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Blog Category: Economic Development Administration

First Americas Competitiveness Exchange Encourages Collaboration, Drives Innovation and Entrepreneurship in the Western Hemisphere

Guest Blog Post by Walter Bastian, Deputy Assistant Secretary of Commerce for The Western Hemisphere

Competition and collaboration aren’t typically mentioned in the same breath. For nations and businesses competing to innovate and prosper in a global marketplace, these concepts seem completely antithetical to one another.

That’s why the first Americas Competitiveness Exchange on Innovation and Entrepreneurship (Exchange) is such a unique and exciting partnership.

As part of the Exchange, senior officials from the U.S. Department of Commerce’s International Trade Administration (ITA) and Economic Development Administration (EDA) last week led a delegation of 45 business and government leaders from 20 Latin American and Caribbean countries on a tour across the Southeast United States. They visited five cities in four days with stops in Atlanta, Ga., Greenville, S.C., Conover, Kannapolis, and Charlotte, N.C.

The delegation toured technology centers, innovation hubs, and investment zones to see how U.S. companies are working to create some of the most advanced products in the world. The tour was geared to help make the interpersonal and inter-governmental connections that can lead to future international trade and investment deals.

The Americas Competitiveness Exchange for Innovation and Entrepreneurship provided a great opportunity for decision and policy makers in the Americas to see the results of economic development initiatives and meet high level authorities, leaders of private sector associations, public and private universities with research and innovation centers, looking to explore and expand the links between our economies and key stakeholders.

The United States and Latin America maintain a very special and very important investment relationship. In 2012, the total stock of Latin American foreign direct investment (FDI) in the United States was nearly $96 billion. And every day, 259,000 workers in the United States go to work in U.S. subsidiaries of Latin American firms. 

Fostering Innovation through Strong, Sustainable Regional Partnerships

Fostering Innovation through Strong, Sustainable Regional Partnerships

Guest blog post by Matt Erskine, Deputy Assistant Secretary for Economic Development

Earlier this week, I was honored to provide the keynote address at the International Economic Development Council’s (IEDC) 2014 Federal Economic Development Forum. Dr. Pat Gallagher, NIST Director performing the duties of Deputy Secretary and Mark Doms, Under Secretary for Economic Affairs, also participated in the forum. Both applauded the important work of the IEDC in fostering economic growth in communities across America.

The work that IEDC members are doing in communities here and around the globe is critical, timely and mirrors our philosophy at EDA: only by working together in effective, strong, and sustainable regional partnerships will we realize our collective economic vision. 

In fact, the three guiding themes of this year’s IEDC Federal Forum – Learn, Teach, and Collaborate – reflect EDA’ core mission to establish a foundation for sustainable job growth through innovation and regional collaboration.

Through our flexible grant programs, EDA provides construction, technical assistance, financing, strategic planning and network building tools that local and regional entities can use to support their communities’ unique economic development strategies and objectives. 

Our model of competitive, merit based co-investment in support of strong regional economic development strategies is a proven approach – an approach that always looks to maximize the return on investment and the impact of our assistance in communities.

Today, we are focused on synchronizing federal programs to both maximize federal taxpayer returns and maximize the impact in the communities we serve.  By breaking down Washington’s bureaucratic silos, we can be a more effective partner.

Spotlight on Commerce: Jeannette P. Tamayo, Chicago Regional Director, Economic Development Administration

Spotlight on Commerce: Jeannette P. Tamayo, Chicago Regional Director, Economic Development Administration

Ed. note: This post is part of the Spotlight on Commerce series highlighting members of the Department of Commerce and their contributions to an Economy Built to Last.

Guest blog post by Jeannette P, Tamayo, Chicago Regional Director, Economic Development Administration

I am both honored and humbled to have been asked to share my experience in the DOC Spotlight as part of Women’s History Month as so many extraordinary women, and their sons, contribute to our collective achievements.

As the Economic Development Administration’s (EDA) Chicago Regional Director, I am truly privileged to touch lives in extraordinary ways through the catalytic investments EDA funds and the hope and economic impact these investments bring to economically distressed communities across the nation.  As the only federal agency with economic development as its exclusive mission, EDA promotes the economic ecosystems in which jobs are created. EDA strives to advance global competitiveness, foster the creation of high-paying jobs, and leverage public and private resources strategically.

I am fortunate to work with creative, dedicated and energetic colleagues who use their specialized knowledge and skills to help communities transform ideas into a competitive application that, once implemented, results in initiatives that create jobs and leverage private investment.  No two ideas or communities are the same, and, as the competitive needs of regional economies change to be globally competitive, EDA is constantly presented with unique asset-based, innovative concepts that test our imagination and compel us to “push the envelope” – trying new approaches to foster economic sustainability and resiliency.  Grant making requires an understanding of communities and regions, risk management, and the ability to translate visionary goals into measurable activities.  It also requires building partnerships and creating opportunities for collaboration.  While ensuring that federal funds  for transformational projects flow to communities in my six-state region (IL, IN, MI, MN, OH, and WI), my specific role involves leading a regional staff, fostering creativity, finding solutions, managing change, engaging in negotiations and mediation, analyzing applications, marketing programs, and building coalitions. 

