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Blog Category: Entrepreneurship

Secretary Pritzker Answers Questions about Entrepreneurship During Twitter Chat

While attending the Global Entrepreneurship Summit (GES) in Marrakech, Morocco Secretary Penny Pritzker took questions about entrepreneurship and innovation from Twitter users. As the Administration’s point person on entrepreneurship, Secretary Pritzker led a U.S. delegation to the Summit, demonstrating the U.S. government’s continued commitment to fostering a culture of innovation around the world.

Below is a transcript of the Twitter chat.

Secretary Pritzker Marks One-Year Anniversary of “Open for Business Agenda” Launch

Secretary Pritzker speaking with Evan Burfield at 1776 about the Open for Business Agenda

Today, U.S. Secretary of Commerce Penny Pritzker participated in an armchair discussion with 1776 cofounder Evan Burfield to discuss the U.S. economy, entrepreneurship, and the one-year anniversary of the Commerce Department’s “Open for Business Agenda.” Located in Washington, DC, 1776 serves as a global hub that connects startups tackling challenges in education, energy, health care, government and other industries with the resources they need to excel. 

Last November at 1776, Secretary Pritzker outlined the” Open for Business Agenda,” a bold policy priorities framework for the Department of Commerce, centered on the tools needed for U.S. economic growth. It is focused on U.S. trade and investment, innovation, data, environmental intelligence, and operational excellence, and this agenda reflects the Department’s role as the voice of business, as well as the Obama Administration’s keen focus on economic growth and job creation.

In light of Global Entrepreneurship Week which begins today, Secretary Pritzker highlighted the Department’s focus on entrepreneurship as an important tool for economic growth in the United States and across the world. As the Administration’s point person on entrepreneurship and chair of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, Secretary Pritzker will help lead the American delegation at the Global Entrepreneurship Summit (GES) in Morocco this week. At GES, the Secretary will promote the importance of global entrepreneurship and support foreign entrepreneurs. She will also stress that entrepreneurship is gender neutral when she speaks during Women’s Entrepreneurship Day on November 19.

On a more personal note, Secretary Pritzker offered advice to entrepreneurs, recommending that they should not be afraid of failure. As a founder of five companies, she understands that sometimes failures are necessary to achieve success and that resilience matters.

1776 cofounder Evan Burfield also asked Secretary Pritzker to talk about her favorite entrepreneur. She mentioned that the entrepreneurs she meets both at home and abroad – from Saudi Arabia to Japan – inspire her with their continual enthusiasm and desire to improve the world.  She specifically mentioned a young Ghanaian entrepreneur named Ethel Cofie who started an IT services firm as someone that inspires.  Secretary Pritzker also considers Daphne Koller, co-founder and president of Coursera and a PAGE Ambassador, an example of how great ideas can come at any age. Koller founded the online education platform when she was 44 and a Stanford University professor.   

An Entrepreneur’s Guide to Accessing Census Bureau Statistics

U.S. Census Apps

If you are thinking of starting a new business, one of the first things you need is information to understand market conditions. Entrepreneurs rely on American Community Survey and Economic Census data to understand local markets, the local workforce, commuting patterns and economic activity in prospective new locations to make investment decisions that create jobs and grow the economy. 

You may already know that the U.S. Census Bureau has a wealth of information that can be invaluable to entrepreneurs. But how do you get started? We have several tools that make it easy to find the statistics you need to start or grow your business. Here are four tools you can begin using today and one that is coming soon. 

1. QuickFacts

Many times, you may just need to know a quick fact such as the population or demographic makeup of a state or county. With our QuickFacts tool, you can find current population estimates, key demographic statistics from the American Community Survey, and economic statistics from selected Census Bureau economic programs. A soon to be released beta version of the tool allows for comparison of these data across geographic areas as well as expanded visualizations of these data.

2. Census Explorer

One of our newest tools, Census Explorer provides an interactive map of various demographic topics for states, counties and census tracts. For example, Census Explorer: Retail Edition includes statistics on retail trade in America from County Business Patterns, including the growing online shopping market. You can find information on the number of businesses, employment and average annual payroll per employee for every county in the U.S.  Other editions of Census Explorer display population estimates or topics from the American Community Survey, such as commuting information, education and income.

