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Blog Category: Economy

Director Kappos Promotes Innovation in Southern California

Director Kappos, seated, being interviewed

Under Secretary and United States Patent and Trademark Office Director David Kappos briefed southern California innovators on the many ways the Obama administration is advancing U.S. innovation. He met with technology entrepreneurs at Powerwave Technologies in Santa Ana, California, hosted by Southern California’s TechVoice chapter in conjunction with CompTIA and locally-based Technology Leadership Political Action Committee (TLPAC). The USPTO is on the eve of publishing a series of new rules implementing the America Invents Act, signed last September by President Obama, which will improve patent quality and make it easier for U.S. innovators to protect their intellectual property (IP) abroad. Attendees were briefed on AIA implementation as well as the USPTO’s plans to open four new satellite offices, including one in the Silicon Valley region of California. “By building partnerships and collaborating with the Orange County Bar and broader community,” Director Kappos said, "the USPTO will better engage its Silicon Valley office with the Southern California IP community.”

Women in the Financial Sector: A White House Forum on Economic Growth

Acting Secretary Blank Presenting to the Women in the Financial Sector: A White House Forum on Economic Growth

Guest blog post by Acting Commerce Secretary Rebecca Blank

This morning I spoke with around 100 women from across the U.S. financial services industry at the White House. The forum included business executives as well as stewards of institutional funds.

I’m an economist by training and I’ve studied the role that women play in the workforce. When it comes to decision-making, in the boardroom or anywhere else, the best decisions get made when there is more diversity of perspectives and opinions at the table. So it was great to hear from these leaders.

We talked about the U.S. economy and some of the challenges we face, and I highlighted some of the things that President Obama is pushing for to help strengthen our economy, build on our global competitiveness, and create even more jobs.

Already, GDP has grown for 11 straight quarters and more than 4.4 million private sector jobs have been created over the past 28 months. That’s good news, but clearly we must do more.

For example, we need to expand support for states and localities to hire more teachers, police, and firefighters. We need to expand infrastructure investment, and put unemployed construction workers back to work. We need to reward firms that insource—bringing jobs back to America—and eliminate tax benefits for companies that outsource. And we need to extend tax cuts for middle class families.

In addition, everyone agreed that Americans should be as concerned, perhaps even more concerned, with long-term investments that assure long-term American competitiveness. For example, the president has called on Congress to support more research and development as well as tech transfer in America’s top universities and labs along with investments that will help to increase the skills of the U.S. workforce, provide greater access to higher education and enhance our nation’s educational infrastructure.

Acting Secretary Blank Delivers Remarks at BIS Update Conference on Export Controls and Policy

Acting Secretary Blank gestures from the dais

On Tuesday, Acting Commerce Secretary Rebecca Blank delivered the keynote address at the Conference on Export Controls Policy, hosted by the Commerce Department’s Bureau of Industry and Security. This annual conference is the U.S. Government’s major export control outreach and education event of the year.

In her remarks, Dr. Blank highlighted progress on President Obama’s Export Control Reform Initiative and the National Export Initiative, saying that success in both areas is important for strengthening the American economy and creating more jobs, which are the president’s top priorities.  

Blank emphasized that the United States must have a strong, effective export control system through the powerful partnership between federal agencies like BIS and American companies that sell cutting-edge products, calling such a system “a national security imperative.”

The last major changes to export control regulations took place over 15 years ago, and those changes were more organizational than substantive. Through the President’s Export Control Reform (ECR) initiative, this is changing.

This initiative has at its core a continued commitment to national security, to prevent key goods and technologies from falling into the wrong hands, Acting Secretary Blank said. The proposed changes over controls on less-significant military items do not mean that key items will be “de-controlled.”  In fact, the departments of Commerce, Justice and Homeland Security will continue to aggressively investigate and prosecute illegal exports to countries and end users of concern.

Acting Secretary Blank noted that these export control reforms will not only enhance national security by focusing resources on the greatest threats, but will also generate other benefits, including increased U.S. interoperability with allies, reduced incentives for foreign companies to avoid American-made parts that in turn will strengthen the American defense industrial base, and, importantly, reduce unnecessary regulatory burdens, expenses and red tape on American exporters.

International Visitors to the U.S. Spent Record $13.9 billion in May, Helping Support U.S. Jobs

Report cover: National Travel and Tourism Strategy

Guest blog post by Acting Commerce Secretary Rebecca Blank
 
Tourism is America’s number one service export, and today we have even more evidence that America is indeed open for business. New data released by the U.S. Commerce Department today shows that international visitors spent nearly $14 billion on travel to, and tourism-related activities within, the United States in May$1 billion more than was spent in May 2011marking 29 straight months of growth.
 
