Cross post to the White House Blog

Today, President Obama convened a meeting of the Council on Jobs and Competitiveness, a group of 27 leaders from business, labor and academia tasked with providing the President advice on strengthening our nation’s economy.

Since its first meeting about a year ago, the Council has put forward a host of recommendations that foster growth, competitiveness, innovation, and job creation, both now and for the future. Of the 35 specific recommendations the Council has made that don’t require legislative action, President Obama has taken action on 33 of them and his administration has already implemented 16.

Some of the implemented recommendations include proposing new tax rules that encourage businesses to invest and create jobs in the United States instead of overseas, expediting job-creating infrastructure projects across the country, eliminating inefficient and burdensome federal regulations, and streamlining government.

At today’s meeting, President Obama praised the Jobs Council for the work they are doing to help our country move forward.

"I recognize a lot of these issues are difficult. They’ve proven challenging for decades. The good news is on each of these fronts we’ve made progress this year. I feel confident in being able to say that every one of the agencies in this government has been focused on how do they improve, get smarter, get better, get faster, become more focused on delivering good value to the end user. And I believe that we’ve made genuine progress on all these fronts. We would not have made this progress without this Jobs Council."

The Jobs Council released a new report in advance of today's meeting that details recommendations to improve our nation's long-term competitiveness by investing in our education system, building on our strengths in manufacturing and energy, and reforming our regulatory and corporate tax systems. Read the full report here.

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

U.S. Senator Bill Nelson, Gainesville Mayor Craig Lowe, and University of Florida President J. Bernard Machen, all gathered for the opening of the Florida Innovation Hub on January 11, 2012. I was proud to address the large crowd that was here to support the unveiling of a new tech business incubator that will help entrepreneurs, innovators, and start-up companies commercialize their research and bring it into the marketplace.

As Florida seeks to diversify beyond tourism and agriculture, and transition to a more innovation-based economy, the $8.2 million grant that the Department of Commerce’s Economic Development Administration (EDA) invested in the University of Florida in Gainesville to build this facility will promote a more diverse economy in the state. It will lead to the creation of new higher-skill, living-wage jobs that are vital to the prosperity of this region. This incubator is expected to create 300 jobs and generate $30 million in private investment.

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

The Obama administration recently announced a $2 million Jobs and Innovation Accelerator Challenge award to the Center for Innovation and Enterprise Engagement to support the south central Kansas region’s efforts to jumpstart advanced manufacturing and create the jobs of the future. The $37 million Jobs Accelerator competition leverages funding from three federal agencies and technical assistance from 13 additional agencies to support the development of 20 high-growth industry clusters across the country. Funding for workforce training and technical assistance is provided by the Department of Labor’s Employment and Training Administration (ETA), the Department of Commerce’s Economic Development Administration (EDA), and the Small Business Administration (SBA).

Two manufacturing industries—wind turbine and medical equipment—are specific targets of the initiative being led by Wichita State University. The effort encourages the migration of technology into the region’s economy to develop composite and advanced materials products and processes and bring with it new, high-paying jobs. But other opportunities will undoubtedly come from exploitation by other industries of the composite materials sector in the region.

The investment will help assure that south central Kansas will remain a dynamic center of manufacturing and a generator of jobs for years to come.

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

With the private sector creating more than three million new jobs over the last 21 months, and nine straight quarters of positive GDP growth, the U.S. economy is showing signs of recovery. But with millions of people across the nation still unemployed, there is nothing more important right now than working to accelerate business development and job growth.

In the 2011 fiscal year, Commerce's U.S. Economic Development Administration (EDA) continued its important work of investing in competitive projects across the country that are spurring innovation at the regional level, helping to create jobs, and mitigating the effects of natural and man-made disasters.