Breaking Down Silos to Foster Innovation

Regional Innovation Strategies Map

Communities understand what their needs are better than any outside organization. They understand that in order to affect real change, they need to work collaboratively with businesses, non-profits, and other government agencies. The Obama administration has been utilizing public-private partnerships in numerous initiatives, as well as promoting interagency groups and supporting collaboration across agencies. EDA is one of the agencies leading this charge, and, since fiscal year 2010, has invested in 65 collaborative investments throughout the country.

EDA has teamed with ARC, the Department of Agriculture’s Rural Development, and the Delta Region Authority on the Rural Jobs and Accelerator Challenge, which has resulted in $9 million in coordinated investments to support 13 partnership and innovation clusters across rural America. Today, the winners of the competition are providing entrepreneurs and businesses with research and development support to foster innovation, build supply chains, and hire and train workers here in the United States.

In 2012, EDA led the Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a partnership among several federal agencies, to support initiatives that strengthen advanced manufacturing and accelerate innovation in technology at the local level. Challenge winners like AMP! – The Advanced Manufacturing & Prototype Center of East Tennessee – are creating a collaborative environment where manufacturers work together with economic development resources, workforce development organizations, and research institutions. Read more about AMP! in NIST’s Manufacturing Innovation Blog.

Department of Commerce releases FY 2014-2018 Strategic Plan

Plan priorities are in direct alignment with the Department’s “Open for Business Agenda”

Today the Department of Commerce released its Strategic Plan for fiscal years 2014 to 2018. The five-year plan, along with the recently released FY15 budget, provides the pathway for meeting the Department’s long-term goals and objectives. The plan, summarizes the key strategies and initiatives that will drive progress in the Department’s five priority areas:

  • Trade and Investment. Expanding the U.S. economy through increased exports and foreign direct investment that leads to more and better American jobs.
  • Innovation. Fostering a more innovative U.S. economy—one that is better at inventing, improving, and commercializing products and technologies that lead to higher productivity and  competitiveness.
  • Data. Improve government, business, and community decisions and knowledge by transforming Department data capabilities and supporting a data-enabled economy.
  • Environment. Ensuring communities and businesses have the necessary information, products, and services to prepare for and prosper in a changing environment.
  • Operational Excellence. Delivering better services, solutions, and outcomes that benefit the American people.

The creation of the strategic plan was a collaborative effort involving staff from every Department of Commerce bureau and serves as a foundation for economic growth and opportunity. The plan is in direct alignment with the  “Open for Business Agenda,” which reflects the Department’s role as the voice of business, and the Administration’s focus on economic growth and job creation. Department leaders and employees will use this plan to transform strategies into actions, and actions into results.

Read a summary of the plan or the entire plan.

Files

Cities Launch Prize Competitions to Spur Economic Development Planning

SC2 Challenge logo

Last week, Greensboro, NC; Hartford, Connecticut; and Las Vegas, Nevada launched economic development competitions as part of the SC2 Visioning Challenge (SC2 Challenge). Created by the Commerce Department’s Economic Development Administration (EDA), the SC2 Challenge selected the three cities to receive $1 million each to solicit innovative strategies that advance local economic development planning.

Through a fair and open process of participation, these competitions are expected to attract a wide range of new approaches to help the communities succeed in reaching their economic and job growth goals. Leveraging an extensive array of innovative ideas from a diverse field of participants is a key benefit of challenge initiatives. 

The SC2 Challenge is part of the Strong Cities, Strong Communities Initiative (SC2), launched by the Obama administration in June 2011. SC2 is aimed at creating new partnerships between federal agencies and localities to spark economic development in communities that have faced long-term development challenges. 

After State of the Union Secretary Lew Highlights Importance of U.S. Manufacturing and Workforce Training

Secretary Lew speaks to Virginia State University interns and research faculty during his visit to the Commonwealth Center for Advanced Manufacturing in Prince George County, Virginia

Guest blog post by Marissa Hopkins Secreto, Senior Advisor to the Assistant Secretary of Public Affairs at the United States Department of the Treasury and Angie Martinez, Director Office of External Affairs at the U.S. Department of Commerce, Economic Development Administration.

Crossposted from Treasury Notes.

As part of President Obama’s call for creating more high-tech manufacturing jobs in his State of the Union Address last week, Treasury Secretary Jacob J. Lew visited the Commonwealth Center for Advanced Manufacturing (CCAM) in Prince George County, Virginia, on Friday. Secretary Lew toured CCAM’s facility and discussed the future of U.S. manufacturing and the importance of workforce training with CCAM’s business and university partners, as well as Matt Erskine, Deputy Assistant Secretary of Commerce for Economic Development.

