One of the chief architects of the Obama administration's bottom-up innovation strategies, U.S. Department of Commerce Assistant Secretary for Economic Development John R. Fernandez to return to private sector to promote innovation, job creation and global competitiveness.
U.S. Commerce Department Assistant Secretary for Economic Development John R. Fernandez has spent the last two and a half years–amid the most severe economic downturn in generations–successfully guiding the Economic Development Administration (EDA). In this role, he has led the Federal economic development agenda by promoting innovation and helping America’s communities build the foundation for long-term growth. He announced his decision today to return to the private sector, where he will continue to foster innovation, job creation and global competitiveness.
“The Obama administration has been fortunate to have a passionate leader like John who understands the president’s economic agenda and who has worked tirelessly to spur innovation, create jobs and an support an economy that's built to last,” U.S. Commerce Secretary John Bryson said. “John will be missed, but he has positioned EDA to continue to leverage private-public investments, support bottom-up strategies, and build 21st century infrastructure. We wish him success in his new role.”