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Blog Category: Businesses

Obama Administration Awards $20.5 Million In Make It In America Challenge Grants

Secretary of Commerce Penny Pritzker, along with U.S. Secretary of Labor Thomas E. Perez, and Delta Regional Authority Federal Co-Chairman Chris Masingill, today announced the 10 winners of the Make it in America Challenge, an Obama administration initiative to accelerate job creation and encourage business investment in the United States. The 10 grantees will receive a total of $20.5 million for projects supporting regional economic development, advanced skills training, greater supply chain access and other enhancements. The programs are designed to encourage U.S. companies to keep, expand or re-shore their manufacturing operations—and jobs—in America, and to entice foreign companies to build facilities and make their products here.

The Commerce Department’s Economic Development Administration (EDA), the Labor Department’sEmployment and Training Administration (ETA), and the Delta Regional Authority (DRA) are providing funding for the winning proposals. Additionally, Commerce’s National Institute of Standards and Technology Manufacturing Extension Partnership (NIST MEP) plans to make awards in early FY2014.

“Given our competitive advantages in energy costs, research and development, labor productivity, and intellectual property protection, there is no better place to do business than the United States," said U.S. Secretary of Commerce Penny Pritzker. The Make it in America Challenge grants support innovative, regionally-based strategies that will encourage businesses to capitalize on those advantages.”  Full release

Improving the Economic Measurement Toolkit: Partnerships between Businesses and Federal Statistical Agencies

Director Steve Landefeld

Businesses and federal statistical agencies have a long history of working together to produce something that is vitally important to both groups: the nation’s economic measurement toolkit.

Steve Landefeld, director of the Commerce Department’s Bureau of Economic Analysis, charted the history of this collaboration and underscored the importance of continuing that partnership during a panel session Tuesday at the National Association for Business Economics’ (NABE) annual meeting in San Francisco.

This public-private partnership has produced concrete results over the years. For example, BEA partnered with IBM to develop a new type of price index that captured the effect of changes in technology. And BEA worked with Chrysler to develop a new price index for motor vehicles.  The Chamber of Commerce has also hosted conferences that led to important changes in the way the U.S. and other countries measure their economies. NABE has served as an important forum to spur additional ideas on the measurement front.

Secretary Pritzker Tours Entrepreneur Center in Nashville, Tennessee

Secretary Pritzker receives a demonstration from one of the entrepreneur inside the Nashville Entrepreneur Center

Today, Secretary Penny Pritzker continued her successful nationwide listening tour with a stop at the Entrepreneur Center in Nashville, Tenn. This was her first stop in “Music City, USA” and provided her with an opportunity to hear how the center supports business start-ups and job growth.

The Entrepreneur Center (EC), a nonprofit business incubator, helps connect entrepreneurs with investors, mentors and resources that are crucial to accelerating the launch of their startup businesses. The EC houses 80 startups and was created through a public-private initiative, the Nashville Chamber of Commerce’s Partnership 2010, in 2007.

Following a catastrophic flood in May 2010, the Commerce Department’s Economic Development Administration (EDA) invested $2.5 million in the EC in 2011 to renovate an historic building, the Trolley Barn, which tripled the facility’s capacity. The investment is also helping mitigate economic impacts of future disasters and helping build a stronger, more disaster-resilient economy.

A One-Stop-Shop on the Health Care Law for Businesses Big and Small

Get started image

Cross-posted from the White House Blog by Valerie Jarrett 

As we implement the Affordable Care Act, we continue listening to the needs of the business community. Based on our many conversations with leaders of our nation’s businesses, large and small, today we are launching Business.USA.gov/healthcare, a one-stop-shop where employers of all sizes can go for information on the Affordable Care Act.

The new site includes a web-based tool that allows employers to get tailored information on how the health law may affect them based on their business’ size, location, and plans for offering health benefits to their workers next year. From tax credits for small businesses to help make coverage affordable, to measures to help slow the growth of health care costs, there are a variety of ways that the Affordable Care Act can help businesses expand health care coverage and compete.

