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Blog Category: Secretary of Commerce Penny Pritzker

Secretary Pritzker Celebrates Female Entrepreneurs during Women’s Entrepreneurship Day

Secretary Pritzker Celebrates Female Entrepreneurs during Women’s Entrepreneurship Day

U.S. Secretary of Commerce Penny Pritzker celebrated Women’s Entrepreneurship Day this week as part of the Global Entrepreneurship Summit (GES) in Marrakesh, Morocco. Secretary Pritzker helped lead the U.S. delegation to the Summit to demonstrate the U.S. government’s continued commitment to fostering entrepreneurship around the world. More than 3,000 entrepreneurs at all stages of business development, business leaders, mentors and high-level government officials gathered for the 5th Annual Global Entrepreneurship Summit. 

At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, and she convened the first-ever meeting of that group this past April. PAGE is made up of 11 well-known American entrepreneurs who are dedicating their time and resources to inspiring the next generation of entrepreneurs in the U.S. and abroad. Three PAGE members joined the Secretary at this year’s GES, including Alexa von Tobel, Founder and CEO of Learnvest, Daphne Koller, Co-Founder and President of Coursera, and Hamdi Ulukaya, Founder and CEOS of Chobani.  

In honor of Women’s Entrepreneurship Day, Secretary Pritzker delivered the keynote address to approximately 300 women entrepreneurs. She discussed America’s leadership in empowering entrepreneurs at home and abroad and touted how a strong entrepreneurial society can lead to greater economic growth, stability and security, and a rising middle class. During her remarks, she also addressed the challenges that face women entrepreneurs today including lack of access to capital, training in vocational and technical skills, and access to information and technology. Structural obstacles also create enormous difficulties for women and men who want to grow a new business and Secretary Pritzker highlighted some of those obstacles. Secretary Pritzker discussed how female entrepreneurs all over the world need a change in culture to support their work. She expressed that countries need a strong educational system that produces students able to think broadly and creatively, and to accept and take risks while also stressing that countries need to have laws that make it easy for innovators to both start a company and wind it down. 

During her first day in Morocco, the Secretary also spoke with representatives from 80 American Chambers of Commerce headquartered throughout Africa, who were also gathered in Marrakesh for the Global Entrepreneurship Summit. She discussed the Department’s Doing Business in Africa campaign, designed to leverage the power of the U.S. business community in Africa and encouraged U.S. trade promotion and investment to all regions of Africa. 

Secretary Pritzker Answers Questions about Entrepreneurship During Twitter Chat

While attending the Global Entrepreneurship Summit (GES) in Marrakech, Morocco Secretary Penny Pritzker took questions about entrepreneurship and innovation from Twitter users. As the Administration’s point person on entrepreneurship, Secretary Pritzker led a U.S. delegation to the Summit, demonstrating the U.S. government’s continued commitment to fostering a culture of innovation around the world.

Below is a transcript of the Twitter chat.

Secretary Pritzker Marks One-Year Anniversary of “Open for Business Agenda” Launch

Secretary Pritzker speaking with Evan Burfield at 1776 about the Open for Business Agenda

Today, U.S. Secretary of Commerce Penny Pritzker participated in an armchair discussion with 1776 cofounder Evan Burfield to discuss the U.S. economy, entrepreneurship, and the one-year anniversary of the Commerce Department’s “Open for Business Agenda.” Located in Washington, DC, 1776 serves as a global hub that connects startups tackling challenges in education, energy, health care, government and other industries with the resources they need to excel. 

Last November at 1776, Secretary Pritzker outlined the” Open for Business Agenda,” a bold policy priorities framework for the Department of Commerce, centered on the tools needed for U.S. economic growth. It is focused on U.S. trade and investment, innovation, data, environmental intelligence, and operational excellence, and this agenda reflects the Department’s role as the voice of business, as well as the Obama Administration’s keen focus on economic growth and job creation.

In light of Global Entrepreneurship Week which begins today, Secretary Pritzker highlighted the Department’s focus on entrepreneurship as an important tool for economic growth in the United States and across the world. As the Administration’s point person on entrepreneurship and chair of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, Secretary Pritzker will help lead the American delegation at the Global Entrepreneurship Summit (GES) in Morocco this week. At GES, the Secretary will promote the importance of global entrepreneurship and support foreign entrepreneurs. She will also stress that entrepreneurship is gender neutral when she speaks during Women’s Entrepreneurship Day on November 19.

On a more personal note, Secretary Pritzker offered advice to entrepreneurs, recommending that they should not be afraid of failure. As a founder of five companies, she understands that sometimes failures are necessary to achieve success and that resilience matters.

