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Blog Category: Jobs

Bringing and Keeping Business Investment in America

SelectUSA logo

Guest blog by Gary Locke, U.S. Secretary of Commerce. Cross-posted at the White House blog.

Business investment in America creates and supports millions of jobs, while generating economic growth and opportunities in communities throughout the United States.

Today at the Business Round Table in Washington, D.C., we announced a new initiative – SelectUSA – the first-ever government-wide program to aggressively pursue and win new business investment in the United States by both domestic and foreign companies.

America has the most appealing investment environment in the world, with the largest consumer market, an educated workforce, strong intellectual-property protections and open capital markets.

More than 5 million Americans are directly employed by foreign companies in the U.S., ranging from Japanese carmakers to British banks to Indian energy and industrial companies.

But at a time when competition for business investment is more intense than ever, the U.S. is the only developed economy in the world without a national-level investment program and advocacy program.

In recent years we have been losing ground in attracting and retaining business investment to better coordinated foreign competitors.

SelectUSA, established by Executive Order of the President, will leverage existing resources of the federal government to ramp up promotion of the U.S. as a prime investment destination to create jobs at home and to keep jobs from going overseas.

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U.S. Tourism is Big Business at International Pow Wow

Chart showing growth in travel and tourism

Guest blog post by Francisco Sánchez, Under Secretary of Commerce for International Trade

The U.S. Travel Association’s International Pow Wow is the travel industry’s premier international marketplace and the largest generator of USA travel.

The three-day event is action-packed and filled with pre-scheduled business appointments, with more than 5,000 attendees expected and international and domestic buyers and representatives from more than 70 countries will be attending. The business negotiations that take place result in the generation of more than $3.5 billion in future USA travel.  In other words, Pow Wow is a big deal. 

We at the Commerce Department have enjoyed a close relationship with Pow Wow for years and added the conference into the Department’s International Buyer Program in 2011. The International Trade Administration (ITA) recruited qualified buyers from all over the world to attend Pow Wow.  There are currently 1,135 international buyer delegates, including delegations from emerging markets like China and the Czech Republic, and 1,047 U.S. companies registered for the show this year.

Hearing From Local Businesses in Minneapolis, MN: Secretary Locke Joins a White House Jobs and Competitiveness Council Listening and Action Session

UPDATED: Secretary Locke wrote about his time in Minneapolis on the White House blog.

Today, Secretary Locke traveled to Minneapolis to take part in a White House Jobs and Competitiveness Council Listening and Action Session. There, he heard suggestions from local business leaders on how the public and private sectors can work together to create jobs and enhance competitiveness for small businesses.

Secretary Locke was joined by Antonio M. Perez, Chairman and CEO, Kodak, Don Graves, President’s Council on Jobs and Competitiveness, Department of Treasury, Ron Bloom, Senior Counselor for Manufacturing Policy, President’s National Economic Council, and Darlene Miller, President and CEO, Permac Industries.

Ms. Miller and Permak Industries, located just outside Minneapolis, played host to the session. They provided Administration officials and Jobs Council Members with a tour the Permac Industries facility and then held forum discussions and Q and A sessions with local business owners to discuss ideas for creating jobs and growing business in this country.

These sessions are part of an ongoing series of regional Council Listening and Action Sessions that will take place around the country.  The purpose of the regional sessions is to respond to the President’s challenge that the Council bring new voices to the table and ensure that everyone can participate and inform the work and recommendations of the Council.  The ideas and information exchanged at these events will help inform the future policy work of the President’s Council on Jobs and Competitiveness. The first Listening and Action Session took place in Dayton, Ohio and focused on creating new markets and customers for small businesses through supply chain development, in-sourcing, and partnerships with large businesses.

NIST’s Manufacturing Extension Partnership Delivers Results

Program Helps Create and Retain Jobs, Generating $32 in Sales for Every $1 Spent

Today’s release of the latest employment statistics from the Department of Labor—244,000 jobs added in April—makes you wonder, where did these jobs come from? While we know most jobs are created by the private sector, government agencies often do have a role in fostering this job creation.  The Hollings Manufacturing Extension Partnership (MEP) program at the Commerce Department’s National Institute of Standards and Technology has done just that. 

As a public-private partnership, MEP delivers a high return on its investments to American taxpayers. In 2009, MEP helped businesses create or retain 72,075 jobs, and for every one dollar of federal investment, generated $32 in new sales growth (PDF). This return on investment translates to $3.6 billion in new sales annually among MEP clients. And for every $1,570 in federal investment, MEP creates or retains one manufacturing job. Such impressive results come from a survey of MEP clients by private marketing firm Turner Marketing, Inc.