The site leverages the resources of our partners across the federal government to ensure that business owners get comprehensive health care information and easy-to-use tools, such as a timeline of key implementation dates; information about the SHOP Marketplaces and small business tax credits; and resources to help calculate a firm’s number of full-time equivalent employees or determine if the coverage they already offer meets the law’s minimum value standards.

The administration is working with the employer community to ensure the site continues to be a helpful resource for businesses and their employees, including updating the site with additional, timely information, so stay tuned.

Secretary Pritzker Tours SEMATECH and CNSE for Firsthand Look at Semiconductors

Secretary Pritzker with Paul Farrar, General Manager of Global 450mm Consortium (G450C); CNSE Vice President for Manufacturing Innovation; Chief Executive Officer of the U.S. Photovoltaic Manufacturing Consortium (PVMC)

As a part of her nationwide listening tour, Secretary Pritzker met with officials from SEMATECH and the State University of New York College of Nanoscale Science and Engineering (CNSE) while in Albany, New York today. SEMATECH and CSNE are leaders in semiconductor technology in the U.S. and among the most innovative enterprises in the world.

Secretary Pritzker met with the executives of SEMATECH and CNSE to discuss the global challenges that accompany a constantly evolving industry. The secretary also spoke about the role Commerce’s National Institute of Standards and Technology’s (NIST) plays in creating standards and funding research with SEMATECH and CNSE. She also asked about how the Commerce Department can support growth in the semiconductor and high-tech industries. 

During her visit, the secretary went on a facility tour of CNSE Nanotech and see state-of-the-art chip making technology firsthand. In the NanoFab North room the secretary saw SEMATECH employees conducting research and she stopped at the NanoFab Central Viewing Gallery where she saw rival companies collaborating in a clean room on nano electronics R&D. In the NanoFab Xtension room she viewed the new Global 450 Consortium clean room–a $4.8 billion partnership of Intel, IBM, Global Foundries, Samsung, TSMC, and CNSE to lead the industry’s transition to 450 mm wafers.

Secretary Pritzker Speaks with Top Business Leaders on Commerce’s Work to Support American Businesses

Secretary Pritzker speaks with American business CEOs

Since taking office two weeks ago, Secretary Penny Pritzker has made it clear that engaging with the business community is a top priority.  Her commitment to this effort is evidenced by recent calls to top CEOs: Jim McNerney, President and CEO of Boeing, and Ursula Burns, CEO of Xerox Corporation.

Given her extensive experience in the private sector, Secretary Pritzker understands not only the importance of the Department establishing close ties with the business community, but more importantly what can be learned from meeting with local business leaders (both large and small companies).  It is only through these intimate conversations, that one can adequately understand and further address the issues many businesses face.

During her conversations with CEOs, Secretary Pritzker asked what their biggest challenges were and what how she, as Commerce Secretary, could help companies become more competitive both in U.S and abroad.  The Secretary also established an open line of communication, welcoming feedback from CEOs and business leaders to help her develop strategic goals and her agenda over the next few months. 

Secretary Pritzker’s outreach to the business community is just beginning.  This week marks her first trip as part of an overall listening tour. Conversations such as these are part of her overall commitment to being a strong advocate for U.S businesses to help businesses grow and create jobs to strengthen our economy. 

2012 Economic Census Mailings Sent to U.S. Businesses to Create a Snapshot of the American Economy

2012 Economic Census

The Commerce Department's  U.S. Census Bureau is mailing nearly 4 million forms to American businesses, as the official twice-a-decade measure of the economy continues rolling out. Economic census forms began being mailed in October. The majority of the forms were mailed Monday of this week. Most U.S. businesses with paid employees will receive a form in the coming weeks. The Census Bureau will collect responses until the Feb. 12 deadline, unless an extension is filed.

