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Blog Category: Jobs

The American Jobs Act: Tax Relief for Every American Worker and Family

President Obama urges passage of American Jobs Act (White House news conference photo)

President Barack Obama continues to urge Congress to approve the American Jobs Act, introduced in September, which contains a focus on tax relief for American workers and their families.

The president's plan envisions putting more money in the pockets of every American worker and family:

  • Cutting Payroll Taxes in Half for 160 Million Workers Next Year: The President’s plan will expand the payroll tax cut passed last December by cutting workers payroll taxes in half next year. This provision will provide a tax cut of $1,500 to the typical family earning $50,000 a year. As with the payroll tax cut passed in December 2010, the American Jobs Act will specify that Social Security will still receive every dollar it would have gotten otherwise, through a transfer from the General Fund into the Social Security Trust Fund.
  • Helping More Americans Refinance Mortgages at Today’s Historically Low Interest Rates: The President has instructed his economic team to work with Fannie Mae and Freddie Mac, their regulator the FHFA, major lenders and industry leaders to remove the barriers that exist in the current refinancing program (HARP) to help more borrowers benefit from today’s historically low interest rates. This has the potential to not only help these borrowers, but their communities and the American taxpayer, by keeping borrowers in their homes and reducing risk to Fannie Mae and Freddie Mac.   White House news conference video   |   American Jobs Act Fact Sheet

The American Jobs Act: Tax Cuts to Help America’s Businesses Hire and Grow

Categories:
The American Jobs Act Cover

President Obama held a press conference today to continue his fight for Congress to pass the American Jobs Act. He explained what needs to happen to boost economic growth in the United States. One of the key proposals are tax cuts for small businesses. The president’s plan includes new tax cuts to businesses that provide immediate incentives for firms to hire and invest. These tax cuts would be available to all businesses, regardless of size, but are designed to target their impact towards the smallest businesses.

Key elements of his proposal are:

  • A payroll tax cut to businesses, with a focus on small employers ($65 billion in combination with the payroll tax holiday for new wages)
  • A complete payroll tax holiday for new jobs or wage increases
  • Extend 100 percent business expensing through 2012 ($5 billion)
  • Help entrepreneurs and small businesses access capital and grow

A payroll tax cut to businesses, with a focus on small employers ($65 billion in combination with the payroll tax holiday for new wages)

The president’s plan will extend the payroll tax cut to firms by cutting in half their payroll tax on the first $5 million in payroll. Next year, instead of paying 6.2 percent on their payroll expenses, firms would pay only 3.1 percent. The president’s plan would provide tax cuts for all firms, with focused relief on the 98 percent with less than $5 million in payroll.

How It Would Work for a Typical Firm: A construction firm with 50 workers earning an average of $50,000 a year–for a total payroll of $2.5 million–would receive a payroll tax cut of 3.1 percent of its total payroll, or about $80,000. The firm’s workers would receive an average tax cut of about $1,500 a year from the employee side payroll tax cut in the president’s plan.

The American Jobs Act: Pathways Back to Work for Americans Looking for Jobs

American Jobs Act logo

President Obama continues to call upon Congress to pass the American Jobs Act. He has explained how his proposals will benefit the unemployed and put money back in Americans' pockets. One proposal includes Pathways Back to Work for Americans Looking for Jobs. This section of the president’s plan would help out-of-work Americans and their families by extending unemployment insurance to prevent six million Americans looking for work from losing their benefits, while at the same time reforming the system to help support programs that build real skills, connect to real jobs, and help the long-term unemployed. The president’s plan is targeted to address long-term unemployment in an aggressive, multi-pronged way, drawing from ideas about what is working from around the country and from both parties. 

Key elements of his proposal are:

  • The most innovative reform to the unemployment insurance program in 40 years: As part of an extension of unemployment insurance to prevent five million Americans looking for work from losing their benefits, the president’s plan includes innovative work-based reforms to prevent layoffs and give states greater flexibility to use Unemployment Insurance (UI) funds to best support job-seekers and connect them to work.
  • A $4,000 tax credit to employers for hiring long-term unemployed workers.
  • Prohibiting employers from discriminating against unemployed workers when hiring.
  • Expanding job opportunities for low-income youth and adults by investing in promising and proven strategies and programs like summer jobs and sector-based training programs.

White House fact sheet

So What's in the Trade Agreements with Colombia, Panama and Korea?

Yesterday, President Obama sent three trade agreements to Congress for approval. While each of the trade agreements were negotiated differently, they all share one common goal - to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets. Each supports President Obama’s National Export Initiative goal of doubling U.S. exports by 2015.

All Trade Promotion Agreements have one thing in common. They reduce barriers to U.S. exports, and protect U.S. interests and enhance the rule of law in the partner country. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to export their products and services to trading partner markets.This results in jobs here in America.

The most common question about these agreements is, "What exactly is in them?" Below the fold are some of the key specifics for each agreement.

Obama Administration Jobs & Innovation Accelerator Competition Boosts New York’s Renewable Energy Cluster

Assistant Secretary of Commerce for Economic Development John Fernandez at the State University of New York Orange campus in Newburgh, New York celebrating the award of $1.95 million in federal Jobs & Innovation Accelerator Challenge funding.

Guest blog post by John Fernandez, U.S. Assistant Secretary of Commerce for Economic Development

I was pleased to join U.S. Congressman Maurice Hinchey today at the beautiful State University of New York Orange (SUNY Orange) campus in Newburgh, New York to celebrate the award of $1.95 million in federal Jobs & Innovation Accelerator Challenge funding to catalyze the growth of the Hudson Valley region’s alternative energy cluster.

The federal investments will help to establish the New York Renewable Energy Cluster (NYREC) by allowing The Solar Energy Consortium (TSEC) to expand its industry-led clean energy manufacturing cluster into Orange County through a partnership with Orange County Community College and Gateway to Entrepreneurial Tomorrows (GET).

The Jobs & Innovation Accelerator Challenge (JIAC) is just one example of how the Obama administration is collaborating to ensure a smarter use of existing federal resources to foster regional innovation in support of sustainable economic prosperity. 

Supporting bottom-up regional strategies through inter-agency collaboration is not only smart government, but the type of support regional economies need to grow and prosper.  It’s not about new programs, it’s about better programs.  It’s not about new money, but smart money.

Building a 21st Century Patent and Trademark Office

Director Kappos takes questions while at the Brookings Institute

Today, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO) David Kappos addressed the Brookings Institution’s Center for Technology Innovation, outlining how comprehensive patent reform, signed into law by President Obama two weeks ago today, impacts American innovation, American jobs and American leadership. Representing the most significant overhaul of the U.S. patent system in a generation, the America Invents Act (AIA) transforms how patents are obtained, challenged, and valued in acquisition, licensing, and litigation settlement discussions.

In the centuries since the first patent examiner—Thomas Jefferson—reviewed and granted the first U.S. patent, our nation has observed sweeping revolutions in the pace of innovation—but with no comprehensive legislative adjustment in patent policy.

By building out the world’s only 21st century Patent and Trademark Office, equipped to manage the demands of a globalized economy, this new law enables a better resourced USPTO to grant intellectual property rights with greater speed, greater quality, greater clarity and greater enforceability. It also advances the President’s overall strategy of deploying American innovation to build businesses and build jobs.

Maryland Governor O'Malley Urges Investment in Cybersecurity Education

Gov. Martin O'Malley on podium

Maryland Governor Martin O'Malley addressed several hundred educators,  IT experts, and others at the National Institute of Standards and Technology (NIST) yesterday as part of a workshop hosted by the National Initiative for Cybersecurity Education (NICE), a national campaign coordinated by NIST.

Calling cybersecurity an "urgent priority," O'Malley emphasized the need for government and the private sector to work together to "invest in the skills of our people" and create new jobs in the cyber field. In part, he said job creation will depend on “how quickly we move good ideas from labs to the commercial sector.”

O’Malley described a state-wide cybersecurity initiative begun three years ago that includes partnerships with Maryland-based federal labs such as NIST and the National Security Agency, enhanced technology transfer efforts, and expansion of the cybersecurity career pipeline. He also discussed several programs that the state of Maryland has implemented in Science, Technology, Engineering and Mathematics (STEM), education at the college level and in career and technical education at the high school level to improve education in cybersecurity.

He noted that "a modern economy requires modern investment," and "the single most important investment is the investment in public education."

Acting Secretary Blank Encourages Innovation in Green Energy Technologies

Acting U.S. Commerce Secretary Rebecca Blank delivered the keynote address at a green energy conference today hosted by Commerce’s United States Patent and Trademark Office (USPTO), the Economic Development Administration (EDA), the Brookings Institution and the Clean Energy Group at USPTO headquarters in Alexandria, Virginia. The conference was held for policy makers from federal, state, and foreign governments, and industry and academia. Under Secretary of Commerce for Intellectual Property and Director of the USPTO David Kappos, EDA Assistant Secretary of Commerce for Economic Development John Fernandez and Connecticut Gov. Dannel Malloy also participated.

In her remarks, Blank focused on issues facing clean energy development today and ways to overcome obstacles through more strategic state and federal policy. Blank highlighted efforts by Obama administration initiatives aimed at creating jobs, increasing exports and securing America’s energy future. Topics at the forum included technology transfer and commercialization, public investment, procurement and policy, federal and state economic support for clean energy industries, and international collaboration on clean energy technologies.  Remarks

Acting Secretary Blank and USPTO Director Kappos Join President Obama at the America Invents Act Signing Ceremony

President Barack Obama signs the America Invents Act into law at Thomas Jefferson High School for Science and Technology in Alexandria, Virginia, Sept. 16, 2011. (Official White House Photo by Lawrence Jackson)

At a ceremony at the Thomas Jefferson High School for Science and Technology in Alexandria, Virginia, President Obama today signed the America Invents Act into law, representing historic patent reform legislation that will help American entrepreneurs and businesses bring their inventions to market sooner, creating new businesses and new jobs. Passed with the president’s consistent leadership and strong bipartisan support, the America Invents Act represents the most significant reform of the Patent Act since 1952, and will help American companies and inventors who have suffered costly delays and unnecessary litigation focus on innovation and job creation.

Innovation is the primary source of economic growth, job creation,
and U.S. competitiveness in today’s global economy. An efficiently operating intellectual property system is critical to our ability to spur innovation and bring new services and products to the marketplace faster. For investors, patents are strong indicators of market potential for new companies; and for inventors, they are often vital to attracting investment. 

"Our success in creating the conditions that spur new ideas, and our commitment to investing in the education, research and development priorities that help shape our country’s innovation infrastructure, will determine the opportunities of future generations,” Acting Commerce Secretary Rebecca Blank said. “These issues will determine whether or not America is home to the industries that will fuel economic growth–and the jobs that come with it - in the 21st century.”

Aneesh Chopra, on the White House Blog, said, "By transitioning to a simpler, more objective, and more inventor-friendly system of issuing patents, the new Act helps ensure that independent inventors and small entities have greater clarity and certainty over their property rights and will be able to navigate the patent system on a more equitable footing with large enterprises."

The Act also establishes a new in-house review process for challenging patents—a process that is faster and significantly cheaper than litigation, which too often stymies technological growth. By resolving disputes about patent rights earlier, more efficiently, and at lower cost, we can  add greater certainty to—and cultivate greater confidence it—the American patent system."

