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Blog Category: Consumer Electronics Show

Commerce Deputy Secretary Andrews’ Visit to Consumer Electronics Show Underscores Importance of Innovation and Entrepreneurship to American Economy

Commerce Deputy Secretary Andrews’ Visit to Consumer Electronics Show Underscores Importance of Innovation and Entrepreneurship to American Economy

Yesterday, U.S. Deputy Commerce Secretary Bruce Andrews concluded a two-day visit to Las Vegas, where he toured the floor of the 2015 International Consumer Electronics Show (CES) and addressed Las Vegas business leaders at the Chamber of Commerce on the importance of innovation and entrepreneurship to the American economy. 

On Wednesday, Deputy Secretary Andrews addressed local Las Vegas business leaders at a roundtable organized by Business Forward. He discussed the Department of Commerce’s role in supporting innovation and entrepreneurship, particularly in pursuing 21st century trade agreement. Deputy Secretary Andrews also spoke about the need for Congress to pass Trade Promotion Authority and the need to strengthen the President’s ability to create economic opportunity for U.S. companies and open up key markets for U.S. goods and services. Such agreements can help spur growth; help American manufacturers, service providers, farmers and ranchers; and increase U.S. exports, as well as allow American businesses to compete in a highly competitive, globalized economy. 
Following this address, Andrews traveled to the Las Vegas Convention Center where he toured the CES show floor with representatives from the Consumer Electronics Association. There, he saw firsthand how small and medium businesses are developing innovative technologies that have the potential to improve the way kids are educated, enhance home entertainment, and keep America on the cutting edge of research. He met with a mix of U.S. companies at the show, including five small companies that manufacture in the United States and six larger companies.
CES showcases more than 4,000 exhibitors, including manufacturers, developers, and suppliers of consumer technology hardware, content, technology delivery systems and more. CES also includes a conference program with more than 300 sessions and draws more than 152,000 attendees from more than 150 countries. The International CES is held in Las Vegas each year, and has served as the proving ground for innovators for more than 40 years.
Later that day, Deputy Secretary Andrews attended the Leaders in Technology Reception and Dinner, where he met with the industry’s key representatives and stakeholders.
Deputy Secretary Andrews also met with local staff from the International Trade Administration’s U.S. Export Assistance Center and sat in on a presentation by a U.S. manufacturer participating in the Global Markets Insight Program, which helps connect businesses with trade partners and succeed abroad.
The Deputy Secretary’s participation in CES highlights the importance the Commerce Department and theAdministration place on innovation and entrepreneurship, including through the Department's "Open for Business Agenda." It also underscores the value the Department places on promoting the ideas and policies that support innovation and entrepreneurship, which help America maintain its competitive edge, spur wage and job growth, and strengthen the U.S. economy.

Secretary Pritzker Highlights Department's Innovation Agenda at CES

Secretary Pritzker stopped at Intel's booth to look at their new wearable devices, which included a baby monitor.  (Photo credit: Consumer Electronics Association)

Secretary Penny Pritzker this week attended the 2014 International Consumer Electronics Show (CES), an annual showcase of the very latest in technology innovation. In addition to touring the floor, Secretary Pritzker participated in the "America is Open for Business and Innovation" Super Session, a one-on-one conversation with President and CEO of the Consumer Electronics Association, Gary Shapiro. Throughout the Super Session, Secretary Pritzker discussed the Commerce Department's initiatives to strengthen America's competitive edge by investing in innovation and entrepreneurship.

Secretary Pritzker highlighted some of the key ways in which the department works to promote innovation. For example, the department has undertaken great efforts to reform the patent process and reduce the patent backlog, and is moving forward with an aggressive agenda to support U.S. manufacturing. She spoke about the compelling economic case for immigration reform, and need for skilled workforce training. These efforts will help create the conditions that allow private sector companies to out-innovate anyone in the world.

Pritzker noted that the companies present at CES are critical to the strength of the U.S. economy. U.S. tech employment in 2012 totaled nearly 6 million, and the tech industry paid an annual average wage of $93,800 that same year. That is 98 percent more than the average private sector wage of $47,400. The app economy alone has created more than 500,000 jobs.

