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Blog Category: Office of the Secretary

Accelerating Advanced Manufacturing in America

Cross-Posted from The White House

Blog by Secretary of Commerce Penny Pritzker and Director of the National Economic Council and Assistant to the President for Economic Policy Jeff Zients 

On Monday, we had the privilege of participating alongside the President in a meeting with his American Manufacturing Partnership (AMP) Steering Committee.

AMP -- led by its co-chairs, Dow’s Andrew Liveris and MIT’s Rafael Reif -- presented its final report with a set of new recommendations, and we discussed additional policy steps we’re taking to respond to them.

The President created AMP -- a working group of 19 leaders in industry, academia, and labor -- in June 2011 as part of his continuing effort to maintain the competitive edge on emerging technologies and invest in the future of our manufacturing sector. We’ve come a long way since then, and the policies fueled by AMP’s recommendations have been a big contributor to that progress.

When the President first launched AMP, unemployment was at 9.1 percent. We were just starting to see some fragile signs of life in the manufacturing sector after more than a decade of erosion. But not many shared our view that together we could build a foundation to revitalize American manufacturing or that manufacturing could continue to play a central role in our economy and our ability to innovate.

Contrast that picture to today. Growth has steadily strengthened and recently accelerated, with GDP rising 2.6 percent over the past year, faster than the 2.0 percent annualized pace of the preceding two years. Job growth is accelerating too. Unemployment is now down to 5.9 percent, falling 1.3 percentage points in the last year.

Our manufacturing sector is getting stronger too. After more than a decade of job losses, we’ve added more than 700,000 manufacturing jobs over nearly five straight years of job growth. Those jobs lead to others along the supply chain and in local communities. U.S. manufacturing is now growing at nearly twice the rate of the economy, the longest sustained period of outpacing the overall economy since the 1960s.

Last year, for the first time since 2001, the U.S. was ranked first in a survey of business leaders as a destination for investment, a ranking we repeated this year. In another recent study, 54 percent of American manufacturers with operations overseas reported they are considering bringing manufacturing back to the United States. 

And AMP has been central in getting us here.

Countdown to the Global Entrepreneurship Summit

Presidential Ambassadors for Global Entrepreneurship Graphic

President Obama believes "Entrepreneurs embody the promise of America: the idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs."

With that in mind, the President announced in 2009 the creation of the Global Entrepreneurship Summit (GES), a platform intended to facilitate the exchange of views and ideas between global business leaders and entrepreneurs and strengthen alliances among them. Previous summits have been hosted by the United States, Turkey, the United Arab Emirates, and Malaysia.

At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE), making her the Administration's point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

Six months later, the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad.

To celebrate six months of the PAGE initiative, we are launching a video blog series, featuring our very own PAGE members who will share with you why entrepreneurship is important and why it is integral that the public and private sectors work together to make our economy stronger and more innovative.

Please visit http://beta.commerce.gov/PAGE to learn more about PAGE and the ambassadors who are committed to sharing their time, energy, ideas, and experience to help develop the next generation of entrepreneurs in the United States and around the world.

Among many events, here is a sample of what PAGE members have been doing to create an environment where creativity, innovation, and entrepreneurship can grow and thrive.

Secretary Pritzker and Three PAGE Ambassadors to Attend Global Entrepreneurship Summit in Marrakech, Morocco

Secretary Pritzker and the Presidential Ambassadors for Global Entrepreneurship meet with President Obama in the White House's Roosevelt Room.

U.S. Secretary of Commerce Penny Pritzker will attend the Global Entrepreneurship Summit (GES), which will take place November 19-21 in Marrakech, Morocco to demonstrate the U.S. government’s continued commitment to fostering entrepreneurship around the world. On November 19, her activities will focus specifically on Women’s Entrepreneurship Day. This year’s summit marks the fifth annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials.