United States Patent and Trademark Office Director David Kappos and U.S. Chief Technology Officer Aneesh Chopra hosted an Open for Questions event on WhiteHouse.gov at 5:00 p.m. EDT on Friday, September 16th. If you missed it, you can watch the entire Q&A session on the White House blog.

Acting Secretary Blank, SBA Administrator Mills, Mayor Nutter Highlight Federal Support for Philadelphia’s Entrepreneurs and Small Businesses

Acting Secretary Blank, SBA Administrator Mills, Mayor Nutter, CEO Desh Deshponde at NACIE in Philadelphia (Photo: Jason Heritage, Ben Franklin Partners)

Acting U.S. Commerce Secretary Rebecca Blank, along with Small Business Administration Administrator Karen Mills, Philadelphia Mayor Michael Nutter and Assistant Secretary of Commerce for Economic Development John Fernandez, addressed the media today in Philadelphia in conjunction with a meeting of the National Advisory Council on Innovation and Entrepreneurship (NACIE) to discuss federal support for area entrepreneurs and small businesses, research and commercialization efforts in the private sector, and the President’s American Jobs Act. 

The event was held before a crowd of local business leaders at The Navy Yard - a business incubator and home to the new Greater Philadelphia Innovation Cluster for Energy Efficient Buildings.

"The Navy Yard is a prime example of both a growing regional innovation cluster and the value of public-private partnerships that support innovation and entrepreneurship," Acting U.S. Commerce Secretary Blank said. "It is part of the rebuilding of America's very economic foundation with investments in the building-block priorities that will help ensure the U.S. is home to the industries of the 21st century and the jobs they support."

Blank called for swift passage of the President’s American Jobs Act to help put more people back to work and put more money in the pockets of working Americans. The plan calls for cutting in half the payroll tax that comes out of every worker's paycheck, saving families an average of $1,500 a year. It also provides a payroll tax cut to 98 percent of businesses and eliminates the payroll tax on a firms’ new hires or employees to whom they give a raise.

President Obama’s American Jobs Act Is a Win for Workers and Employers

Image of President Obama and AJA logo

Last night President Obama explained his proposal for putting creating jobs now and putting Americans back to work before Congress. In addition to giving the economy a shot in the arm with more money in the pockets of working Americans, his proposed American Jobs Act has several new ideas, backed by both Democrats AND Republicans, which are a win for businesses and employers. The President is focused on rebuilding the economy the American way, through the ingenuity and hard work of the American people.

Businesses and employers stand to win under the President’s American Jobs Act in various ways.

It offers tax relief:

  • A payroll tax cut for 98 percent of small businesses
  • A complete payroll tax holiday for added workers or increased wages
  • Extending 100 percent capital expensing into 2012
  • Reforms and regulatory reductions to help entrepreneurs and small businesses access capital

Financial rewards for hiring workers:

  • A tax credit from $5,600-$9,600 for hiring of unemployed veterans
  • New contracts for modernizing public schools, homes and businesses
  • A bipartisan-supported National Infrastructure Bank which provides capital and contracts to upgrade and build vital roads, rails and airports.
  • A $4,000 tax credit for hiring long-term unemployed workers
  • Allowing workers to earn unemployment insurance if they choose to work share over layoffs.

Learn more about the benefits of the American Jobs Act.

Chatting with Citizens in Cincinnati about President Obama’s Job Plan

Acting Secretary Rebecca Blank enjoys Graeter's Ice Cream while on a tour with CEO Rich Graeter. Also enjoying the ice cream is Cincinnati Mayor Mark Mallory.

Guest blog post by Dr. Rebecca Blank, Acting Secretary of the U.S. Department of Commerce.

First thing this morning, I’ll be on a plane to Cincinnati to join Mayor Mark Mallory for a visit to Graeter’s Ice Cream, a locally and family owned ice cream company founded in 1870. At Graeter’s, I'll explain the details of President Obama’s American Jobs Act, specifically how it will spur economic growth and accelerate job creation. 

After my tour (and hopefully a sample or two of that ice cream), I will host a White House Business Council roundtable discussion with local business leaders to discuss the jobs plan in further detail, challenges facing America’s business community, ways to improve U.S. economic competitiveness and the help that is available to businesses from agencies across the federal government. 

Before the end of the day, I’ll be sitting down with the editorial board of the Cincinnati Enquirer to answer all their questions about President Obama’s jobs plan.

The American Jobs Act is a set of ideas that have been supported by both Democrats AND Republicans that needs to be passed right away. This plan will put more people back to work and more money in the pockets of working Americans. As the folks in Cincinnati will attest, Americans are working hard each and every day to meet their responsibilities. The only question now is whether Washington will meet its responsibilities. The time for obstruction and gridlock is over. Congress needs to pass the American Jobs Act.

UPDATE: Read Acting Secretary Blank's remarks

MBDA Opens New Business Center in Cleveland

Director Hinson and officials shown with presentation check

Cleveland is the home of the U.S. Commerce Department’s Minority Business Development Agency’s (MBDA) newest business center. On Thursday, Sept. 1, more than 250 people turned out for the Cleveland MBDA Business Center’s grand opening and press conference held at the Wyndham Hotel.

U.S. Senator Sherrod Brown (D-Ohio) and Congresswoman Marcia Fudge, (D-Ohio) delivered remarks; and Cleveland Mayor Frank Jackson presented a proclamation recognizing the center’s role in the city.

MBDA National Director David Hinson delivered remarks to the crowd, challenging business owners to take advantage of the new opportunities that will be available through the business center in creating access to capital, contracts and markets.

The $1,125,000 five-year federal grant check was presented to center operator Andrew Jackson, Senior V. P. and Executive Director of the Commission on Economic Inclusion, Greater Cleveland Partnership.

Following the open house and tour of the center, a select group of minority business owners and key economic development stakeholders were invited to a White House Business Roundtable, where business owners shared in a candid conversation about their issues and concerns.

Director Hinson challenged business owners to consider what their companies specifically need to create “one more job.”  

MBDA Business Centers assist minority entrepreneurs with strategic business consulting services. Centers work directly with minority business owners and managers at the local level and provide enhanced assistance through MBDA’s national strategic partners, both within the federal government and the private sector.  

Acting Secretary Blank Tours Steel Facility in Warren, Ohio

 Acting Secretary Rebecca Blank Tours Thomas Steel in Warren, OH

Blank highlights Obama administration economic initiatives and new Commerce program designed to attract foreign investment, create jobs

Acting U.S. Commerce Secretary Rebecca Blank traveled to Warren, Ohio, today to tour Thomas Steel Strip Corporation, a member of the Tata Steel Europe Group and a manufacturer of cold-rolled strips usually used as steel casings for batteries. Thomas Steel employs more than 250 people.

After the tour, Blank discussed the importance of strengthening our education, infrastructure and innovation capacity as ways to rebuild our economic foundation, create jobs and enhance our global competitiveness. She also underscored the steps the administration has already taken to achieve these priorities–from investing in community colleges and funding transportation projects across the country, to launching the President’s National Export Initiative and pushing to shorten the time it takes to approve a patent. 

Blank also highlighted the significance of foreign direct investment (FDI), citing Tata Steel as an example of foreign companies whose investments the U.S. must attract more of to strengthen economic growth and job creation.  With FDI supporting more than five million American jobs, Blank discussed a new government-wide initiative, housed at Commerce–SelectUSA–which seeks to cut federal red tape for domestic and foreign investors, remove barriers to new investment and boost business growth in the United States. 

EDA Promotes Economic and Job Growth in Rural America

August 24, 2011 - U.S. Assistant Secretary of Commerce for Economic Development John Fernandez, Federal Co-Chairman of the Delta Regional Authority Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture, participate in White House Rural Council Roundtable in Pine Bluff, AR.

Guest Blog by John Fernandez, Assistant Secretary for Economic Development.

President Obama has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. He signed an Executive Order in June establishing the first White House Rural Council. The Administration has also set goals of modernizing infrastructure by providing broadband access to 10 million Americans, expanding educational opportunities for students in rural areas, providing affordable health care, promoting innovation and expanding the production of renewable energy.  

Last week, as part of his three day bus tour, President Obama stopped in Peosta, Iowa to participate in the White House Rural Economic Forum, which brought together farmers, small business owners, private sector leaders, rural organizations, and government officials to discuss ideas and initiatives to accelerate hiring and spur innovation in rural America. The President has also announced a series of initiatives that leverage existing programs and funding to help small businesses and meet the critical needs in rural communities. In the coming weeks, the President will put forth additional proposals that will help put people back to work and give the middle class greater economic security. Promoting economic and job growth in rural communities is central to these goals.

The U.S. Commerce Department’s Economic Development Administration (EDA) has been investing to strengthen rural economic ecosystems for over four decades. Earlier this week, I traveled to Louisiana, Tennessee and Arkansas with Federal Co-Chairman of the Delta Regional Authority (DRA) Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture to conduct project site visits and participate in White House Rural Council Roundtables in Houma and Bastrop, LA as well as Pine Bluff, AR. We heard from stakeholders in the region about how the federal government has and can be a better partner as we invest in rural economies.

On August 26, 2011, EDA will host a webinar to discuss best practices to promote rural small business development. White House Rural Council members Chris Masingill of DRA and Federal Co-Chairman of the Appalachian Regional Commission (ARC) Earl Gohl will share best practices and successes with close to 400 participants.

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.

Winning the Future in Detroit: Public-Private Partnerships Advance Economic Transformation

Members of the Detroit Regional Chamber pictured meeting with Fernandez and Baruah

Guest blog post by John Fernandez, U.S Assistant Secretary of Commerce for Economic Development, Department of Commerce's Economic Development Administration

Last week, I had the pleasure of visiting Detroit, Mich., to see firsthand how close collaboration between the public and private sectors is working to transform the region’s economy and create the businesses and jobs of the future.  I was pleased to be joined by Sandy Baruah, President and CEO of the Detroit Regional Chamber and also my predecessor at the U.S. Department of Commerce during the Bush administration. 

The trip was a great opportunity to witness how the economic landscape in America’s "Motor City" is being transformed, particularly around the emerging and robust information technology and robotics cluster, which is thriving due to the city’s skilled talent pool, affordable retail opportunities and urban attractions such as the Fox Theater and Detroit Opera House.

There is something positive in the air in Detroit and the local economy is reaping the benefits. From the mayor, to members of Congress, to business leaders, to community stakeholders—there is a shared commitment to strengthen the city and create new jobs. Vibrant public-private partnerships are being leveraged and driving growth.

Women in STEM: An Opportunity and An Imperative

Gender Shares of Total and STEM Jobs, 2009

Today Commerce's Economic and Statistics Administration released the second in a series of reports on science, technology, engineering and mathematics (STEM). This report, entitled Women in STEM: A Gender Gap to Innovation (PDF), looked at women and STEM. The results offer an opportunity and an imperative for women and America. The results showed that women are vastly underrepresented in STEM jobs and among STEM degree holders despite making up nearly half of the U.S. workforce and half of the college-educated workforce. That leaves an untapped opportunity to expand STEM employment in the United States, even as there is wide agreement that the nation must do more to improve its competitiveness.

