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Blog Category: Development

Commerce Department Recruiting Industry Experts to Serve on New Advisory Council on Minority Business

Comerce seal

The Commerce Department is recruiting leaders from the private sector to serve on the National Advisory Council on Minority Business Enterprise (NACMBE). The council will provide advice and guidance to the Secretary on key issues, including policies that would best position minority-owned firms to compete in the global economy: access to capital, expanded participation in emerging industries, and improved access to the global supply chains of the world’s largest corporations. Commerce’s Minority Business Development Agency (MBDA) will assist the Secretary in overseeing the Advisory Council. (More) (Nomination notice)

Secretary Locke Highlights Importance of Tourism to U.S. Economy

Secretary Locke meets with press in Orlando to discuss travel and tourism.

U.S. Commerce Secretary Gary Locke held a town hall meeting at the University of Central Florida today to discuss the importance of the travel and tourism industry to the U.S. economy. The industry generates nearly $1.3 trillion for the U.S. economy and supports 8.2 million U.S. jobs. Locke also highlighted President Obama’s new Task Force on Space Industry Workforce and Economic Development, a $40 million effort to facilitate economic development along the Space Coast. Locke was joined by U.S. Sen. Bill Nelson and U.S. Reps. Suzanne Kosmas and Alan Grayson. (More) (Remarks)

EDA Announces Competition to Bring Innovative Ideas to Market

The i6 Challenge Logo

The i6 Challenge is a new $12 million innovation competition administered by the Economic Development Administration (EDA) of the U.S. Department of Commerce, in partnership with the National Institutes of Health (NIH) and National Science Foundation (NSF). EDA will award up to $1 million to each of six winning teams with the most innovative ideas to drive technology commercialization and entrepreneurship in their regions. NIH and NSF will award a total of up to $6 million in supplemental funding to their SBIR grantees that are associated or partnered with the winning teams. (More) (Press release—PDF)

Commerce Department Grant Advances President Obama's Commitment to Creating Jobs, Strengthening Economy in Central Florida

EDA seal.

U.S. Commerce Secretary Gary Locke announced a $2 million Economic Development Administration (EDA) grant to the Titusville-Cocoa Airport Authority of Titusville, Florida, to assist in the expansion of the Bristow Academy, a major helicopter pilot training facility, and create new Central Florida aerospace sector jobs. The project is expected to save 155 jobs, create 97 jobs and generate $2 million in private investment, according to grantee estimates. (More)

Commerce Secretary Locke Addresses Economic Development Professionals at Federal Forum

U.S. Department of Commerce seal.

U.S. Commerce Secretary Gary Locke delivered remarks at the International Economic Development Council’s (IEDC) Federal Economic Development Forum today. Locke spoke about the critical role federal economic development agencies play in fostering innovation and entrepreneurship within local communities. The IEDC works to help economic development professionals create high-quality jobs, develop vibrant communities and improve the quality of life in their regions. Assistant Secretary of Commerce for Economic Development John Fernandez joined Locke at the forum. (Remarks)

Deputy Secretary Hightower Joins Vice President Biden in Pennsylvania for Groundbreaking of ARRA Project

Hightower on podium with Biden and others behind. Click for larger image.

U.S. Deputy Secretary of Commerce Dennis Hightower joined Vice President Joe Biden to kick off the groundbreaking of an American Recovery and Reinvestment Act (ARRA) project, with funds administered by Commerce’s Economic Development Administration (EDA). EDA obligated all $147 million of its Recovery Act funds one full year ahead of schedule. Responding to aggressive goals set out by President Obama and Vice President Biden, the agency acted expeditiously. Recovery Act funds were delivered to communities where they were needed most. (Remarks)

Deputy Secretary Hightower, Rep. Peters Host Roundtable with Michigan Small Business Owners

U.S. Commerce Deputy Secretary Dennis Hightower joined Rep. Gary Peters in Farmington Hills, Mich. to meet with local small business owners, representatives from the Michigan Economic Development Corporation and the Detroit Regional Chamber, to discuss the current business climate, growing manufacturing jobs and spotlight initiatives that are working to help improve Michigan’s economy. Hightower underscored the department’s commitment to provide technical and business assistance to small manufacturers. (Remarks)

Secretary Locke Announces Grants in Iowa to Aid Flood Rebuilding Efforts

Secretary Locke at podium

U.S. Secretary of Commerce Gary Locke viewed new flood-resistant construction at the University of Iowa and announced grants totaling $30 million to assist in flood rebuilding efforts in the aftermath of the 2008 Iowa flood—part of a continuing effort by the Obama administration to help those impacted by the flooding. Locke was joined by Governor Chet Culver, Congressman Dave Loebsack and Mayors Matt Hayek and Jim Fausett. Commerce’s Economic Development Administration will administer the grants. (Remarks) (Press release)

Deputy Secretary Hightower to Promote U.S. Innovation Agenda During Visit to Brussels

Portrait of Hightower

U.S. Commerce Deputy Secretary Dennis Hightower is in Brussels to promote the president’s National Innovation Strategy as a key driver for sustainable growth and quality jobs. Hightower’s visit will focus on three key building blocks to encourage innovation: investment in research, development and technology capital; promotion of competitive markets, and support for national priorities in the clean energy, advanced vehicle technology and health care sectors. Today, he delivered remarks at a luncheon hosted by the American Chambers of Commerce. (Remarks)

Secretary Locke Announces Recovery Act Grants to the Navajo Nation in Arizona, New Mexico and Utah

Recovery logo.

U.S. Commerce Secretary Gary Locke held a press conference call with Sen. Jeff Bingaman (NM), Sen. Tom Udall (NM), Rep. Jim Matheson (UT), Rep. Ben Lujan (NM) and former New Mexico Governor Toney Anaya and announced a $32 million Recovery Act grant to the Navajo Nation in Arizona, New Mexico and Utah that will help bridge the technological divide, boost economic development, create jobs, and improve education and health care. Locke announced a total of 10 grants totaling more than $63 million that will increase broadband access and adoption in more than a dozen states. (More)