PAGE Entrepreneurs in Their Own Words – Alexa von Tobel

Alexa von Tobel

When she was graduating from college, Alexa von Tobel realized she had received no guidance on personal finance. Her personal experience inspired her to start a company when she was just 25, with the hopes that she could make personal investing and budgeting approachable. The online financial planning company LearnVest has now brought financial planning to thousands of Americans, making it more accessible and affordable than ever before.

Forbes calls her a “personal finance guru,” Fortune has named her as a “Most Powerful Women Entrepreneur,” and Marie Claire Magazine chose her as one of 18 Women Changing the World.

As an inaugural member of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, von Tobel believes that “if you can teach people that they can believe in themselves and take their little seed of an idea and feed it properly, that not only can we change the economy, the country, but maybe even the globe.”

Cosmopolitan says that “When you talk to her, it’s a bit like talking to a Roman candle, just fully on fire, and all sorts of interesting colors are coming out of her.”

With a palpable enthusiasm for encouraging others to follow their passions, von Tobel shared her experiences and expertise at the inaugural Young African Leaders Initiative (YALI) Summit. Launched in 2014, YALI is a signature effort that connects young African leaders to leadership training opportunities at some of America’s top universities to help expand their skills and knowledge so they can foster entrepreneurial change in their communities and countries.

PAGE Entrepreneurs in Their Own Words – Steve Case

Steve Case, Chairman and Chief Executive Officer, Revolution Enterpreneurial and Ambassador, Presidential Ambassadors for Global Entrepreneurship

His first job out of college was at Procter & Gamble, and a few years later he became a marketer for Pizza Hut. You may now know him as the co-founder of AOL who ultimately brought generations of Americans online and made “You’ve got mail” a household phrase. You may also recognize him as an independent with friends in both political parties, who helped broker some of the finer points of the JOBS Act, the legislative package of bills that ease regulations on startups and potential Initial Public Offerings (IPOs).

Today, Steve Case is the founder and partner of Revolution, a Washington, D.C.-based investment firm that believes great companies and ideas can be found throughout the country, not just in Silicon Valley.

Bloomberg Businessweek says he’s an “in-demand cheerleader for entrepreneurism,” and Entrepreneur Magazine calls him the “Disrupter-in-Chief” and an “online pioneer [who] is bringing big ideas to life – through drive, leadership and a personal touch.” 

Steve Case was appointed by President Barack Obama to be chairman of the Startup America Partnership, a nonprofit that fosters private-sector investment into job creation. He also joined the President’s Council on Jobs and Competitiveness, where he helped lead a subcommittee looking at job creation and entrepreneurship.

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Read the transcript: 
PAGE Ambassador Steve Case Transcript

Secretary Pritzker and Three PAGE Ambassadors to Attend Global Entrepreneurship Summit in Marrakech, Morocco

Secretary Pritzker and the Presidential Ambassadors for Global Entrepreneurship meet with President Obama in the White House's Roosevelt Room.

U.S. Secretary of Commerce Penny Pritzker will attend the Global Entrepreneurship Summit (GES), which will take place November 19-21 in Marrakech, Morocco to demonstrate the U.S. government’s continued commitment to fostering entrepreneurship around the world. On November 19, her activities will focus specifically on Women’s Entrepreneurship Day. This year’s summit marks the fifth annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials.

Entrepreneurship is key to unlocking economic growth and creating jobs, and the U.S. government leads numerous programs and initiatives to improve enabling environments and to make tools and networks available to individual entrepreneurs. At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, and she was happy to assume her role as the Administration’s point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

Six months later, Secretary Pritzker has arranged PAGE-related events on four continents since the program’s launch, and the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad. The following PAGE members will join Secretary Pritzker in Morocco to serve as entrepreneurship ambassadors and to share their knowledge and experience to help develop the next generation of entrepreneurs around the world:

Secretary Pritzker Meets with Korean CEOs to Discuss Importance of Entrepreneurship

As part of her efforts to strengthen commercial ties between the United States and the Asia-Pacific region, Secretary Pritzker met with Korean entrepreneurs in Seoul to discuss the importance of supporting policies in the U.S. and Korea that encourage innovation. 

