THIS IS AN ARCHIVED SITE
This site contains information from January 2009-December 2014. Click HERE to go the CURRENT commerce.gov website.
Syndicate content

Blog Category: Secretary of Commerce Penny Pritzker

EDA Announces $1.9 Million Grant to Support Advanced Manufacturing in Recognition of Manufacturing Day

EDA Announces $1.9 Million Grant to Support Advanced Manufacturing in Recognition of Manufacturing Day

Guest blog post by Jay Williams, Assistant Secretary of Commerce for Economic Development

When I was growing up, manufacturing work was all about having a strong back and a strong work ethic. These days, manufacturing has changed. The first Friday in October each year marks Manufacturing Day, and today more than 1,500 manufacturers nationwide are opening their doors to host open houses, public tours, career workshops, and other events, in order to show people what manufacturing is – and what it isn’t. There is a lack of understanding of present-day manufacturing environments, which are highly technical. Manufacturing Day provides manufacturers with the opportunity to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry. 

In honor of Manufacturing Day, I was joined by Kansas Governor Sam Brownback and faculty members for an event at Wichita State University (WSU) in South Kansas. The region is a leader in manufacturing, and the University is a key member of the South Kansas Manufacturing Community consortium, which U.S. Secretary of Commerce Penny Pritzker announced as one of the 12 Investing in Manufacturing Communities Partnership (IMCP) designated communities in May. While there, I announced a $1.9 million EDA grant to WSU to support advanced manufacturing. According to the grantee, the project will create 500 jobs and further regional capabilities in advanced manufacturing, with an emphasis on automated additive manufacturing innovation, and will provide competitive advantage for the transportation equipment manufacturing industry. These innovative technologies will also be applied to the emerging medical equipment manufacturing cluster in the region. 

While in Wichita, I got to see first-hand the sort of operations that have made South Kansas a leader in manufacturing. I was treated to a Manufacturing Day tour of the Wichita Operations of Bombardier-Learjet facility, where a critical EDA investment helped expand operations in 2012. The facility is truly impressive – as is the finished product

President Obama, the Commerce Department, and EDA are all committed to supporting manufacturing, because manufacturing creates good jobs with the largest multiplier effect of any part of the economy. In the last fiscal year, EDA invested in 89 manufacturing projects, totaling nearly $78 million. The projects were diverse, representing different industries, different geographies, and different community needs. Half of these projects were construction projects, which created more than 7,000 jobs and generated nearly $4.3 billion in private investment.

Secretary Pritzker and CEOs from the President’s Export Council Explore Market Opportunities with Turkish Business Leaders

Secretary Pritzker and CEOs from the President’s Export Council Explore Market Opportunities with Turkish Business Leaders
After a productive stop in Poland, Secretary Pritzker traveled to Turkey with CEOs from the President’s Export Council (PEC) to explore opportunities for U.S. firms interested in the market and address outstanding challenges to expanding bilateral trade and investment. 
 
While the United States and Turkey have sustained deep strategic and diplomatic ties for decades, both countries want to expand their economic and commercial relationship. In 2009, President Obama visited Turkey and established the Framework for Strategic Economic and Commercial Cooperation (FSECC) with then-Prime Minister of Turkey Tayyip Erdogan. The two leaders tasked the U.S. and Turkish governments to create a framework to help substantially increase the trade and investment flows between both countries to help strengthen the economic dimension of our partnership. Now, Secretary Pritzker and the PEC CEOs -- serving as commercial ambassadors -- are working to expand and strengthen this relationship through meetings with Turkish government and business leaders in Istanbul and Ankara.
 
In Istanbul, Secretary Pritzker delivered remarks to more than 200 Turkish business leaders and guests at the AmCham/American Business Forum in Turkey (ABFT) 10th Anniversary gala. She noted that progress has been made in the U.S.-Turkey commercial relationship, with total bilateral trade in 2013 just under $20 billion.  

She also stressed three challenges U.S. businesses face in the Turkish market that must be addressed: greater transparency in government procurement; commercial offsets – a policy that forces companies to produce locally; and the ability to obtain Good Manufacturing Practices certification. Ilker Ayci, President of Turkey’s Investment Promotion Agency, also shared Secretary Pritzker’s sentiment that the United States and Turkey must work together now to address current obstacles.

