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Blog Category: Jobs

President Obama’s American Jobs Act Is a Win for Workers and Employers

Image of President Obama and AJA logo

Last night President Obama explained his proposal for putting creating jobs now and putting Americans back to work before Congress. In addition to giving the economy a shot in the arm with more money in the pockets of working Americans, his proposed American Jobs Act has several new ideas, backed by both Democrats AND Republicans, which are a win for businesses and employers. The President is focused on rebuilding the economy the American way, through the ingenuity and hard work of the American people.

Businesses and employers stand to win under the President’s American Jobs Act in various ways.

It offers tax relief:

  • A payroll tax cut for 98 percent of small businesses
  • A complete payroll tax holiday for added workers or increased wages
  • Extending 100 percent capital expensing into 2012
  • Reforms and regulatory reductions to help entrepreneurs and small businesses access capital

Financial rewards for hiring workers:

  • A tax credit from $5,600-$9,600 for hiring of unemployed veterans
  • New contracts for modernizing public schools, homes and businesses
  • A bipartisan-supported National Infrastructure Bank which provides capital and contracts to upgrade and build vital roads, rails and airports.
  • A $4,000 tax credit for hiring long-term unemployed workers
  • Allowing workers to earn unemployment insurance if they choose to work share over layoffs.

Learn more about the benefits of the American Jobs Act.

Chatting with Citizens in Cincinnati about President Obama’s Job Plan

Acting Secretary Rebecca Blank enjoys Graeter's Ice Cream while on a tour with CEO Rich Graeter. Also enjoying the ice cream is Cincinnati Mayor Mark Mallory.

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

First thing this morning, I’ll be on a plane to Cincinnati to join Mayor Mark Mallory for a visit to Graeter’s Ice Cream, a locally and family owned ice cream company founded in 1870. At Graeter’s, I'll explain the details of President Obama’s American Jobs Act, specifically how it will spur economic growth and accelerate job creation. 

After my tour (and hopefully a sample or two of that ice cream), I will host a White House Business Council roundtable discussion with local business leaders to discuss the jobs plan in further detail, challenges facing America’s business community, ways to improve U.S. economic competitiveness and the help that is available to businesses from agencies across the federal government. 

Before the end of the day, I’ll be sitting down with the editorial board of the Cincinnati Enquirer to answer all their questions about President Obama’s jobs plan.

The American Jobs Act is a set of ideas that have been supported by both Democrats AND Republicans that needs to be passed right away. This plan will put more people back to work and more money in the pockets of working Americans. As the folks in Cincinnati will attest, Americans are working hard each and every day to meet their responsibilities. The only question now is whether Washington will meet its responsibilities. The time for obstruction and gridlock is over. Congress needs to pass the American Jobs Act.

UPDATE: Read Acting Secretary Blank's remarks

MBDA Opens New Business Center in Cleveland

Director Hinson and officials shown with presentation check

Cleveland is the home of the U.S. Commerce Department’s Minority Business Development Agency’s (MBDA) newest business center. On Thursday, Sept. 1, more than 250 people turned out for the Cleveland MBDA Business Center’s grand opening and press conference held at the Wyndham Hotel.

U.S. Senator Sherrod Brown (D-Ohio) and Congresswoman Marcia Fudge, (D-Ohio) delivered remarks; and Cleveland Mayor Frank Jackson presented a proclamation recognizing the center’s role in the city.

MBDA National Director David Hinson delivered remarks to the crowd, challenging business owners to take advantage of the new opportunities that will be available through the business center in creating access to capital, contracts and markets.

The $1,125,000 five-year federal grant check was presented to center operator Andrew Jackson, Senior V. P. and Executive Director of the Commission on Economic Inclusion, Greater Cleveland Partnership.

Following the open house and tour of the center, a select group of minority business owners and key economic development stakeholders were invited to a White House Business Roundtable, where business owners shared in a candid conversation about their issues and concerns.

Director Hinson challenged business owners to consider what their companies specifically need to create “one more job.”  

MBDA Business Centers assist minority entrepreneurs with strategic business consulting services. Centers work directly with minority business owners and managers at the local level and provide enhanced assistance through MBDA’s national strategic partners, both within the federal government and the private sector.  

Acting Secretary Blank Tours Steel Facility in Warren, Ohio

 Acting Secretary Rebecca Blank Tours Thomas Steel in Warren, OH

Blank highlights Obama administration economic initiatives and new Commerce program designed to attract foreign investment, create jobs

Acting U.S. Commerce Secretary Rebecca Blank traveled to Warren, Ohio, today to tour Thomas Steel Strip Corporation, a member of the Tata Steel Europe Group and a manufacturer of cold-rolled strips usually used as steel casings for batteries. Thomas Steel employs more than 250 people.