1776 cofounder Evan Burfield also asked Secretary Pritzker to talk about her favorite entrepreneur. She mentioned that the entrepreneurs she meets both at home and abroad – from Saudi Arabia to Japan – inspire her with their continual enthusiasm and desire to improve the world.  She specifically mentioned a young Ghanaian entrepreneur named Ethel Cofie who started an IT services firm as someone that inspires.  Secretary Pritzker also considers Daphne Koller, co-founder and president of Coursera and a PAGE Ambassador, an example of how great ideas can come at any age. Koller founded the online education platform when she was 44 and a Stanford University professor.   

Join Commerce’s Data Revolution: Innovation Leaders Need Apply

Secretary Pritzker speaking at the Esri Conference July 2014

Guest Blog Post by Secretary of Commerce Penny Pritzker

Last summer, I outlined the wide variety of factors that make the Department of Commerce “America’s Data Agency” – and I announced a series of steps aimed at unlocking the full potential of our data resources.

Among those actions, launching a department-wide Data Advisory Council was a top priority and a key commitment. And today, I am pleased to say that we are making good on our promise: the council has been officially established and we are now accepting applications.

We are looking for the best and brightest data thought leaders in the private and public sectors to advise our efforts to revolutionize Commerce’s data – to foster innovation, create jobs, and drive better decision-making throughout our economy and society.  The application process extends through December 3, 2014.  If you think you have what it takes, I strongly urge you to apply.

As we build our Data Advisory Council, we are actively recruiting a Chief Data Officer (CDO) to drive the transformation of our data, and we are pleased to announce the hire of an outstanding Deputy CDO, Lynn Overmann, currently a senior advisor to White House Chief Technology Officer Megan Smith.  Lynn will be responsible for coordinating and guiding the Department’s efforts to realize the value of our data and to put the vast volumes of our data to better use each and every day.

U.S. Department of Commerce Seeks National Partner to Help Lead New Program to Boost Job Talent Development Across America

Are you ready to join us?

Through the “Accelerating Industry-Led Regional Partnerships for Talent Development” Federal Funding Opportunity (FFO) published today, the U.S. Economic Development Administration (EDA) is now accepting proposals for a national partner to help develop and implement a new learning exchange program that will focus on building critical public-private partnerships to accelerate job skills development across America.

The availability of a skilled workforce is often cited as a primary factor considered by businesses in their investment decision process. The learning exchanges created through this initiative will help meet the skills needs of businesses by identifying, promoting, and expanding on successful industry-driven regional partnerships for talent development. By encouraging such partnerships, the program will help build regional pools of workers with the skills that are in demand by employers in their communities, leading to job creation and increased business investment.

Ensuring that our regions have the skilled workforce they need to keep our businesses strong and our economy growing is a major priority for the Administration and the U.S. Department of Commerce.

At Commerce, Secretary Pritzker, who has met with nearly 1,200 CEOs and business leaders who agree that workforce skills development is an issue that must be addressed, has made improving the linkages between training programs and employer needs a top priority in the Department’s “Open for Business” agenda.

We need dedicated partners to help us accomplish our goals.

So are you ready to join us?

Visit http://www.eda.gov/challenges/rnta-talent/ to get additional information on how to apply for this Federal Funding Opportunity.  

Applications must be submitted electronically via grants.gov and are due by 11:59 p.m. EST. on January 9, 2015

Commerce Secretary Pritzker Announces Four U.S. Organizations Honored With 2014 Baldrige National Quality Award

 Commerce Secretary Pritzker Announces Four U.S. Organizations Honored With 2014 Baldrige National Quality Award

U.S. Commerce Secretary Penny Pritzker today announced that four U.S. organizations are recipients of the 2014 Malcolm Baldrige National Quality Award, the nation’s highest Presidential honor for performance excellence through innovation, improvement and visionary leadership. 

The 2014 Baldrige Award recipients—listed with their category—are:

An independent board of examiners recommended this year’s Baldrige Award recipients from a field of 22 applicants after evaluating them in seven areas defined by the Baldrige Criteria: leadership; strategic planning; customer focus; measurement, analysis and knowledge management; workforce focus; operations focus; and results. An organization may compete for the award in one of six categories: manufacturing, service, small business, health care, education and nonprofit (including government agencies).

Thousands of organizations worldwide use the Baldrige Criteria to guide their operations, improve performance and get sustainable results.

The criteria, which are regularly updated, help organizations reach their goals, improve results and become more competitive by aligning plans, processes, people, decisions and actions vital to achieving ongoing success. More than 30 independent Baldrige-based award programs covering nearly all 50 states. Internationally, the program has served as a model for nearly 100 excellence programs.