Acting Deputy Secretary Blank Tours CES Promoting American Innovation and Competitiveness

Acting Deputy Secretary Blank and Dean Kamen Listen on a Panel

On Thursday, Acting Deputy Commerce Secretary Rebecca Blank visited the Consumer Electronics Show in Las Vegas, where she delivered opening remarks and participated in a panel discussion. The panel, titled “Getting Us Back on Track: How Technology and Innovation Can Save America” focused on the integral role innovation and technology play to the U.S. economy.

Blank said, “Innovation is crucial to the economy.  And while private citizens and private businesses are the primary source of new ideas—from concept to commercialization—the government plays a key role in this effort. The returns in new jobs and new technologies have traditionally far exceeded the money invested on the front end by the federal government.”

Referencing the recently released COMPETES report, Blank stated, “Only with a laser-sharp focus on education, innovation and infrastructure, will we build the basis for a 21st century economy that allows American businesses to flourish in an increasingly competitive global market. And only when American businesses flourish will we see the sort of job growth and income growth that assures economic opportunity to middle class Americans.”

Also while at the show, Blank toured the International Trade Agency’s International Buyer Program’s International Commerce Center and met domestic and foreign commercial service officers who assist American businesses in exporting. Afterwards, she presented an Export Achievement Award to Meridrew Enterprises. Meridrew Enterprises is a small, woman-owned company that is an industry leader in high performance screen cleaning technology. Their products have been used on the windows of the Space Shuttle and International Space Station.

Secretary Locke Delivers Remarks at CES to Highlight Administration’s Efforts to Promote Innovation, U.S. Exports

Locke at booth inspecting new devices and equipment

Commerce Secretary Gary Locke visited the Consumer Electronics Show (CES) today, where he delivered remarks on the Obama administration’s efforts to foster innovation and the President’s National Export Initiative (NEI), which seeks to double U.S. exports by 2015, supporting several million American jobs. 

Locke also discussed Commerce’s International Buyer Program (IBP), a key component of the Department’s export promotion effort. The IBP matches international buyers with U.S. companies that want to export. The Program recruited 34 delegations, consisting of 700 delegates from key markets such as China, Brazil, Vietnam, and Indonesia, to this year’s show – an increase of over 30 percent from the 2010 show.

During the CES, Locke also visited the booths of some small- and medium-sized businesses that have increased their sales to foreign markets with the help of the Commerce Department.

The CES is an annual event hosted by the Consumer Electronics Association, the preeminent trade association that represents more than 2,000 businesses to promote growth in the consumer technology industry.  This year’s CES has more than 2,500 small- and medium-sized businesses showcasing their products and services, as well as presentations by key industry leaders, such as Microsoft, Ford and Verizon.  Remarks

Secretary Locke to Visit the Consumer Electronics Show

Photo Credit: Consumer Electronics Show

Secretary Gary Locke will visit the Consumer Electronics Show (CES) in Las Vegas Thursday where he will discuss the Obama administration’s efforts to foster innovation and the President’s National Export Initiative (NEI), which seeks to double U.S. exports by 2015, supporting several million American jobs.

The Consumer Electronics Show is taking part in Commerce’s International Buyer Program – a key component in reaching President Obama’s exports goal. Jointly created by the Commerce Department and industry groups, the International Buyer Program (IBP) matches international buyers with U.S. companies that want to export.  In Las Vegas, the IBP has recruited to the show's 34 delegations, consisting of 700 delegates, from key markets such as China, Brazil, Vietnam, and Indonesia – an increase of over 30 percent from the 2010 show.

Here’s how it will work: Foreign trade specialists work with both the Consumer Electronics Association and Department of Commerce domestic trade specialists to identify U.S. companies exhibiting at the show whose technology is attractive to foreign buyers.  These specialists then set up meetings at the show between the buyers and American sellers.  Additionally, U.S. companies will be able to meet with the foreign trade specialists to get information about doing business in markets abroad.