“To build on the progress we have made over the last five years, we have to continue to take action to help strengthen economic growth, create jobs, and restore opportunity for all,” Secretary Lew said in statement about his visit.  “CCAM is at the forefront of expanding opportunity by bringing researchers, students, and business together to drive innovation and develop advanced manufacturing technologies.  It is also a powerful example of why this Administration’s focus on increasing job training, modernizing our education system, and creating manufacturing institutes is so important."
 
CCAM is changing the game for how we can grow manufacturing in the U.S. Their approach bridges the gap between fundamental research typically performed at universities and product development routinely performed by companies. CCAM’s members guide the research, leveraging talent and resources within CCAM and at Virginia’s top universities, through a collaborative model that enables them to pool R&D efforts to increase efficiencies. Results can then be applied directly to the factory floor, turning ideas into jobs faster and more affordably than ever before.  CCAM is just one example of the federal government’s efforts to connect universities to businesses and strengthen American manufacturing and our economy through these partnerships.

One Year After Sandy, Commerce Continues Helping Communities Rebuild

Satellite view of Superstorm Sandy, 10-29-12

One year ago today, Sandy made landfall along the mid-Atlantic coast. The storm devastated communities, families, and businesses. While it’s natural to reflect on the tremendous damage the storm wrought, today also presents us with an opportunity to look toward the future.

Before, during and immediately after the storm, the Department of Commerce provided information and data that helped save lives and property and get commerce flowing again. But our work hasn’t stopped and we continue to help in rebuilding efforts.

From spot-on forecasts delivered four days before the storm’s landfall to economic assistance to working to open ports, Commerce’s National Oceanic and Atmospheric Agency (NOAA) and Economic Development Administration (EDA) have been standing with our federal agency partners to assist affected communities. In the last year, the Obama administration has provided direct assistance to more than 230,000 people and small businesses and has announced more than $39.7 billion in funding for recipients. 

EDA serves as the administration’s lead for economic recovery as part of the National Disaster Recovery Framework, which coordinates key areas of assistance in the wake of natural disasters. Since Sandy struck, EDA has provided targeted technical assistance through peer-to-peer forums to assist the New Jersey tourism industry, government procurement roundtables, “Access to Capital Meetings” to inform business resources of traditional and non-traditional financing mechanisms, and providing risk management resources to small businesses in the region. Ultimately, these initiatives have helped provide small businesses, local leaders, and economic development practitioners learn best practices and empowered them to undertake robust recovery efforts.

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

United States Department of Commerce Plan for Orderly Shutdown Due to Lapse of Congressional Appropriations

Annual funding for the government expired on September 30. The Administration strongly believed that a lapse in funding should not occur. The Department is prepared for a lapse in funding that would necessitate a significant reduction in operations. Prior to a potential lapse in funding, the Office of Management and Budget (OMB) required the Department to submit a draft plan for agency operations (PDF) in the absence of appropriations (a “shutdown plan”).

The plan may be modified with additional guidance from the Office of Personnel Management and OMB, and may be changed by the Department, as circumstances warrant. This plan (PDF) complies with the guidance provided by the Office of Management and Budget, the Department of Justice and the Department of Commerce. All employees who are Presidentially Appointed, Senate Confirmed will remain on duty.

In compliance with the restrictions of the Anti-Deficiency Act, the Department of Commerce will maintain the following services and activities during a lapse in FY14 appropriations:

• Weather, water, and climate observing, prediction, forecast, warning, and support
• Law enforcement activities for the protection of marine fisheries
• Fisheries management activities including quota monitoring, observer activities, and regulatory actions to prevent overfishing
• Essential natural resource damage assessment activities associated with the Deepwater Horizon incident
• Water level data for ships entering U.S. ports, critical nautical chart updates and accurate position information.
• Patent and trademark application processing
• Operation of the national timing and synchronization infrastructure as well as the National Vulnerability Database
• Maintenance, continuity and protection of certain research property and critical data records
• All services of the National Technical Information Service
• Export enforcement – the ongoing conduct of criminal investigations, and prosecutions, and coordination with other law enforcement and intelligence agencies in furtherance of our national security
• Budget operations required to support excepted activities under a shutdown, such as tracking of obligations and funds control.

The following services and activities will not be available during a lapse in FY14 appropriations:

• Most research activities at NIST and NOAA (excluding real-time regular models on research computers used for Hurricane and FAA flight planning)
• Assistance and support to recipients of grant funding
• Technical oversight of non-mission essential contracts
• Services and activities provided by:
−Bureau of Economic Analysis
−Economic Development Administration
−Economics and Statistics Administration
−Minority Business Development Agency
−Bureau of the Census
• Most services and activities provided by the International Trade Administration