U.S. Deputy Secretary of Commerce Rebecca Blank today released the Department of Commerce’s fiscal year 2014 budget request, which supports President Obama’s plan for an economy built to last with crucial investments in advanced manufacturing, innovation, trade promotion and enforcement, and research and development. These investments are designed to help grow the economy, create jobs and strengthen the middle class. The $8.6 billion budget request is an increase of $1 billion over the fiscal year 2012 level. The Department also identified a total of $195 million in administrative savings.
“The Department of Commerce has a vital mission to help American businesses thrive so they can create jobs here at home and maintain a competitive edge abroad,” said U.S. Deputy Secretary of Commerce Rebecca Blank. “The Department’s fiscal year 2014 budget reflects our commitment to our core priorities, including revitalizing American manufacturing, spurring innovation by investing in world-class research, science and technology, and driving export growth. Overall, this budget proposes targeted investments that will enable us to carry out our responsibility to help grow American businesses and the economy, while also spending federal dollars wisely.”