Entrepreneurship is key to unlocking economic growth and creating jobs, and the U.S. government leads numerous programs and initiatives to improve enabling environments and to make tools and networks available to individual entrepreneurs. At last year’s GES in Malaysia, President Obama asked Secretary Pritzker to chair the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, and she was happy to assume her role as the Administration’s point person on entrepreneurship. In April, Secretary Pritzker chaired the first PAGE meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

Six months later, Secretary Pritzker has arranged PAGE-related events on four continents since the program’s launch, and the PAGE initiative continues to gain momentum, with PAGE members actively engaged in promoting innovation here at home and abroad. The following PAGE members will join Secretary Pritzker in Morocco to serve as entrepreneurship ambassadors and to share their knowledge and experience to help develop the next generation of entrepreneurs around the world:

Secretary Pritzker Meets with Korean CEOs to Discuss Importance of Entrepreneurship

As part of her efforts to strengthen commercial ties between the United States and the Asia-Pacific region, Secretary Pritzker met with Korean entrepreneurs in Seoul to discuss the importance of supporting policies in the U.S. and Korea that encourage innovation. 

Both countries view entrepreneurship as a powerful tool to combat unemployment and capitalize on positive economic trends, and Korean President Park Geun-hye​ has made promoting the creative economy a top priority for the country.  The United States can support Korea’s vision of generating new employment opportunities through an innovation-driven economy with the Presidential Ambassadors for Global Entrepreneurs (PAGE) Program. PAGE was launched in April when Secretary Pritzker chaired the first meeting, bringing together a group of America’s most inspiring innovators to serve as ambassadors for global entrepreneurship.

One way PAGE could support Korea's entrepreneurial class is through mentorship sessions between PAGE members and Korean businesses. With diverse backgrounds, the ambassadors will energize their own personal and professional networks to challenge and inspire budding entrepreneurs and raise awareness of the many resources available to them.

Secretary Pritzker also learned more about the existing challenges and future opportunities for Korean businesses. By familiarizing herself with South Korea’s investment climate and ecosystem, she can engage more U.S. firms in partnerships and mentorship with Korean businesses. She also gave insightful suggestions regarding entrepreneurship from her own experience.

The business leaders present at the meeting included CEOs and representatives from ChattingCat, Reverth, Chinchin, Estmob, Soundl.ly, Google Korea, Modu Company, Bravepops, SparkLabs, Softbank Ventures Korea, Flitto, and Korbit.

Secretary Pritzker is determined to strengthen the bilateral relationship, and she and President Park agree that both countries will thrive economically by fostering more entrepreneurship. The United States has been at the forefront of innovation in businesses, and with PAGE’s guidance and international partnerships, entrepreneurs will become more encouraged to start their own businesses and leave a legacy of their own.

U.S. Secretary of Commerce Penny Pritzker Leads Business Development Mission to Japan and South Korea

Home to nearly 60 percent of the world’s GDP and the fastest growing economies, the Asia-Pacific region offers a wide array of opportunities for United States businesses and workers. To further improve the U.S. economy, the Obama Administration recognizes the critical importance of strengthening its well-established trading partnerships in the region, particularly with Japan and South Korea.

With the fourth and thirteenth highest GDP respectively, Japan and South Korea are highly developed, stable markets for trade and investment. The healthcare sector in both countries is expanding quickly to meet rising demand. In Japan, there is a rapidly-aging demographic profile, with a population aged above 65 years, which will increase from 25.1 percent in 2013 to 29.2 percent by 2023. In addition, South Korea is emerging as a hub for global medical tourism by attracting and training world-renowned doctors and developing more advanced clinical trials.

To take advantage of these growing market opportunities, U.S. Secretary of Commerce Penny Pritzker will leave tomorrow for Asia to lead 20 American firms on a Business Development Mission with stops in Japan and South Korea. The business delegation includes small and big companies, such as C3 Energy, HPI, and Oregon. The mission will focus on expanding opportunities for U.S. businesses in the healthcare and energy sectors and will also look for ways to help the region develop and manage energy resources and systems, and build out power generation, transmission, and distribution.  

As the voice of business in the Administration, the U.S. Department of Commerce, plays a pivotal role in expanding market access for U.S. companies in countries around the world. Specifically on this mission, Secretary Pritzker and American businesses will meet with Japanese and South Korean business leaders in the medical device, biotechnology, regenerative medicine, energy and health IT sectors to explore opportunities for partnership and investment.