U.S. Commerce Secretary Prizker Co-Chairs Economic and Commercial Dialogue with Poland’s Deputy Prime Minister Piechocinski

U.S. Commerce Secretary Prizker Co-Chairs Economic and Commercial Dialogue with Poland’s Deputy Prime Minister Piechocinski

Yesterday, U.S. Secretary of Commerce Penny Pritzker joined Polish Deputy Prime Minister and Minister of Economy Janusz Piechociński in co-chairing an Executive Session of the Economic and Commercial Dialogue (ECD). The ECD is a forum created by the U.S. Department of Commerce and the Polish Ministry of Economy to work specifically on strengthening the ability of our companies and investors to do business in each other's markets. Secretary Pritzker is traveling with a delegation of some of America's top CEOs who are members of the President's Export Council.            

At yesterday's meeting, Secretary Pritzker and the PEC CEOs addressed collaborative and tangible ways to increase trade and investment between the U.S. and Poland, particularly as Poland's economy continues to grow. Poland currently has the sixth-largest and one of the fastest growing economies in the EU, and growth is projected to continue in 2014. While bilateral trade between the U.S. and Poland has quadrupled over the past 10 years, reaching nearly $8.8 billion in 2013, there is tremendous opportunity for continued growth.

One mechanism to increase trade and investment between the U.S. and Poland is the Transatlantic Trade and Investment Partnership (TTIP), which is currently being negotiated between the United States and the EU. Once concluded, TTIP will combine the U.S. and EU markets into a stronger transatlantic marketplace, with more than 800 million customers. The U.S. considers Poland an important voice in TTIP negotiations.

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups

Secretary Pritzker Hosts Innovation Roundtable with Polish Industry Leaders and Startups
U.S. Secretary of Commerce Penny Pritzker and a delegation of U.S. CEOs yesterday met with Poland's Minister of Higher Education and Science and a group of Polish innovators to discuss the country's efforts to encourage innovation in their economy. Secretary Pritzker was in Warsaw with a group of U.S. CEOs who are members of the President's Export Council. 
 
The Polish government has made the promotion of innovation a top priority. Poland will be receiving a total of $106 billion in funds from the European Union by 2020. Poland plans to invest about 70 percent of those funds to promote innovation. The United States is well-positioned to serve as a partner in these efforts by sharing best practices and engaging our private sector leaders in Poland to further promote innovation.
 
The discussion centered on obstacles that individuals and businesses are experiencing when it comes to innovation, and how the United States can serve as a partner in support of innovation in Poland. For example, while a strong commitment to R&D is one principal driver of innovation, Poland’s current spending on R&D is less than 1 percent of GDP.  
 
However, R&D is only one component of a strong innovation economy. The Department of Commerce is America's "innovation agency," and helps build an innovation ecosystem in the United States by supporting a strong patent system, making investments in regional business incubators and science parks, expanding access to broadband and developing technology standards. 

Secretary Penny Pritzker to Lead High-Level U.S. Business Delegation to Poland and Turkey

Secretary Pritzker met with young entrepreneurs, who are the future of a stronger Ukrainian economy, during her commercial diplomacy trip to Kyiv, Ukraine.

U.S. Secretary of Commerce Penny Pritzker will lead a high-level delegation of America’s top CEOs on an economic fact-finding mission next week to Poland and Turkey. Secretary Pritzker and the CEOs, all of whom are members of the President’s Export Council (PEC) will use the trip to identify immediate and long-term opportunities to increase trade and investment between the U.S. and Poland and the U.S. and Turkey, two high-potential, fast-growing markets. Through greater understanding of these markets, the Department of Commerce and the President’s Export Council can help U.S. companies gain better access to Poland and Turkey, so they can sell more of their goods and services abroad and support jobs here at home.

Following this trip, the PEC CEOs joining the mission will apply their commercial expertise to produce a report for President Obama, which will recommend actions the U.S. government can take to address challenges and increase trade and investment between the U.S. and Poland, and the U.S. and Turkey

Just prior to the PEC mission, Secretary Pritzker will visit Kyiv, Ukraine. Secretary Pritzker's visit to Ukraine was announced by President Obama during Ukrainian President Poroshenko’s visit to Washington, D.C. last week.  Secretary Pritzker, whose family comes from Ukraine, will use her time there to discuss with Ukrainian government and business leaders the reforms necessary to improve their business climate, attract private capital, expand opportunity, and strengthen the economy for greater investment and growth. She will also explore potential opportunities for additional commercial cooperation between the U.S. and Ukraine.