How did MEP achieve such a large return on its investments?  First, a little history.  Congress established MEP in 1988 to help small- and mid-sized manufacturers increase growth, cut costs, and create innovative new products and services.  NIST, the federal partner in MEP, works with local and regional manufacturing experts across the United States to build a nationwide network of resources for America’s manufacturers.  Several dozen NIST staff leverage over 1,400 technical experts across the nation in every state, focused on solving manufacturers’ biggest challenges and identifying opportunities for growth.

Secretary Gary Locke Takes Nationwide New Markets, New Jobs Tour to New Orleans to Help Small Businesses Export

Locke, Van de Werken and Landrieu

U.S. Commerce Secretary Gary Locke traveled to New Orleans, La. today for the third stop of New Markets, New Jobs: The National Export Initiative Small Business Outreach Tour. Locke was joined by New Orleans Mayor Mitch Landrieu and Export-Import Bank Board Member Diane Farrell.

Locke delivered keynote remarks at the event, where he spoke about the administration’s efforts to support President Obama’s National Export Initiative (NEI), which aims to double U.S. exports in five years in support of several million new jobs. The NEI enhances the U.S. government’s trade promotion efforts, increases credit to businesses looking to export, and continues to improve efforts to remove trade barriers for U.S. companies in foreign markets.

Locke also announced the department’s CommerceConnect Gulf Coast initiative to support economic development following the BP/Deepwater Horizon oil spill, and highlighted a forthcoming announcement from the Department’s Economic Development Administration of grants to the region totaling $1.85 million. Cross-trained CommerceConnect staff – in collaboration with state and local partners – can assist Gulf Coast businesses no matter where they are in their life cycle, whether just getting off the ground or looking to expand into overseas markets, providing a one-stop connection to business assistance that can help firms compete in the global economy. 

Commerce Department to Deploy Economic Assessment Teams to Six Northeast Fishing Ports

The U.S. Commerce Department announced today that economic development assessment teams will deploy next month to conduct a two-day analysis of six Northeast fishing communities. The teams will visit Portland, Maine, Seabrook, N.H., New Bedford, Mass., Gloucester, Mass., Point Judith, R.I., and Montauk, N.Y. The assessment teams will conduct meetings with local leaders to help identify economic development challenges and opportunities facing local industries and communities. 

“The Department of Commerce is committed to supporting a vibrant and profitable fishing industry in the United States. The assessment teams will help communities identify and begin to address the economic difficulties they are facing,” Commerce Secretary Gary Locke said. “We know that by rebuilding stocks, we will improve economic conditions for fishermen and coastal communities, but we recognize that transition is difficult. We are committed to help identify proactive solutions during these challenging economic times.”

“Supporting fishermen and fishing communities with economic assessment and planning assistance is a top priority for the Department of Commerce and the administration,” said Brian McGowan, Deputy Assistant Secretary of Commerce for Economic Development. “The Northeast economic development assessment teams will play an important role in providing technical expertise to local leaders as they develop strategies to increase economic and job opportunities.”

The goal of the visits is to provide customized technical assistance for fishing communities that experienced  reductions in groundfish fishing revenues in recent years.  The Economic Development Administration (EDA), in partnership with other federal agencies, will meet with local leaders to assess current and emerging economic issues. EDA, with the assistance of the U.S. Commerce Department’s National Oceanic and Atmospheric Administration (NOAA), evaluated economic and fisheries industry data, including groundfish landing revenues and the percentage of groundfish landed at a port relative to the state totals, in order to select ports for the interagency assessments.

Secretary Locke Joined President Obama for First Meeting of the President's Council on Jobs and Competitiveness

President Barack Obama meets with the members of the President’s Council on Jobs and Competitiveness in the Eisenhower Executive Office Building, Feb. 24, 2011. From left are; General Electric CEO Jeffrey Immelt, chair of the Council on Jobs and Competitiveness; President Obama; Chief of Staff Bill Daley; and AFL-CIO President Richard Trumka. (Official White House Photo by Pete Souza)

Today, Secretary Locke joined President Obama at the White House for the first meeting of the President’s Council on Jobs and Competitiveness. Today’s meeting served as a forum on how to continue the dialogue between government and the private sector. The Council is focused on finding new ways to promote growth by investing in American business to encourage hiring, to educate and train our workers to compete globally, and to attract the best jobs and businesses to the United States. The Council’s members represent various sectors of the economy, bringing diverse perspectives on how the government can best promote growth, spark innovation, create new jobs, and invest in American competiveness so we can out-compete the rest of the world.  As part of the effort to bring diverse perspectives to the table, two of the Council Members are small business owners, representing the critical role small businesses play as the backbone of our economy and in securing America’s future prosperity.