The 2012 Economic Census covers more than 1,000 industries in all sectors of the private, nonfarm economy. To create a snapshot of the American economy, the census asks businesses to provide basic information on revenue, employment and payroll, and industry-specific topics such as the products and services they provide.

Every five years—in years ending in “2” and “7”—the economic census collects reliable business statistics that are essential to understanding the American economy. The economic census is the only source providing information on industry revenues and other measures of American business performance that are consistent, comparable and comprehensive across industries and geographic areas.  Press release

Job-Creating Culinary Center Opens in Philadelphia with EDA Support

Artist's rendering of exterior of the new Center

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

Providing office space and support for budding entrepreneurs to develop and grow their businesses while boosting the synergies offered by their developing ideas, skills, and products is a critical economic development strategy.

This is exactly what I saw today in Philadelphia, when I attended the opening of the new Dorrance H. Hamilton Center for Culinary Enterprises (CCE), an innovative facility that will provide shared business space for food entrepreneurs from throughout the Philadelphia region. This center was developed by Philadelphia’s The Enterprise Center, a business accelerator that since 1989 has supported local entrepreneurs and spurred economic growth in Philadelphia, and the Economic Development Administration (EDA), which in 2010 provided $1.5 million to support the construction of the CCE.

The new CCE building contains 13,000 square feet of space, and includes four state-of-the-art commercial kitchens that will be available for rent to culinary entrepreneurs, an eKitchen Multimedia Learning Center, and retail space for tenants.

China Travel Log 4: On His Final Day in China, Secretary Bryson Highlights Travel to the U.S.

Secretary John Bryson spent his last day in China in the financial capital of Shanghai.

He began his day with a group of American business leaders based in China. The leaders, members of American Chamber of Commerce in Shanghai and the U.S.-China Business Council, exchanged ideas and shared information about the opportunities and challenges of day to day business operations in China.

As Secretary Bryson said to the group, our bilateral trade with China reached over $500 billion last year, with U.S. merchandise exports reaching $100 billion for the first time. However, with a trade deficit close to $300 billion, we still have a lot of work to do.

The Secretary then gave remarks at a tourism event, highlighting the robust and growing travel of Chinese tourists to the United States.

In his remarks, Secretary Bryson pointed out that "travel and tourism between our countries is crucial to building stronger cultural and economic ties. This generates greater understanding and friendship between our people. And yes, it also generates greater prosperity."

Secretary Bryson Keynotes Manufacturing Summit Hosted by Senator Gillibrand in Rochester, New York

Secretary Bryson keynotes manufacturing summit, tours site with Senator Gillibrand

This morning, U.S. Commerce Secretary John Bryson delivered remarks at an upstate New York manufacturing summit hosted by U.S. Senator Kirsten Gillibrand and the Rochester Institute of Technology (RIT) at RIT’s Center for Student Innovation. He delivered the keynote address, discussing the administration’s initiatives to help businesses “build it here and sell it everywhere” around the world. Rochester, New York, has a long tradition of leadership in manufacturing and technology. Fueled by a well-educated workforce and commitment to entrepreneurship, Rochester has provided a great example of what American innovation can bring to the U.S. economy.
 
While in Rochester, the Secretary had a chance to tour RIT’s construction of their brand new facility, where students will soon be performing cutting-edge research in sustainability. The Commerce Department helped make this facility possible through a $13.1 million grant from Commerce's National Institute of Standards and Technology (NIST).
 
In the afternoon, the Secretary visited a business called Schlegel Systems, Inc., a company that specializes in seals, gaskets and brushes for the building products, automotive and copier industries. The Commerce Department’s Manufacturing Extension Partnership (MEP) in New York is working with Schlegel Systems, Inc. to accelerate new products into the marketplace and expand their markets, along with many other companies. Recent annual data shows that businesses that teamed up with the New York MEP had over $400 million in sales, helping to keep or create nearly 4,000 jobs.