Both countries view entrepreneurship as a powerful tool to combat unemployment and capitalize on positive economic trends, and Korean President Park Geun-hye​ has made promoting the creative economy a top priority for the country.  The United States can support Korea’s vision of generating new employment opportunities through an innovation-driven economy with the Presidential Ambassadors for Global Entrepreneurs (PAGE) Program. PAGE was launched in April when Secretary Pritzker chaired the first meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

One way PAGE could support Korea's entrepreneurial class is through mentorship sessions between PAGE members and Korean businesses. With diverse backgrounds, the ambassadors will energize their own personal and professional networks to challenge and inspire budding entrepreneurs and raise awareness of the many resources available to them.

Secretary Pritzker also learned more about the existing challenges and future opportunities for Korean businesses. By familiarizing herself with South Korea’s investment climate and ecosystem, she can engage more U.S. firms in partnerships and mentorship with Korean businesses. She also gave insightful suggestions regarding entrepreneurship from her own experience.

The business leaders present at the meeting included CEOs and representatives from ChattingCat, Reverth, Chinchin, Estmob,, Google Korea, Modu Company, Bravepops, SparkLabs, Softbank Ventures Korea, Flitto, and Korbit.

Secretary Pritzker is determined to strengthen the bilateral relationship, and she and President Park agree that both countries will thrive economically by fostering more entrepreneurship. The United States has been at the forefront of innovation in businesses, and with PAGE’s guidance and international partnerships, entrepreneurs will become more encouraged to start their own businesses and leave a legacy of their own.

Secretary Pritzker Meets With Gaming Industry CEOs in Silicon Valley

Secretary Pritzker visiting Silicon Valley and the Gaming Industry

On Monday, U.S Secretary of Commerce Penny Pritzker met with various gaming industry CEOs at Electronic Arts in Silicon Valley to learn more about the creative job skills and talent required to maintain American competitiveness, as well as the gaming industry’s overall contribution to the economy. She also toured Electronic Arts and GlassLab. Electronic Arts (EA) is a developer and publisher of computer and video games with several subsidiaries which includes sports role-playing, racing and combat, online communities and original franchises like Tetris, Scrabble and Monopoly. Glasslab is a research and development effort that focuses on educational games and game-based assessment design in the United States.

During the discussion, Secretary Pritzker emphasized the important role that the Department of Commerce plays in creating the conditions that support the growth of the country’s most competitive industries, and empowering private sector companies to out-innovate anyone in the world. She also expressed her desire to learn more about the contributions that the gaming industry has brought to the economy, the jobs it has created, and the ability to remain globally competitive.

The United States gaming industry has enjoyed enormous success over the last decade, and the jobs it supports are now a crucial part of the country’s economic growth. In fact, the Entertainment Software Association (ESA) recently produced a 2014 report on video games in the 21st century which measures the economic contributions made by the gaming industry during the period of 2009-2012. According to ESA’s report, the game software publishing industry has employed 42,000 people in 36 states. The report also highlights that U.S total employment, both direct and indirect, that depends on this industry now exceeds 146,000. The value that this industry has added to the U.S GDP is over $6.2 billion.

Lutheran Services in America Works to Strengthen Local Communities

Charlotte Haberaecker, President and CEO of Lutheran Services in America (LSA)

Ed. Note: This post is part of the Commerce in the Community series highlighting the work of community leaders and organizations that are strengthening the middle class and providing ladders of opportunity for all Americans.

Below is an interview with Charlotte Haberaecker, President and CEO of Lutheran Services in America (LSA), one of the nation’s largest health and human services networks. Prior to joining LSA in 2012, Charlotte was the number-two executive at Global Impact, a $110 million non-profit organization that provides funding for critical humanitarian needs at home and around the world. Previously, she held senior leadership positions at Price Waterhouse where she directed a management consulting practice and Fannie Mae where she led an industry transformation initiative. 

Q1: Tell us about Lutheran Services in America. What is your mission and main focus?

