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Blog Category: Open for Business Agenda

Promoting Opportunity for All Americans Through Mentoring

Last week, U.S. Commerce Secretary Penny Pritzker participated in a Cabinet discussion with President Obama on My Brother’s Keeper – an initiative designed to address persistent opportunity gaps faced by boys and young men of color and ensure that all young people can reach their full potential. The President’s My Brother’s Keeper Task Force also released their first progress report with initial recommendations to the President, as well as a blueprint for action by government, business, non-profit and community partners. 

Since its launch in February 2014, the President’s Task Force has met with and heard from thousands of Americans who are already taking action on this front. Further, businesses, cities, organizations and individuals have made commitments to helping youth get a strong start in school and later connect them to support networks and specialized skills they need to find a good job or go to college and work their way up into the middle class.
 
In developing its recommendations, the Task Force identified key milestones in the path to adulthood that are especially predictive of later success, and where interventions can have the greatest impact. These recommendations included:
 
·         Getting a health start and entering school ready to learn;
·         Reading at grade level by third grade;
·         Graduating from high school ready for college and career; 
·         Completing post-secondary education or training;
·         Successfully entering the workforce; and
·         Keeping kids on track and giving them second chances.
 
Specific report recommendations also include launching a public-private campaign to recruit mentors for youth and improve the quality of mentoring programs, and to increase awareness about youth summer employment and use of pre-apprenticeships as good entry-level jobs.  

EDA Investment Supports Business and Workforce Development in Southern New Hampshire

EDA Investment Support Business and Workforce Development in Southern New Hampshire

Guest blog post by Matt S. Erskine, Deputy Assistant Secretary for Economic Development 

Today I was honored to join Senators Jeanne Shaheen and Kelly Ayotte, Representative Carol Shea-Porter, and a host of local economic and business leaders to celebrate the opening of a new business development and job training facility that will serve 41 towns and cities in Southern New Hampshire. 

The Regional Economic Development Center of Southern New Hampshire’s new business and job training center is a unique facility. Both business management and workforce training will be delivered in an efficient learning environment. Resources will be provided for entrepreneurs and small businesses to conduct research and receive technical assistance, and space will be available for start-up enterprises to conduct limited business in a professional environment. 

Supporting job-creating entrepreneurs and ensuring that America has a strong and skilled workforce is essential to our economic competitiveness. 

That is why Secretary Pritzker - a business leader with more than 25 years of experience - has made innovation a key pillar of the Commerce Department’s “Open for Business Agenda.” 

Secretary Pritzker is the first U.S. Secretary of Commerce to focus on how we can best prepare workers with in-demand job skills as part of efforts to continue innovating and remain globally competitive. 

The Commerce Department plays a key role in partnering with businesses to facilitate industry-driven training programs. 

Investing in Data, Investing in America

Dr. Mark E. Doms

Cross-post by Mark Doms, Under Secretary for Economic Affairs

The Department of Commerce’s mantra is that America is “Open for Business.”  As President Obama highlighted at Tuesday’s Investing in America roundtable, this has never been more true.  Today, U.S. and foreign businesses appreciate the competitive advantages that come from locating operations here. The U.S. provides the total package: a skilled, world-class workforce; global leadership in innovation and invention; access to our growing domestic market; rich infrastructure easy access to export markets. The list goes on. (Check out the Assess Costs Everywhere tool to get a more complete list and discussion of the advantages of setting up shop in the U.S.) 

Business leaders from across the spectrum and across the world are making new investments here. Individually their stories are compelling, and they are echoed in data from our Bureau of Economic Analysis and captured in a joint report issued by the Department of Commerce and the White House. For example, business fixed investment from companies choosing to grow and invest in the United States accounts for more than 20 percent of the rebound in real GDP since mid-2009, and global investors have played a large part.  Since 2006, the United States has been the world’s largest recipient of foreign direct investment (FDI). And FDI inflows have swelled, totaling $1.5 trillion between 2006 and 2012. For 2013 alone, FDI inflows totaled $193 billion up from $166 billion in 2012. 

