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Blog Category: Marketplace

New Commerce Report Shows Growing Exports Key to Job Creation

Image of Exports Report.

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 Hosts Forum on Speeding University Research from Lab to Marketplace

Secretary Locke at podium.

File photo

U.S. Secretary of Commerce Gary Locke hosted a forum today with university leaders, entrepreneurs and venture capitalists on “Catalyzing University Research for a Stronger Economy” to address the critical importance of technology commercialization for America’s economic competitiveness and job creation. Joining Locke at the event were the presidents of several premiere universities, including Stanford, Nebraska, Akron and Kentucky. Locke and participating White House officials listened for suggestions that can improve and accelerate commercialization of federal R&D in university labs. (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)

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: 'Trade is Good for America, Good for the Global Marketplace'

Photo of Locke on podium.

File Photo

In remarks to the Washington International Trade Association, U.S. Secretary of Commerce Gary Locke laid out his prescriptions for how the department can help increase and improve American trade and exports. “The trade priorities I’ve discussed tonight—visa reform, export controls review, intellectual property protection, intergovernmental cooperation and trade promotion—will help U.S. companies increase exports, while setting the country on a path to long-term, sustainable growth that creates jobs here at home.” (More)

Vice President Biden, Secretary Locke Announce Expansion of Manufacturing Initiative in Ohio

Ohio Gov. Strickland, Vice President Biden, Secretary Locke seated at table. Click for larger image.

White House Photo

Vice President Joe Biden and U.S. Commerce Secretary Gary Locke announced the expansion of the National Innovation Marketplace program, an initiative that will help revitalize supply chains and equip manufacturers to use emerging technology and find new market opportunities. Locke joined Biden, Ohio Governor Ted Strickland, and Auto Recovery Director Ed Montgomery at the vice president’s fifth meeting of the White House Task Force on Middle Class Families, reinforcing the administration’s commitment to innovation in American manufacturing. (More) (White House Press Release) (Middle Class Task Force Web Site)

President Obama Proclaims World Trade Week

Official White House logo.

In a proclamation from the White House, President Barack Obama declared “World Trade Week is an opportunity to reaffirm the benefits of trade and to emphasize America's commitment to a global marketplace that creates good jobs and lifts up American families. The United States and our trading partners stand to gain when trade is open, transparent, rules-based, and fair, showing respect for labor and environmental standards. The United States is well-positioned to reap the benefits of trade. America is a leader in the global marketplace and ranks at the top of almost every measure of global competitiveness.” World Trade Week is May 17-23. (Presidential Proclamation) (Secretary Locke Remarks)

U.S. Patent and Trademark Office to Hold Annual Trademark Expo

Trademark Expo visual.

The United States Patent and Trademark Office will hold its annual Trademark Expo May 8-9 at the agency’s headquarters in Alexandria, Virginia. The 2008 Expo attracted 7,000 people and received wide media coverage. This year’s two day event will focus again on educating the public about the value and important role trademarks play in our society and the global marketplace. It will feature themed displays, company booths, costumed characters interactive exhibits and trademark related seminars for attendees. (More)