Lutheran Services in America ( is one of the largest health and human services networks in the country. Our more than 300 members provide a broad range of critical services from health care to children and family services, senior services, disaster relief, refugee services, disability support, housing, and employment support, among others.  Collectively, LSA members touch the lives of 1 in 50 Americans each year in thousands of communities across the United States.

Ranked at #25 on the Philanthropy 400, the LSA network represents close to $21 billion in combined annual revenues in the U.S. Our members employ close to 250,000 people in all 50 states and parts of the U.S. Virgin Islands. Our members provide services to all, regardless of their religious affiliation, race, or social or economic background.

LSA works to ensure our members’ resilience in an increasingly evolving environment. Our newly revised mission is to “build valuable connections, amplify our voices and empower our members,” and our vision is a network of “connected, strong and thriving” members that “transform the lives of people and communities.” A distinguishing characteristic of our network is the deep trust and sharing that come from a shared set of values and goals. Our network strives to help people become self-sufficient so they can lead more independent, secure and higher quality lives. The deep trust facilitates rapid innovation and scale.

We help our members to build resilience through specialized programming for CEOs and executives; we also work to help build the capacity and infrastructure of our member organizations, for example by exploring new business models that can create more sustainable revenue streams. We also find opportunities for our 307 members to work together to achieve outcomes they couldn’t achieve on their own so they can grow and continue to serve their communities for generations to come.

Commerce in the Community: Rising Tide Capital works to improve traditionally disadvantaged communities by empowering local entrepreneurs to start and grow their businesses.

Alex Forrester, Co-Founder and Cheif Operations Officer of Rising Tide Capital

Ed. Note: This post is part of the Commerce in the Community series highlighting the work of community leaders and organizations that are strengthening the middle class and providing ladders of opportunity for all Americans.

Below is an interview with Alex Forrester, Co-Founder and Chief Operations Officer of Rising Tide Capital, a nonprofit organization that provides high-quality business education and consulting to low- and moderate-income entrepreneurs in Northern NJ. Rising Tide Capital has achieved national recognition for its approach to economic empowerment of low-income individuals and communities through entrepreneurship. In 2009, Rising Tide Capital was selected as a CNN Hero and recognized by President Barack Obama in a White House speech on innovative non-profit organizations.

Q1: Tell us about Rising Tide Capital. What is your mission and main focus?

Rising Tide Capital is a nonprofit organization committed to the economic empowerment of low-income families and communities through entrepreneurship. By providing high-quality business education and consulting services and by partnering with local microfinance agencies, our goal is to help create jobs and economic opportunity in the neighborhoods that need them most by investing in the success of the talented men and women who live there.

We believe in the value of the work we do at Rising Tide Capital because it leverages an immense amount of entrepreneurial activity that is already going on in low-income neighborhoods and tries to invest in those efforts in ways that can confront the extremely challenging context of working poverty in modern America. Due to unemployment, underemployment, and low-wage work, many urban communities have large numbers of poor and working-poor families. These families struggle with financial self-sufficiency and often have difficulty covering basic expenses like rent and electricity. The emotional and psychological stress of financial insecurity—and the anxiety and depression that so often develops—is at the root of what keeps poor communities poor.

Secretary Pritzker Talks About Two Keys to an Innovative and Competitive Economy: a Skilled Workforce and Entrepreneurship

Secretary Pritzker Talks About Two Keys to an Innovative and Competitive Economy: a Skilled Workforce and Entrepreneurship

Innovation is key to supporting economic growth and creating jobs in the United States. In order to ensure that the United States stays competitive, the Department of Commerce works to create the conditions that empower Americans to turn their ideas into successful businesses, grow their ventures, and create jobs.

Wednesday, on the third day of the Ed Innovation Summit in Scottsdale, Ariz., Secretary Pritzker spoke with former Washington Post executive editor Len Downie about what the Department of Commerce is doing to support innovation. Secretary Pritzker shared that since taking office almost one year ago, she has spoken to more than 1,000 CEOs and business leaders, including more than 150 of Fortune 500 companies, around the country. One of the top concerns they have shared is the challenge of finding the workers with the right skills to fill available jobs, which is a threat to our nation’s long-term competitiveness. In order to best equip workers for the jobs that are available now, and will be available in the future, Secretary Pritzker has made skills development a top priority for the Department of Commerce for the very first time.