These investments are good for our economy, for investors, and for workers (such as the 5.6 million who work for U.S. affiliates of foreign firms and have average annual compensation of $77,000). We know this because the evidence is clear in the data. And while it is important to focus on the value of the inward investment and the jobs and growth that brings to our economy, it is also important to take a look at the data that tells us this, as well as the data which informs businesses when they decide to select the USA.

Secretary Pritzker Tours Entrepreneur School of Technology and Meets Ghanaian Entrepreneurs

Secretary Pritkzer Tours Entrepreneur School of Technology and Meets Ghanaian Entrepreneurs

After meeting with Ghanaian Minister of Trade and Industry Haruna Iddrisu and Minister of Finance Seth Terkper, U.S. Secretary of Commerce Penny Pritzker stopped by the Meltwater Entrepreneur School of Technology (MEST) to tour its facilities, interact with several of the resident start-ups, and gain more insight into the Ghanaian entrepreneurial culture. 

Established in 2009 and based in Ghana's capital city of Accra, MEST and its Incubator program provide training, investment and mentoring for aspiring technology entrepreneurs. Its goal is to create globally successful companies that spur prosperity and jobs locally in Africa. MEST offers aspiring African entrepreneurs a fully-sponsored, two year intensive program to learn the skills necessary to build successful tech businesses, including computer programming, software development, product management, finance, marketing, sales and leadership best practices. 
 
The Department of Commerce supports entrepreneurship through its "Open for Business Agenda," a set of strategic priorities focused on data, innovation, and trade and investment. As the primary voice of business in the Administration, the Department produces policies and initiatives that help in the establishment and success of new start-ups as well as the growth and competitiveness of existing businesses.
 
In April, President Obama and Secretary Pritzker announced the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative. PAGE - which is chaired by Secretary Pritzker -  is comprised of 11 well-known, successful American business leaders who have committed to sharing their time, energy, ideas, and experience to help develop the next generation of entrepreneurs both at home and abroad.

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.

The Commerce Department’s Strategic Plan: The Value of Government Data

The Average Daily Cost, Per Person, of the Principal Statistical Agencies is Three Cents

Guest blog post by Mark Doms, Under Secretary for Economic Affairs

Last week, Commerce Secretary Penny Pritzker unveiled the Department’s America is Open for Business:  Strategic Plan, Fiscal Years 2014-2018.  One of the plan’s five priority areas is a redefinition of how we manage, optimize and enable public access to our treasure trove of data.  The Commerce Department is fortunate to have numerous agencies that provide data that are critical to the information economy, such as:

  • The U.S. Census Bureau and Bureau of Economic Analysis (BEA) demographic and economic statistics;
  • National Oceanic and Atmospheric Administration (NOAA) weather, ocean and climate information; 
  • National Institute of Standards and Technology (NIST) scientific data;
  • National Technical Information Service (NTIS) information; and
  • U.S. Patent and Trademark Office (USPTO) patent databases. 

Specifically, the plan pledges to “improve government, business, and community decisions and knowledge by transforming Department data capabilities and supporting a data-enabled economy.”  Success has three dimensions.  First, everyone in our country should have easy access to reliable information about their communities, about their climate, and about how these are changing.  Second, every business should have easy access to reliable information on their market, potential markets, scientific information, and changing economic conditions.  Further, new data-based businesses should be able to easily pull our data, combine it with other information, and make new products to compete in the private marketplace.  Third, and finally, every government should have easy access to the information they need to better serve their communities and to assess the efficacy of their programs.  More simply put, success is making our data accessible in ways that make our businesses more competitive, our governments smarter, and our citizens more informed.

How will that be achieved?  The first component is to transform DOC’s data capacity to make our data more accessible and usable.  The second component of the data strategic plan is for us to use data to make government smarter.  The third objective of our plan is to develop better collaboration and feedback loops with the private sector; to create timely, relevant, and accessible products and services.  Many specific initiatives are well underway.  For example, NOAA already is seeking private-sector input on new public-private partnership models to make more weather and climate data available.  NIST is spearheading the development of Big Data standards. <--break->

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 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.

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.