The Commerce Department is committed to creating more opportunities for American businesses to flourish both at home and abroad. During the mission, Secretary Pritzker will also focus on reinforcing trade agreements that reflect our values, such as the Trans-Pacific Partnership (TPP) and U.S.-Korea Free Trade Agreement (KORUS), that will help U.S. firms gain greater access to the Japan and South Korea markets.

This will be Secretary Pritzker’s first trade mission to Asia since taking office in June 2013 and will promote U.S. exports to Japan and South Korea by helping American companies launch or increase their business in these key markets.  The mission will make stops in Tokyo, Japan and Seoul, South Korea.

Secretary Pritzker Meets With Gaming Industry CEOs in Silicon Valley

Secretary Pritzker visiting Silicon Valley and the Gaming Industry

On Monday, U.S Secretary of Commerce Penny Pritzker met with various gaming industry CEOs at Electronic Arts in Silicon Valley to learn more about the creative job skills and talent required to maintain American competitiveness, as well as the gaming industry’s overall contribution to the economy. She also toured Electronic Arts and GlassLab. Electronic Arts (EA) is a developer and publisher of computer and video games with several subsidiaries which includes sports role-playing, racing and combat, online communities and original franchises like Tetris, Scrabble and Monopoly. Glasslab is a research and development effort that focuses on educational games and game-based assessment design in the United States.

During the discussion, Secretary Pritzker emphasized the important role that the Department of Commerce plays in creating the conditions that support the growth of the country’s most competitive industries, and empowering private sector companies to out-innovate anyone in the world. She also expressed her desire to learn more about the contributions that the gaming industry has brought to the economy, the jobs it has created, and the ability to remain globally competitive.

The United States gaming industry has enjoyed enormous success over the last decade, and the jobs it supports are now a crucial part of the country’s economic growth. In fact, the Entertainment Software Association (ESA) recently produced a 2014 report on video games in the 21st century which measures the economic contributions made by the gaming industry during the period of 2009-2012. According to ESA’s report, the game software publishing industry has employed 42,000 people in 36 states. The report also highlights that U.S total employment, both direct and indirect, that depends on this industry now exceeds 146,000. The value that this industry has added to the U.S GDP is over $6.2 billion.

Secretary Pritzker Speaks at the Fortune Most Powerful Women Summit

Secretary Pritzker with Mary Barra Patty Sellers Nina-Easton

This week, U.S. Secretary of Commerce Penny Pritzker participated in a panel discussion at the Fortune Most Powerful Women Summit, where she discussed the economy and steps the U.S. government and private sector can take to spur economic growth and job creation, building a bridge to the business community.

During her question and answer session with Nina Easton, Secretary Pritzker noted that in her first year at the Commerce Department she has visited 25 countries on behalf of American companies and met with more than 1,200 business leaders, including more than one-third of the Fortune 500. Secretary Pritzker also highlighted SelectUSA, an Obama Administration program, led by the Commerce Department program dedicated to making the United States the world’s premier location for business investment.

Spotlight on Commerce: Aaron Trujillo, Associate Director For Legislative and Intergovernmental Affairs

Spotlight on Commerce: Aaron Trujillo, Associate Director For Legislative and Intergovernmental Affairs

Ed. note: This post is part of the Spotlight on Commerce series highlighting members of the Department of Commerce and their contributions to an Economy Built to Last in honor of Hispanic Heritage Month

Guest blog post by Aaron Trujillo, Associate Director for Legislative and Intergovernmental Affairs, Department of Commerce

As the Associate Director for Legislative and Intergovernmental Affairs at the Department of Commerce, I carry two responsibilities; handling the issues of Economic Development, Skills Development, and Manufacturing and serving as the Acting Senior Advisor for Native American Affairs Policy. The Office of Legislative and Intergovernmental Affairs (OLIA) supports the Secretary on all matters pertaining to the Department’s relationship with Congress, state/local elected officials, territorial and tribal governments.    

Before coming to Commerce, I worked in the U.S. House of Representatives for five and a half years. There I served a Member of Congress in his capacity on the House Natural Resources Committee as Ranking Member of the Indian and Alaska Native Affairs Subcommittee, and later, as a distinguished member of the House Energy and Commerce Committee. During my time in the U.S. House, I also served as Senior Policy Advisor on Rural Development, Energy, Environment, Natural Resources, Agriculture, Veterans Affairs and Native American Affairs policies.