Central to this effort is breaking down silos between the public and private sectors to create programs that match workers’ skills to the needs of businesses. The Department of Commerce is working closely with the Departments of Education and Labor, as well as businesses, training organizations, academic institutions, and state and local governments to do just that. Earlier this month, Secretary Pritzker traveled to Pittsburgh with President Obama and Vice President Biden, where they announced $100 million in competitive grants to support apprenticeships and a nearly $500 million grant competition to support partnerships between community colleges, employers, and industry association that will help develop job-driven training programs -- a first for the Department.

Another important aspect driving innovation is encouraging a start-up culture in which entrepreneurs can thrive. However, as Secretary Pritzker mentioned during her Ed Innovation talk, the rate of new business formation is actually declining in the United States. Research indicates that new and young companies are responsible for virtually all new job growth across the United States, so supporting entrepreneurship is a priority for the Administration.

Earlier this month, President Obama announced the inaugural members of the Presidential Ambassadors for Global Entrepreneurship (PAGE). Chaired by Secretary Pritzker, PAGE is an initiative to help develop the next generation of entrepreneurs across the globe and right here in the United States. The 11 PAGE members will participate in an ongoing dialogue with policy makers globally to discuss how to create an environment in which creativity, innovation, and entrepreneurship can grow and thrive. They will also participate in outreach and mentorship activities to help promote a start-up culture, and energize their own personal and professional networks to challenge, inspire, and educate budding entrepreneurs.

Following her armchair discussion at the Ed Innovation Summit, Secretary Pritzker toured SkySong, the ASU Scottsdale Innovation Center, and met with local entrepreneurs. SkySong is a mixed use development designed to help companies grow by providing business services and programs offered or facilitated by Arizona State University, which include access to new technologies, capital networks, and a skilled workforce.

In her roundtable with SkySong's entrepreneurs, Secretary Pritzker discussed ways in which the federal government can serve as a catalyst to innovation. For example, the Department of Commerce protects entrepreneurs' intellectual property through the Patent and Trademark Office, enabling innovators to capitalize on their ideas. Another part of the Commerce Department, the Economic Development Administration (EDA), makes investments that help fund business incubators like SkySong. In fact, EDA helped create SkySong's technology transfer accelerator, known as Furnace, in 2012.

The investments in entrepreneurs have already paid off for Arizona. According to a 2012 study by the Greater Phoenix Economic Council, SkySong-based companies, which range from start-ups to large companies like Ticketmaster and, have generated more than $460 million in economic impact for the Greater Phoenix area since SkySong's inception in 2008.

As part of its mission to help create an environment that stimulates economic growth and job creation, the Department of Commerce is dedicated to identifying and supporting successful programs for workforce training and entrepreneurship.

Secretary Penny Pritzker Meets with Saudi Entrepreneurs About Challenges and Opportunities in the Region

On Tuesday night, Commerce Secretary Penny Pritzker met with a dozen Saudi entrepreneurs in Riyadh, Saudi Arabia, as part of her trade mission to the Middle East. The entrepreneurs work in a variety of sectors, including retail, real estate, food services, and more.

Secretary Pritzker briefly discussed her experiences as an entrepreneur with more than 27 years in business. Then, the male and female participants shared their own stories of entrepreneurship, and discussed challenges and opportunities for entrepreneurs in the region.

The attendees ranged from: a hamburger chain owner who built his first restaurant in 2009 with four employees and now has 17 franchises and 130 employees across the country; an entrepreneur who created a new real-estate-development division at his family’s business; and, a serial entrepreneur who launched an electronic recycling facility, an investment company, and a design school.

The group discussed the importance of education and skills training for entrepreneurs. Secretary Pritzker highlighted the success of the King Abdullah Scholarship Program, which sends tens of thousands of students to study at U.S. universities each year.