After the tour, Blank discussed the importance of strengthening our education, infrastructure and innovation capacity as ways to rebuild our economic foundation, create jobs and enhance our global competitiveness. She also underscored the steps the administration has already taken to achieve these priorities–from investing in community colleges and funding transportation projects across the country, to launching the President’s National Export Initiative and pushing to shorten the time it takes to approve a patent. 

Blank also highlighted the significance of foreign direct investment (FDI), citing Tata Steel as an example of foreign companies whose investments the U.S. must attract more of to strengthen economic growth and job creation.  With FDI supporting more than five million American jobs, Blank discussed a new government-wide initiative, housed at Commerce–SelectUSA–which seeks to cut federal red tape for domestic and foreign investors, remove barriers to new investment and boost business growth in the United States. 

EDA Promotes Economic and Job Growth in Rural America

August 24, 2011 - U.S. Assistant Secretary of Commerce for Economic Development John Fernandez, Federal Co-Chairman of the Delta Regional Authority Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture, participate in White House Rural Council Roundtable in Pine Bluff, AR.

Guest Blog by John Fernandez, Assistant Secretary for Economic Development.

President Obama has taken significant steps to improve the lives of rural Americans and has provided broad support for rural communities. He signed an Executive Order in June establishing the first White House Rural Council. The Administration has also set goals of modernizing infrastructure by providing broadband access to 10 million Americans, expanding educational opportunities for students in rural areas, providing affordable health care, promoting innovation and expanding the production of renewable energy.  

Last week, as part of his three day bus tour, President Obama stopped in Peosta, Iowa to participate in the White House Rural Economic Forum, which brought together farmers, small business owners, private sector leaders, rural organizations, and government officials to discuss ideas and initiatives to accelerate hiring and spur innovation in rural America. The President has also announced a series of initiatives that leverage existing programs and funding to help small businesses and meet the critical needs in rural communities. In the coming weeks, the President will put forth additional proposals that will help put people back to work and give the middle class greater economic security. Promoting economic and job growth in rural communities is central to these goals.

The U.S. Commerce Department’s Economic Development Administration (EDA) has been investing to strengthen rural economic ecosystems for over four decades. Earlier this week, I traveled to Louisiana, Tennessee and Arkansas with Federal Co-Chairman of the Delta Regional Authority (DRA) Chris Masingill and Doug O'Brien, Deputy Under Secretary for Rural Development at the U.S. Department of Agriculture to conduct project site visits and participate in White House Rural Council Roundtables in Houma and Bastrop, LA as well as Pine Bluff, AR. We heard from stakeholders in the region about how the federal government has and can be a better partner as we invest in rural economies.

On August 26, 2011, EDA will host a webinar to discuss best practices to promote rural small business development. White House Rural Council members Chris Masingill of DRA and Federal Co-Chairman of the Appalachian Regional Commission (ARC) Earl Gohl will share best practices and successes with close to 400 participants.

Minority Business Development Agency: Helping Rural Business Owners Create Jobs

Image of products from Sister Sky

Since the start of this administration, the Minority Business Development Agency has helped minority-owned firms gain access to $7 billion in contracts. Those firms are located in cities and rural communities throughout the country. However, what these firms have in common is their tenacity, innovation and creativity.

MBDA has made a point of ensuring that minority-owned firms are given access through our 50 center touch points located throughout the country. Among our MBDA business centers is the Native American Business Enterprise Center (NABEC) program.

Each NABEC leverages project staff and professional consultants to provide a wide range of direct business assistance services to eligible Native American, tribal entity and minority-owned firms.

MBDA’s NABEC services include initial consultation and assessments, business technical assistance, and access to federal and non-federal procurement and finance opportunities.

Winning the Future in Detroit: Public-Private Partnerships Advance Economic Transformation

Members of the Detroit Regional Chamber pictured meeting with Fernandez and Baruah

Guest blog post by John Fernandez, U.S Assistant Secretary of Commerce for Economic Development, Department of Commerce's Economic Development Administration

Last week, I had the pleasure of visiting Detroit, Mich., to see firsthand how close collaboration between the public and private sectors is working to transform the region’s economy and create the businesses and jobs of the future.  I was pleased to be joined by Sandy Baruah, President and CEO of the Detroit Regional Chamber and also my predecessor at the U.S. Department of Commerce during the Bush administration. 