Other key findings are:

  • Although women fill close to half of all jobs in the U.S. economy, they hold less than 25 percent of STEM jobs. This has been the case throughout the past decade, even as college-educated women have increased their share of the overall workforce.
  • Women with STEM jobs earned 33 percent more than comparable women in non-STEM jobs–considerably higher than the STEM premium for men. As a result, the gender wage gap is smaller in STEM jobs than in non-STEM jobs.
  • Women hold a disproportionately low share of STEM undergraduate degrees, particularly in engineering.
  • Women with a STEM degree are less likely than their male counterparts to work in a STEM occupation; they are more likely to work in education or healthcare

For more information on this topic, read Chief Economist Mark Doms's blog post about the report and ESA's first report on STEM: Good Jobs Now and For the Future.

NOAA: Cultivating the Next Generation of STEM Workers, One Student at a Time

NOAA’s Ernest F. Hollings scholarship program students on Chesapeake Bay field study  (NOAA photo)

You’ve probably heard the term in the news of late. “STEM jobs” in science, technology, engineering and mathematics, are the new “It” jobs.

A report from Commerce’s Economics and Statistics Administration discussed recently in this blog had good news for present and future STEM workers. Among its key findings, the report notes that in the past 10 years:

  • Growth in STEM jobs was three times greater than that of non-STEM jobs;
  • STEM workers earn 26 percent more than their non-STEM counterparts; and
  • Job growth in these fields will continue to grow at a faster rate than other jobs. 

As the report confirms, STEM workers are driving our nation’s innovation and competitiveness and helping America “win the future” with new ideas, new businesses and new industries.

Enter Commerce's National Oceanic and Atmospheric Administration (NOAA).

NOAA’s mission—to understand and predict changes in climate, weather, oceans and coasts, to share that knowledge and to conserve and manage coastal and marine ecosystems and resources—is central to many of today’s greatest challenges.  

Why? Climate change, extreme weather, declining biodiversity, and threatened natural resources all convey a common message: Now, more than ever, human health, prosperity and well-being depend upon the health and resilience of both natural and social ecosystems and resources.

That means we need skilled hands and inspired minds to help society prepare for and respond to weather-related events, to sustain healthy and productive ecosystems and to ensure resilient coastal communities and economies.

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.”

Jobs of the Future Today

Logo for WET Center

Guest blog post by John Fernandez, U.S. Assistant Secretary of Commerce for Economic Development

The U.S. Commerce Department’s Economic Development Administration (EDA) is investing to create the jobs of the future today. 

In Fresno, California, for example, EDA provided $1.9 million to help the Central Valley Business Incubator, Inc. (CVBI) build the Claude Laval Water and Energy Technology (WET) Incubator located on the campus of Cal State Fresno.  This vital incubator provides start-ups access to active research within the university’s labs and state of the art facilities to advance cutting edge research in the use of water to support the agricultural sector while helping grow small businesses.

Since opening their doors four years ago in 2007, WET has helped create and sustain over 15 start-ups that are developing water and energy technology innovations. They are generating real returns, creating hundreds of new jobs for Central Californians and spurring $17 million in private sector investment to help fuel the nation’s economy. One of WET’s graduates recently sold its business for $30 million.

Startups and entrepreneurs like these bring an unparalleled wealth of transformative innovations to market, especially over the past three decades — think of everything from the airplane to the automobile to Amazon.com.  These small businesses are tackling the nation’s challenges in clean energy, medicine, national security, and other fields. They will build the leading industries and jobs of the 21st century.

Spotlight on Commerce: Bryan Erwin, Director of the Advocacy Center of the International Trade Administration

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 winning the future through their work.

Bryan Erwin is the Director of the Advocacy Center of the International Trade Administration.

As the Director of the Advocacy Center of the International Trade Administration, it is my duty to ensure that sales of U.S. products and services have the best possible chance competing abroad. I am constantly reaching out to exporters and letting them know that this Administration stands ready to assist them win new business. Through our efforts at the Advocacy Center, we work very hard to ensure that America’s exports are as competitive as possible. That often means talking with foreign governments and business leaders to ensure U.S. companies competing for public international contracts aren’t at a disadvantage. I firmly believe that American companies can’t be beat if they have a level playing field. This level playing field not only helps exporters win public international contracts, it also helps put Americans back to work. In fact, we have supported over 100,000 U.S. jobs this year alone.

An example of how the Advocacy Center works occurred earlier this year when we were contacted by an aerospace company from Iowa.  They were competing against Israeli and French firms for a half a billion dollar contract to supply avionics to a South American company.  Our Regional Managers worked closely with ITA colleagues, including Trade Specialists in Iowa, Commercial Service personnel in South America, colleagues at headquarters and interagency colleagues to approve the company for advocacy and begin to work on their behalf.  In addition to great efforts by the Embassy Team, we helped to facilitate both Secretary Locke and Under Secretary Sanchez’s advocacy to their counterparts, stressing the value of U.S. goods and service and urging a transparent procurement process.  The company won the procurement and estimates that 150 jobs will be retained or created as a result.

Manufacturing: The Resurgence of American Innovation and Jobs

Tektite founder, Scott Mele, receiving the Export Achievement Award from the Department of Commerce. Scott Mele on left, Congressman Rush Holt on right.

Guest blog post from Miles Bodnar, Marketing Manager at Tektite Industries

Cross-posted on the NIST MEP blog

There’s something really great that’s going on in America right now: people are talking about manufacturing again. If you ask individuals from the baby boomer generation, they’ll tell you that manufacturing was a cornerstone of the economy when they were growing up. Everyone’s job was associated with manufacturing in one way or another and we were proud of our products Made in the USA. Manufacturing was a part of patriotism.

Since the baby boomer generation has grown up, the world has certainly changed. What hasn’t changed though is that manufacturing is still a pillar of our economy. America is still the number one manufacturing country in the world; we out-produce number-two China by more than 40 percent. Despite our economic challenges in 2009, America created an estimated $1.7 trillion worth of goods according to the United Nations. Manufacturing will always serve as the foundation of our economy for two main reasons: manufacturing challenges us to become more innovative and manufacturing growth creates jobs.

The timeline of our company, Tektite Industries, is the perfect example of this. Like many start ups, company founder Scott Mele founded Tektite in his garage in 1990, developing and distributing the most advanced and quality flashlight in the world. A year later, the organization was manufacturing a Chemical Lightstick Alternative® and Mark-Lite®, which was designed to reduce solid waste produced by chemical sticks there by creating a more “green” alternative.  Over the past 20 years, our company has developed into a vertically integrated LED lighting manufacturer that produces specialty lighting products, incorporating leading edge technology. From specialty flashlights, strobes, to signaling lights, we mold our parts, assemble our electronics, CNC machine, and stamp our metal parts all in New Jersey.

We here at Tektite Industries have only been able to evolve throughout the decades because of innovation. Manufacturing never stops–it just changes. Innovation is all about identifying ways to differentiate ourselves and implementing new ideas to serve new markets. While foreign products may be cheaper in price, we out perform all foreign competitors and produce the best quality available. We use technology and innovative ideas to train our workforce, becoming more efficient and productive while creating new jobs. This creates a ripple effect throughout our economy. It is estimated that for every new manufacturing job created, four to seven additional jobs are created for the economy.

Bringing and Keeping Business Investment in America

SelectUSA logo

Guest blog by Gary Locke, U.S. Secretary of Commerce. Cross-posted at the White House blog.

Business investment in America creates and supports millions of jobs, while generating economic growth and opportunities in communities throughout the United States.

Today at the Business Round Table in Washington, D.C., we announced a new initiative – SelectUSA – the first-ever government-wide program to aggressively pursue and win new business investment in the United States by both domestic and foreign companies.

America has the most appealing investment environment in the world, with the largest consumer market, an educated workforce, strong intellectual-property protections and open capital markets.

More than 5 million Americans are directly employed by foreign companies in the U.S., ranging from Japanese carmakers to British banks to Indian energy and industrial companies.

But at a time when competition for business investment is more intense than ever, the U.S. is the only developed economy in the world without a national-level investment program and advocacy program.

In recent years we have been losing ground in attracting and retaining business investment to better coordinated foreign competitors.

SelectUSA, established by Executive Order of the President, will leverage existing resources of the federal government to ramp up promotion of the U.S. as a prime investment destination to create jobs at home and to keep jobs from going overseas.

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U.S. Tourism is Big Business at International Pow Wow

Chart showing growth in travel and tourism

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade

The U.S. Travel Association’s International Pow Wow is the travel industry’s premier international marketplace and the largest generator of USA travel.

The three-day event is action-packed and filled with pre-scheduled business appointments, with more than 5,000 attendees expected and international and domestic buyers and representatives from more than 70 countries will be attending. The business negotiations that take place result in the generation of more than $3.5 billion in future USA travel.  In other words, Pow Wow is a big deal. 

We at the Commerce Department have enjoyed a close relationship with Pow Wow for years and added the conference into the Department’s International Buyer Program in 2011. The International Trade Administration (ITA) recruited qualified buyers from all over the world to attend Pow Wow.  There are currently 1,135 international buyer delegates, including delegations from emerging markets like China and the Czech Republic, and 1,047 U.S. companies registered for the show this year.

Hearing From Local Businesses in Minneapolis, MN: Secretary Locke Joins a White House Jobs and Competitiveness Council Listening and Action Session

UPDATED: Secretary Locke wrote about his time in Minneapolis on the White House blog.

Today, Secretary Locke traveled to Minneapolis to take part in a White House Jobs and Competitiveness Council Listening and Action Session. There, he heard suggestions from local business leaders on how the public and private sectors can work together to create jobs and enhance competitiveness for small businesses.

Secretary Locke was joined by Antonio M. Perez, Chairman and CEO, Kodak, Don Graves, President’s Council on Jobs and Competitiveness, Department of Treasury, Ron Bloom, Senior Counselor for Manufacturing Policy, President’s National Economic Council, and Darlene Miller, President and CEO, Permac Industries.

Ms. Miller and Permak Industries, located just outside Minneapolis, played host to the session. They provided Administration officials and Jobs Council Members with a tour the Permac Industries facility and then held forum discussions and Q and A sessions with local business owners to discuss ideas for creating jobs and growing business in this country.

These sessions are part of an ongoing series of regional Council Listening and Action Sessions that will take place around the country.  The purpose of the regional sessions is to respond to the President’s challenge that the Council bring new voices to the table and ensure that everyone can participate and inform the work and recommendations of the Council.  The ideas and information exchanged at these events will help inform the future policy work of the President’s Council on Jobs and Competitiveness. The first Listening and Action Session took place in Dayton, Ohio and focused on creating new markets and customers for small businesses through supply chain development, in-sourcing, and partnerships with large businesses.

NIST’s Manufacturing Extension Partnership Delivers Results

Program Helps Create and Retain Jobs, Generating $32 in Sales for Every $1 Spent

Today’s release of the latest employment statistics from the Department of Labor—244,000 jobs added in April—makes you wonder, where did these jobs come from? While we know most jobs are created by the private sector, government agencies often do have a role in fostering this job creation.  The Hollings Manufacturing Extension Partnership (MEP) program at the Commerce Department’s National Institute of Standards and Technology has done just that. 

