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Blog Category: Secretary of Commerce Penny Pritzker

U.S. Secretary of Commerce Penny Pritzker Kicks Off Middle East Trade Mission in Abu Dhabi

U.S. Secretary of Commerce Penny Pritzker Kicks Off Middle East Trade Mission in Abu Dhabi

With rapidly growing economies and an expanding middle class driving demand for U.S. products and services, countries in the Gulf region are ramping up investments in transportation, renewable energy, and other infrastructure projects. That is why U.S. Secretary of Commerce Penny Pritzker is leading a trade mission to the region this week, her second since being sworn in last June. Along with a delegation of 21 export-ready U.S. companies, Secretary Pritzker started her trip in Abu Dhabi, United Arab Emirates, a country with which the U.S. has a growing trade relationship. As the UAE undertakes major investment in its infrastructure and transportation systems, there are tremendous opportunities for U.S. firms to serve as strong partners. 

On Sunday morning, Secretary Pritzker led the trade mission’s business delegation on visits to two government-established entities that are making investments in infrastructure, in order to help these U.S. companies explore possible export or investment opportunities in the UAE. First they met with Khaldoon Mubarak, the CEO of Mubadala, a development company that is investing in renewable energy, educational facilities, transportation, and logistics. Mubadala has already partnered with a number of U.S. companies, including General Electric, Boeing and Lockheed Martin. The delegation also visited the Abu Dhabi Water and Electricity Authority, which currently serves approximately 40 percent of the UAE’s population and is working to expand its capacity.
 
Secretary Pritzker then delivered remarks to business and government officials at a luncheon hosted by the United States–United Arab Emirates Business Council, the United States Chamber of Commerce, AmCham Abu Dhabi, and the Abu Dhabi Chamber of Commerce & Industry. In her remarks, she highlighted the growing U.S.-UAE bilateral trade relationship, noting that U.S. exports to the UAE have more than doubled since 2009. Secretary Pritzker underscored that the companies on the trade mission are eager to do business in the UAE, and to serve as partners on a number of infrastructure projects the country has undertaken in areas such as renewable energy and transportation.

U.S. Secretary of Commerce Penny Pritzker Begins Trade Mission to Middle East

U.S. Secretary of Commerce Penny Pritzker leaves today for the Middle East for her second trade mission. She will lead 21 U.S. companies on the trade mission, which is focused on export opportunities for U.S. businesses in the infrastructure sector.  This trade mission will mark the first time in 15 years a U.S. Commerce Secretary has taken a trade mission to the Persian Gulf.  The delegation will make three stops over the next week including the United Arab Emirates, the Kingdom of Saudi Arabia, and Qatar.

In addition to export opportunities for U.S. businesses in the infrastructure sector, this trade mission will focus on areas such as project management and engineering (including construction, architecture and design), renewable energy (solar, wind, and waste-to-energy), smart grid and energy efficiency, and environmental technologies (including water/wastewater, air pollution control, and waste management). Each of these areas is critically important to growing and expanding U.S. business opportunities in the region.

Last week, Secretary Pritzker delivered remarks to the U.S.-U.A.E. Business Council, the U.S.-Qatar Business Council, and the U.S.-Saudi Arabian Business Council where she discussed the decades-long security and commercial relationship between the United States and the Middle East and the growing opportunities for expanding business in the region. She stressed the importance of this trade mission as a demonstration of the United States’ commitment to a sustained economic partnership in the Gulf region.

Secretary Pritzker recently returned from her first trade mission to Mexico which provided 17 U.S. companies with opportunities to establish relationships and promote their technologies and services in Mexico’s advanced manufacturing, information and communications technology, health IT and medical device sectors. The mission also allowed Secretary Pritzker to focus on a key pillar of the Department's "Open for Business" agenda, helping U.S. businesses export goods and services and expanding investment opportunities in the U.S.

U.S. Secretary of Commerce Penny Pritzker Announces Fiscal Year 2015 Budget Request

U.S. Secretary of Commerce Penny Pritzker today released the fiscal year 2015 budget request for the U.S. Department of Commerce. The FY15 budget request supports and builds on President Obama’s vision for creating economic opportunity for all Americans, and includes critical funding for key Commerce priorities: promoting trade and investment, spurring innovation, and fueling our data-driven economy. The $8.8 billion FY15 budget request directly aligns with the Department’s “Open for Business Agenda,” which reflects Commerce's role as the voice of business and the Obama Administration’s focus on economic growth and job creation. 

