President Barack Obama's push to attract foreign direct investment to the United States holds promise, but political gridlock in Washington could throw a wrench in the works, analysts say.
And, with some specifics still unclear, it remains to be seen whether his bid to lure international firms and create more American jobs will work out.
In what officials billed as an "unprecedented effort," Obama on Thursday announced a federal inter-agency body to coordinate and streamline efforts to attract foreign investors.
"There are a lot of wonderful countries out there. But this is a place where you can do business, create great products, deliver great services, make money, and do good at the same time," he told business leaders.
"So you should find out why there's no substitute for those proud words: 'Made in America.' And here's three more words: 'Select the USA.'"
Getting foreign companies to invest more in the United States was aimed at "creating good-paying American jobs," Obama said, in a nod to the 11.3 million Americans who are officially out of work and the millions more who have given up looking for jobs.
The announcement followed the first government shutdown in 17 years amid bitter partisanship in Congress, which, according to a Moody's survey, sparked a temporary plunge in business confidence.
It also came against the backdrop of a steadily sinking US share of the global pie of foreign direct investment in contrast to the significant rise of developing economies.