Secretary Penny Pritzker Announces $600,000 Investment to Support Entrepreneurship and Job Creation in Louisiana

Secretary Penny Pritzker hears from entrepreneurs at Idea Village in New Orleans, Louisana

Secretary Penny Pritzker today announced that the Department’s Economic Development Administration (EDA) is awarding a $600,000 grant to The Idea Village, Inc., of New Orleans, La., to support programs that assist entrepreneurs in building their businesses and creating jobs. Secretary Pritzker is in New Orleans today as part of her nationwide listening tour, and made the announcement at The Idea Village after meeting with local entrepreneurs, mentors and business leaders.

The EDA investment announced today will support more than 300 businesses, according to grantee estimates. Specifically, it will fund additional technical assistance programs, especially in such growing fields as technology, biomedical engineering, and media production; help with expansion of The Idea Village’s successful “Entrepreneur Season,” a six-month-long program of business assistance and education; and support more forums, workshops, and networking sessions that will be offered during New Orleans’ Entrepreneur Week. EDA previously awarded two grants to The Idea Village – $800,000 in 2009 and $400,000 in 2011 – which helped the organization build their capacity to assist entrepreneurs.

To learn more about the U.S. Economic Development Administration, visit

EDA Investments: Supporting Entrepreneurship and Job Creation

Map of U.S. showing entrepreneurship rates

What do the states of Montana, Vermont, New Mexico, Alaska, and Mississippi have in common? They are, according to a report published this spring by the Kauffman Foundation, Index of Entrepreneurial Activity, 1996–2012, the states that posted the highest rates of entrepreneurial activity in 2012.

According to the Kauffman Foundation report:

• Montanans operate 530 businesses per 100,000 adults, Vermonters and New Mexicans operate 520 businesses per 100,000 adults, and Alaskans and Mississippians operate 430 businesses per 100,000 adults.

• A most important measure—the formation of businesses with employees—held steady from 2011 to 2012: At 0.11 percent (meaning 11 employer businesses per 100,000 individuals), an average of 193,000 new employer businesses were formed each quarter in 2012.

This is important, and good, news about our economy. And these states should be applauded for what they are doing to foster entrepreneurship, which is a driver of economic growth and prosperity.

Support for entrepreneurship is a central part of the Economic Development Administration’s mission as it works to establish a foundation for sustainable job growth and the building of durable regional economies throughout the United States.

Spotlight on Commerce: Teresa Rea, Deputy Under Secretary of Commerce for Intellectual Property (USPTO)

Teresa Rea on podium

Ed. Note: This post is part of the Spotlight on Commerce series, which highlights members of the Department of Commerce who are contributing to the president's vision of an America Built to Last.

As Deputy Under Secretary of Commerce for Intellectual Property, I work alongside David Kappos in advising the President of the United States, and other members of the Obama administration, on matters relating to Intellectual Property (IP) policy. When wearing my Deputy Director of the United States Patent and Trademark Office (USPTO) hat, I help oversee the process by which our nation grants IP rights for cutting-edge innovations and technological breakthroughs. By protecting brands and ideas through trademarks and patents, companies are more readily able to attract investments, hire more employees, spur additional research & development, distribute their products in the marketplace and spawn new growth in new industries.

Acting Deputy Secretary Rebecca Blank Swears In Nine New Patent Judges to Help Reduce Patent Backlogs

Acting Deputy Secretary Blank Delivers Remarks at Swearing-In Ceremony for New Patent Judges

Guest blog post by Acting Deputy Secretary of Commerce Rebecca Blank

As part of our ongoing efforts to make government more accountable to the American people and cut wasteful spending, this afternoon I had the honor of swearing in nine new administrative patent judges who will help reduce patent backlogs. These nine talented and dynamic individuals will serve on the Board of Patent Appeals and Interferences in the U.S. Patent and Trademark Office (USPTO), joining the dedicated public servants at USPTO who support millions of jobs in the intellectual property industry.

Today, a high share of companies regularly relying on robust intellectual property (IP) protections to attract investor capital and stay competitive. These IP-intensive firms create an average of three million U.S. jobs per year. More than ever, we must be efficient and effective in helping entrepreneurs protect their intellectual property.