The Commerce Department’s fiscal year 2015 budget reflects the Department's role as the voice of business in the Administration by making critical investments in our long-term growth and competitiveness. The budget prioritizes high-tech manufacturing and innovation, U.S. trade and investment, infrastructure, skills training, unleashing government data and gathering and acting on environmental intelligence, while also cutting red tape to help businesses grow. 

The FY 2015 Department of Commerce budget includes key investments in the following areas:

Promoting Trade and Investment: To promote exports and greater foreign investment in the U.S., the budget includes $497 million for the International Trade Administration (ITA), an eight percent increase over the 2014 enacted level. Funding for ITA includes $15 million to accelerate operations of the Interagency Trade Enforcement Center (ITEC), an interagency effort to address unfair trade practices and barriers to boost U.S. exports, and $20 million to expand SelectUSA, which promotes re-shoring and actively brings job-creating investment to the United States from around the world.

Spurring Innovation: To foster a more innovative U.S. economy, the budget will increase regional and national capacity for innovative manufacturing, be the principal defender and champion of the digital economy, continue to support research and development (R&D) that leads to transformative changes in technology, and promote intellectual property policy that supports innovation. 

Fueling a Data-Driven Economy: Data powers the 21st century economy, and Commerce Department data touches every American and informs business decisions every day.

Gathering and Acting on Environmental Intelligence: The Department’s environment agenda aims to help communities and businesses prepare for and prosper in a changing environment. The budget provides $2 billion to fully fund the National Oceanic and Atmospheric Administration’s (NOAA’s) next generation of weather satellites, which are critical to its ability to provide accurate information to decision-makers throughout the government and private sector, as well as time-sensitive weather forecasts and warnings that help protect lives and property.

Opportunity, Growth, and Security Initiative: The President is also proposing the Opportunity, Growth, and Security Initiative, which will be fully paid for with a balanced package of spending and tax reforms. It will demonstrate how, by simply changing a few tax provisions and reforming spending programs, Congress could achieve significant economic goals in research, education, manufacturing and skills training. The initiative is consistent with the model established in Murray-Ryan, providing equal dollar-for-dollar increases above the current law discretionary spending caps for both defense and non-defense. 

More information can be found at the Commerce Department's press release U.S. Secretary of Commerce Penny Pritzker Announces Fiscal Year 2015 Budget Request. 

Secretary Pritzker Appears on Morning Joe To Discuss Ways the Administration is Working to Grow the Economy and Create Jobs

Secretary of Commerce Penny Pritzker joined Morning Joe to discuss why she’s headed to Massachusetts Institute of Technology to deliver remarks on the impact of big data. Secretary Pritzker also discusses her recent trip to Silicon Valley and job creation.



Secretary Pritzker Concludes “Commerce in the Valley” Tour

Secretary Pritzker Concludes “Commerce in the Valley” Tour

U.S. Commerce Secretary Penny Pritzker concluded her two-day “Commerce in the Valley” tour on Tuesday showcasing the value and vast resources of the Commerce Department to entrepreneurs and business leaders in Northern California.  As the voice of business in the Administration, Pritzker met with innovators, entrepreneurs and leaders within Silicon Valley to discuss the Department of Commerce’s “Open for Business Agenda,” and the three key areas that will keep America competitive and strong: trade and investment, innovation, and data.

Secretary Pritzker made a number of site visits during her tour of Silicon Valley including Facebook, Google, eBay and PayPal showing the Department's strong commitment to spurring U.S. economic growth, through innovation, and competitiveness. On day two of her visit, Secretary Pritzker participated in an Innovation Ecosystem breakfast hosted by Tech for America, where she heard from budding entrepreneurs on the next generation of innovative ideas and discussed the importance of intellectual property (IP) protection and patent reform.

Following the breakfast, Secretary Pritzker traveled to Google where she met with executives and discussed trade and investment and ways the Commerce Department can further help companies export their goods and services abroad. 

Secretary Pritzker concluded her day at eBay and PayPal where she met with three eBay sellers, Chris Ko, Owner, Nationwide Surplus and ER2 Electronic Recycling; Nate Victor, CEO, Sonic Electrolux; and Nick Martin, Founder, The Pro's Closet. She discussed with each of these business leaders what global opportunities and resources we have at the Department of Commerce that can help them increase exports to foreign markets and expand their business footprint.  Secretary Pritzker later joined eBay Inc. CEO John Donahoe in announcing a partnership to promote U.S. exports and trade.  This partnership will advance the Obama Administration’s National Export Initiative, an ambitious plan to sell more American goods and services into foreign markets. 

