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Blog Category: Jobs

Commerce Announces Partnership with Cornell NYC Tech to Help American Entrepreneurs Innovate, Grow, and Create Jobs

Acting Secretary Rebecca Blank announces a first-of-its-kind campus collaboration that will provide Commerce resources directly to students, faculty and industry (photo credit: Lindsay France/University Photography, Cornell)

First-of-its-kind campus collaboration will provide USPTO and Commerce resources directly to students, faculty and industry, help accelerate commercialization of new technologies

Today Acting U.S. Commerce Secretary Rebecca Blank was joined by Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office (USPTO) David Kappos and Cornell University President David J. Skorton to announce a groundbreaking agreement between the Commerce Department and Cornell University that will promote growth for American businesses and entrepreneurs. U.S. Senator Charles Schumer (D-NY), U.S. Representative Carolyn Maloney (D-NY), and New York City Deputy Mayor Robert Steel also participated in the event.

Acting Secretary Blank announced that for the first time, the resources of a U.S. government agency and a major research institution will join forces to give students and researchers at Cornell’s New York City Tech Campus (Cornell NYC Tech) direct access to resources that will help them bring their ideas to market and grow their businesses.

By installing a permanent staff member of the U.S. Commerce Department at Cornell’s NYC Tech campus, the department will be bringing its full suite of resources to the university community, helping connect students, faculty and mentors to early-stage investors, intellectual property strategies, export assistance tools, government grants, and academic partners. The partnership will help Cornell’s new academic institution break down the traditional boundaries that exist between graduate education and the research and development of technology products.  Press release

Acting Secretary Blank Speaks With Council of Foreign Relations on Increasing the Level of Business Investment in the U.S.

Acting U.S. Commerce Secretary Rebecca Blank Answers Questions After Her Remarks at the Council on Foreign Relations

This afternoon, Acting U.S. Commerce Secretary Rebecca Blank spoke before the Council on Foreign Relations about the Obama administration's initiatives to help businesses expand their investment in the United States and bring jobs back home. The Commerce Department works to attract investment across all sectors, but in her remarks Blank focused on manufacturing because that sector has added more than half-a-million new jobs since 2009, compared to the previous decade in which six million manufacturing jobs were lost. In addition after decades of watching American companies take jobs to other countries, more and more manufacturers are making the decision to keep factories and production facilities here in the United States and are bringing jobs back to the U.S. from overseas through insourcing.

Blank mentioned that the renewal of the manufacturing sector is driven by America’s quality infrastructure, skilled labor, and advanced research and innovation that are critical for manufacturers to thrive. Business leaders list a number of reasons why the U.S. looks so attractive to them right now, including the fact that domestic energy production is lowering the cost of oil and natural gas needed in manufacturing. A second reason for investing in the U.S. is a competitive edge in labor productivity. America’s manufacturing workers now produce about nine percent more each hour than they did in 2008.

Blank noted that the list of reasons that CEOs give for investing here is longer still. America has a strong rule of law and a good regulatory environment. Additionally, the U.S. has the strongest level of intellectual property protection–and our patent system is only getting better due to the 2011 passage and implementation of the America Invents Act. America has the best universities in the world, producing graduates that drive entrepreneurship and feed innovation into our private sector.

With EDA Assistance, Communities Have a New, Resource-Rich Tool to Help Them Recover from Disasters

RestoreYourEconomy.org

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

To coincide with National Preparedness Month, the International Economic Development Council (IEDC) has just launched the newly redesigned RestoreYourEconomy.org website.

Developed with funding from the U.S. Economic Development Administration (EDA), the website is a one-stop resource for economic development organizations and chambers of commerce seeking to assist businesses after a disaster, rebuild their local economy, and encourage resiliency among local businesses and government.

Since it was first established, EDA has played an important role in helping communities across the country recover from disasters by assisting them in reestablishing their local economies and implementing long-term economic recovery efforts. Earlier this year, EDA announced the availability of $200 million to help communities that received a major disaster designation in fiscal year 2011 with long-term economic recovery and infrastructure support.  Within the context of the administration’s National Disaster Recovery Framework (NDRF), EDA serves as the Coordinating Agency on behalf of the Department of Commerce for the Economic Recovery Support Function (RSF) to coordinate the activities of a diverse group of partner agencies supporting recovery in disaster-impacted communities. The activities consist primarily of improved information sharing and leveraging existing resources to make a positive impact for communities affected by disasters.

Job-Creating Culinary Center Opens in Philadelphia with EDA Support

Artist's rendering of exterior of the new Center

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

Providing office space and support for budding entrepreneurs to develop and grow their businesses while boosting the synergies offered by their developing ideas, skills, and products is a critical economic development strategy.

