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Blog Category: Puerto Rico

SelectUSA: Investing in the United States, Creating Jobs, and Spurring Economic Growth

Editor's note: This has been cross-posted from the White House's Blog.

Guest Blog Post by Secretary of Commerce Penny Pritzker and Jeff Zients, Director of the National Economic Council and Assistant to the President for Economic Policy 

Today, Lufthansa Technik announced a significant new investment in Puerto Rico that demonstrates how efforts to deploy the full resources of the federal government to win job-creating investments in U.S. states and territories pay off. Through the advocacy of several high-level U.S. officials, including the Vice President and the Secretary of Commerce, as well as the work of SelectUSA, the government of Puerto Rico was able to secure this new investment, which will create up to 400 permanent jobs and strengthen Puerto Rico’s burgeoning civil aviation sector.

Lufthansa Technik, a wholly owned subsidiary of Germany-based Lufthansa AG, is making a significant new investment in Puerto Rico to build a maintenance, repair, and operations facility. Thanks to the persistent support of the Administration through our SelectUSA investment initiative, local efforts led by Governor Garcia Padilla of Puerto Rico, and the strengths of Puerto Rico’s growing aviation industry, the United States won this new investment despite strong competition.

SelectUSA – launched in 2011 and housed in the Department of Commerce – is the first-ever federal effort to bring job-creating investment from around the world to the United States in partnership with state and local economic development organizations. Today, Ambassador-led teams at our posts overseas directly support foreign investors looking to make investments in the U.S. by providing resources and information, and when needed, connecting them to investment experts at the Department of Commerce and throughout the SelectUSA interagency network. 

Each investor, and investment case, gets tailor-made attention from our case managers at SelectUSA, who rely on ombudsman efforts to answer questions, as well as a sophisticated advocacy network that leverages key Administration officials all the way up to the President of the United States. Lufthansa is a perfect example of our coordinated efforts to bring job-creating investment here to the United States. In addition to Vice President Biden and the Secretary of Commerce and her team, SelectUSA involved other key federal officials, and coordinated with several federal agencies to provide the needed assistance to secure the project. And, when it came time to seal the deal, SelectUSA coordinated an effort across the federal government, including the support of the President’s Taskforce on Puerto Rico, to present Lufthansa with the case for locating their investment in the United States.

The Lufthansa investment is yet another example that demonstrates that the United States is an increasingly attractive location for job-creating business investment from around the world. Last year, for the first time in a decade, global business executives ranked the United States the number one destination for foreign investment. And the Department of Commerce released new data showing that foreign direct investment flows into the United States and our territories rose from $160 billion in 2012 to $187.5 billion in 2013.

With our booming natural gas sector, our skilled workforce, our status as home of the some of the top research universities and innovation hubs, and our resurgent manufacturing communities, the United States is primed for business investment. Businesses increasingly cite the U.S. open investment climate, rule of law, the ability to efficiently export their goods, access to high-quality supply chains, and proximity to robust consumer markets as key factors to locate their operations in the United States. And now, with the help of SelectUSA, the federal government is undertaking a coordinated and concerted effort to showcase our strengths and make the case with even more investors that the United States should be their top choice.

To put it simply, the United States is Open for Business. 

Jeff Zients is Director of the National Economic Council and Assistant to the President for Economic Policy. Secretary Penny Pritzker is the Secretary of Commerce.


Census Report Reveals Shifts in State Populations, Texas Gains Most

Alternate TextMap of U.S. showing population shifts

First population estimates since 2010 show slowest national growth since the 1940s

A new report from the Commerce Department's U.S. Census Bureau reveals that the United States population grew to 311.6 million between April 1, 2010 and July 1, 2011, an increase of 2.8 million. This marks the lowest overall growth rate for the U.S. since before the baby boom, according to Census Bureau Director Robert Groves. “Our nation is constantly changing and these estimates provide us with our first measure of how much each state has grown or declined in total population since Census Day 2010.”

The report shows that Texas gained more people than any other state during the Census period (529,000). Other fast-growing states included California (438,000), Florida (256,000), Georgia (128,000) and North Carolina (121,000). Combined, these five states accounted for slightly more than half the nation’s total population growth. California remained the most populous state, followed by Texas, New York, Florida and Illinois. While the District of Columbia experienced the fastest growth, with a population climbing by 2.7 percent, Rhode Island, Michigan and Maine each saw a decrease in total population. The Census Bureau will release 2011 estimates of the total population of counties and incorporated places beginning in 2012.  Census release  |  Comunicado de prensa en español

Commerce Department Supports Puerto Rico as part of President’s Interagency Task Force

Guest blog post by Rick Wade, senior adviser to Secretary Locke, deputy chief of staff, and member of the President’s Task Force on Puerto Rico’s Status

Today the President’s Task Force on Puerto Rico’s Status submitted a report to President Obama and Congress that provides recommendations for addressing Puerto Rico’s political status and economic climate. The report identifies specific proposals for boosting economic development, building competitive industries, and improving the quality of life for the people of Vieques – a Puerto Rican island-municipality in the northeastern Caribbean.

These recommendations, along with plans for their implementation, follow two public hearings held in San Juan, Puerto Rico and Washington, D.C., as well as meetings with island officials and other stakeholders to gather input directly from a broad cross section of voices on the issues of Puerto Rico’s status and economic development.

The report underlines the fact that Puerto Rico’s political status continues to be of great importance to its people. Its economy – like many others – has also faced significant challenges in recent years, driving the need for a greater focus on economic progress in the U.S. territory. Per capita income in Puerto Rico remains at less than one-third of that in the United States, due in part to its low employment rate and persistently low rate of labor force participation.

The U.S. Department of Commerce will be intensely involved in implementing the recommendations of the Task Force’s report. Six of the department’s 12 bureaus will lead projects in support of economic growth in Puerto Rico. The National Telecommunications and Information Administration will help develop an interagency team that works to connect Puerto Ricans to broadband Internet. The International Trade Administration’s U.S. Export Assistance Center in San Juan will help Puerto Rico increase its exports. And the department’s Bureau of Economic Analysis will help Puerto Rico update its methodology for calculating gross domestic product so it aligns with U.S. standards and better captures economic conditions there.

Secretary Locke Announces ARRA Grants to Expand Broadband Internet Access and Expand Economic Growth

Recovery Act logo. Click to go to Commerce Department Recovery Web site.

U.S. Commerce Secretary Gary Locke announced 23 American Recovery and Reinvestment Act (ARRA) investments to help bridge the technological divide, boost economic growth, create jobs and improve education and healthcare cross the country. The grants will increase broadband access and adoption in California, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Massachusetts, Maryland, North Carolina, New Mexico, Ohio, Oregon, Puerto Rico, Tennessee, Texas, Wisconsin and West Virginia. (More)