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Blog Category: Economy

USPTO and UKIPO Announce Action Plan to Reduce Global Patent Backlogs

USPTO seal

Commerce’s United States Patent and Trademark Office (USPTO) and the UK Intellectual Property Office (UKIPO) today agreed to develop an action plan for reducing patent processing backlogs in both offices. Patent backlogs hinder the deployment of innovation and have clear adverse effects on the global economy. According to a study by London Economics released on behalf of the UKIPO, the first study that attempts to quantify the economic impact of patent backlogs, the cost to the global economy of the delay in processing patent applications may be as much as £7.65 ($11.4) billion each year. (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 Hosts Forum on Speeding University Research from Lab to Marketplace

Secretary Locke at podium.

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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 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)

Secretary Locke Highlights E-Commerce's Role in Growing the Economy

Locke on podium.

File Photo

U.S. Commerce Secretary Gary Locke highlighted the importance of electronic commerce to the U.S. economy in a keynote speech at the Organization for Economic Cooperation and Development (OECD). Locke underscored the department’s commitment to working with U.S. industry and consumer advocates to protect consumers’ privacy and security online. The three-day conference will bring together senior government officials, business representatives, civil society, international organizations and academics from OECD and non-member economies to discuss consumer protection issues in today’s Internet economy. (Remarks)

Secretary Locke to Attend White House Forum on Jobs and Economic Growth

Official White House logo. Click to go to www.whitehouse.gov.

U.S. Commerce Secretary Gary Locke will participate in a forum on Jobs and Economic Growth Thursday, Dec. 3, at the White House. The forum is an opportunity for President Obama and the economic team to hear from CEOs, small business owners, labor leaders and nonprofit heads about ideas for continuing to grow the economy and put Americans back to work. Locke will moderate a panel discussion on competitiveness and job creation with Christina Romer, Chair of the Council of Economic Advisers, and make remarks at the closing session before introducing President Obama. Afternoon sessions and several discussion groups on jobs will be streamed live on the White House Web site.

Secretary Locke Announces $8.65 Million in EDA Grants in Four States to Create Jobs, Strengthen the Economy

Economic Development Administration seal. Click to go to EDA Web site.

U.S. Commerce Secretary Gary Locke announced $8.65 million in Economic Development Administration (EDA) grants in four states, including Pittsburgh, Penn., Fairmont, W.Va., Davis, W.Va., Roseburg, Ore. and Eagle Pass, Texas. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation.Its mission is to lead the federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the global economy.

Secretaries Locke and Chu Focus on American Competitiveness at White House Clean Energy Forum

Locke and Chu seated at table responding to auidence questions. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a Clean Energy Economy Forum with business leaders from around the country. Energy Secretary Steven Chu and other administration officials were also featured speakers at the Forum, which included a focus on ensuring American competitiveness and leadership in the emerging clean energy economy. In addition to addressing issues of competiveness, administration officials reiterated the need for a comprehensive energy plan that puts America back in control of its energy future and breaks a dependence on oil that threatens our economy, our environment and our national security. (Remarks) (More)

Anaheim Receives $7.2 Million in Federal Funds to Create Jobs, Strengthen Economy

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U.S. Deputy Assistant Secretary of Commerce for Economic Development Brian P. McGowan presented a $7.2 million Economic Development Administration (EDA) grant to the city of Anaheim to create jobs in the Anaheim Canyon. The project is expected to create 1,900 jobs and generate $570 million in private investment, according to grantee estimates. EDA is an agency within the U.S. Department of Commerce that partners with distressed communities throughout the United States to foster economic growth and job creation. (More)