As a public-private partnership, MEP delivers a high return on its investments to American taxpayers. In 2009, MEP helped businesses create or retain 72,075 jobs, and for every one dollar of federal investment, generated $32 in new sales growth (PDF). This return on investment translates to $3.6 billion in new sales annually among MEP clients. And for every $1,570 in federal investment, MEP creates or retains one manufacturing job. Such impressive results come from a survey of MEP clients by private marketing firm Turner Marketing, Inc.

How did MEP achieve such a large return on its investments?  First, a little history.  Congress established MEP in 1988 to help small- and mid-sized manufacturers increase growth, cut costs, and create innovative new products and services.  NIST, the federal partner in MEP, works with local and regional manufacturing experts across the United States to build a nationwide network of resources for America’s manufacturers.  Several dozen NIST staff leverage over 1,400 technical experts across the nation in every state, focused on solving manufacturers’ biggest challenges and identifying opportunities for growth.

Secretary Gary Locke Takes Nationwide New Markets, New Jobs Tour to New Orleans to Help Small Businesses Export

Locke, Van de Werken and Landrieu

U.S. Commerce Secretary Gary Locke traveled to New Orleans, La. today for the third stop of New Markets, New Jobs: The National Export Initiative Small Business Outreach Tour. Locke was joined by New Orleans Mayor Mitch Landrieu and Export-Import Bank Board Member Diane Farrell.

Locke delivered keynote remarks at the event, where he spoke about the administration’s efforts to support President Obama’s National Export Initiative (NEI), which aims to double U.S. exports in five years in support of several million new jobs. The NEI enhances the U.S. government’s trade promotion efforts, increases credit to businesses looking to export, and continues to improve efforts to remove trade barriers for U.S. companies in foreign markets.

Locke also announced the department’s CommerceConnect Gulf Coast initiative to support economic development following the BP/Deepwater Horizon oil spill, and highlighted a forthcoming announcement from the Department’s Economic Development Administration of grants to the region totaling $1.85 million. Cross-trained CommerceConnect staff – in collaboration with state and local partners – can assist Gulf Coast businesses no matter where they are in their life cycle, whether just getting off the ground or looking to expand into overseas markets, providing a one-stop connection to business assistance that can help firms compete in the global economy. 

Commerce Department to Deploy Economic Assessment Teams to Six Northeast Fishing Ports

The U.S. Commerce Department announced today that economic development assessment teams will deploy next month to conduct a two-day analysis of six Northeast fishing communities. The teams will visit Portland, Maine, Seabrook, N.H., New Bedford, Mass., Gloucester, Mass., Point Judith, R.I., and Montauk, N.Y. The assessment teams will conduct meetings with local leaders to help identify economic development challenges and opportunities facing local industries and communities. 

“The Department of Commerce is committed to supporting a vibrant and profitable fishing industry in the United States. The assessment teams will help communities identify and begin to address the economic difficulties they are facing,” Commerce Secretary Gary Locke said. “We know that by rebuilding stocks, we will improve economic conditions for fishermen and coastal communities, but we recognize that transition is difficult. We are committed to help identify proactive solutions during these challenging economic times.”

“Supporting fishermen and fishing communities with economic assessment and planning assistance is a top priority for the Department of Commerce and the administration,” said Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development. “The Northeast economic development assessment teams will play an important role in providing technical expertise to local leaders as they develop strategies to increase economic and job opportunities.”

The goal of the visits is to provide customized technical assistance for fishing communities that experienced  reductions in groundfish fishing revenues in recent years.  The Economic Development Administration (EDA), in partnership with other federal agencies, will meet with local leaders to assess current and emerging economic issues. EDA, with the assistance of the U.S. Commerce Department’s National Oceanic and Atmospheric Administration (NOAA), evaluated economic and fisheries industry data, including groundfish landing revenues and the percentage of groundfish landed at a port relative to the state totals, in order to select ports for the interagency assessments.

Secretary Locke Joined President Obama for First Meeting of the President's Council on Jobs and Competitiveness

President Barack Obama meets with the members of the President’s Council on Jobs and Competitiveness in the Eisenhower Executive Office Building, Feb. 24, 2011. From left are; General Electric CEO Jeffrey Immelt, chair of the Council on Jobs and Competitiveness; President Obama; Chief of Staff Bill Daley; and AFL-CIO President Richard Trumka. (Official White House Photo by Pete Souza)

Today, Secretary Locke joined President Obama at the White House for the first meeting of the President’s Council on Jobs and Competitiveness. Today’s meeting served as a forum on how to continue the dialogue between government and the private sector. The Council is focused on finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States. The Council’s members represent various sectors of the economy, bringing diverse perspectives on how the government can best promote growth, spark innovation, create new jobs, and invest in American competiveness so we can out-compete the rest of the world.  As part of the effort to bring diverse perspectives to the table, two of the Council Members are small business owners, representing the critical role small businesses play as the backbone of our economy and in securing America’s future prosperity.

The President and Secretary Locke talked with the Council about:

  • Helping entrepreneurs get the financing they need to get started and helping existing business owners get the financing they need to expand their businesses,
  • Ensuring that our workforce is equipped with the skills they need to out-compete the rest of the world,
  • And bolstering job growth at home by promoting American exports across the globe, especially in 21st century industries like clean energy.

See more in this White House blog post.

Secretary Locke Kicks Off 'Compete to Win' Address Series in Columbus

Locke at podium with large projection screen behind him

U.S. Commerce Secretary Gary Locke traveled to Columbus, OH, today to deliver the keynote address at the 2011 Columbus Chamber of Commerce Annual Meeting.  This event launches Locke’s “Compete to Win” address series – an ongoing outreach effort to Chambers of Commerce across the country in which Locke will listen to the ideas and concerns of members of the business community and highlight Obama administration economic policies that are designed to spur growth and support job creation.

During his address, Locke highlighted President Obama’s plans to strengthen the economic recovery, create jobs, help businesses succeed, and position America to win the future by out-innovating, out-educating and out-building our global competition.  He specifically discussed the administration’s focus on infrastructure and research and development investments, tax code reform and export promotion as top priorities that will help American businesses become more innovative, more competitive and more successful.  Locke also talked about Columbus’ own regional economic development strategy, Columbus2020!, and how administration policies will support and complement this initiative.   
 
Locke is scheduled to address the Dallas Regional Chamber on March 8 and the Metropolitan Milwaukee Association of Commerce on April 12.  Remarks

Startup America Kickoff at the White House

Secretary Locke participated in the White House launch of the “Startup America” initiative today in Washington, D.C. with U.S. Department of Energy Secretary Steven Chu, Small Business Administration Administrator Karen Mills, Director of the National Economic Council Gene Sperling, Chairman of the Council of Economic Advisors Austan Goolsbee, and a number of America’s top entrepreneurs and business leaders.

“Startup America” is a national campaign to promote high-growth entrepreneurship across the country with new initiatives to help encourage private sector investment in job-creating startups and small firms, accelerate breakthrough research, and address barriers to success for entrepreneurs and small businesses. The launch follows President Obama’s State of the Union commitment to winning the future by out-innovating, out-educating, and out-building the rest of the world.

To support this effort, the Department of Commerce plans to build on the success of last year’s inaugural i6 Challenge with i6 Green, a second competition this year focused on both regional economic development and environmental sustainability. The program aims to accelerate technology-led economic development in pursuit of a vibrant, innovative clean economy. The department is also developing the Three Track program at the U.S. Patent and Trademark Office, which would give innovators more control over application processing and support a more efficient market for innovation.  

Today’s event was one of a number of events the White House will hold this week to focus on innovation and how we can create the jobs and industries of the future by investing in the creativity and imagination of the American people. Learn more about Startup America by viewing the complete fact sheet, and learn about the independent and private-sector led campaign to mobilize private-sector commitments at Startup America Partnerships.  |  Remarks

Secretary Locke visits Arc Energy in Nashua, New Hampshire

Secretary Locke speaks during a question and answer session

Yesterday, Secretary Gary Locke traveled to New Hampshire and met with regional business leaders and toured Arc Energy, a renewable energy equipment manufacturer that specializes in solid state lighting technologies.

One day after President Obama delivered his State of the Union address, Locke reinforced the importance of strengthening America’s competitiveness by out-innovating, out-educating and out-building the rest of the world.  He discussed how a more competitive America will help rebuild the economy, create more jobs and prepare the country for challenges ahead.

Locke also discussed how the recently-passed tax cut package, which reduces the payroll tax, expands the Earned Income Tax Credit and allows businesses to temporarily expense 100% of their capital investments in 2011, benefits companies like Arc Energy.  The tax cuts package provides tax relief to 800,000 people in New Hampshire and extends unemployment benefits to 12,627 residents whose benefits would have otherwise expired.

Arc Energy develops cutting-edge technologies that substantially reduce the cost of LED lighting.  It exports products to several countries, including China and Korea, and has signed multiple contracts worth several hundred million dollars in 2011.  President Obama visited Arc one year ago and since then the manufacturer has experienced significant growth – expanding its workforce by 300 percent.  Because of the industry’s expansive supply chain, for every person Arc Energy hires, roughly four to five additional jobs are created elsewhere in the United States.

Commerce Department Highlights the Role of Intellectual Property in U.S. Innovation, Competitiveness

Kappos on podium at the Newseum in Washington with U.S. Capitol in background

The Commerce Department’s David Kappos, Under Secretary for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO), stressed intellectual property’s vital role in the innovation economy and its importance to increasing America’s global competitiveness today at a Patents, Innovation and Job Creation conference at the Newseum in Washington, D.C.

Patent-related industries make up the most dynamic parts of our economy, he said, and as a share of gross economic value, the United States invests more in intangible assets than any of its major trading partners.

As our country seeks to regain the jobs lost during the recession, inventions that could spark new businesses and jobs are waiting in the USPTO’s backlog. The Harvard Business Review recently described the USPTO as “the biggest job creator you never heard of.”  Reducing the time it takes to examine those applications is one of the highest priorities for Director Kappos and Commerce Secretary Gary Locke.

Kappos and the USPTO have launched several initiatives to shorten patent pendency and improve patent quality, and the agency will soon outline yet another plan that would give applicants the option to accelerate examination of a patent application. In his remarks today, Kappos also applauded the efforts of Congress to continue pushing for bipartisan legislation that would help the USPTO improve the patent system, expressing the agency’s strong support for patent reform.  |  Director's remarks

Commerce Department Invests $4.4 Million in Green Energy Growth in Southern Idaho

This week the U.S. Commerce Department’s Economic Development Administration (EDA) announced a $4.4 million grant to the College of Southern Idaho (CSI) in Twin Falls to help build an Applied Technology and Innovation Center that will provide training for local technicians in wind, solar, hydro and geothermal energy; green construction; and the biofuel industry.

Driving the demand for skilled employees in green energy are recent energy development projects in the region, including the construction of more than 450 wind turbines, the development of the Raft River geothermal electrical power project, and the planned installation of a 150,000 panel solar energy array.

The Center will be a 29,600-square-foot, high-technology LEED certified facility located on CSI’s campus that will help CSI meet the ever-increasing demand for a trained workforce to fill the region’s jobs in alternative energy and applied industrial mechanics.  The building will have green energy components such as exposed mechanical systems, measurement and verification equipment, solar photovoltaic and wind energy components, day lighting, natural ventilation, and geothermal heat.

