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Blog Category: Secretary of Commerce Penny Pritzker

Secretary Pritzker Delivers Remarks on America’s Economic Future in the Asia-Pacific

In her remarks, Secretary Pritzker discussed the United States’ commitment to strengthening commercial and economic ties throughout the Asia-Pacific, which is a critical dimension of the president’s rebalance toward this fast-growing region. The Asia-Pacific region presents rapidly growing opportunities for American businesses and workers. The region accounts for nearly 60 percent of world GDP and 40 percent of global trade. Secretary Pritzker highlighted the United States’ leadership role in efforts such as the Trans Pacific Partnership, and she also emphasized the growing U.S. ties with both longstanding and emerging trade partners.

Read a summary of her remarks and audience tweets below.

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.


U.S. Secretary of Commerce Penny Pritzker to Receive Harry S. Truman Award

There are 3.9 million unfilled jobs in the United States and many of these jobs, in fields such as healthcare, manufacturing, and engineering, require post-secondary training, and some unemployed workers find that their skills are incompatible with the requirements needed for these new high-tech jobs. In order to help more Americans get back to work, it is essential to align workers’ skills with the needs of industry employers.

For the first time ever, the Commerce Department is making skills a top priority and is working closely with the Labor and Education Departments to ensure that every American has the skills needed to compete in today’s economy. That means more on-the-job training and more apprenticeships that help train American workers with the skills employers need, and match them to good quality jobs that lead to a career path.  

Community colleges and technical colleges are a major part of the solution. Every day, these institutions provide 13 million students across the country with the education they need to be competitive in today’s economy. These two-year institutions continue to improve the quality and relevance of the education that their students receive. Last week, Secretary Pritzker explored the partnership between BMW and three of South Carolina’s local technical colleges. Through the BMW Scholars Program, students have the opportunity to rotate through the body shops, paint shops, and assembly lines, gaining hands-on experience in the field. These college-business apprenticeships are just one example of new ways to better place students on direct paths to good jobs while providing strong candidates to businesses.

The rules of the job market are changing: firms are requiring candidates to have stronger skills sets to remain competitive, and community colleges are helping provide the skills these candidates need. Groups like the American Association of Community Colleges provide a voice for these community colleges, and the U.S. Department of Commerce will continue to partner with them, businesses, government and other regional and national institutions to ensure that America can continue to compete in a 21st century global economy.

In honor of her work to improve and expand workforce skills training, U.S. Secretary of Commerce Penny Pritzker will be presented with the Harry S. Truman Award by the American Association of Community Colleges on Saturday, April 4. The Truman Award recognizes leaders outside of the field of education for their major contributions to community colleges. Past honorees have included President Obama, President Clinton, and Senator Kennedy. Secretary Pritzker will be receiving the award for her previous work in education and training and her current advocacy for skill development as an administration-wide priority.

U.S. Secretary of Commerce Penny Pritzker Touts Importance of Workforce Development at Clemson University's International Center for Automotive Research

U.S. Secretary of Commerce Penny Pritzker Touts Importance of Workforce Development at Clemson University's International Center for Automotive Research

U.S. Secretary of Commerce Penny Pritzker today toured the Clemson University International Center for Automotive Research (CU-ICAR), a campus where academia, the private sector, and government organizations are working together to research and develop leading-edge technologies, and educate and train students for jobs in the automotive industry.

Ensuring that America has a strong and skilled workforce is essential to our economic competitiveness, and that is why Secretary Pritzker has made workforce development a key pillar of the Commerce Department’s “Open for Business Agenda.”  In fact, she is the first Commerce Secretary to focus on how we can best prepare workers with in-demand job skills. The Commerce Department is playing a key role in this effort by partnering with businesses and other federal agencies to facilitate industry-driven training programs.