This is exactly what I saw today in Philadelphia, when I attended the opening of the new Dorrance H. Hamilton Center for Culinary Enterprises (CCE), an innovative facility that will provide shared business space for food entrepreneurs from throughout the Philadelphia region. This center was developed by Philadelphia’s The Enterprise Center, a business accelerator that since 1989 has supported local entrepreneurs and spurred economic growth in Philadelphia, and the Economic Development Administration (EDA), which in 2010 provided $1.5 million to support the construction of the CCE.

The new CCE building contains 13,000 square feet of space, and includes four state-of-the-art commercial kitchens that will be available for rent to culinary entrepreneurs, an eKitchen Multimedia Learning Center, and retail space for tenants.

Acting Secretary Blank Delivers Remarks at National Automobile Dealers Association Conference

Acting Secretary Blank Addresses the National Association of Auto Dealers

This morning, Acting U.S. Commerce Secretary Rebecca Blank delivered remarks at the National Automobile Dealers Association Legislative Conference. In her remarks, the Acting Secretary discussed how the Obama administration is working to strengthen the U.S. automobile industry, grow the economy and create jobs.

New car sales are beating expectations, having just seen the best August sales since 2009—nearly 1.3 million cars and trucks were sold last month. So far this year, sales for new cars are up 20 percent and sales for light-duty trucks are up more than 10 percent. Blank noted that, compared to the lowest point in 2009, the number of people employed in auto dealerships has risen by more than 85,000.

She also highlighted Cash for Clunkers, a $3 billion investment that stimulated our economy at a critical time when we needed consumers to go ahead and buy new cars, instead of holding back.  Not only did Cash for Clunkers help auto dealers get through a tough patch, but it also helped auto manufacturers and suppliers who were struggling to keep their workers employed and put safer, cleaner cars on the road.

2011 Income, Poverty and Health Insurance Coverage in the United States Report

Cover: Income, Poverty and Health Insurance Coverage in the United States Report

Today, the U.S. Census Bureau released its report on Income, Poverty, and Health Insurance Coverage in the United States in 2011.

As we continue to fight back from the worst economic crisis since the Great Depression, the Income, Poverty and Health Insurance Coverage report released today provides further evidence of how critical it is that we implement policies that benefit and create security for struggling families and our middle class—and not just the wealthiest Americans. 

Today’s report shows that while too many American families are still struggling, the nation’s poverty rate fell and the percentage of Americans with health insurance coverage rose in 2011. It is clear that had President Obama not taken swift and aggressive action to grow our economy and create jobs, today’s report would have shown much higher poverty rates, lower incomes, and a greater share of the population without health insurance. 

Though our poverty rate remains unacceptably high, this report shows that the poverty rate ticked down in 2011 after rising for several years in the wake of the Great Recession. Poverty fell for all age groups, including children, elderly, and non-elderly adults. A key reason for this decline was that 2.2 million more people had full-time jobs last year, in part because unemployment fell by 0.9 percentage points from December 2010 to December 2011. Government programs also continued to provide a vital safety net. 

Acting Secretary Blank cut the ribbon at the International Manufacturing Technology Show in Chicago

Acting Secretary Blank cut the ribbon at the International Manufacturing Technology Show in Chicago

Yesterday, Acting U.S. Commerce Secretary Rebecca Blank traveled to Chicago, Illinois to deliver remarks at the International Manufacturing Technology Show (IMTS), hosted by the Association for Manufacturing Technology. Acting Secretary Blank discussed the importance of manufacturing to boosting U.S. economic growth, job creation and exports and highlighted the administration's continuing efforts to build things here and sell them everywhere.

Blank noted that President Obama has been committed to U.S. manufacturing since his very first day in office, and shared three key facts that show manufacturing is making a comeback. First, after a decade when America lost six million manufacturing jobs, we’ve now added more than a half million back since January 2010. These are good-paying jobs that strengthen economic security for the middle class. Second, our manufacturing output is up 20 percent since 2009–with big growth in areas like cars and car parts. Third, manufactured exports have increased in nearly all industry categories, jumping over 36 percent from 2009 to 2011.

After finishing her remarks, Blank toured the floor exhibits. She stopped by the Local Motors exhibition to hear about their crowd-sourced car. The Defense Advance Research Project Agency challenged Local Motors, a small company based in Chandler, Arizona to design a vehicle in four weeks and build it in three months. To meet this deadline Local Motors crowd-sourced the vehicle design, selected one of the over 162 high-quality designs that came in and then built it ahead of schedule.

Acting Secretary Blank departed IMTS and traveled to Cree-Racine in Racine, Wisconsin, a local manufacturer of energy-efficient LED lights. They recently formed a partnership with a distributor in India and last year won the President’s E-Award for their success in increasing exports. Because of that success, they’re expanding their facility and creating nearly 500 more jobs in Wisconsin.

Acting Secretary Blank then traveled to Milwaukee, Wisconsin, where she spoke with local business leaders about steps that can be taken to grow the American economy and create jobs. Her remarks focused on the importance of increasing consumer spending, spurring innovation in manufacturing, increasing business investments in the U.S., and growing U.S. exports. She drew attention to a joint venture between five federal agencies, the Departments of Defense, Energy, and Commerce, the National Science Foundation, and NASA, and local manufacturers for a pilot project that is focused on additive manufacturing.   

