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Blog Category: Exports

EDA Announces Award Competition to Promote Innovation

Commerce's U.S. Economic Development Administration (EDA) is accepting applications for its 2010 Innovation in Economic Development Awards to spotlight projects of national significance that advance innovation, boost competitiveness and create jobs.

Entries will be accepted until August 27, 2010.  The award categories are:

  • Innovation in Regional Innovation Clusters (RICs)
  • Innovation in Commercialization
  • Innovation in Global Export Promotion
  • Innovation in Green Technology

For more information on the 2010 Innovation in Economic Development Awards visit: http://www.eda.gov/NewsEvents/PressReleases/InnovationAwards063010

The competition was previously known as the EDA Excellence in Economic Development Awards.

Commerce's Carribean Trade Mission Yields Positive Results for U.S. Firms

Dominican Republic and Jamaica offer small- and medium-sized companies opportunity

Wrapping up the administration’s first trade mission to the Caribbean, Commerce Department senior adviser and Deputy Chief of Staff Rick Wade stressed that geographical proximity and shared historical and cultural ties make the Dominican Republic and Jamaica prime destinations for U.S. goods and services. Wade led a 10-company U.S. trade mission to the region to promote export opportunities June 13-19.

“In today’s global marketplace, it is critical for companies to establish alliances with partners in other markets in order to be competitive,” Wade said. “Because of its close proximity and a favorable trading relationship over time, the Caribbean is a natural area for U.S. firms to explore new export opportunities that will result in more jobs for American workers.”

The United States is the primary trading partner for both countries. In 2009, U.S. exports to the Dominican Republic and Jamaica totaled $5.27 billion and $1.45 billion, respectively.  Read more  Upcoming trade missions

Senior Commerce Official Wade to Lead Trade Mission to Dominican Republic and Jamaica

Rick Wade, senior adviser and deputy chief of staff to U.S. Commerce Secretary Gary Locke, will lead a delegation of 10 small- and medium-sized U.S. businesses on a trade mission to Santa Domingo, Dominican Republic, and Kingston, Jamaica, June 13-19 to promote U.S. exports in the Caribbean.

The trade mission will give participating U.S. companies the opportunity to meet with potential business partners and network with key Dominican and Jamaican government and industry officials. The business delegation will promote U.S. products and services in a range of consumer goods, construction and automotive sectors with foreign buyers and governments.

Trade missions are an important component to achieving the goals of President Obama’s National Export Initiative, which aims to double U.S. exports within five years to support the creation of two million jobs. This mission will help open doors for U.S. firms interested in entering or expanding their presence in the Caribbean region. Read more

Secretary's Statement on March U.S. International Trade in Goods and Services

The Commerce Department’s U.S. Census Bureau and the U.S. Bureau of Economic Analysis today released a report on March 2010 U.S. International Trade in Goods and Services. Today’s report showed that U.S. exports in March 2010 increased by 3.2 percent to $147.9 billion from their February 2010 level. Imports in March increased 3.1 percent over February to $188.3 billion.

“The rise in imports shows increasing consumer confidence in America's economic recovery,” Commerce Secretary Gary Locke said. “It's heartening to see a corresponding increase in exports.

“This administration is focused on helping American businesses take advantage of the worldwide recovery underway, ramping up trade advocacy on all fronts – from providing credit to small businesses that want to export to increasing the number of trade experts who will help U.S. companies find buyers abroad to the continued rigorous enforcement of our trade laws.” (Full statement)

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 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 Attends President's Economic Recovery Advisory Board (PERAB) Meeting, Livestream from White House Toda

White House meeting

Image: White House video

U.S. Secretary of Commerce Gary Locke will join Vice President Joe Biden, Export-Import Bank Chairman Fred Hochberg, White House officials and PERAB members at the exports-focused meeting hosted by President Barack Obama. The meeting will address a range of economic issues, including job creation, financial reform and the President’s proposal to double the number of exports over the next five years. (On-demand video)

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 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)