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Blog Category: Recovery

Statement from Under Secretary Blank on March 2010 Personal Income and Outlays

Blank portrait.

Washington (May 3)—The U.S. Commerce Department’s Bureau of Economic Analysis released personal income and outlays data for March 2010. Personal income increased 0.3 percent in March, and real disposable personal income rose 0.2 percent. Real personal consumption expenditures increased 0.5 percent in March. “Today’s personal income data, particularly the growth in employee compensation, indicates that the recovery is taking hold across America,” said U.S. Commerce Department Under Secretary for Economic Affairs Rebecca Blank.” (More) (Release—PDF)

Secretary Locke Celebrates Earth Day at Recovery Act Restoration Project in New Jersey

Photo of globe.

U.S. Commerce Secretary Gary Locke today celebrated Earth Day at an American Recovery and Reinvestment Act (ARRA) restoration project that is putting people back to work transforming a local dump into 35 acres of wetland and creating a new public trail in Lincoln Park. “The jobs that are being created here in New Jersey are a critical and growing part of the green economy,” Locke said. “Not only are coastal restoration projects like this one directly employing people, they are preserving the coastlines that are absolutely essential to America's economy.” (Release) (Remarks)

NOAA Awards $73.6 Million Recovery Act Contract for New Fisheries Survey Vessel

NOAA logo

Commerce’s National Oceanic and Atmospheric Administration (NOAA) awarded a $73.6 million American Recovery and Reinvestment Act contract to Marinette Marine Corporation located in Marinette, Wisconsin, for the construction of a new fisheries survey vessel, which will dramatically improve NOAA’s ability to conduct surveys for fish, marine mammals and turtles off the U.S. “Thanks to the Recovery Act, this new vessel will greatly enhance our understanding of our ocean resources and play a vital role in supporting NOAA’s mission,” said Jane Lubchenco, Ph.D., Under Secretary of Commerce for Oceans and Atmosphere and NOAA Administrator.” (More)

Secretary Locke Attends President's Economic Recovery Advisory Board (PERAB) Meeting, Livestream from White House Toda

White House meeting

Image: White House video

U.S. Secretary of Commerce Gary Locke will join Vice President Joe Biden, Export-Import Bank Chairman Fred Hochberg, White House officials and PERAB members at the exports-focused meeting hosted by President Barack Obama. The meeting will address a range of economic issues, including job creation, financial reform and the President’s proposal to double the number of exports over the next five years. (On-demand video)

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)

Secretary Locke Statement on March 2010 Retail Sales

Locke gesturing with microphone in hand.

File photo

The Commerce Department’s U.S. Census Bureau today released retail sales for March 2010. Retail sales increased 1.6 percent compared with an expected increase of 1.2 percent, and recent months were revised upwards. Excluding motor vehicles, retail sales rose 0.6 percent. Retail sales have grown 7.6 percent over the past year. “The strong growth in retail sales demonstrates consumers’ increasing confidence in the economic recovery,” Commerce Secretary Gary Locke said. (More) (Release)

Statement from Under Secretary Blank on Personal Income and Outlays in February 2010

Portrait photo of Under Secretary Blank.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for February 2010. Personal income and real disposable income were nearly unchanged in February. Real personal consumption expenditures increased 0.3 percent. “Today’s data indicate that, as the Administration’s economic recovery efforts have pulled us back from the brink and taken hold, American families have been able to save more and improve their financial positions,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

Under Secretary Blank Statement on Third Estimate of GDP in the Fourth Quarter 2009

Department of Commerce seal.

The U.S. Commerce Department’s Bureau of Economic Analysis released the third estimate of gross domestic product (GDP) for the fourth quarter of 2009. Real GDP grew 5.6 percent at an annual rate, nearly unchanged from the previous estimate of 5.9 percent. “As more fourth quarter data become available, it is evident that the administration’s efforts to promote economic recovery have helped create the conditions that lead to economic growth,” Commerce Under Secretary for Economic Affairs Rebecca Blank said. (More) (Release)

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)

Secretary Locke, Mayor Rybak Raise Awareness of New Recovery Act Tax Benefits in Minneapolis

Locke with hosts and roundtable participants seated at dining room table. Click for larger image.

U.S. Commerce Secretary Gary Locke participated in a roundtable discussion in Minneapolis to raise awareness of the new tax credits available to American families as a result of the American Recovery and Reinvestment Act. Locke was joined in the discussion by Minneapolis Mayor R.T. Rybak and several Minnesotans who have taken advantage of many of the new tax credits. (More) (Remarks) (Fact sheet) (White House Tax Savings Tool)