Eric A. Spiegel, CEO of Siemens at the 2015 SelectUSA Investment Summit
EO and President of Siemens, Eric A. Spiegel explains why America is an attractive location for foreign investors to expand and grow their business at the 2015 SelectUSA Investment Summit.
Transcript of this video –
0:06 Well, I think, first of all you know it’s a big market, but more importantly,it’s an
0:10 innovative market. This is really the home of innovation around the world now. I think
0:16 it’s got low energy costs. It’s got lots of talent and it’s the home software in the world.
0:23 And, one of the reasons we’re here in a big way is yes, it’s access to our customers;
0:28 yes, energy costs are low, but more importantly for us, is almost all of our products now
0:34 have software associated with them. We’re moving quickly into the digital economy. Not
0:39 just on a consumer side, but on the industrial side and as we do that, you’re going to see
0:43 productivity increase dramatically. 75 percent of the software, industrial software in the
0:48 world is developed right here in the U.S. That gives the U.S. a big advantage in terms
0:52 of attracting companies. If you want to be a part of the digital economy, particularly
0:56 as it relates to the industrial world, you have to be here in the U.S. And, I think that’s