcements by foreign investors detailing their expansion plans in the U.S. and economic development organizations (EDOs) spotlighting new investments in their local area. 

Last yearโ€™s SelectUSA Investment Summit brought together more than 5,000 participants, including EDOs representing the 56 U.S. states and territories and the District, more than 2,500 business investors and delegates from over 90 international markets, and industry experts who provided insights and advice on how to successfully invest in the United States. 

The SelectUSA Investment Summit has directly helped generate more than $135 billion in new U.S. investment projects, supporting over 105,000 jobs across the United States and its territories. The summit will occur as data shows the U.S. was ranked the top destination for foreign direct investment for the 13th consecutive year, according to Kearneyโ€™s Global Business Policy Councilโ€™s 2025 Foreign Direct Investment (FDI) Confidence Index.

Executive leadership from global businesses will participate as main stage speakers, including Ashley Magargee, CEO of Genentech and Jose Munoz, president and CEO of Hyundai Motor Company

Other governors scheduled to attend include Democrat of Pennsylvania Josh Stein and Republican of Iowa Kim Reynolds.

U.S. Commerce Secretary Howard Lutnick said the summit will play a role in jumpstarting the countryโ€™s economy. 

โ€œPresident Trumpโ€™s America First Investment Policy is revitalizing our economy and making the United States of America the most attractive destination for foreign direct investment,โ€ said Lutnick. โ€œSelectUSA is an integral part of our administrationโ€™s efforts to increase foreign investments across the country. We look forward to hosting the 2025 SelectUSA Investment Summit at the Gaylord Convention Center beginning on May 11.โ€

James Wright Jr. is the D.C. political reporter for the Washington Informer Newspaper. He has worked for the Washington AFRO-American Newspaper as a reporter, city editor and freelance writer and The Washington...

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