America’s entrepreneurs are the primary source of new ideas that drive innovation. Entrepreneurs provide us with better production processes, new advances in health, and improved consumer products. These are people who can move from ideas to products and from products to the marketplace. These activities strengthen our economy and our global competitiveness. And they create jobs.

Minority Business Development Agency: Helping Rural Business Owners Create Jobs

Image of products from Sister Sky

Since the start of this administration, the Minority Business Development Agency has helped minority-owned firms gain access to $7 billion in contracts. Those firms are located in cities and rural communities throughout the country. However, what these firms have in common is their tenacity, innovation and creativity.

MBDA has made a point of ensuring that minority-owned firms are given access through our 50 center touch points located throughout the country. Among our MBDA business centers is the Native American Business Enterprise Center (NABEC) program.

Each NABEC leverages project staff and professional consultants to provide a wide range of direct business assistance services to eligible Native American, tribal entity and minority-owned firms.

MBDA’s NABEC services include initial consultation and assessments, business technical assistance, and access to federal and non-federal procurement and finance opportunities.

Standards Boost Business: Competing in a 21st Century Economy

Standards Boost Business logo

Guest blog post from S. Joe Bhatia, President and CEO, American National Standards Institute

From alternative energy and nanotechnology to electric vehicles, vast opportunities for U.S. innovation and economic growth are developing in new and expanding industry sectors. As the U.S. ramps up its efforts to create jobs for the 21st century economy, there is an incredibly powerful tool at hand that can help U.S. industry tap into these technologies and out-innovate competitors in the global market.

I’m talking about standardization – and there has never been a better time for American businesses to leverage standards and conformance to gain a powerful trade advantage. Standardization not only informs the direction of innovation, it impacts the strength of the American workforce. Standards have the potential to accelerate the idea-to-market cycle, increase the number of U.S. products and services, and save companies millions of dollars. In short, standards have the power to turbo-charge innovation and fuel business growth.

That’s why the U.S. standardization community has launched the Standards Boost Business outreach initiative – to help companies understand the strategic and economic value of standards to business and to our overall national competitiveness.

MBDA Helps Minority-Owned Businesses Win the Future

Workers installing solar panels on reservation building

Commerce's Minority Business Development Agency (MBDA) is enabling job creation and growth within minority-owned companies as they expand through innovation and untapped resources. MBDA has 50 business development centers and regional offices throughout the country and is preparing to open its newest business center in Cleveland, Ohio, in September to continue to create an environment for support, technical training and access to capital, contracts and to markets for business owners there.

Knowing that many jobs of the 21st century will be in clean and renewable energy, green technology, and Healthcare IT, the MBDA Business Centers are reaching out to minority-owned firms so they can expand into those new areas and keep communities strong and workers employed.

For example, MBDA client Sacred Power Corporation Inc. based in Albuquerque, New Mexico, is a Native-American-owned renewable and distributive energy manufacturer. Sacred Power operates on the principle that “the world in which we live can change its current direction and dependence on polluting energy sources and convert to renewable technologies that provide clean, long-term solutions to today’s energy problems.”

Secretary Locke Discusses Sustainable Economic Growth at APEC SME Summit in Japan

Secretary Locke Speaks at the APEC Small And Medium Sized Business Summit

Delivering remarks at the Asia-Pacific Cooperation (APEC) Small and Medium Enterprises (SME) Summit in Yokohama today, U.S. Commerce Secretary Gary Locke spoke about the efforts APEC is making to build an environment more conducive to job growth and innovation, and how business leaders must assume more responsibility to do the same.  

The Summit was hosted by the Japanese Chamber of Commerce and Industry (JCCI), which represents 515 local chambers of commerce and industry and boasts 1.35 million members all over Japan. More than 95 percent of its members are SMEs.

As the U.S. representative to the APEC SME working group, Locke highlighted the steps the U.S Commerce Department is taking to promote opportunity and job creation throughout the Asia-Pacific region – from cultivating the development of small- and medium enterprises to addressing innovation and intellectual property rights.  He also called on the assembled business leaders to get more involved in communicating to political leaders and other stakeholders what they do, how they contribute to their community, and what policies they need to succeed.  The Secretary also talked about the increasing importance of corporate social responsibility in helping businesses prove their value to the communities where they operate.