The grant is one of many investments EDA makes in support of regional competitiveness and growth. The agency focuses on economically distressed communities to help create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.  EDA Release

America's Broadband Opportunity: Today the Administration is Freeing Up a Chunk of New Wireless Spectrum

This morning an opinion editorial co-written by Secretary Locke and Larry Summers ran in the Wall Street Journal. It explains the value of opening up additional wireless spectrum for innovation and economic growth.

Read the Ten-Year Plan, the Fast Track Evaluation, and learn about opening up more spectrum.

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Wireless Transmission TowerRarely is there an opportunity to simultaneously catalyze private-sector investment, help create hundreds of thousands of new jobs, and increase much needed government revenue. President Obama is seizing just such an opportunity with his commitment to nearly double the amount of available commercial wireless spectrum over the next 10 years. Today, the Department of Commerce's National Telecommunications and Information Administration (NTIA) will take the first step by announcing a plan to free up 115 megahertz (MHz) of spectrum.

Spectrum is fast becoming a pillar of America's digital infrastructure. It has enabled the mobile broadband revolution. All of our smart phones, netbooks, and the "apps" they support depend on the availability of wireless spectrum.

But while demand for America's spectrum resources is increasing at rapid rates—the amount of information flowing over some wireless networks is growing at over 250 percent per year—there has not been a corresponding increase in supply. This congestion has led to more dropped calls and slower data rates.

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.

Secretary Locke Speaks with Silicon Valley Leadership Group on Obama Administration's Efforts to Foster Innovation

U.S. Commerce Secretary Gary Locke delivered remarks at the Silicon Valley Leadership Group (SVLG)’s annual luncheon today, emphasizing the steps the Obama administration has taken to turn around the U.S. economy and create jobs. Locke stressed the administration’s efforts to build a stronger foundation for long-term growth and prosperity by investing in research and development, a 21st century infrastructure and manufacturing, and underlined Silicon Valley’s role as the epicenter of technological innovation.

Sec. Locke wanted it to be known that “when it comes to new ideas, our only criterion is efficacy. It doesn’t matter if they come from the left or the right, the boardroom or academia. We simply will not rest until every American who wants a job can find one.”

Locke emphasized that President Obama’s proposed 2011 budget, while freezing domestic discretionary spending overall, actually increases funding for civilian R&D by nearly 6 percent. Also, he noted President Obama’s support a new business tax cut that will allow small businesses to deduct the full amount of new capital investments immediately.

Locke also highlighted President Obama’s National Export Initiative (NEI), which aims to double U.S. exports over the next five years in support of several million American jobs. The NEI will provide more funding, more focus and more Cabinet-level coordination to increase U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

Remarks

Secretary Locke and U.S. Rep. Scott Murphy Highlight New York Project Bringing Jobs and Economic Development to the Region

Secretary Locke listens to Rep. Scott Murphy speak about the importance of the GlobalFoundries new facilityCommerce Secretary Gary Locke joined U.S. Rep. Scott Murphy today in Malta, New York to hear from executives at GlobalFoundries, one of the world's largest independent semiconductor foundries. Locke and Murphy highlighted the impact GlobalFoundries has had on economic development in New York’s Tech Valley and heard firsthand about the company’s progress on the development of its new factory – the largest project of its kind in the United States.

The Fab 8 project is the result of a public-private partnership and will create thousands of jobs in the local community and throughout New York state. The factory will be the most advanced semiconductor fabrication plant in the world, helping to position the United States as a leader in the technology-based economy.

Founded in 2009, GlobalFoundries is creating good-paying jobs in New York through the construction and development of its new facility. The company is also committed to growing U.S. exports, a key component of President Obama’s National Export Initiative, which aims to double U.S. exports over the next five years in support of several million American jobs.

Secretary Locke Meets with Manufacturing Council and One Member Announces 600 New Jobs in the U.S.

Secretary Locke swears in the Manufacturing CouncilThis morning, Secretary Gary Locke met with the 24 members of the recently-appointed Manufacturing Council.

“Today’s meeting is an example of the public-private partnership needed to restore our manufacturing sector in the United States,” said Locke. “I look forward to working with the members of the Council to present President Obama with solutions to revitalize this critical sector, grow our economy and put Americans back to work.”

The Council advises the Secretary of Commerce on matters relating to the competitiveness of the manufacturing sector, and government policies and programs that affect U.S. manufacturers. The Council’s new charter increased membership from 15 to 25 members and now includes more diverse and expansive industry representation in the manufacturing sector.  The appointees represent a broad cross section of the industry and include steel, supercomputer, solar panel, medical device and superconductor manufacturers, both large and small. Their products support a diverse range of industries such as the auto, aerospace, apparel and energy efficiency sectors.

Secretary Locke and USTR Ambassador Kirk Travel to Memphis to Discuss Exports and the Economy

Secretary Locke shaking a Fed Ex worker's hand

Locke, Kirk joined by FedEx officials and local businesses to highlight President Obama’s National Export Initiative

U.S. Commerce Secretary Gary Locke and U.S. Trade Representative (USTR) Ron Kirk are visiting the Memphis, Tenn. area this week to meet with local businesses and discuss the opportunities and challenges of exporting. Locke and Kirk toured the FedEx Express Super Hub on Tuesday night where each day, millions of packages are moved through the hub to reach over 220 countries and territories around the world.  They also held a rountable discussion on exports and the economy with small- and medium-sized businesses today to discuss President Obama’s National Export Initiative (NEI) and how it can help U.S. companies sell more of their goods and services overseas and support the creation of American jobs.

The NEI aims to double U.S. exports over the next five years while supporting two million American jobs. It will provide more funding, more focus and more Cabinet-level coordination to grow U.S. exports, and represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.  Remarks

Commerce Makes Comments Publicly Available on How Government Can Support the Advancement of Innovation and Technologies

Each year, the federal government makes substantial investments in research and development that takes place at our nation’s colleges and universities.  In 2008, federally funded university investments totaled over $31 billion.  Together with academia and the private sector, the Obama administration is working to support research and development and drive new innovations and technologies to market to create U.S. jobs and economic growth.

Recently, the Commerce Department hosted several University Innovation Forums in collaboration with university presidents addressing the roles of universities in innovation, economic development, job creation and the commercialization of federally funded research.  These forums built upon a national dialogue Secretary Locke began in February when he engaged university leaders and key stakeholders in a discussion about how the Obama administration can help move ideas from the lab to the marketplace. From these efforts, the Commerce Department is gathering input on best practices in university technology commercialization and making recommendations for federal government policy.

Secretary Locke Delivers Keynote Address on the Economy at 128th Meeting of Greater Seattle Chamber of Commerce

Alternate TextU.S. Commerce Secretary Gary Locke was in Seattle today speaking with small- and medium-sized businesses about exports and the economy. Afterwards he delivered the keynote address at the annual meeting of the Greater Seattle Chamber of Commerce.

Secretary Locke discussed the progress made and the next steps for President Obama's National Export Initiative (NEI). He also addressed how it is helping to lay the groundwork for sustainable economic growth in Washington state, the nation's most trade-dependent state, and across the country. His remarks today are only one day after he and his colleagues on the Export Promotion Cabinet delivered a detailed report to the president laying out recommendations for how to double U.S. exports.

“Yesterday, at the president’s newly-constituted Export Council – chaired by Jim McNerny, CEO of Boeing – we announced that our renewed focus on trade promotion has contributed to an 18 percent increase in U.S. exports so far in 2010 over the same period last year.

  • U.S. exports of manufactured goods so far in 2010 have risen by 22 percent. U.S. agricultural exports this year are projected to be the second-highest amount ever, with a trade surplus of $30 billion.

These increases are having an impact on the economy: Exports contributed to GDP growth for just as much as domestic consumption in each of the four quarters of recovery."

Exports growth is also impacting employment. Since January, Commerce’s Advocacy Center, in close coordination with the State Department and other agencies, has helped U.S. companies successfully compete for contracts with foreign governments supporting an estimated $11.8 billion in U.S. content. These deals alone support an estimated 70,000 jobs. “

Learn more about the National Export Initiative and read Secretary Locke’s complete remarks.  |  Press release  |  NEI website

White House Releases Report on National Export Initiative

President with members of PECToday the White House released a report to the president on the National Export Initiative (NEI). It detailed the way the Export Promotion Cabinet plans to meet the president’s goal of doubling U.S. exports in five years to support millions of new jobs.

Since the president announced the NEI, the Department of Commerce’s Advocacy Center has assisted American companies competing for export opportunities, supporting $11.8 billion in U.S. exports and an estimated 70,000 jobs. To date, the Commerce Department has coordinated 20 trade missions with over 250 U.S. companies to 25 countries.

Expanding into new markets is key for America’s growth as Commerce Secretary Gary Locke said today, “As American consumers spend a little less and save a little more, it has never been more important to connect U.S. businesses to the 95 percent of the world's consumers who live outside our borders. Helping American companies sell more abroad will create jobs and boost our economy. This report is a blueprint for doing just that.” 

For more information, read the complete NEI report, the executive summary and the press release.  See  the International Trade Administration's NEI website.  |  NEI meeting video

Space Coast Task Force Delivers Economic Strategies Report to President Barack Obama

Secretary Locke and NASA Administrator Bolden provide blueprint for job creation and innovation to propel regional economy

Obama at NASA giving remarks; NASA photoThe President's Task Force on Space Industry Workforce and Economic Development, co-chaired by U.S. Commerce Secretary Gary Locke and NASA Administrator Charles F. Bolden, Jr., today released its report to the president with recommendations to enhance economic development strategies along Florida’s Space Coast. The Task Force was charged with developing a plan for how best to invest $40 million in transition assistance from the federal government in the Space Coast region as the Space Shuttle program winds down.

Locke, Bolden, Labor Secretary Hilda Solis, Transportation Secretary Ray LaHood, and several other senior administration officials have visited the region multiple times since the creation of the Task Force to meet with area workers and experts.

“Over the past few months, we have worked diligently with local government officials, economic development agencies, and affected corporations and employees to develop a comprehensive plan that will create high-skill, high-wage jobs and a strong economic base in the Space Coast,” Locke said. “Space is a key driver of the 21st century American economy and that’s why the president believes so strongly in empowering NASA to pursue new avenues of discovery.”  Release  |  Report  |  NASA Space Coast Task Force

Commerce Secretary Gary Locke Names New Members of Manufacturing Council

Image of members of 2010 Manufacturing CouncilToday on Capitol Hill, Secretary Locke announced his appointment of 24 members to the 2010 Manufacturing Council. The Council is directed by the Department of Commerce’s International Trade Administration and was established in 2004 and recently re-chartered. Locke was joined by members of the Senate Manufacturing Caucus, including Senators Debbie Stabenow (MI), Sherrod Brown (OH), Jeff Merkley (OR) and Tom Udall (NM). The Council advises the Secretary of Commerce on matters in the competitiveness of the manufacturing sector, and government policies and programs that affect U.S. manufacturers. The Commerce Department will schedule the Council’s first meeting in the coming weeks.

