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Blog Category: Economic Development Administration

Commerce Department’s Clean Technology Trade & Investment Mission Kicks off in France

Community and Business Delegates of the EDA/ITA Clean Technology Trade and Investment Mission in Lyon, France, with U.S. Ambassador to France Charles Rivkin, Assistant Secretary of Commerce for Economic Development John Fernandez, and Deputy Assistant Secretary of Commerce for Economic Development Brian McGowan.The U.S. Commerce Department’s Economic Development Administration (EDA) and International Trade Administration’s (ITA) Commercial Service kicked off its Clean Technology Trade & Investment Mission in Lyon, France, on Monday at Pollutec, a tradeshow that features the world's leading international exhibit for the environment and sustainable development markets. 

The Clean Technology Trade & Investment Mission brings together a mix of U.S. community delegates and businesses to explore overseas opportunities to increase U.S. exports and attract foreign direct investment to the United States, with a focus on advancing the green economy and creating jobs at home. The week-long trip will conclude in Brussels, Belgium, where the delegation will attend a U.S. Embassy reception, NATO cleantech roundtable, and other networking opportunities.

The mission supports President Obama’s National Export Initiative, which aims to help U.S. firms sell their goods and services abroad with a goal of doubling U.S. exports over the next five years in support of several million American jobs.

Click here to read the press release.

Commerce Department’s EDA Highlights West Coast Projects Supporting Regional Development and Innovation

i6 award winnersU.S. Assistant Secretary of Commerce for Economic Development John Fernandez visited Portland, Ore., today to recognize the Economic Development Administration’s (EDA) i6 Challenge winners from EDA’s Seattle region. The Oregon Translational Research & Drug Development Institute, the Oregon Nanoscience & Microtechnologies Institute, and the Oregon Built Environment & Sustainable Technologies Center are joining forces to create the first comprehensive innovation infrastructure – the Oregon Innovation Cluster – to address gaps in the commercialization continuum for three broad industry/technology clusters. The program is receiving $1 million through the i6 Challenge, which represents a key component of President Obama’s innovation strategy - to move great ideas from the lab to the marketplace to create jobs and economic growth. U.S. Commerce Secretary Gary Locke announced all the winners of the i6 Challenge from six different regions of the country in September.

Fernandez also highlighted two additional EDA investments today. In Portland, he announced a $1.267 million grant to Portland State University’s College of Liberal Arts & Sciences to remodel and upgrade several on-campus science laboratories and train students for work in clean technology and other science-related industries.

In Vancouver, Wash., Fernandez toured the EDA-funded Vancouver Crescent Industrial Area, which received $3 million from EDA to provide roadway infrastructure needed to redevelop the area in support of research and development and small manufacturing companies. 

Commerce Department Continues Focus on Expanding Markets for U.S. Exports

Secretary Gary Locke will join President Obama in India this week, where they will work to deepen bilateral economic cooperation between the two countries on a regional and global level. Continuing to expand bilateral economic ties with India is an important step toward achieving the goals of the president’s National Export Initiative, which aims to double U.S. exports within the next five years in support of several million U.S. jobs.

While in Mumbai, Locke will participate in the U.S.-India Business and Entrepreneurship Summit. He will then travel to New Delhi, where he will give a keynote address at a Federation of Indian Chambers of Commerce and Industry and the American Chamber of Commerce event.  In 2009, U.S. trade with India totaled $37.6 billion, and trade this year has already reached $32.4 billion through August.

Watch this video to hear from small business owners about their experiences partnering with the Department of Commerce.

Commerce's EDA Announces Winners of the Innovation in Economic Development Awards

U.S. EDA Innovation Awards 2010 logoU.S. Assistant Secretary of Commerce for Economic Development John Fernandez today announced the winners of the U.S. Economic Development Administration (EDA) 2010 Innovation in Economic Development Awards during the Southeast Workforce and Economic Development Conference co-hosted by EDA and the U.S. Department of Labor Employment and Training Administration. The recognition contest is in its 10th year.

"The 2010 Innovation Award winners showcase some of the nation’s best practices for promoting economic development through collaborative initiatives and highlight outstanding examples of regional success in the global marketplace," said Fernandez.  "I congratulate all the winners for their tremendous contributions to strengthen our nation's economy."

Formerly known as the Excellence Awards, this year's awards encompass four categories: Innovation in Regional Innovation Clusters (RICs); Innovation in Commercialization; Innovation in Global Export Promotion; Innovation in Green Technology. Winners included CONNECT, La Jolla, Calif.; Bluegrass Business Development Partnership (BBDP), Lexington, Ky.; Pennsylvania Center for Trade Development "Envoy Program," Harrisburg, Pa.; University of Arizona Tech Park's "Solar Zone"; Tucson, Ariz.  Release

Commerce Makes Comments Publicly Available on How Government Can Support the Advancement of Innovation and Technologies

Each year, the federal government makes substantial investments in research and development that takes place at our nation’s colleges and universities.  In 2008, federally funded university investments totaled over $31 billion.  Together with academia and the private sector, the Obama administration is working to support research and development and drive new innovations and technologies to market to create U.S. jobs and economic growth.

Recently, the Commerce Department hosted several University Innovation Forums in collaboration with university presidents addressing the roles of universities in innovation, economic development, job creation and the commercialization of federally funded research.  These forums built upon a national dialogue Secretary Locke began in February when he engaged university leaders and key stakeholders in a discussion about how the Obama administration can help move ideas from the lab to the marketplace. From these efforts, the Commerce Department is gathering input on best practices in university technology commercialization and making recommendations for federal government policy.