The trip was a great opportunity to witness how the economic landscape in America’s "Motor City" is being transformed, particularly around the emerging and robust information technology and robotics cluster, which is thriving due to the city’s skilled talent pool, affordable retail opportunities and urban attractions such as the Fox Theater and Detroit Opera House.

There is something positive in the air in Detroit and the local economy is reaping the benefits. From the mayor, to members of Congress, to business leaders, to community stakeholders—there is a shared commitment to strengthen the city and create new jobs. Vibrant public-private partnerships are being leveraged and driving growth.

Women in STEM: An Opportunity and An Imperative

Gender Shares of Total and STEM Jobs, 2009

Today Commerce's Economic and Statistics Administration released the second in a series of reports on science, technology, engineering and mathematics (STEM). This report, entitled Women in STEM: A Gender Gap to Innovation (PDF), looked at women and STEM. The results offer an opportunity and an imperative for women and America. The results showed that women are vastly underrepresented in STEM jobs and among STEM degree holders despite making up nearly half of the U.S. workforce and half of the college-educated workforce. That leaves an untapped opportunity to expand STEM employment in the United States, even as there is wide agreement that the nation must do more to improve its competitiveness.

Other key findings are:

  • Although women fill close to half of all jobs in the U.S. economy, they hold less than 25 percent of STEM jobs. This has been the case throughout the past decade, even as college-educated women have increased their share of the overall workforce.
  • Women with STEM jobs earned 33 percent more than comparable women in non-STEM jobs–considerably higher than the STEM premium for men. As a result, the gender wage gap is smaller in STEM jobs than in non-STEM jobs.
  • Women hold a disproportionately low share of STEM undergraduate degrees, particularly in engineering.
  • Women with a STEM degree are less likely than their male counterparts to work in a STEM occupation; they are more likely to work in education or healthcare

For more information on this topic, read Chief Economist Mark Doms's blog post about the report and ESA's first report on STEM: Good Jobs Now and For the Future.

NOAA: Cultivating the Next Generation of STEM Workers, One Student at a Time

NOAA’s Ernest F. Hollings scholarship program students on Chesapeake Bay field study  (NOAA photo)

You’ve probably heard the term in the news of late. “STEM jobs” in science, technology, engineering and mathematics, are the new “It” jobs.

A report from Commerce’s Economics and Statistics Administration discussed recently in this blog had good news for present and future STEM workers. Among its key findings, the report notes that in the past 10 years:

  • Growth in STEM jobs was three times greater than that of non-STEM jobs;
  • STEM workers earn 26 percent more than their non-STEM counterparts; and
  • Job growth in these fields will continue to grow at a faster rate than other jobs. 

As the report confirms, STEM workers are driving our nation’s innovation and competitiveness and helping America “win the future” with new ideas, new businesses and new industries.

Enter Commerce's National Oceanic and Atmospheric Administration (NOAA).

NOAA’s mission—to understand and predict changes in climate, weather, oceans and coasts, to share that knowledge and to conserve and manage coastal and marine ecosystems and resources—is central to many of today’s greatest challenges.  

Why? Climate change, extreme weather, declining biodiversity, and threatened natural resources all convey a common message: Now, more than ever, human health, prosperity and well-being depend upon the health and resilience of both natural and social ecosystems and resources.

That means we need skilled hands and inspired minds to help society prepare for and respond to weather-related events, to sustain healthy and productive ecosystems and to ensure resilient coastal communities and economies.

Standards Boost Business: Competing in a 21st Century Economy

Standards Boost Business logo

Guest blog post from S. Joe Bhatia, President and CEO, American National Standards Institute

From alternative energy and nanotechnology to electric vehicles, vast opportunities for U.S. innovation and economic growth are developing in new and expanding industry sectors. As the U.S. ramps up its efforts to create jobs for the 21st century economy, there is an incredibly powerful tool at hand that can help U.S. industry tap into these technologies and out-innovate competitors in the global market.

I’m talking about standardization – and there has never been a better time for American businesses to leverage standards and conformance to gain a powerful trade advantage. Standardization not only informs the direction of innovation, it impacts the strength of the American workforce. Standards have the potential to accelerate the idea-to-market cycle, increase the number of U.S. products and services, and save companies millions of dollars. In short, standards have the power to turbo-charge innovation and fuel business growth.

That’s why the U.S. standardization community has launched the Standards Boost Business outreach initiative – to help companies understand the strategic and economic value of standards to business and to our overall national competitiveness.