CU-ICAR is one example of an educational institution working directly with the private sector to conduct research and training that meets the needs of industry. Since collaboration between academia, the private sector and government started in 2003, CU-ICAR has grown into a 250-acre campus educating students and conducting research that is relevant to the global automotive community. CU-ICAR is studying advanced and highly efficient engine concepts that utilize a variety of fuels, developing technologies that increase vehicle electrification and efficiency, developing and utilizing advanced materials and processes that can reduce vehicle weight and decrease manufacturing costs. CU-ICAR is also working on identifying opportunities and technologies to reduce energy consumption in factories, and addressing issues of safety by designing improved human-machine interfaces and vehicle-to-vehicle communications.

U.S. Secretary of Commerce Penny Pritzker Celebrates BMW’s Investment in U.S. Manufacturing

Secretary Pritzker Speaks with Workers While Touring the BMW Facilities in Spartanburg, South Carolina

Foreign direct investment (FDI) fuels U.S. economic growth and creates good, high-paying jobs, which is why the Commerce Department is so focused on attracting more FDI to the United States. At an event today at the BMW manufacturing facility in Spartanburg, South Carolina, U.S. Secretary of Commerce Penny Pritzker applauded the German automaker for announcing an investment of approximately $1 billion in a new X7 production line at the plant.

BMW’s announcement, which is expected to create 800 new jobs by 2016, builds upon the company’s substantial commitment to production in the United States. BMW has made investments of $6.3 billion since coming to South Carolina in 1992. In 2012, the company announced that it would be expanding its Spartanburg facility to make it the largest plant in the BMW Group production network, a move that is expected to bring 1,000 new jobs to South Carolina by the end of 2014.

Secretary Pritzker delivered remarks at the announcement, focusing on the importance of FDI to the U.S. economy and job creation. The United States is both the largest recipient and source of FDI in the world. As of 2011, the most recent data available, majority-owned subsidiaries of multinational firms with U.S. operations employ more than 5.6 million workers and pay an average annual compensation of $77,600. These firms also spent more than $45 billion in R&D in the United States and accounted for 20.5 percent of U.S. goods exported in 2011. Through the SelectUSA program, which Secretary Pritzker described in her remarks, the Department of Commerce is working to attract increased investment to the United States.

Clemson University’s Public-Private Partnerships Help Create Next-Generation Workforce

Secretary Pritzker and John Ballato, Clemson University vice president for economic development, toured the Clemson University-International Center for Automotive Research (CU-ICAR)

Guest blog post by Dr. John Ballato, Clemson University vice president for economic development, and Kris Frady, director of operations for the Clemson University Center for Workforce Development
 
We had the privilege today of showing U.S. Secretary of Commerce Penny Pritzker the cutting-edge research and education that are helping South Carolina play a leading role in the nation’s economic revival.
 
She toured the Clemson University-International Center for Automotive Research (CU-ICAR) and then participated in a roundtable discussion with education and business leaders about how to develop a well-qualified workforce.
 
Her visit put a spotlight on the public-private partnerships that are helping create the next generation of engineers, scientists and technicians that America needs to remain competitive.
 
CU-ICAR in Greenville, S.C. is one of four Clemson University innovation campuses placed strategically across the state where businesses and communities need them most. It is an excellent example of what higher education, government and industry can accomplish when they work synergistically for the common good. It creates win-win partnerships.

Commerce Secretary Penny Pritzker Supports IP Protection at Commemoration of 700,000th Design Patent

Commerce Secretary Penny Pritzker and a student at the Langdon Education Campus explore a LeapFrog handheld device, the 700,000th design patent awarded by the United States Patent and Trademark Office

Intellectual property protections are essential to helping unlock American innovation. Patents and trademarks give entrepreneurs the confidence and security they need to invest in new R&D, new businesses, and new employees. That confidence and security translates into $5 trillion of economic output at year -- a 2012 Commerce Department study found that industries that rely most heavily on IP protections support 40 million U.S. jobs and more than one-third of GDP. In order to help create the conditions for economic growth, the Commerce Department is making the country’s IP laws work even better.  