“A vibrant manufacturing sector isn't just critical for the millions of Americans whose jobs depend on it,” Locke said. “Manufacturing is absolutely central to driving the innovation that fuels the American economy.”

Manufacturing is a key industry in the revitalization of the U.S. economy and the growth of U.S. jobs. The United States is the world’s largest manufacturing economy, employing nearly 12 million Americans in the production of $1.6 trillion in manufactured products, representing 18 percent of the world’s manufactured goods.

President Obama’s Recovery Act included more than $100 billion dollars worth of grants, tax cuts and incentives devoted to manufacturing investments.  |  Remarks | Read more

Statement From Secretary Locke on the Advance Estimate of Real GDP in the Second Quarter of 2010

The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the second quarter of 2010.  Real GDP grew 2.4 percent at an annual rate in the second quarter, following a gain of 3.7 percent in the first quarter.  The annual revision to the national accounts increased the total fall in real GDP during the recession from 3.7 percent to 4.1 percent.  The economy has grown 3.2 percent from a year ago.  Statement

Secretary Locke Visits Louisville to Highlight Partnership Designed to Boost U.S. Exports

Locke discusses Commerce resources available to U.S. companies to help grow business and create jobs

Secretary Locke at Podium with UPS OfficialsToday Secretary Locke visited the UPS Global Operations Center in Louisville, Ky., to highlight opportunities for local Kentucky businesses to sell their goods and services abroad and support job creation in their community. Locke toured the facility and held a discussion with local business owners on how the Commerce Department can help them grow their businesses and create jobs. Expanding on an existing partnership, UPS has joined with the Commerce Department to identify new markets for current exporters and potential candidates to expand their exports with the help of Department resources through the New Market Exporter Initiative.

Commerce’s partnership with UPS is one way the Department is working to achieve the goals of President Obama’s National Export Initiative (NEI), which aims to double U.S. exports over the next five years in support of 2 million American jobs. Since the president announced the NEI, the Department of Commerce’s Advocacy Center has assisted American companies competing for export opportunities, supporting $11.4 billion in exports and an estimated 70,000 jobs. The Department’s commercial service officers stationed around the world have helped more than 2,000 companies generate $3.8 billion worth of exports. To date, the Commerce Department has coordinated 18 trade missions with over 160 companies to 24 countries.

Joining Locke at for the discussion were Larry Hayes, Secretary of the Kentucky Cabinet for Economic Development, Scott Casey, Vice President of Legal & Public Affairs for UPS, and Jerry Plappert, Vice President of Corporate Development for CECO Environmental and Chair of the Kentucky District Export Council. | Read more | Remarks

Commerce Secretary Locke Meets With U.S. Travel and Tourism Advisory Board in New Orleans

Visiting New Orleans today, Secretary Locke met with the U.S. Travel and Tourism Advisory Board to discuss how government and industry leaders can support travel and tourism in areas impacted by the Deepwater Horizon/BP oil spill.

“Jobs are the number one priority of the Obama administration and the travel and tourism industry plays a key role in that effort,” Locke said. “It's clear we are going to need a proactive and aggressive approach to expand travel and tourism both in the Gulf and throughout the United States.”

In addition to the board’s central discussion on improving the industry in the Gulf, members also addressed tourism policies and other nationwide issues. The travel and tourism industry is a significant contributor to trade and economic development in the United States, and the board will play a key role in the development of the administration’s export policies.

Today’s meeting was the second of the current board, made up of 27 industry leaders.  Read more

Secretary Locke Joins President Obama to Announce Members of the President’s Export Council, Provide Progress Report on National Export Initiative

U.S. Secretary of Commerce Gary Locke joined President Barack Obama and Jim McNerney – chairman, president & CEO of The Boeing Company and chair of the President’s Export Council - today at the White House to announce members of the President’s Export Council. During his speech, the president provided a progress report on the National Export Initiative (NEI), which shows that the president’s goal of doubling exports and supporting several million new jobs over five years is on track, and that exports in the first four months of 2010 grew almost 17 percent from the same period last year. While introducing the president, Locke said that

“we must reinvest in innovation and do a better job of connecting U.S. companies with the 95 percent of the world’s consumers who live outside our borders. That’s where the National Export Initiative comes in. It’s an unprecedented government-wide effort to help double American exports by 2015, and it was designed with one overriding goal in mind: To put Americans back to work in jobs that provide security, dignity and a sense of hope for the future.”  

The president also announced new members of the President’s Export Council (PEC), a group that includes business and labor leaders who offer advice and expertise on how best to promote exports, congressional leaders and senior representatives of the administration.  President’s remarks  |  White House blog

Secretary Locke Announces Recovery Act Investments to Improve Broadband Internet Access

Image of Locke and officials outdoors making announcementFollowing President Barack Obama’s announcement today, U.S. Commerce Secretary Gary Locke held press conference calls with elected officials from Oregon and Vermont to announce American Recovery and Reinvestment Act (ARRA) investments that will help improve economic opportunity and support job creation in both Vermont and Oregon.  Locke was joined on the conference calls by Vt. Gov. James Douglas, U.S. Sens. Patrick Leahy and Bernard Sanders, and U.S. Rep. Peter Welch from Vermont, and U.S. Sen. Ron Wyden, U.S. Reps. Earl Blumenauer, and Kurt Schrader from Oregon.

In his remarks earlier today, President Obama said, ”. . . I’d like to make a quick announcement regarding new infrastructure investments under the Recovery Act – investments that will create private sector jobs and make America more competitive.

“Secretary Locke and Secretary Vilsack have joined me here today to announce that the Departments of Commerce and Agriculture will invest in 66 new projects across America that will finally bring reliable broadband Internet service to communities that currently have little or no access.

“In the short term, we expect these projects to create about 5,000 construction and installation jobs around the country.  And once we emerge from the immediate crisis, the long-term economic gains to communities that have been left behind in the digital age will be immeasurable.”  President’s video remarks   BroadbandUSA

Task Force on Space Industry Workforce and Commerce's Economic Development Administration Launches Interactive Web Site

Satellite image of Florida

The Task Force on Space Industry Workforce and Economic Development has launched an interactive Web site to encourage public comment on ways to promote economic growth and sustainability in the Space Coast region as it adapts to changes in America’s space program. The site offers valuable information about the work the Obama administration is doing to create jobs in the region by fostering a more supportive entrepreneurial environment.  Full release   Secretary Locke visit to Space Coast blog

Secretary Locke Discusses Clean Energy Technologies at Energy Efficiency Forum

Secretary Locke on podium in front of audienceU.S. Commerce Secretary Gary Locke delivered the keynote address, "Connections between Energy Efficiency and the Economy” at the 21st annual Energy Efficiency Forum in Washington today. In his remarks, Locke said,

"Investments in emerging technologies like solar, wind and advanced batteries are vital to this nation's future, and the Obama administration is making unprecedented investments to help them grow. . . .  The president has already made $80 billion in clean energy investments through the Recovery Act – with a good portion going to the type of basic R&D that is often too risky or too expensive for private sector investors."

The 2010 Energy Efficiency Forum, sponsored by the U.S. Energy Association and Johnson Controls, brings together leading energy experts, policy makers, business executives, and top administration officials to discuss the critical role that energy efficiency in buildings, vehicles and industry plays as the foundation for international agreements, national strategies and local actions.  Remarks

Secretary Locke Addresses 78th Annual Meeting of U.S. Conference of Mayors

Image of conference video clip with president of mayor conference and LockeU.S. Commerce Secretary Gary Locke visited Oklahoma City for the 78th annual meeting of the U.S. Conference of Mayors held at the Cox Convention Center. Locke addressed the crowd on the final day of the conference, and Commerce’s Assistant Secretary for Economic Development John Fernandez and Census Bureau Director Robert Groves spoke over the weekend. The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. Each city is represented at the Conference by its chief elected official, the mayor.

On Sunday, a special session highlighted the conference with mayors from Gulf Coast cities dealing with the BP oil spill and its devastating after-effects. During the session, mayors discussed a resolution put forth by the mayors of Baton Rouge, La., and Tallahassee, Fla., that calls for increased federal efforts to access, mitigate and recover from the environmental and economic damage of the disaster and work closely with other local officials in all phases of the national response. Locke visited the Gulf Coast region last Thursday and spoke with local businesses that have been impacted economically by the oil spill. Remarks  Secretary's Conference video

Gainesville Region Receives Additional EDA Grant, University of Florida Breaks Ground for New Tech Business Incubator

Officials with shovels at groundbreaking ceremonyU.S. Commerce Secretary Gary Locke today announced a $1.670 million U.S. Economic Development Administration (EDA) grant to Santa Fe College and the District Board of Trustees of Santa Fe College of Gainesville, Florida to build a biotechnology laboratory and classroom addition to the new Emerging Technologies Center. The project is expected to create 270 jobs and generate $380 million in private investment, according to grantee estimates.  More from Santa Fe College

U.S. Assistant Secretary of Commerce for Economic Development John Fernandez participated also in the groundbreaking ceremony for the University of Florida’s Innovation Hub in Gainesville, Fla.  The project received $8.2 million in funding from Commerce's EDA last year to help build the tech business incubator, which will serve as a catalyst for emerging and existing start-up companies seeking to bring to market technologies developed by the university and its research partners.  The project is expected to create 300 jobs and generate $30 million in private investment, according to grantee estimates.

 

Secretary Locke Briefs Washington Foreign Press Center on Upcoming Trade Mission to China and Indonesia

Commerce sealU.S. Commerce Secretary Gary Locke led a briefing at the Washington Foreign Press Center on the Obama administration’s first Cabinet-level trade mission to China and Indonesia next week. The clean energy business development missions will promote exports of leading U.S. technologies related to clean energy, energy efficiency and electric energy storage, transmission and distribution. In his remarks, Locke said, “Here at home, every American should know that when a U.S. clean energy company finds success abroad, it creates more jobs in the United States." (Remarks)

Senior Adviser Wade Meets with Business Leaders in Pennsylvania

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Wade touring manufacturing facilityRick Wade, senior adviser and Deputy Chief of Staff to U.S. Commerce Secretary Gary Locke, met with local businesses in Williamsport, Penn., today as part of a national tour taking him to Main Streets across America to hear from business leaders about the challenges they face and to take their ideas and concerns back to Washington. Wade participated in a roundtable discussion, a luncheon, and toured a local manufacturing facility.

Secretary Locke Holds Exports Town Hall with Northern Virginia Businesses

Image of ITA Exports reportU.S. Commerce Secretary Gary Locke visited the Precision Auto Care international corporate headquarters training facility in Leesburg, Va., to discuss President Obama’s National Export Initiative (NEI) and how it can help U.S. companies of all sizes sell more of their goods and services overseas and support the creation of American jobs. Locke was joined by U.S. Rep. Frank Wolf. The NEI aims to double U.S. exports over the next five years while supporting two million American jobs.

Forty-Six U.S. Business Executives to Join Secretary Locke in China and Indonesia for Clean Energy Trade Mission

Foto de El Seretario Gary Locke.