This data also means that the U.S. is on pace for a record-setting year, with international visitors having spent over $68 billion so far – up 12 percent compared to last year.
 
The facts are clear: tourism is a high-growth bright spot in our economy. We must continue to build on this momentum by making sure that America is travel-friendly to international visitors, thereby helping our businesses create even more jobs.
 
Fortunately, there are many dedicated people working to increase travel and tourism. This morning, I had the chance to talk with a few of them at a meeting of the Travel and Tourism Advisory Board in Dearborn, Mich., where I joined federal agency partners, as well as U.S. Representative John Dingell (D-MI), to discuss the Obama administration’s ongoing efforts to increase travel and tourism to the United States. During the board meeting, we discussed implementation of the recently released National Travel and Tourism Strategy (PDF), a blueprint for the federal government to welcome 100 million international visitors each year by the end of 2021. These visitors would spend an estimated $250 billion per year, supporting even more jobs and spurring economic growth in communities across the country.

Innovation in the Marketplace: Dr. Desh Deshpande on Successful Proof of Concept Centers

Portrait of Desh Deshpande

Guest blog post by Nish Acharya, Director of the Office of Innovation and Entrepreneurship in the U.S. Department of Commerce’s Economic Development Administration.

The National Advisory Council on Innovation and Entrepreneurship (NACIE) supports President Obama’s innovation strategy by helping to develop policies that foster entrepreneurship and identifying new ways to take great ideas from the lab to the marketplace to drive economic growth and create jobs.

One of the guiding forces of NACIE is its co-chair, Dr. Desh Deshpande, who is also Chairman and President of the Sparta Group and has been involved with many other companies, such as A123 Systems, Sycamore Networks, Tejas Networks, Sandstone Capital, and HiveFire. He is also the founder of the Deshpande Foundation, and creator and supporter of the Deshpande Center for Technological Innovation at the Massachusetts Institute of Technology (MIT), which is a leading proof of concept center.

In the last of a series of conference calls with members of NACIE, on June 27, participants spoke with Dr. Deshpande, with whom I have worked closely to identify and implement strategies to spur entrepreneurship and innovation.

During the call, Dr. Deshpande defined innovation as coming up with new ideas, while entrepreneurship is putting those ideas into practice. He pointed out that all innovation is contextual, in that no group of individuals can just sit down and solve all the world’s problems. It is important, he noted, that innovators live in the areas where the problems exist. His point echoed one that has been made by several other NACIE members, namely that innovators have a greater chance of success if they begin by solving the problems that exist in their own communities.

The Road to Revitalizing Anderson, Indiana’s Auto Sector

Economic Development Administration-banner

Guest blog post by Thomas Guevara, Deputy Assistant Secretary of Commerce for Economic Development and a native of Indiana

As auto communities across the country work to strengthen and redefine their economies, the Obama administration is making good on the President’s commitment to invest in American innovation and advanced manufacturing to spur growth.

In my home state of Indiana, the city of Anderson, located about 25 miles northeast of Indianapolis, was once home to one of the greatest concentrations (after Flint, Michigan) of General Motors facilities in the United States. Today, not a single one of those plants is in operation.

While this is a significant challenge, there is also opportunity. That was the focus of the Auto Community Revitalization Roundtable at the Flagship Enterprise Center that I recently attended in Anderson: to hear from communities affected by the loss of manufacturing jobs, offer practical tools, share available resources, and explore solutions for auto communities in Indiana that are on the road to revitalization. The forum was organized by the Manufacturing Alliance of Communities, the Obama administration’s Office of Recovery for Auto Communities and Workers, and the RACER Trust, which was established to clean up and redevelop closed General Motors sites.

The road to revitalization requires a change of mindset. Rather than think of the abandoned facilities and their accompanying infrastructure as a disadvantage, cities such as Anderson are finding ways to repurpose these assets for future economic growth. The built industrial environment—including manufacturing plants, warehouses, road and rail links, etc.—can be refashioned and reused to suit the needs of newer, growing industries to replace the industries that departed. These industries are not the traditional manufacturers that employed our parents, but rather are modern advanced manufacturing sites that are leading the way in global competitiveness and attracting foreign direct investment.

EDA: Economic Recovery in Fremont, California's Auto Community

Ed. note: Cross-posted from U.S. Department of Labor's "Auto Communities" blog by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development (EDA)

We all know the situation a few years ago when President Obama took office: the American auto industry was shedding jobs by the hundreds of thousands and General Motors and Chrysler were in financial crisis. In the year before GM and Chrysler filed for bankruptcy, the auto industry lost more than 400,000 jobs. Had President Obama failed to act, conservative estimates suggest that it would have cost at least an additional million jobs and devastated vast parts of our nation's industrial heartland. But that did not happen because the president quickly intervened to save the U.S. auto industry from collapse. Today, GM, Ford and Chrysler have all returned to profitability.