Mr. Donahoe was appointed by President Obama to the President’s Export Council (PEC) in December 2013.  This partnership comes on the heels of a U.S. Department of Commerce announcement that U.S. exports in 2013 set a new record for the fourth straight year. U.S. exports reached $2.3 trillion in 2013, up nearly $700 billion since 2009.

New Manufacturing Institutes will Spur U.S. Innovation and Competitiveness

Across the country, communities are clamoring to land the next Manufacturing Innovation Institute, new “hubs” supported by the Obama Administration that are spurring the types of advanced technologies that will help grow the U.S. economy. Today, President Obama announced two new National Network for  Manufacturing Innovation (NNMI) institutes, funded by the Department of Defense, which will focus on lightweight modern metals (Detroit) and digital manufacturing and design (Chicago). America’s leadership in cutting-edge technologies like these is exactly what we need to create high-quality jobs and opportunity here at home.

The whole idea behind the NNMI is to create public-private partnerships that bring together manufacturers, academics, and non-profits to bridge the gap between applied research and product development to ensure America remains globally competitive in the most exciting and promising emerging industries. In other words, NNMI institutes will help spur the technological advances needed to help the U.S. economy maintain its competitive edge. Here at Commerce, support for this network of industry-driven commercialization hubs is a key part of our “Open for Business Agenda.” 

Following the 2012 launch of a successful, additive manufacturing-focused NNMI pilot institute in Youngstown, Ohio, President Obama announced competitions in May 2013 to create three new institutes with a federal commitment of $200 million across five federal agencies – Commerce, Defense, Energy, NASA, and the National Science Foundation. With today’s announcement, all three institutes have now been selected. 

But we are not stopping here. The President also announced a new competition today for the next manufacturing innovation institute, which will focus on advanced composites. This is the first of the four additional institutes the President committed to launching this year in his State of the Union address, for a total of eight institutes nationwide.

The President has called for building out the initial network of 15 manufacturing innovation institutes to 45 over the next 10 years, which will require legislation from Congress. Getting this done is one of our top priorities at the Department of Commerce. With the enactment of current bipartisan and bicameral legislation, the “Revitalize American Manufacturing and Innovation Act of 2013,” we can open technology-neutral competitions that respond to much broader industry needs.

A strong manufacturing sector is critical to our intellectual and innovative capacity, and collaborative research between America’s leading manufacturers is essential to keeping our high-tech industries right here in the U.S. To learn more about NNMI and efforts to support advanced manufacturing, please visit:http://manufacturing.gov/nnmi.html.

U.S. Secretary of Commerce Penny Pritzker Visits Silicon Valley to Highlight Administration Support for Innovation Economy

Innovation is the key driver of U.S. economic competitiveness and job creation. That is why it is a key pillar of the Department of Commerce’s innovation agenda. On Monday, U.S. Secretary of Commerce Penny Pritzker made her first trip as Secretary to Silicon Valley to advance the Obama Administration’s efforts to encourage innovation.

Secretary Pritzker made her first stop in Sunnyvale at the Plug and Play Tech Center, a business accelerator for tech startups. After touring Plug and Play, Secretary Pritzker delivered remarks at an event hosted by the Churchill Club, highlighting the Administration’s commitment to spurring U.S. economic growth, innovation, and competitiveness. She described the Commerce Department’s work to invest in digital infrastructure, strengthen intellectual property protections, and support advanced manufacturing, among other initiatives.

Secretary Pritzker also announced two new Commerce efforts to unleash more federal data for entrepreneurs and businesses, which are being spearheaded by the Department’s National Oceanic and Atmospheric Administration (NOAA) and the Census Bureau. NOAA has released a Request for Information to explore the feasibility of a public-private partnership to release more of the 20 terabytes of environmental and weather data that the agency collects each day. And the Census Explorer, an interactive map of demographics, is adding new tech workforce and payroll data, which will allow employers to see where the workers they need are living.

Noting the significant progress that the Administration has made to support science and technology, she even detailed how President Obama has done more for innovation than any other American President. “Simply put, I believe that President Obama has done more for innovation than any other President in history.”

Commerce Department Supports Efforts to Ensure American Workers Have the Necessary Skills for the In-Demand Jobs of Today and Tomorrow

As part of a government collaboration to prepare and place workers facing long-term unemployment into good jobs in high-demand industries, the Department of Labor announced yesterday the availability of approximately $150 million in grants as part of the “Ready to Work Partnership.”  Three weeks ago, President Obama signed a federal employer commitment and issued a Presidential Memorandum to address the issue of long-term unemployment and ensure that those who have been out of work for long periods of time are given a fair shot. The memorandum underscored the need for American workers to have the resources and training needed to acquire in-demand job skills.