After her stop in the Ukraine, Secretary Pritzker will join the eight PEC members and Under Secretary of Commerce for International Trade Stefan M. Selig in Warsaw, where they will meet with Polish government officials and business leaders and gather insight on opportunities and challenges facing U.S. companies in each respective market. Following the stop in Warsaw, the group will continue on to Istanbul and Ankara, Turkey.

Three Takeaways from National Network for Manufacturing Innovation (NNMI) Day

Secretary Pritzker enjoying NNMI Day with Senator Sherrod Brown and Congressmen Joe Kennedy and Tom Reed

Last Thursday, U.S. Secretary of Commerce Penny Pritzker participated in the National Network for Manufacturing Innovation (NNMI) Day on Capitol Hill event. She was joined by Sen. Sherrod Brown, Reps. Joe Kennedy and Tom Reed, several business leaders and the directors of the newly established pilot Institutes of Manufacturing Innovation. NNMI Day was an opportunity to showcase the successes of the four pilot institutes in North Carolina, Youngstown, Chicago, and Detroit in the areas of additive, digital, electronics, and modern metals manufacturing. In early 2014, President Obama announced a new competition for the next manufacturing innovation institute, focused on composites materials and structures, which is the first of four additional institutes the President committed to launching this year in his State of the Union address, for a total of eight pilot institutes nationwide.

During the event Thursday, Hill staffers and other attendees had the opportunity to hear from the pilot institute directors and several private sector partners about how a National Network for Manufacturing Innovation would help improve U.S. competitiveness, increase domestic production and accelerate development of an advanced manufacturing workforce.

The following are three main takeaways from the speakers and panelists:

Secretary Pritzker Says Increased Gender Diversity in Corporate Boardrooms is Vital to Economic Success

Secretary Pritzker Says Increased Gender Diversity in Corporate Boardrooms is Vital to Economic Success

Secretary of Commerce Penny Pritzker addressed the urgent need to boost our companies’ economic competitiveness by bringing more women into corporate leadership at the Global Conference on Women in the Boardroom, hosted by the Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS). 

Pritzker noted that this pressing challenge of addressing the of a lack of women in corporate leadership is nothing new in American business. Female advancement in corporate America is stagnant. Women hold less than 5 percent of Fortune 500 CEO positions. Women hold less than 17 percent of board seats at Fortune 500 companies. And 10 percent of these companies have no women on their boards at all. 

Women in corporate leadership roles is not solely a women’s issue. Secretary Pritzker argued that it is an issue of economic competitiveness and the presence of more women in the boardroom is critical to companies’ creativity, performance, and ability to thrive in the 21st century. Leadership with diverse and different backgrounds typically mean more creativity, fresh ideas, and better outcomes. 

To increase the number of women in the boardroom, Secretary Pritzker recommended five steps to integrate gender diversity into corporate DNA:

  1. Engage men in senior leadership to look outside their known circle of colleagues.
  2. Develop deliberate strategies for recruitment, including establishing a rule that a board’s nominating committee must consider at least one woman per opening.
  3. Review the impact of internal policies on female employees, including sick, family, medical, and maternity leave, then change then where appropriate.
  4. Ensure equal opportunities for mentoring and professional development.
  5. Measure and disclose company’s diversity statistics and couple that with action. 

Secretary Pritzker committed herself to highlighting the issue of women in the boardroom, tout solutions, and advance diversity. She promised to continue to call on leaders to act – in government and in business and she will highlight companies that set the example, recruit more women to join their boards, and take action to improve their reputations and their bottom line. 

Secretary Pritzker concluded, “When women have a voice in corporate leadership, American companies thrive and the American economy prospers. When women have a seat in the boardroom, American business succeeds.”

Commerce’s NIST Megacities Project on Improving Accuracy of Greenhouse Gas Measurements Named ‘Project to Watch’ by United Nations

Sensors located around Los Angeles provide measurements of greenhouse gas mixing ratios of carbon dioxide, methane and carbon monoxide. Aircraft, mobile laboratories and satellites contribute remote-sensing measurement.