As part of these efforts, U.S. Secretary of Commerce Penny Pritzker joined USPTO Deputy Director Michelle Lee and Commissioner for Patents Peggy Focarino today for a ceremony commemorating the 700,000th design patent. The patent was assigned to LeapFrog Enterprises, Inc. for the design of “Leapster Explorer,” a hand-held learning and play device for 4-to-9-year-olds, featuring a touch screen and 3D graphics.  At the ceremony, which took place at the Langdon Education Campus in Washington, DC, Secretary Pritzker and Deputy Director Lee presented the patent to Leapfrog Senior Vice President and General Counsel Robert Lattuga. 

Every day, USPTO is awarding more utility and design patents to entrepreneurs and businesses to help them grow, innovate, and compete. Last year alone, USPTO issued 22,000 applications for design patents, an 8 percent increase over the previous year.  A design consists of the visual, ornamental characteristics embodied in or applied to an article of manufacture. Applications in this area cover designs of computer equipment, cell phones and other handheld electronic devices, such as the Leapfrog Design Patent Number 700,000. 

The Obama Administration has been a strong supporter of efforts to make the patent system works more efficiently. President Obama recently announced a number of new executive actions to increase transparency in patent ownership, provide more training to patent examiners, and help inventors and small business owners who unexpectedly find themselves facing patent litigation. 

At today’s ceremony, USPTO also announced a new Intellectual Property patch for Girl Scouts in the National Capital Region (GSCNC). The new patch was developed as a joint project between the GSCNC and the USPTO, in collaboration with the Intellectual Property Owners Education Foundation (IPO). The patch is designed to support curriculum and activities that increase understanding of IP, especially as it relates to the fields of science, technology, engineering and math (STEM).

U.S. Secretary of Commerce Penny Pritzker Wraps Up Successful Trade Mission with Visit to Qatar

U.S. Secretary of Commerce Penny Pritzker and Business Delegation Wraps Up Successful Trade Mission with Visit to Qatar

U.S. Secretary of Commerce Penny Pritzker wrapped up her Middle East trade mission in Qatar, where there are many opportunities for U.S. businesses due to the country’s growing economy as well as investments in infrastructure and transportation. As part of the National Vision 2030, Qatar’s broad strategy for growth and development, the country is focused on making meaningful advances in education, sustainability, and economic diversification. Qatar is currently preparing to host the 2022 FIFA World Cup, and is therefore undertaking numerous new construction projects, renovations and upgrades to prepare for the games and the influx of visitors they will bring. With more than $150 billion in infrastructure investments needed before 2022, U.S. companies are well-positioned to help Qatar meet its development goals. 

Twenty-one such companies are accompanying Secretary Pritzker on her trade mission to the Middle East, and they have been meeting with Qatari leaders to explore business opportunities. On Thursday, Secretary Pritzker and the business delegation met with His Excellency Eng. Essa Bin Hilal Al-Kuwari, President of the General Water and Electricity Corporation (Kahramaa). They discussed how U.S. companies can get more involved in future Kahramaa water, power, and smart grid projects. They also met with Nasser Al Mawlawi, President of the Public Works Authority (Ashghal), which is leading publically-funded road projects in advance of the 2022 World Cup. Ashgal has already selected several U.S. engineering and construction firms, including AECOM Technology Corporation, a member of the trade mission’s business delegation, to lead major projects. 

Secretary Pritzker also met with Hassan Al Thawadi, Secretary General of the Supreme Committee for Delivery and Legacy, who is in charge of preparations for the World Cup. Secretary Pritzker congratulated Al Thawadi on the successful bid to host the World Cup and highlighted the close collaboration between U.S. and Qatari companies on major infrastructure projects related to the event. 

Attracting Qatari investment to the U.S. was also a big focus of the visit. On Thursday, Secretary Pritzker met with Ahmed Al Sayed, CEO of the Qatar Investment Authority (QIA), founded by the Qatari government to diversify the country’s economy. She talked about the United States as an investment destination and highlighted SelectUSA, a Commerce-led federal initiative to promote business investment, as a resource for Qatar as the country seeks to expand its investment portfolio. 