From 2010-2013, Baldrige Award applicants represented nearly 500,000 jobs, more than $77 billion in revenue and budgets, and more than 400 million customers served.

A December 2011 study measuring the Baldrige Program's value to U.S. organizations conservatively estimated a benefit-to-cost ratio of 820 to 1, while a 2011 report by Truven Health Analytics found that health care organizations that have won or been in the final review process for a Baldrige Award outperform other hospitals in all but one metric the company uses to determine its "100 Top Hospitals" in the nation (and were six times more likely to be among the top 100). A study of the six organizations to win two Baldrige Awards found that for the years between awards their median growth in revenue was 93 percent and the median growth in jobs was 66 percent. The job growth was significantly higher than the average growth in jobs of 2.5 percent for matched industries and time periods.

Tapping Stakeholders to Help Accelerate Innovation and Entrepreneurship

When you want something done, give it to a busy person. In the case of the newly appointed members of the National Advisory Council on Innovation and Entrepreneurship (NACIE), the Department of Commerce has tapped a group of busy, innovative folks who are passionate about innovation, entrepreneurship, and workforce issues to advise the Secretary on compelling challenges and opportunities in these fields. 

With the “Open for Business” agenda, Secretary Pritzker made it clear that Commerce’s role is to be the voice of business to support the Obama Administration’s focus on economic growth and job creation. Additionally, this new vision recognizes the demands of a globally competitive economy. With the new members of NACIE hailing from companies small and large as well as nonprofits and academia, the new NACIE will be a conduit for that voice of business.  As it begins its work on December 5, 2014, the Council will be focused on the theme of “creating globally competitive regions.” 

NACIE was created in 2010 as part of the America COMPETES Act reauthorization to advise the Secretary of Commerce on innovation and entrepreneurship. The previous NACIE produced several impactful outcomes, including The Innovative and Entrepreneurial University: Higher Education, Innovation and Entrepreneurship in Focus report and the Improving Access to Capital for High-Growth Companies report, the latter of which served as the basis for the JOBS Act and began the process of expanding the capabilities and impact of crowd funding. 

With this iteration of NACIE, we’ve added a focus on the talent portion of the ecosystem. Having the right skilled workforce in the right place at the right time is a common challenge that is hampering many companies’ ability to grow and be competitive. Too many businesses can’t find skilled workers for jobs they want to fill, while too many people looking for a job may be ready to learn new skills but may not be certain that there’s a job waiting for them on the other end.

The specific challenge that will be issued to the NACIE members at their first organizational meeting on December 5 will be to look at what transformational investments and policies the federal government should facilitate that would help communities, businesses, and the workforce compete globally. There will be a focus on defining what “transformational” means and the Council will be urged to explore evidence-based outcomes that include metrics that can be used to monitor the impact of recommendations.

By bringing together this group of experienced, creative, and smart entrepreneurial thinkers, the Council is expected to develop innovative, actionable ideas to support the objectives of the Department of Commerce and Administration. And why not? Busy people clearly know how to get stuff done.

Secretary Pritzker Works to Promote More Business in Africa

Secretary Pritzker Works to Promote More Business in Africa

U.S. Secretary of Commerce Penny Pritzker traveled to Atlanta, Georgia this week to emphasize the importance of helping U.S. companies launch and increase their business in Africa at the “Discover Global Markets: Sub-Saharan Africa” Conference. The event brought together U.S. government officials, visiting U.S. commercial diplomats posted at embassies throughout Sub-Saharan Africa, international business leaders, trade finance experts, and others to help companies identify and develop trade and investment opportunities on the continent.

Secretary Pritzker reiterated America’s commitment to solving the Ebola crisis, while emphasizing that fears about the virus should not get in the way of the facts on the ground in Africa. Ebola is confined to just three countries with a total population of roughly 21 million, while the entire African continent is home to 1.1 billion. The world public health apparatus is actively engaged, and doctors, nurses, and medical workers are using the proper protocols to treat patients and to slow the number of new cases. Efforts to eliminate the virus are starting to turn the corner, and growth of the disease is slowing in Liberia.

Despite the challenges presented by Ebola, Africa presents tremendous long-term growth opportunities, and both the U.S. government and the U.S. private sector are committed to deepening our economic and commercial engagement on the continent. Africa is home to six of the ten fastest-growing economies in the world – including Chad, Congo, the Ivory Coast, Mozambique, Ethiopia, and Sierra Leone. Real income has increased more than 30 percent, reversing two decades of decline, and GDP is expected to rise 6 percent each year over the next decade. By 2040, Africa will boast a larger workforce than either India or China.

