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Blog Category: Business

Locke Announces St. Louis Native to Lead MBDA

File photo of David Hinson smiling.

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U.S. Commerce Secretary Gary Locke today announced the appointment of David Hinson, a St. Louis native with more than 20 years of business experience, as the new administrator of the Minority Business Development Agency (MBDA). This agency is the only federal agency created specifically to foster the establishment and growth of minority-owned businesses in the United States.“The success of minority-owned businesses is essential to our economic recovery, and I’m counting on David to maximize their opportunities,” Locke said. (More)

Secretaries Locke and Chu to Travel to China, Focus on Clean Energy Jobs, Business and Technology

Secretaries Locke and Chu at White House press conference.

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U.S. Commerce Secretary Gary Locke and Energy Secretary Steven Chu will travel to China on Tuesday, July 14. During their four-day visit, the two secretaries will highlight the tremendous potential for mutually beneficial relationships in the clean energy sector. “Today, we are more interdependent with China than at any point in the last 30 years,” Locke said. “The relationship between our two countries is of critical importance, and while great progress has been made in our cooperation on economic, trade and global terrorism fronts, there's much more to do.”

Secretary Locke Addresses Moscow U.S.-Russia Business Summit, Named Co-Chair of New Business Development and Economic Relations Working Group

President Obama, President Medvedev, Secretary Locke and Russian Minister Nabiullina seen on stage. Click for larger image.

U.S. Commerce Secretary Gary Locke delivered remarks at a U.S.-Russia Business Summit in Moscow where CEOs and business leaders from both countries presented recommendations to expand bilateral commercial cooperation. The Secretary was joined by Russian Minister of Economic Development Elvira Nabiullina. Presidents Obama and Medvedev also addressed the summit. On Monday, the Presidents announced that Locke and Nabiullina would co-chair the Business Development and Economic Relations Working Group as part of the newly formed U.S.-Russian Bilateral Presidential Commission between the two countries. (Remarks)

Secretary Locke Announces Efforts to Support Minority Business Access to Recovery Act Opportunities

MBDA lgo. Click to go to MBDA Web site.

U.S. Commerce Secretary Gary Locke announced significant efforts by the department to support access for minority-owned businesses to Recovery Act opportunities. Locke, along with Commerce senior advisor Rick Wade, held a conference call with reporters today to discuss the department’s commitment to improving outreach and education. “President Obama is committed to ensuring that minority businesses are aware of and have access to federal contracts and funding opportunities,” Locke said. “The success of minority-owned businesses is vital to our economic recovery, and we’re working hard to make sure they have access to these important federal opportunities.” (More) (Commerce.gov/Recovery) (www.mbda.gov)

Secretary Locke to Accompany President Obama to Russia

File photo portrait of Secretary Locke.

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U.S. Commerce Secretary Gary Locke will travel to Moscow, July 6-8, in conjunction with the Presidential Summit Meeting between Presidents Obama and Medvedev. Locke will represent the administration at a private sector Business Summit where U.S. and Russian business leaders will present recommendations to expand bilateral commercial cooperation. This will be Locke’s first overseas trip as Secretary of Commerce. While in Moscow, he will meet with the Minister of Economic Development Elvira Nabiullina to discuss U.S.-Russian economic and commercial relations and Russia’s integration into the global economy. (More)

Locke Announces First Indian Company to Receive Express Lane Status for U.S.-Indian Trade

Secretary Locke speaking from podium. Click for larger image.

U.S. Secretary of Commerce Gary Locke announced an important step forward in the strategic partnership between the United States and India during remarks to the U.S.-India Business Council’s 34th Anniversary “Synergies Summit.” General Electric India (GE India) has been tapped as the first Indian company to qualify as a validated end-user (VEU) in India, allowing the company to enter a pre-approved, export express lane as a trusted end user. That the VEU program was opened for India is an indication of the increased importance of the U.S.-India bilateral and commercial relationship. (More)

Secretary Locke Statement on National Travel and Tourism Week

Photo of Gary Locke.

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U.S. Secretary of Commerce Gary Locke released the following statement on the observance of National Travel and Tourism Week: “Last year, a record 58 million travelers visited the United States to conduct business, see family and friends, and experience our big cities, small towns and incredible natural wonders. As we celebrate National Travel and Tourism Week, we are reminded that the industry benefits every state and U.S. territory, employing more than eight million workers across the country.” (More)

Secretary Locke Discusses Trade Promotion Agreement with Colombian Minister for Trade

Minister Plata and Secretary Locke talk while seated in chairs. Click for larger image.

U.S. Commerce Secretary Gary Locke hosted a meeting with Colombia’s Minister for Trade, Industry and Tourism, Luis Guillermo Plata, at the Commerce Department today. This was the first meeting between Minister Plata and Secretary Locke. The Secretary and Minister Plata reaffirmed the commitment of both governments to move forward on progress towards the U.S.-Colombia Trade Promotion Agreement. The two leaders also underscored the importance of building stronger business ties through activities like joint cooperation in trade capacity-building for small- and medium-sized enterprises and good governance programs. (More)

U.S. Senate Confirms Gary Locke as Commerce Secretary

Photo of Gary Locke.

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The United States Senate confirmed Gary Locke as the nation’s 36th Commerce Secretary by unanimous consent. Secretary Locke will be a key member of President Obama’s economic team and will work to foster and promote American economic development at home, and will be an influential ambassador for American business and industry abroad. Locke is the first Chinese American to serve as Commerce Secretary. “I’m honored to take on this challenge and will work every day to make the Commerce Department an engine for improving our competitiveness, encouraging innovation and creating jobs,” Locke said. (More)

Minority Business Development Agency Marks 40 Years Promoting Competitive Business Growth

MBDA logo.

Minority Business Development Agency (MBDA), an agency of the U.S. Department of Commerce, is celebrating four decades ofpromoting the establishment and growth of minority businesses. Throughout the year, the MBDA will be highlighting businesses that benefited from its programs and the people and communities it has impacted. MBDA’s Minority Business Blog (www.mbda.gov/blog) which launched in conjunction with the 40th anniversary will tell success stories of minority businesses, offer tips and business solutions for minority entrepreneurs, as well as communicate up-to-date information affecting the minority business community. (More) (Blog)