Secretary Pritzker reached out to government leaders on her visit as well, notably His Highness Sheikh Tamim Bin Hamad Al Thani, Emir of Qatar, as well as Sheikh Abdullah bin Nasser Al Thani, Prime Minister and Minister of Interior. She emphasized the strong bilateral relationship between the U.S. and Qatar and the Commerce Department’s commitment to enhance our commercial relationship. 

Also on Thursday, Secretary Pritzker participated in an armchair discussion hosted by AmCham Doha and the National U.S.-Arab Chamber of Commerce (NUSACC). During the discussion, Secretary Pritzker expressed the Commerce Department’s strong support for U.S. companies working to help Qatar reach its development goals. 

This week’s trade mission has been a successful effort to connect U.S. businesses with export opportunities in the United Arab Emirates, the Kingdom of Saudi Arabia, and Qatar. It demonstrates the United States’ commitment to a sustained economic partnership in the Gulf region.

Secretary Penny Pritzker Meets with Saudi Entrepreneurs About Challenges and Opportunities in the Region

On Tuesday night, Commerce Secretary Penny Pritzker met with a dozen Saudi entrepreneurs in Riyadh, Saudi Arabia, as part of her trade mission to the Middle East. The entrepreneurs work in a variety of sectors, including retail, real estate, food services, and more.

Secretary Pritzker briefly discussed her experiences as an entrepreneur with more than 27 years in business. Then, the male and female participants shared their own stories of entrepreneurship, and discussed challenges and opportunities for entrepreneurs in the region.

The attendees ranged from: a hamburger chain owner who built his first restaurant in 2009 with four employees and now has 17 franchises and 130 employees across the country; an entrepreneur who created a new real-estate-development division at his family’s business; and, a serial entrepreneur who launched an electronic recycling facility, an investment company, and a design school.

The group discussed the importance of education and skills training for entrepreneurs. Secretary Pritzker highlighted the success of the King Abdullah Scholarship Program, which sends tens of thousands of students to study at U.S. universities each year.

U.S. Secretary of Commerce Penny Pritzker Tours Solar Park in Dubai

Secretary Pritzker speaks to the Dubai Chamber of Commerce

On Monday in Dubai, U.S. Secretary of Commerce Penny Pritzker toured the Mohammed bin Rashid Solar Park by helicopter, getting a firsthand look at how cooperation between the U.S. and Dubai can lead to tremendous opportunities for businesses in both countries.

The solar park was built by First Solar, a company based in Tempe, Arizona that is currently accompanying Secretary Pritzker as part of her trade mission to the Middle East. Completed in October of 2013, the solar park is a 13 megawatt power plant and the largest solar facility of its kind in the Middle East.This solar park proves U.S. businesses can serve as strong business partners to the Gulf region as UAE invests in its infrastructure and transportation systems.

After the tour, Secretary Pritzker and the business delegation met with Dubai Electricity and Water Authority  (DEWA) project specialists and DEWA CEO Al Tayer to further discuss DEWA’s investments in water, electricity and renewable energy projects, all of which offer additional opportunities for American companies to serve as partners.

In addition to her tour of the solar park, Secretary Pritzker held several meetings on Monday to support U.S. companies as they explore business opportunities in Dubai’s infrastructure expansion. She met with Dubai Chamber of Commerce and Industry (DCCI) officials and World Expo 2020 committee members to congratulate Dubai on winning the World Expo 2020 bid and to offer the Commerce Department’s support in preparation for the Expo. Held every five years, the World Expo attracts millions of visitors to the six-month long exhibition of trade, innovation and products from around the world. Dubai Expo 2020 will focus on sustainability, mobility, and opportunity, and will be a platform for connectivity to help pioneer new partnerships for growth and sustainability for the future.