The Commerce Department is playing a key role in this effort by partnering with businesses, as well as other federal agencies, to facilitate industry-driven workforce training programs. A strong and skilled workforce is a fundamental part of a competitive U.S. economy, driving economic growth and attracting foreign direct investment. That is why Secretary Pritzker has made workforce skills a top priority of the Commerce Department and is a key pillar of the “Open for Business Agenda.” In fact, she is the first Commerce Secretary to focus on skills training.

Before becoming Secretary of Commerce, Pritzker helped launch Skills for America’s Future, a national employer-led initiative to prepare workers for 21st century jobs, and Skills for Chicagoland’s Future, a local intermediary in Chicago focused on the long-term unemployed. These two public-private partnerships align employer needs with training to prepare workers for positions that are available and set them on a real career path.

At an event hosted by the White House on January 31, Secretary Pritzker co-led a panel with CEOs who signed the White House pledge to support the long-term unemployed. She emphasized the value of employer-led partnerships to better inform demand-driven training efforts and ensure that workers have the training they need to be competitive in the global marketplace. The strength of the American workforce drives our economic recovery, so it is critical that the federal government take a leading role in investing in workforce training efforts. For these efforts to be successful, government must collaborate with stakeholders from the business community, educational and training institutions, labor unions, and state and local governments to make sure our training programs are more job-driven, integrated and effective.

Encouraging Innovation, Not Litigation

Secretary Pritzker at the White House promoting the Administration's Patent Action

Importance of Patent Reform

America’s entrepreneurs, businesses, and workers are the primary source of new ideas that drive innovation. Patents, trademarks and copyrights–the main protections in our intellectual property (IP) system–are critical tools that help commercialize innovative, game-changing ideas, from advances in healthcare technology to improved consumer products. By creating a better environment for America’s private sector to capitalize on those ideas, IP protections help foster the innovation and creativity that leads to a stronger economy and more jobs.

In 2012, economists at the U.S. Department of Commerce studied industries that use patent, copyright or trademark protections most extensively, and found that these “IP-intensive industries” account for over one-third of our nation’s GDP, more than 60 percent of our exports, and nearly 28 percent of jobs. Clearly, IP protection is a pillar of the United States economy.

Department of Commerce’s Commitment

The Commerce Department is playing a major role in ensuring that the United States remains the world’s strongest ideas-driven economy with a 21st century patent system. A core part of the Commerce Department’s mission is to help American businesses build things here and sell them everywhere around the globe. That is why U.S. Commerce Secretary Penny Pritzker made innovation a main pillar of the “Open for Business Agenda” that she launched in November to continue to serve entrepreneurs and businesses that drive innovation. 

Van Nuys-Based Louroe Electronics Travels with U.S. Secretary of Commerce to Mexico for First Trade Mission

Richard Brent, CEO of Louroe Electronics

Guest blog post by Richard Brent, CEO of Louroe Electronics

I remember getting the call from U.S. Department of Commerce extending an invite to my company, Louroe Electronics, to accompany Commerce Secretary Penny Pritzker on her first-ever trade mission to Mexico. I was truly humbled and enthusiastic about this unique opportunity.

I’ve served as the CEO of Van Nuys-based Louroe Electronics, the world leader in audio monitoring technology, for more than 5 years now and was thrilled to receive the call. I was beyond excited to learn that Louroe was handpicked by the Department of Commerce - the only Southern California and sole security company- along with 16 other export-ready companies, to be a part of The Secretary’s historic trade mission. The mission specifically focused on promoting U.S. exports in key industry sectors including advanced manufacturing, information and communications technology, and security products.

From February 3-7, I personally traveled with Secretary Pritzker to Mexico City and Monterrey alongside other leading companies including: IBM Corporation, Motorola Solutions, Inc., Oracle Corporation, LexisNexis Risk Solutions, and Deloitte Consulting LLP.  Our mutual goal was to promote U.S exports. This trade mission helped facilitate introductions to key government and private sector decision makers in Mexico who shared with us key initiatives and how US companies can assist with development and growth.

As a result of my participation in the trade mission, I was able to successfully identify five new pilot projects for Louroe that will focus on improving public safety throughout Mexico City and Monterrey. This is great news not only for Louroe but also for the Los Angeles economy as the pilot programs will require us to increase our current staffing by approximately 10 percent, ultimately creating more jobs.