President Obama's decision to respond so boldly was about more than the auto companies. It was about standing behind the countless workers, communities and businesses—large and small—that depend on the automotive industry. It was also about revitalizing American manufacturing.

Across the administration, federal agencies have outlined an agenda to support growth, job creation, and competitiveness in U.S. manufacturing. The U.S. Commerce Department's Economic Development Administration (EDA) has a strong track record of working with automotive communities to develop plans for economic recovery. The agency's efforts to help revitalize the nation's auto industry have been significant in Fremont, California, where a large auto assembly facility operated by the New United Motor Manufacturing, Inc. (NUMMI) was shut down in early 2010. The plant had employed nearly 5,000 workers, with thousands more dependent on it. The blow to the local economy was severe.

Acting Secretary Blank Participates in U.S.-Poland Business Summit in Warsaw, Poland

Acting Secretary Blank Participates in U.S.-Poland Business Summit in Warsaw, Poland

Acting U.S. Commerce Secretary Rebecca Blank and Poland’s Deputy Prime Minister Waldemar Pawlak welcomed participants in the U.S.-Poland Business Summit and Business Roundtable in Warsaw yesterday. This important event fulfills an agreement made during President Obama’s visit to Poland last yearto bring together U.S. and Polish business and government leaders to identify and promote new commercial opportunities and strengthen and expand commercial relations between the two countries.
 
Blank and Pawlak co-chaired the Business Roundtable at an informal session with American and Polish businesses and government officials. They discussed increasing bilateral investment and expanding energy sector cooperation. In her remarks, Acting Secretary Blank called for more cooperation between the two countries to continue vital strides towards creating good paying jobs that will help both economies flourish.
 
In her remarks to the summit, Acting Secretary Rebecca Blank talked about increasing U.S.-Poland economic and commercial ties. She said that over the past ten years, U.S. bilateral trade with Poland has nearly quadrupled and today the U.S. is doing more than ever to link with the E.U.’s fastest growing economy. Complete Readout

NIST: Creating Jobs with Innovation

Image: NIST Under Secretary and Director Patrick Gallagher tours Omega Plastics

Guest blog post by Patrick Gallagher, Under Secretary  of Commerce for Standards and Technology and Director, National Institute of Standards and Technology

We’ve been hearing a lot about manufacturing, especially advanced manufacturing, these days. Things like U.S. manufacturing :

  • Is critical to innovation since it’s responsible for most of our private sector research and development;
  • Is increasingly about sophisticated computer-driven, highly productive worksites requiring skilled workers; and
  • Is a growing source of good jobs.

What we don’t hear about as often are specific cases where U.S. manufacturers are using new technologies to diversify their markets, improve their products, and create or retain jobs. I was fortunate today to visit one such company, Omega Plastics Inc., located in Clinton Township, MI, about an hour outside Detroit.

The event was part of a “Best Practice Tour” sponsored by the Michigan Manufacturing Technology Center (MMTC), an affiliate of NIST’s Manufacturing Extension Partnership (MEP).

New $6 Million Strong Cities, Strong Communities Challenge to Spur Economic Growth in Six Cities

Economic Development Administration-banner

Guest blog post by Acting Assistant Secretary of Commerce for Economic Development Matt Erskine

Today, at the annual meeting of the U.S. Conference of Mayors in Orlando, Florida, I joined Erika Poethig, the Assistant Secretary for Policy Development and Research at the U.S. Department of Housing and Urban Development (HUD), to launch the latest key components of the Obama administration’s Strong Cities, Strong Communities (SC2) initiative, which was announced in July 2011 to help strengthen local capacity and spark economic growth in local communities while ensuring taxpayer dollars are used wisely and efficiently.

The Commerce Department’s Economic Development Administration (EDA)—an SC2 Federal partner—announced the $6 million Strong Cities, Strong Communities Visioning Challenge to help economically distressed cities leverage innovative strategies to spur local economic and job growth.

The challenge will start with the competitive selection of six cities, one in each of EDA’s regions. Each of the winners will receive up to $1 million to conduct their own two-phase competitions. In the first phase, winning cities will encourage teams of experts in such fields as transportation planning, economic and community development, business incubation, and engineering to submit economic development proposals for their city or region. The highest-rated proposals, as evaluated by a city-appointed review panel, will receive cash awards. In the second phase, the finalists from the first round will compete for a cash prize by developing comprehensive economic development plans.