The President and Secretary Locke talked with the Council about:

  • Helping entrepreneurs get the financing they need to get started and helping existing business owners get the financing they need to expand their businesses,
  • Ensuring that our workforce is equipped with the skills they need to out-compete the rest of the world,
  • And bolstering job growth at home by promoting American exports across the globe, especially in 21st century industries like clean energy.

See more in this White House blog post.

Secretary Locke Kicks Off 'Compete to Win' Address Series in Columbus

Locke at podium with large projection screen behind him

U.S. Commerce Secretary Gary Locke traveled to Columbus, OH, today to deliver the keynote address at the 2011 Columbus Chamber of Commerce Annual Meeting.  This event launches Locke’s “Compete to Win” address series – an ongoing outreach effort to Chambers of Commerce across the country in which Locke will listen to the ideas and concerns of members of the business community and highlight Obama administration economic policies that are designed to spur growth and support job creation.

During his address, Locke highlighted President Obama’s plans to strengthen the economic recovery, create jobs, help businesses succeed, and position America to win the future by out-innovating, out-educating and out-building our global competition.  He specifically discussed the administration’s focus on infrastructure and research and development investments, tax code reform and export promotion as top priorities that will help American businesses become more innovative, more competitive and more successful.  Locke also talked about Columbus’ own regional economic development strategy, Columbus2020!, and how administration policies will support and complement this initiative.   
 
Locke is scheduled to address the Dallas Regional Chamber on March 8 and the Metropolitan Milwaukee Association of Commerce on April 12.  Remarks

Startup America Kickoff at the White House

Secretary Locke participated in the White House launch of the “Startup America” initiative today in Washington, D.C. with U.S. Department of Energy Secretary Steven Chu, Small Business Administration Administrator Karen Mills, Director of the National Economic Council Gene Sperling, Chairman of the Council of Economic Advisors Austan Goolsbee, and a number of America’s top entrepreneurs and business leaders.

“Startup America” is a national campaign to promote high-growth entrepreneurship across the country with new initiatives to help encourage private sector investment in job-creating startups and small firms, accelerate breakthrough research, and address barriers to success for entrepreneurs and small businesses. The launch follows President Obama’s State of the Union commitment to winning the future by out-innovating, out-educating, and out-building the rest of the world.

To support this effort, the Department of Commerce plans to build on the success of last year’s inaugural i6 Challenge with i6 Green, a second competition this year focused on both regional economic development and environmental sustainability. The program aims to accelerate technology-led economic development in pursuit of a vibrant, innovative clean economy. The department is also developing the Three Track program at the U.S. Patent and Trademark Office, which would give innovators more control over application processing and support a more efficient market for innovation.  

Today’s event was one of a number of events the White House will hold this week to focus on innovation and how we can create the jobs and industries of the future by investing in the creativity and imagination of the American people. Learn more about Startup America by viewing the complete fact sheet, and learn about the independent and private-sector led campaign to mobilize private-sector commitments at Startup America Partnerships.  |  Remarks

Secretary Locke visits Arc Energy in Nashua, New Hampshire

Secretary Locke speaks during a question and answer session

Yesterday, Secretary Gary Locke traveled to New Hampshire and met with regional business leaders and toured Arc Energy, a renewable energy equipment manufacturer that specializes in solid state lighting technologies.

One day after President Obama delivered his State of the Union address, Locke reinforced the importance of strengthening America’s competitiveness by out-innovating, out-educating and out-building the rest of the world.  He discussed how a more competitive America will help rebuild the economy, create more jobs and prepare the country for challenges ahead.

Locke also discussed how the recently-passed tax cut package, which reduces the payroll tax, expands the Earned Income Tax Credit and allows businesses to temporarily expense 100% of their capital investments in 2011, benefits companies like Arc Energy.  The tax cuts package provides tax relief to 800,000 people in New Hampshire and extends unemployment benefits to 12,627 residents whose benefits would have otherwise expired.

Arc Energy develops cutting-edge technologies that substantially reduce the cost of LED lighting.  It exports products to several countries, including China and Korea, and has signed multiple contracts worth several hundred million dollars in 2011.  President Obama visited Arc one year ago and since then the manufacturer has experienced significant growth – expanding its workforce by 300 percent.  Because of the industry’s expansive supply chain, for every person Arc Energy hires, roughly four to five additional jobs are created elsewhere in the United States.