A greenhouse gas field measeurment research program developed by scientists at the Commerce Department’s National Institute of Standards and Technology (NIST) and several collaborating institutions has been named a “Project to Watch” by a United Nations organization that focuses on harnessing big data for worldwide benefit. 

The Megacities Carbon Project was launched in 2012 to solve a pressing scientific problem: how to measure the greenhouse gases that cities produce. Urban areas generate at least 70 percent of the world’s fossil fuel carbon dioxide emissions, but gauging a city’s carbon footprint remains difficult due to the lack of effective measurement methods. The project aims to change that by developing and testing techniques for both monitoring urban areas’ emissions and determining their sources.

The large sensor networks that each city in the Megacities Carbon Project employs generate huge amounts of data that could reveal the details of the cities’ emissions patterns. It is the project’s use of this so-called “big data” that drew accolades in the Big Data Climate Challenge, hosted by U.N. Global Pulse and the U.N. Secretary General’s Climate Change Support Team. The ability to analyze big data—vast quantities of electronic information generated by many sources—has the potential to provide new insights into the workings of society, and Global Pulse is working to promote awareness of the opportunities big data presents across the U.N. system.

Launched in May 2014, the competition attracted submissions from organizations in 40 countries. The applicants ran from academia to private companies to government initiatives like the Megacities Carbon Project. Two projects earned top honors, while a total of seven were dubbed Projects to Watch.

“Built to Last” – Secretary Pritzker Talks to Investors about the Build America Investment Initiative

 Secretary of Commerce Penny Pritzker discussed the Administration’s efforts to “Build America” at the Infrastructure Investment Summit hosted by the U.S. Departments of Treasury and Transportation.

Today, U.S. Secretary of Commerce Penny Pritzker discussed the Administration’s efforts to “Build America” at the Infrastructure Investment Summit hosted by the U.S. Departments of Treasury and Transportation.  The Summit brought together senior Administration officials and more than 100 leaders from industry, finance, philanthropy, and local and state governments to highlight the urgent need to invest in our country’s infrastructure, build public-private partnerships, and develop strategies for increasing investment in sectors like transportation, water, telecommunications, and energy.

During her address, Secretary Pritzker described the central role the Department of Commerce is playing in expanding infrastructure investments and facilitating connections between government, investors, and local leaders.

The Secretary outlined several of the ways the Department is taking the lead. First is through SelectUSA, the first-ever government-wide program designed to attract and retain investment in the United States, which works to connect current and potential investors with local communities interested in attracting infrastructure investment.

Second is the work of the National Telecommunications and Information Administration (NTIA), which has strengthened our digital infrastructure though more than $4 billion in grants since 2009 to increase broadband access to underserved communities in all 50 states and the District of Columbia.

U.S. Department of Commerce Invests Nearly $2 Million to Support Entrepreneurs and Startups in South Carolina

U.S. Department of Commerce Invests Nearly $2 Million to Support Entrepreneurs and Startups in South Carolina

U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $1.9 million investment to the University of South Carolina (USC)/Columbia Technology Incubator. The grant will support the building of a new startup center to serve as the regional hub for the development of entrepreneurship, incubation, and acceleration programs for early stage ventures across South Carolina. According to the grantee, the investment is expected to create 698 jobs and generate $11.9 million in private investment in the first five years of the project.

The Obama Administration and Commerce Department have prioritized supporting American innovation and entrepreneurship, which are key drivers of U.S. competitiveness, job growth and long-term economic growth. The EDA investment announced today will support an important infrastructure project that support public-private partnerships with the University of South Carolina to help local entrepreneurs and businesses grow.

EDA’s investment will support the construction a 50,000-square-foot technology and incubation facility. As the first development in a new technology corridor in USC’s Innovista Innovation District, the center is expected to serve as a critical facility for integrating USC and the Columbia Metro region's entrepreneurial activities. This facility will be able to take advantage of its proximity to the University of South Carolina's research activities, emerging technologies in the region, and student/faculty talent to help create a world class regional innovation ecosystem.

In addition, the investment will facilitate the co-location of entrepreneurs, technology startups, existing and mature technology ventures, and the region's community of entrepreneurial support organizations to create a mixture of talent, technology, capital, and mentoring. The grantee expects this co-location to facilitate the launch and acceleration of a new generation of technology ventures in the state.