Washington (May 4 )—Forty-six U.S. business executives will join U.S. Commerce Secretary Gary Locke in China and Indonesia May 15-25 on the first cabinet-level trade mission of the Obama administration. On the heels of President Obama’s new National Export Initiative, aimed at doubling U.S. exports in the next five years, Locke will lead American companies on this clean energy mission to advance their export opportunities and support American jobs. (More)

Secretary Locke Highlights Importance of Tourism to U.S. Economy

Secretary Locke meets with press in Orlando to discuss travel and tourism.

U.S. Commerce Secretary Gary Locke held a town hall meeting at the University of Central Florida today to discuss the importance of the travel and tourism industry to the U.S. economy. The industry generates nearly $1.3 trillion for the U.S. economy and supports 8.2 million U.S. jobs. Locke also highlighted President Obama’s new Task Force on Space Industry Workforce and Economic Development, a $40 million effort to facilitate economic development along the Space Coast. Locke was joined by U.S. Sen. Bill Nelson and U.S. Reps. Suzanne Kosmas and Alan Grayson. (More) (Remarks)

Secretary Locke Holds Exports Town Hall with Philadelphia Businesses

National Export Initiative logo. Click for more NEI information.

U.S. Commerce Secretary Gary Locke visited PENN Fishing Reels to discuss President Obama’s National Export Initiative and how it can help companies sell more of their goods and services overseas and create new jobs at home. Following a tour of the company’s manufacturing facility, Locke held a town hall meeting to highlight government resources available to businesses interested in selling their goods and services abroad. Locke was joined by U.S. Sen. Robert Casey, U.S. Rep. Chaka Fattah, Pennsylvania Gov. Ed Rendell and Mayor Michael Nutter. (More) (NEI) (Remarks)

Secretary Locke Statement on Advance Estimate of Real GDP in the First Quarter of 2010

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis today released the first estimate of gross domestic product (GDP) for the first quarter of 2010. Real GDP grew 3.2 percent at an annual rate in the first quarter, consistent with private-sector expectations. “With a third-straight quarter of growth, it’s clear America’s economy is turning around,” U.S. Commerce Secretary Gary Locke said. “But Americans remain rightly focused on their personal financial situations and jobs. Wall Street reform is an essential part of securing the future for our families and businesses. (More) (Release)

Commerce Department Grant Advances President Obama's Commitment to Creating Jobs, Strengthening Economy in Central Florida

EDA seal.

U.S. Commerce Secretary Gary Locke announced a $2 million Economic Development Administration (EDA) grant to the Titusville-Cocoa Airport Authority of Titusville, Florida, to assist in the expansion of the Bristow Academy, a major helicopter pilot training facility, and create new Central Florida aerospace sector jobs. The project is expected to save 155 jobs, create 97 jobs and generate $2 million in private investment, according to grantee estimates. (More)

Secretary Locke Celebrates Earth Day at Recovery Act Restoration Project in New Jersey

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U.S. Commerce Secretary Gary Locke today celebrated Earth Day at an American Recovery and Reinvestment Act (ARRA) restoration project that is putting people back to work transforming a local dump into 35 acres of wetland and creating a new public trail in Lincoln Park. “The jobs that are being created here in New Jersey are a critical and growing part of the green economy,” Locke said. “Not only are coastal restoration projects like this one directly employing people, they are preserving the coastlines that are absolutely essential to America's economy.” (Release) (Remarks)

Commerce Issues Report on Role of Patent Reform in Supporting Innovation and Job Creation

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Reforming America’s patent system will accelerate economic growth and job creation, and expand America’s ability to innovate, according to a new report released today by the U.S. Department of Commerce. The paper, titled “Patent Reform—Unleashing Innovation, Promoting Economic Growth and Producing High-Paying Jobs,” was authored by the Commerce Department’s Chief Economist Mark Doms, the United States Patent and Trademark Office’s (USPTO’s) Chief Economist Stuart Graham and USPTO’s Administrator for External Affairs Arti Rai. (More) (Report)

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)

New Commerce Report Shows Growing Exports Key to Job Creation

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A U.S. Department of Commerce report released today confirms the importance of exports to the U.S. economy and the increasingly globalized marketplace. According to Exports Support American Jobs, in 2008, exports accounted for a record 12.7 percent of U.S. gross domestic product (GDP), and during a period of relatively flat job growth across the economy, supported a record number of jobs—more than 10 million. (More) (Report—PDF)

Secretary Locke Visits San Diego to Stress Importance of Exports in Competitiveness and Job Creation

Locke with Canadian Minister of Industry Tony Clement and Mexican Secretary of the Economy Gerardo Ruiz. Clicke for larger image.

U.S. Commerce Secretary Gary Locke visited Solar Turbines, one of California’s top exporters, for a tour of the company’s facility and a discussion with local small business owners on how the National Export Initiative will help small- and medium-sized businesses grow and create jobs in their community. Locke viewed the exporting process for industrial gas turbine engines from assembly through shipment to nearly 100 countries. Earlier in the day, he delivered the keynote address at the North American Competitiveness, Innovation & Clean Energy 2010 Conference Luncheon. He also met with Canadian Minister of Industry Tony Clement and Mexican Secretary of the Economy Gerardo Ruiz. (Solar Turbines remarks) (NAC remarks) (Release)

Deputy Secretary Hightower, Rep. Peters Host Roundtable with Michigan Small Business Owners

U.S. Commerce Deputy Secretary Dennis Hightower joined Rep. Gary Peters in Farmington Hills, Mich. to meet with local small business owners, representatives from the Michigan Economic Development Corporation and the Detroit Regional Chamber, to discuss the current business climate, growing manufacturing jobs and spotlight initiatives that are working to help improve Michigan’s economy. Hightower underscored the department’s commitment to provide technical and business assistance to small manufacturers. (Remarks)

Secretary Locke Visits Chicago, Outlines Plans to Create American Jobs Through Exporting

Secretary Locke with participants.

U.S. Commerce Secretary Gary Locke is at the University of Chicago for an export promotion forum with U.S. Sen. Dick Durbin to discuss President Obama’s National Export Initiative (NEI) and what it will do to help U.S. companies, especially small- and medium-sized businesses, sell more of their goods and services overseas. Also speaking at the forum are U.S. Trade Representative Ron Kirk, SBA Administrator Karen Mills, and Export-Import Bank Chairman Fred Hochberg. The NEI aims to double U.S. exports over the next five years while supporting two million American jobs. (Remarks)

Francisco Sánchez and Eric Hirschhorn Named to Posts as Under Secretaries of Commerce

Commerce building exterior with U.S. flag.

Francisco J. Sánchez will direct the Department of Commerce’s International Trade Administration as Under Secretary of Commerce for International Trade, and Eric L. Hirschhorn will lead the Department’s Bureau of Industry and Security as Under Secretary of Commerce for Export Administration after receiving recess appointments from President Obama Saturday. Sánchez and Hirschhorn could serve in their jobs through the end of 2011, when the next Senate finishes its term, or until they are nominated and confirmed to their posts. (Sanchez release) (Hirschhorn release)

Deputy Secretary Hightower to Promote U.S. Innovation Agenda During Visit to Brussels

Portrait of Hightower

U.S. Commerce Deputy Secretary Dennis Hightower is in Brussels to promote the president’s National Innovation Strategy as a key driver for sustainable growth and quality jobs. Hightower’s visit will focus on three key building blocks to encourage innovation: investment in research, development and technology capital; promotion of competitive markets, and support for national priorities in the clean energy, advanced vehicle technology and health care sectors. Today, he delivered remarks at a luncheon hosted by the American Chambers of Commerce. (Remarks)

Secretary Locke Discusses Jobs and Innovation at Democratic Leadership Council Roundtable

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Locke speaking from the podium.

U.S Secretary of Commerce Gary Locke highlighted what the Obama administration and the Commerce Department are doing to spur innovation and job creation, hosted by the New Democratic Leadership Council. Joined by U.S. Rep. Betsy Markey, Arise Virtual Solutions Inc. CEO Angela Selden and AT&T Senior Vice President Xavier Willimas and others, Locke discussed innovation as a key to putting America back on the road to sustainable job growth. He stressed the need to boost investments in innovation and infrastructure so America can lead the world in emerging industries. The New DLC also highlighted two recently released reports that lay out a strategy to put more Americans back to work. (Remarks)

Secretary Locke Announces Recovery Act Grants to the Navajo Nation in Arizona, New Mexico and Utah

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U.S. Commerce Secretary Gary Locke held a press conference call with Sen. Jeff Bingaman (NM), Sen. Tom Udall (NM), Rep. Jim Matheson (UT), Rep. Ben Lujan (NM) and former New Mexico Governor Toney Anaya and announced a $32 million Recovery Act grant to the Navajo Nation in Arizona, New Mexico and Utah that will help bridge the technological divide, boost economic development, create jobs, and improve education and health care. Locke announced a total of 10 grants totaling more than $63 million that will increase broadband access and adoption in more than a dozen states. (More)

Secretary Locke, Senator Brown Highlight Effort to Boost Exports and U.S. Jobs in Ohio

Secretary Locke at microphone. Click for larger image.

U. S. Commerce Secretary Gary Locke traveled to Dublin, Ohio to talk to Americans about the administration’s plan to increase the sales of exports and support the creation of high-paying jobs through President Obama’s recently announced National Export Initiative (NEI). Locke was joined by Senator Sherrod Brown. Officials from the State and Agriculture Departments, the Office of the U.S. Trade Representative, the Export-Import Bank, and the U.S. Trade and Development Agency, also met with business leaders across the country to discuss the steps the Administration is taking to help businesses sell more U.S.-made goods and services abroad. (Remarks) (Release) (Export Promotion Cabinet release)

Secretary Locke Addresses Pharmaceutical Industry Leaders at PhRMA's 52nd Annual Meeting

Locke speaking from podium. Photo copyright Max Taylor Photography.

Photo © Max Taylor

U.S. Commerce Secretary Gary Locke spoke to leaders of the pharmaceutical industry at the annual meeting of The Pharmaceutical Research and Manufacturers of America (PhRMA) in Arlington, Va. Locke discussed the importance of innovation, particularly in the pharmaceutical and biomedical sectors, to creating American jobs and spurring sustainable economic growth. He also outlined what the Obama administration is doing to jumpstart the national engine of innovation. (Remarks)

Locke Pledges Administration Support for Emerging Trade Opportunities with Indonesia

Locke on podium. Click for larger image.

U.S. Secretary of Commerce Gary Locke discussed emerging trade opportunities between the U.S. and Indonesia as part of the Obama administration’s plan to create jobs here at home and grow overseas markets, especially through the National Export Initiative. In remarks at the Center for Strategic and International Studies Forum, Locke announced a trade mission to Indonesia that will take place in late May, made up of American renewable energy companies. “Ensuring that American companies play a lead role in this energy transformation is a priority for the Obama administration,” Locke said. (Remarks) (Indonesia trade mission)

Secretary Locke Convenes Trade Promotion Coordinating Committee Meeting

Locke at lectern with other participants in background.

In response to President Obama's recently-unveiled goal of doubling American exports over the next five years with the National Export Initiative (NEI), U.S. Secretary of Commerce Gary Locke hosted the second meeting of the Trade Promotion Coordinating Committee (TPCC) at the department. The TPCC, established in 1992, is an interagency group chaired by the Secretary of Commerce to establish trade promotion priorities that boost exports and create jobs. Later, he hosted a press conference with TPCC members, including Agriculture Secretary Vilsack, U.S. Trade Representative Ambassador Kirk, Small Business Administration Administrator Mills and others.

