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President Obama speaks at the SelectUSA Investment Summit, during which he highlighted ASCO Industries’ project in Stillwater, Oklahoma.

While addressing the SelectUSA Investment Summit in Washington, D.C., President Obama highlighted Belgian-based ASCO Industries as one of several major foreign companies that have recently made significant investments in U.S. facilities and created American jobs. The world-class international supplier of high-tech aircraft parts chose to reopen and retrofit a shuttered facility in Stillwater, Oklahoma, as its first manufacturing plant in the United States.

McAfee & Taft lawyers Rob Garbrecht, Lloyd Hardin, Jennifer Callahan, Cole Marshall, and Mike Blake were proud to represent ASCO in all aspects of the complex transaction, including the securing of new market tax credit financing for the new company, ASCO Aerospace USA, LLC.

Hosted by the U.S. Department of Commerce, International Trade Association, and SelectUSA, the SelectUSA Investment Summit connects investors, both foreign and domestic, with U.S. economic development organizations to promote and facilitate direct investment in the United States.

You can view a portion of that speech in this YouTube video; ASCO is specifically mentioned at 6:13.