While working here at the Department of Commerce, I have been given the great opportunity to utilize my expertise to assist the Department and the Administration in advancing initiatives to build a stronger American economy. Our work here at the Department truly embodies the notions of opportunity, action and optimism because we work daily with businesses, organizations, community leaders, and elected officials at the local and national level to find opportunities that will create the conditions for economic success. 

I was raised in El Rancho, New Mexico, a small farming community just north of Santa Fe, NM.  As a child, I was influenced by the time honored traditions of my rural community and developed a deep respect for diversity in culture, language and the inherent connection between agricultural communities and natural resources. My upbringing has always been a driving force behind my work and advocacy in government.

Secretary Penny Pritzker to Lead High-Level U.S. Business Delegation to Poland and Turkey

Secretary Pritzker met with young entrepreneurs, who are the future of a stronger Ukrainian economy, during her commercial diplomacy trip to Kyiv, Ukraine.

U.S. Secretary of Commerce Penny Pritzker will lead a high-level delegation of America’s top CEOs on an economic fact-finding mission next week to Poland and Turkey. Secretary Pritzker and the CEOs, all of whom are members of the President’s Export Council (PEC) will use the trip to identify immediate and long-term opportunities to increase trade and investment between the U.S. and Poland and the U.S. and Turkey, two high-potential, fast-growing markets. Through greater understanding of these markets, the Department of Commerce and the President’s Export Council can help U.S. companies gain better access to Poland and Turkey, so they can sell more of their goods and services abroad and support jobs here at home.

Following this trip, the PEC CEOs joining the mission will apply their commercial expertise to produce a report for President Obama, which will recommend actions the U.S. government can take to address challenges and increase trade and investment between the U.S. and Poland, and the U.S. and Turkey

Just prior to the PEC mission, Secretary Pritzker will visit Kyiv, Ukraine. Secretary Pritzker's visit to Ukraine was announced by President Obama during Ukrainian President Poroshenko’s visit to Washington, D.C. last week.  Secretary Pritzker, whose family comes from Ukraine, will use her time there to discuss with Ukrainian government and business leaders the reforms necessary to improve their business climate, attract private capital, expand opportunity, and strengthen the economy for greater investment and growth. She will also explore potential opportunities for additional commercial cooperation between the U.S. and Ukraine.

After her stop in the Ukraine, Secretary Pritzker will join the eight PEC members and Under Secretary of Commerce for International Trade Stefan M. Selig in Warsaw, where they will meet with Polish government officials and business leaders and gather insight on opportunities and challenges facing U.S. companies in each respective market. Following the stop in Warsaw, the group will continue on to Istanbul and Ankara, Turkey.

Commerce in the Community: Paramount Pictures Works with Local Partners to Promote Opportunity Through High-Impact Education and Mentorship Programs.

Frederick Huntsberry - Commerce in the Community

Ed. Note: This post is part of the Commerce in the Community series highlighting the work of community leaders and organizations that are strengthening the middle class and providing ladders of opportunity for all Americans.

Below is an interview Frederick Huntsberry, the Chief Operating Officer of Paramount Pictures, a position he has served in since 2006. Mr. Huntsberry started his career in entertainment in 1997 at Universal Studios and later NBC Universal where he held various positions in Finance and Business Development, as well as President, NBC Universal Television Distribution where he was responsible for all U.S. first-run syndication and domestic and international television distribution sales activities. His last position was President, NBC Universal International, where he provided strategic direction for new business development growth opportunities, as well operational oversight for international TV distribution and global networks.

Question 1: Tell us about your team at Paramount. What is your mission and main focus?

As Chief Operating Officer at Paramount Pictures, I oversee worldwide strategic planning and operations for the studio. Paramount Pictures, a subsidiary of Viacom, is a producer and distributor of feature films that have entertained audiences around the world for over 100 years. In addition, last year we announced the formation of Paramount Television which focuses on the production of made for television and digital content. We are proud of the content we create, but we’re equally inspired by the tremendous volunteer spirit of our company and employees.