Space Coast Task Force Delivers Economic Strategies Report to President Barack Obama

Secretary Locke and NASA Administrator Bolden provide blueprint for job creation and innovation to propel regional economy

Obama at NASA giving remarks; NASA photoThe President's Task Force on Space Industry Workforce and Economic Development, co-chaired by U.S. Commerce Secretary Gary Locke and NASA Administrator Charles F. Bolden, Jr., today released its report to the president with recommendations to enhance economic development strategies along Florida’s Space Coast. The Task Force was charged with developing a plan for how best to invest $40 million in transition assistance from the federal government in the Space Coast region as the Space Shuttle program winds down.

Locke, Bolden, Labor Secretary Hilda Solis, Transportation Secretary Ray LaHood, and several other senior administration officials have visited the region multiple times since the creation of the Task Force to meet with area workers and experts.

“Over the past few months, we have worked diligently with local government officials, economic development agencies, and affected corporations and employees to develop a comprehensive plan that will create high-skill, high-wage jobs and a strong economic base in the Space Coast,” Locke said. “Space is a key driver of the 21st century American economy and that’s why the president believes so strongly in empowering NASA to pursue new avenues of discovery.”  Release  |  Report  |  NASA Space Coast Task Force

Secretary Locke Announces $31.3 Million in Restoration and Recovery Grants for Louisiana, Gulf

U.S. Commerce Secretary Gary Locke visited Louisiana today to hear from local business owners and community members who have been directly affected by the Deepwater Horizon/BP oil spill. At an economic roundtable in Metairie, La., Locke announced $31.3 million in coastal restoration and economic development grants for Louisiana and the Gulf Coast.

“These grants are another sign of this administration’s commitment to help the Gulf Coast’s economy and environment recover in the wake of the BP oil spill,” Locke said.

A $30.7 million restoration grant, awarded to the Louisiana Office of Coastal Protection and Restoration by Commerce's National Oceanic and Atmospheric Administration, will fund the restoration of a critical barrier headland near Port Fourchon, La. The headland, which experiences some of the highest shoreline retreat rates in the nation, protects vital bay and wetland habitat and property from storm surge and erosion. Louisiana’s coastal habitat is the state’s first line of defense during storms, reducing the devastating effects of wind, waves, and flooding.

In addition, Locke announced a $600,000 effort by Commerce’s Economic Development Administration (EDA) to fund the deployment of 21 Assessment and Evaluation teams to communities affected by the BP oil spill in the Gulf.  Read more

Secretary Locke Announces $10 Million Investment in Louisa County, Iowa

U.S. Commerce Secretary Gary Locke today announced a $10 million U.S. Economic Development Administration (EDA) grant to Louisa County, Iowa, to help rebuild the Oakville Bridge and assure businesses that vital transportation routes will remain open in the event of future severe weather events.

“The 2008 floods severely impacted infrastructure in Iowa,” Locke said. “This EDA grant will ensure that an important link for regional commerce remains open during future floods, letting businesses continue to operate and workers continue to work.”

“These funds will not only create good paying jobs immediately, but also will spur economic development in the region for years to come,” said U.S. Representative Dave Loebsack. “Oakville has shown a steadfast commitment to flood recovery and response and these funds will help the community recover stronger and better than before.”  Read More

Secretary Locke Visits Kennedy Space Center Lab, Meets with Displaced Workers on Florida's Space Coast

Phot of Locke in labSecretary Locke visited Florida’s Space Coast today to tour a world-class laboratory at Kennedy Space Center and meet with displaced workers to discuss what the Obama administration, the Commerce Department and NASA are doing to improve the local economy as the Space Shuttle program winds down, and to hear from them about the challenges they’re facing during the transition. Locke stressed the administration’s continued commitment to getting people back to work and preserving the region as a hub for innovation.

During his third visit to the region, Locke toured the Space Life Sciences Laboratory at Exploration Park, a research and technology facility at Kennedy Space Center, and met with recently laid off NASA contractors. He was joined by Congresswoman Suzanne Kosmas, Commerce’s Assistant Secretary for Economic Development John Fernandez, NASA Associate Deputy Administrator Charles Scales, and Kennedy Space Center Director Robert Cabana.

Locke and NASA Administrator Charles F. Bolden, Jr., are co-chairing the President’s Task Force on Space Industry Work Force and Economic Development, a $40 million, multi-agency initiative that is building on and complementing ongoing local and federal economic and workforce development efforts. The Task Force is leading the effort to grow the Space Coast economy and prepare its workers for the opportunities of tomorrow. Its report to the president is due in mid-August. 

 

Secretary Locke Announces Members of National Advisory Council on Innovation and Entrepreneurship at Michigan Innovation Forum

U.S. Commerce Secretary Gary Locke today announced the members of the National Advisory Council on Innovation and Entrepreneurship during an innovation forum at the University of Michigan in Ann Arbor. Locke hosted the event along with the Commerce Department’s Office of Innovation and Entrepreneurship at the Economic Development Administration.

The National Advisory Council on Innovation and Entrepreneurship will support 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. Members of the council include serial entrepreneurs, university presidents, investors and non-profit leaders.

“I want to extend my gratitude to the leaders selected to The National Advisory Council. Their work will be a key component of America’s economic recovery,” Locke said.

Participants at the forum discussed the role of universities in innovation, economic development, job creation and commercialization of federally funded research.

Earlier this year, Locke kicked off a national dialogue on these issues at a forum on “Catalyzing University Research for a Stronger Economy” with university leaders and key stakeholders in Washington, D.C. The Ann Arbor forum is the third of four in a series of regional innovation forums hosted by Commerce’s Office of Innovation and Entrepreneurship, with previous forums held at the University of Massachusetts and the University of Southern California. The final upcoming forum will be held at the Georgia Institute of Technology. Release