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Blog Category: Economy

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

Photo of globe.

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)

New Commerce Department Reports Lay Foundation for Measuring Green Economy, Carbon Dioxide Emissions

Photo of ESA Under Secretary Rebecca Blank.

The U.S. Commerce Department’s Economics and Statistics Administration today released two new reports: one that defines and measures the size and scope of the green economy and another that looks at the ways in which the American economy's greenhouse gas emissions have changed over the past decade. Together, they provide valuable analytic tools needed to understand the emerging green economy, quantify greenhouse gas emissions and help inform future policy decisions. (More)(Green Report)(CO2 Report)

Secretary Locke Announces Public Review of Privacy Policy, Launches Internet Policy Task Force

U.S. Department of Commerce seal.

U.S. Commerce Secretary Gary Locke today announced the launch of an initiative designed to gather public input and review the nexus between privacy policy and innovation in the Internet economy. In addition, Locke also announced the formation of a Department of Commerce-wide Internet Policy Task Force to identify leading public policy and operational issues impacting the U.S. private sector's ability to realize the potential for economic growth and job creation through the Internet. (More)

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)

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)

Rick Wade to Kick Off National Main Street Business Tour in Michigan

Wade on podium. Click for larger image.

Rick Wade, Senior Advisor and Deputy Chief of Staff to U.S. Secretary of Commerce Gary Locke, will travel to Battle Creek and Jackson, Michigan to kick off a national tour that will take him to Main Streets across the country to meet with business leaders and hear directly from them about the challenges they face in this economy, taking their concerns and ideas back to Washington. Wade will meet one-on-one with business leaders, talk to larger groups at chambers of commerce and tour local plants and manufacturing centers during tour stops. (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 Participates in White House Web Chat to Discuss National Export Initiative

Video clip of Web chat.

U.S. Commerce Secretary Gary Locke took questions from the public on exports, the economy and the President’s National Export Initiative online at Whitehouse.gov/live today. Questions came from the discussion itself, but members of the public were also encouraged to submit their questions ahead of time via Twitter by sending a message to @SecLocke or emailing open[at]doc[dot]gov. Locke also announced an unprecedented schedule of upcoming international trade missions. (Web chat) (Trade missions release) (List of trade missions—PDF) (NEI Executive order)