Additive manufacturing, often referred to as 3D printing, is a new way of making products and components from a digital model, and will have implications in a wide range of industries including defense, aerospace, automotive, and metals manufacturing. Like an office printer that puts 2D digital files on a piece of paper, a 3D printer creates components by depositing thin layers of material one after another using a digital blueprint until the exact component required has been created.  The Department of Defense envisions customizing parts on site for operational systems that would otherwise be expensive to make or ship. The Department of Energy anticipates that additive processes would be able to save more than 50 percent energy use compared to today’s "subtractive" manufacturing processes.

This pilot institute will set a research agenda, driven by private sector needs. It will encourage researchers and entrepreneurs to take risks, test prototypes, fail quickly and get back up to try again. This is a great public-private partnership, with funding from the Federal government, two states and many manufacturers. The Department is tracking this pilot closely, to learn how best to help fund and establish these sort of public-private collaborations all over the country.

In addition to highlighting manufacturing, Blank outlined steps needed to grow the American economy and create jobs. She focused on the importance of increasing consumer spending, increasing business investments in the U.S., and growing U.S. exports. She also highlighted the need for U.S. investments in infrastructure and education to build an economy to last.

Learn More About the Ocean and Great Lakes Economy on BEA’s New Web Portal

Tugboat

Ed. Note: This is cross-posted from the Bureau of Economic Analysis's blog. It highlights the coordination and collaboration between BEA and NOAA to bring value in data and services to the American public.

How many jobs are created from the construction of a new bridge or an increase in tourism?

The Bureau of Economic Analysis’ (BEA) new Web portal on the ocean and Great Lakes economy shows how the Bureau’s Regional Input-Output Modeling System (RIMS II) can be used to provide answers to such questions. The new Web site stems from a joint project with the Commerce Department’s National Oceanic and Atmospheric Administration.

RIMS II, a regional economic model, is used by investors, planners, and elected officials to objectively assess the returns to projects ranging from a new sports stadium to a new bridge. The returns include the short- and long-term increases in jobs and spending associated with the projects.

The idea behind the results of RIMS II is that an initial change in economic activity leads to additional changes in economic activity in other parts of an economy—for example, building a new bridge leads to increased production of concrete and steel. The increased production of concrete and steel leads to more mining. Workers benefiting from these increases may also enjoy bigger paychecks, so they may then spend more by eating out at nicer restaurants or splurging more on entertainment.

Acting Secretary Blank Talks Insourcing and Job Creation at Economic Development Forum

Acting Secretary Blank at International Economic Development Summit in Washington

Guest blog post by Dr. Rebecca Blank, Acting Secretary of the U.S. Department of Commerce

This morning, I joined economic development leaders from around the country to discuss ongoing efforts to create jobs and grow the U.S. economy. The Economic Development Forum was hosted by the U.S. Commerce Department’s SelectUSA initiative, in partnership with the White House Business Council and the International Economic Development Council (IEDC), the world’s largest professional organization of economic development practitioners.

The forum provided an opportunity to discuss the Obama administration’s efforts to support U.S. businesses and encourage companies to bring good jobs back to America, a trend called insourcing.

Both American and international firms are increasingly looking for opportunities to invest in the U.S. And businesses are not only choosing to bring jobs back, but they are also making decisions to expand here instead of shipping jobs overseas. These investments mean that more products will be made in America. That means more jobs and greater economic security for families across this nation.

MBDA National Director Hinson Builds Relationships with Brazil In Line with Obama Administration NEI Goals

With Director Hinson (right) are Ms. Reta Jo Lewis, S/Special Representative for Global Intergovernmental Affairs, U.S. Department of State Mr. Julio Semeghini, Secretary of State, São Paulo, Planning and Regional Development


The Department of Commerce's Minority Business Development Agency (MBDA) National Director David Hinson wrapped up a five-day trip to Brasilia and São Paulo, Brazil, on August 24. 

The trip provided an opportunity for Commerce’s MBDA to help push forward on the Obama administration’s National Export Initiative (NEI) by fostering greater access to emerging markets in Brazil for minority business enterprises. Helping the administration achieve its NEI goal of doubling exports by the end of 2014 is a top priority for MBDA, because more exports mean more jobs. Through the NEI, MBDA is thinking strategically about the sectors and markets that give America’s minority businesses a comparative advantage globally. Brazil is one of those key markets.

During the trip, Director Hinson met with Brazil’s Ministry of Foreign Relations and Brazilian business owners to discuss how MBDA can help U.S. minority-owned businesses enterprises (MBEs) improve their return on investment through strategic partnerships and gain access to the unprecedented opportunities in the United States and Brazil—the two largest economies in the Western Hemisphere.