The Discover Global Markets Forum served to increase economic and commercial engagement in Africa by helping companies launch or increase their business on the continent. The event also built on the success of the first-ever U.S.-Africa Business Forum, which the Department of Commerce co-hosted in August. This Forum brought together hundreds of American and African chief executives officers with nearly every African head of state to spur more trade and investment between the United States and Africa. At this Forum, U.S. firms announced more than $14 billion worth of investments throughout the continent.

Investing in Manufacturing Communities Partnership Launches Second Round of Competition

Guest blog post by Commerce Secretary Penny Pritzker and Director of the National Economic Council Jeff Zients: Cross-posted from Whitehouse.gov

At the Investing in Manufacturing Communities Partnership Summit in Washington, D.C. last week, the Department of Commerce and 11 federal agencies with over $1.3 billion in economic development funding brought together more than 300 people from across the country to share best practices in building local competitiveness and to launch the second round of the Investing in Manufacturing Communities Partnership competition.

The Obama administration launched the Investing in Manufacturing Communities Partnership initiative in 2013 to build on the momentum in manufacturing we have seen over the last several years. Since February 2010, the manufacturing sector has created over 700,000 jobs and has grown nearly twice as fast as the overall economy. And with weekly hours in manufacturing at their highest since World War II, the sector appears poised for more jobs and growth, helping make the United States more competitive today than it has been in decades.

The Investing in Manufacturing Communities Partnership is an initiative that aims to spur communities to develop integrated, long-term economic development strategies that sharpen their competitive edge in attracting global manufacturers and their supply chains to our local communities -- increasing investment and creating jobs. Specifically, the program brings together the resources of multiple federal departments and agencies to support strong local economic development plans.

At the first-ever Summit, the 12 communities designated "manufacturing communities" under the first Investing in Manufacturing Communities Partnership national competition shared best practices and an update on the hard work underway in their communities to strengthen manufacturing with other communities looking to grow their own manufacturing sectors. 

Building on the strength of their local economic development strategies in manufacturing, the 12 communities are attracting new public and private investments in their communities, including over $100 million in new federal economic development investments. For instance, Southern California's designation as a manufacturing community helped Chaffey College secure a $15 million grant from the U.S. Departments of Labor and Education to create an advanced manufacturing training center, which will train workers for the highly technical, highly skilled jobs needed to grow the industry and the economy of the region. The Greater Portland, ME Region, organized by the Puget Sound Regional Council, was awarded a $4.3 million grant from the Department of Defense to transition Washington state's defense-sector advanced manufacturing capabilities over to new applications.

Secretary Penny Pritzker Emphasizes Importance of North American Platform with Canada’s Minister of International Trade Ed Fast and Mexico’s Secretary of Economy Ildefonso Guajardo Villarreal

During her trip to Canada, U.S Secretary of Commerce Penny Pritzker attended the fourth North American Competitiveness and Innovation Conference (NACIC) in Toronto. The conference provided a chance for the Secretary to meet with her Canadian and Mexican counterparts to discuss ways to strengthen the North American platform, which will create jobs, economic growth and long-term prosperity for workers, families, and businesses in all three countries. 

In meetings throughout the day, Secretary Pritzker, Canadian Minister of International Trade Ed Fast, and Mexican Secretary of Economy Ildefonso Guajardo Villarreal talked about areas of potential collaboration that will help make North America the most competitive place in the world to do business. 

This is the second time Secretary Pritzker has attended NACIC. Last year, the three countries agreed to work on a constructive agenda to strengthen their trade and economic relationship and pledged to continue helping businesses grow and American workers succeed through enhanced regulatory cooperation, and coordinated efforts to facilitate increased trade through many initiatives, including the ongoing Trans-Pacific Partnership negotiations. 

Since last year, the U.S., Canada, and Mexico have achieved progress in several tangible areas by promoting the advantages of investing in North America, continuing to foster an ecosystem of entrepreneurship and innovation; and improving the efficiencies of cross-border trade and travel. 

This year, Secretary Pritzker, Minister Fast and Secretary Guajardo talked about additional areas of cooperation that will help them add to the success that has already been achieved, and build upon the continent’s many competitive advantages. Joint investment promotion – or promoting investment into North America from countries outside the continent – will continue to be a focus. Since 2003, nearly 14,000 projects have been announced in North America by outside parties, representing $724.8 billion in capital investment. 

Additionally, by the end of 2014, Canada, Mexico and the United States will each have hosted business and government leaders from the other countries to share knowledge and best practices about innovation incubators, technology accelerators, and how public-private partnerships can revitalize economic regions. With many business and regions still recovering from the global economic slowdown, these innovative exchanges are important to ensuring that new business creation can lead to future growth.