EDA Announces Competition to Bring Innovative Ideas to Market

The i6 Challenge Logo

The i6 Challenge is a new $12 million innovation competition administered by the Economic Development Administration (EDA) of the U.S. Department of Commerce, in partnership with the National Institutes of Health (NIH) and National Science Foundation (NSF). EDA will award up to $1 million to each of six winning teams with the most innovative ideas to drive technology commercialization and entrepreneurship in their regions. NIH and NSF will award a total of up to $6 million in supplemental funding to their SBIR grantees that are associated or partnered with the winning teams. (More) (Press release—PDF)

Secretary Locke Highlights the Importance of Entrepreneurship at Opening of Presidential Summit

Secretary Locke on Panel at Opening of Presidential Summit. Click here for larger image.

U.S. Commerce Secretary Gary Locke opened the Presidential Summit on Entrepreneurship at the Ronald Reagan International Trade Center addressing hundreds of entrepreneurs, business leaders, educators, and stakeholders from over 50 countries on five continents. Together with President Obama, the Commerce and State Departments hosted the summit, highlighting the work and talents of entrepreneurs from Muslim-majority countries and Muslim communities around the world. Following his remarks, Locke moderated the opening panel discussion on successful entrepreneurship. (Remarks) (Fact sheet)

Commerce Secretary Locke Addresses Economic Development Professionals at Federal Forum

U.S. Department of Commerce seal.

U.S. Commerce Secretary Gary Locke delivered remarks at the International Economic Development Council’s (IEDC) Federal Economic Development Forum today. Locke spoke about the critical role federal economic development agencies play in fostering innovation and entrepreneurship within local communities. The IEDC works to help economic development professionals create high-quality jobs, develop vibrant communities and improve the quality of life in their regions. Assistant Secretary of Commerce for Economic Development John Fernandez joined Locke at the forum. (Remarks)

Commerce Secretary Gary Locke Announces Plans for Forum on R&D Commercialization at Universities

Locke at podium. Click for larger image.

Photo: National Press Club

U.S. Commerce Secretary Gary Locke announced today his plans to host a forum with university leaders and key stakeholders on the roles of universities in innovation, economic development, job creation, and commercialization of federally funded research next month in Washington, D.C. “It’s not tenable for the United States to continue with the status quo,” Locke said at the Kauffman Foundation’s State of Entrepreneurship event. (More) (Remarks)

Presidential Summit on Entrepreneurship Now Accepting Nominations for Delegates

Image of video screen. Click to go to entrepreneurship Web site.

In his June “A New Beginning” speech in Cairo, President Obama announced that the U.S. will host a Summit on Entrepreneurship to identify how we can deepen ties between those focused on advancing entrepreneurship in Muslim communities around the world. Today, the Commerce Department’s new Office of Innovation and Entrepreneurship begins accepting nominations for delegates to the Presidential Summit on Entrepreneurship on its website, (More)

Commerce Secretary Gary Locke Launches Twitter Account

Twitter logo.

Image Credit: Twitter

U.S. Commerce Secretary Gary Locke has launched a Twitter account in an effort to connect with Americans from all walks of life, especially U.S. businesses and entrepreneurs that use the microblogging service. “Really excited to start tweeting! Innovation is the growth engine of the American economy & this is a great place to talk about that,” Locke's first tweet, from the Inc. 500/5000 conference, read. At the conference, attended yesterday by representatives of successful start-up businesses, Locke also announced the Commerce Department's new Office of Innovation and Entrepreneurship. To follow Locke, visit (More)

Secretary Locke Announces New Commerce Initiatives to Foster Innovation and Entrepreneurship

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U.S. Commerce Secretary Gary Locke announced his plans to create a new Office of Innovation and Entrepreneurship within the Department of Commerce and launch a National Advisory Council on Innovation and Entrepreneurship. Both substantial new initiatives will help leverage the entire federal government on behalf of promoting entrepreneurship in America. The new office is expected to announce additional initiatives in the coming months. (More)