Secretary Locke: Commerce Helps Cities

Locke on podium. Click for larger image.

In remarks to the National League of Cities Congressional City Conference, U.S. Secretary of Commerce Gary Locke focused on the ways the Department of Commerce assists American cities, describing the core mission of the department as “making American businesses more innovative at home and more competitive abroad so they can create good jobs in communities throughout America.” Commerce is the lead agency for expanding high-speed Internet and broadband access, building critical economic infrastructure through regional innovation clusters, and increasing U.S. exports through the president’s National Export Initiative. (Remarks)

Secretary Locke Discusses Travel and Tourism Industry at American Hotel and Lodging Association Summit

Locke on podium.

U.S. Commerce Secretary Gary Locke addressed the American Hotel and Lodging Association Legislative Action Summit to discuss the importance of the travel and tourism industry to the U.S. economy. Locke spoke about President Obama’s National Export Initiative and the role travel and tourism plays in growing American jobs. He also discussed plans for implementation of the recently-signed Travel Promotion Act, which establishes a new public-private partnership between the U.S. government and the nation’s travel and tourism industry. (Remarks)

Secretary Locke, Senator Landrieu Announce ARRA Investment in Louisiana

NTIA logo. Click to go to Web site.

U.S. Commerce Secretary Gary Locke today, joined by Senator Mary Landrieu, announced an $80 million American Recovery and Reinvestment Act (Recovery Act) investment to help bridge the technological divide, boost economic growth, create jobs, and improve education and healthcare in Louisiana. The grant will bring high-speed Internet access to more than 80 community anchor institutions—including universities, K-12 schools, libraries, healthcare facilities—and lay the groundwork for bringing affordable broadband service to thousands of homes and businesses in the region. (More)

President Obama Signs the Travel Promotion Act of 2009 into Law

Secretary Locke at far left watches as President Obama signs Act. Click for larger image.

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President Obama signed the Travel Promotion Act of 2009 (TPA) into law, putting into place a new public-private partnership between the U.S. government and the nation’s travel and tourism industry. The U.S. Department of Commerce stands ready to work with the private sector to promote international travel to the United States. “When international visitors come to the United States they spend money on a wide range of goods and services that support U.S. jobs,” said Secretary of Commerce Gary Locke. “Creating a global tourism promotion program to encourage international visitors to vacation in America will help spur economic growth and create more jobs,” Locke said. (More)

Secretary Locke Announces ARRA Grants to Expand Broadband Internet Access and Expand Economic Growth

Recovery Act logo. Click to go to Commerce Department Recovery Web site.

U.S. Commerce Secretary Gary Locke announced 23 American Recovery and Reinvestment Act (ARRA) investments to help bridge the technological divide, boost economic growth, create jobs and improve education and healthcare cross the country. The grants will increase broadband access and adoption in California, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Maryland, North Carolina, New Mexico, Ohio, Oregon, Puerto Rico, Tennessee, Texas, Wisconsin and West Virginia. (More)

Secretary Locke Urges Formation of Regional Innovation Clusters to Create Jobs, Encourage Growth

Secretary Locke gesturing from podium.

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U. S. Commerce Secretary Gary Locke delivered the keynote address at the “Clustering for 21st Century Prosperity” forum hosted by the National Academy of Sciences. Locke’s remarks focused on the importance of advancing regional innovation clusters to create 21st century jobs. Regional Innovation Clusters (RICs) are a proven way to create jobs and grow the economy. They are geographic concentrations of businesses, government, academic and non-profit institutions that have common needs for talent, technology and infrastructure. (Remarks) (Podcast)

Secretary Locke Announces ARRA Grants to Expand Broadband Internet Access and Expand Economic Growth

Recovery Act logo. Click to go to Commerce Department Recovery Web site.

U.S. Commerce Secretary Gary Locke announced 10 American Recovery and Reinvestment Act (ARRA) investments to help bridge the technological divide, boost economic growth, create jobs and improve education and health care cross the country. The grants will increase broadband access and adoption in California, Florida, Indiana, Louisiana, New York, Pennsylvania, West Virginia, and Wisconsin. (More) (Remarks)

Commerce Awards Recovery Act Broadband Expansion Grants Totaling More than $20 Million for Virginia

Recovery Acy logo.

The Department of Commerce’s National Telecommunications and Information Administration (NTIA) announced two grants totaling more than $21.5 million to expand broadband Internet infrastructure in Virginia. Funded by the American Recovery and Reinvestment Act, NTIA’s Broadband Technology Opportunities Program (BTOP) provides grants to support the deployment of broadband infrastructure in unserved and underserved areas, enhance and expand public computer centers, and encourage sustainable adoption of broadband service. These investments will help bridge the technological divide, boost economic growth and create jobs. (More)

Secretary Locke Promotes Renewable Energy Export Opportunities at RETECH 2010

Secretary Locke.

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A day after unveiling the details of the president’s National Export Initiative, Commerce Secretary Gary Locke urged attendees at the Renewable Energy Technology (RETECH) 2010 Conference to explore the export opportunities available for renewable energy technology that can support good paying jobs in a growing sector. (More) (Remarks)

Secretary Locke Unveils Details of the National Export Initiative

Locke gesturing with hands from podium. Click for larger image.

Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI) today. During last week’s State of the Union speech, the president announced a goal of doubling exports over the next five years to support two million jobs in America. Locke detailed how the Export Initiative will help the country reach that goal—providing more funding, more focus and more cabinet-level coordination to grow U.S. exports. The NEI represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet. (More) (Remarks) (C-SPAN video, 1:00 p.m. EST)

Administration's Budget Proposal Seeks Investments in Innovation, Clean Energy, Infrastructure and Job Creation

U.S. flag over entrance of Department of Commerce.

President Barack Obama today submitted to Congress an $8.9 billion FY 2011 budget request for the U.S. Commerce Department. The budget reflects priorities that will spur the growth of U.S. exports and the jobs that come with them, improve our scientific and technological capabilities and upgrade our capabilities for weather and climate observations and forecasting. (Press release)

Secretary Locke Statement on Advance Estimate of GDP in the Fourth Quarter 2009

Commerce seal

The U.S. Commerce Department’s Bureau of Economic Analysis released the advance estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP rose 5.7 percent at an annual rate, the second consecutive advance and the strongest increase since the third quarter of 2003. "Today's strong GDP showing represents important economic progress that must now be translated into new jobs," Commerce Secretary Gary Locke said. (More) (Release)

Commerce Secretary Locke Greets Department Employees with First Lady Michelle Obama

Obamas on podium with Commerce employees behind and Locke looking on ffrom the right. Click for larger image.

U.S. Commerce Secretary Gary Locke welcomed First Lady Michelle Obama to the department as part of her goal to visit each cabinet agency. Today’s was her 15th agency visit. With some of the longest-serving employees behind her, she thanked all Commerce Department employees for the work they do every day to make businesses more competitive and create jobs. (Secretary’s remarks) (Additional photo 1) (Additional photo 2)

Secretary Locke Urges New Emphasis on Innovation, R&D, to Increase Competitiveness and Create Jobs

Secretary Locke at podium. Click for larger image.

Commerce Secretary Gary Locke met with the President’s Council of Advisors on Science and Technology (PCAST) to discuss approaches to fixing an "innovation deficit" hindering America's ability to develop new businesses and create new jobs. PCAST is an advisory group of the nation’s leading scientists and engineers who provide advice to President Obama, offering insights and policy recommendations concerning a full range of issues in science, technology, and innovation. PCAST is administered by the White House Office of Science and Technology Policy (OSTP). (Remarks)

Secretary Locke Announces $15.6 Million Grant to restore St. Louis Port

Secretary Locke with Commerce seal and flag in background.

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U.S. Commerce Secretary Gary Locke announced a $15.6 million Economic Development Administration (EDA) grant to reconstruct the St. Louis Municipal Terminal’s South Dock, which was damaged by extensive flooding in 2008. Three local St. Louis businesses served by the port met with Locke and Mayor Francis Slay before a City Hall news conference this morning to discuss the impact of ensuring the continuation of the area’s supply chain of river-related commerce. “Reconstruction of the critically important South Dock saves existing jobs and creates new ones by strengthening local connections to the global marketplace,” Locke said. (More) (Remarks)

Deputy Secretary Hightower Announces $39.7 Million Investment to Increase Broadband Access in New York

Hightower, Arcuri and SUNY Cortland president Dr. Erik J. Bitterbaum. Click for larger image.

U.S. Commerce Deputy Secretary Dennis F. Hightower and New York Congressman Michael Arcuri traveled to The State University of New York (SUNY) at Cortland to spotlight a $39.7 million Recovery Act grant that will bring broadband Internet service to communities across the state that lack the technology. The investment will help bridge the technological divide, boost economic development, create jobs and improve education and health care. (More) (Remarks)

Secretary Locke Blogs from Copenhagen Climate Summit

Locke gesturing from podium with pen in hand.

U.S. Commerce Secretary Gary Locke blogged on the Commerce Department’s COP-15 Web site today about his experiences thus far at the landmark conference on global climate change. In the post, Locke urges the country to seize the opportunity presented by comprehensive energy legislation to limit our dependence on foreign oil, reduce greenhouse gas emissions and create clean energy businesses and jobs. “America has the ability and the obligation to preserve our planet and create good, new jobs,” Secretary Locke said. (Commerce Copenhagen Web site)

Commerce Deputy Secretary Hightower Promotes Export Opportunities to Small Businesses

Hightower on podium. Click for larger image.

Commerce Deputy Secretary Dennis F. Hightower met with small business owners to discuss the key role exports will play in Detroit’s economic recovery. During his address at the “ExportsLive! Real Deals—Real Profits” seminar, Hightower stressed how exports will help revive businesses and create good-paying jobs. The gathering of small business leaders is geared toward helping companies grow and expand in global markets. The seminar was organized by the Export-Import Bank and included the participation of six federal agencies. (More) (Remarks)

Secretary Locke Discusses Clean Energy Jobs in Copenhagen

Locke gesturing from the podium. Click for larger image.

U.S. Commerce Secretary Gary Locke delivered the keynote address at the “Clean Energy Jobs in the Global Marketplace” forum at the U.N. Conference on Climate Change in Copenhagen today. Locke discussed the Obama administration’s historic investments in clean energy and commitment to build a sustainable, clean energy global economy that drives investment and creates jobs at home and abroad. While President Obama has already done more to mitigate climate change than any president in U.S. history, Locke stressed that this is only the beginning of what must be done. (Remarks)

Secretary Locke to Travel to Copenhagen to Discuss Administration's Commitment to Spur Clean Energy Technology, Reinvigorate the Economy

U.S. COP-15 logo. Click to go to State Department Web site.

U.S. Commerce Secretary Gary Locke will travel to Copenhagen on Friday to discuss the Obama administration’s commitment to meet clean energy and climate change challenges and the promise clean energy development holds for spurring innovation, reinvigorating the economy and creating jobs. Secretary Locke has been a leading voice in the administration promoting innovation and investment in the clean energy economy. (More) (Commerce COP-15 Web site) (U.S. Center Web site)