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Blog Category: Jobs

Federal Investments Catalyzing the Growth of the Critical, Job-Creating St. Louis Biosciences Cluster

Guest blog by Matthew S. Erskine, U.S. Deputy Assistant Secretary of Commerce for Economic Development

Today, I was pleased to join St. Louis Mayor Francis Slay and colleagues from the U.S. Small Business Administration (SBA) and the Department of Labor’s Employment and Training Administration (DOL/ETA) at an event to spotlight federal investments that are catalyzing the growth of the critical, job-creating St. Louis biosciences cluster.

The day was focused on the partnership between the St. Louis County Economic Council, the St. Louis Agency on Training and Employment, and the St. Louis Minority Supplier Development Council to establish the St. Louis Biosciences Jobs and Innovation Accelerator project.

With more than $1.8 million in federal investment, including $702,765 from EDA, $973,015 from SBA, and $150,000 from the DOL/ETA, this project will work to accelerate the growth of the region’s biosciences cluster and spur the formation of new companies and associated job creation.

EDA’s funding for the project will bring early-stage technologies into the commercialization pipeline by addressing identified gaps and challenges, including access to a skilled workforce of experienced entrepreneurs that are needed to enable companies to grow.

President Obama Meets with the Council on Jobs and Competitiveness

Cross post to the White House Blog

Today, President Obama convened a meeting of the Council on Jobs and Competitiveness, a group of 27 leaders from business, labor and academia tasked with providing the President advice on strengthening our nation’s economy.

Since its first meeting about a year ago, the Council has put forward a host of recommendations that foster growth, competitiveness, innovation, and job creation, both now and for the future. Of the 35 specific recommendations the Council has made that don’t require legislative action, President Obama has taken action on 33 of them and his administration has already implemented 16.

Some of the implemented recommendations include proposing new tax rules that encourage businesses to invest and create jobs in the United States instead of overseas, expediting job-creating infrastructure projects across the country, eliminating inefficient and burdensome federal regulations, and streamlining government.

At today’s meeting, President Obama praised the Jobs Council for the work they are doing to help our country move forward.

"I recognize a lot of these issues are difficult. They’ve proven challenging for decades. The good news is on each of these fronts we’ve made progress this year. I feel confident in being able to say that every one of the agencies in this government has been focused on how do they improve, get smarter, get better, get faster, become more focused on delivering good value to the end user. And I believe that we’ve made genuine progress on all these fronts. We would not have made this progress without this Jobs Council."

The Jobs Council released a new report in advance of today's meeting that details recommendations to improve our nation's long-term competitiveness by investing in our education system, building on our strengths in manufacturing and energy, and reforming our regulatory and corporate tax systems. Read the full report here.

Acting Deputy Secretary Blank Tours CES Promoting American Innovation and Competitiveness

Acting Deputy Secretary Blank and Dean Kamen Listen on a Panel

On Thursday, Acting Deputy Commerce Secretary Rebecca Blank visited the Consumer Electronics Show in Las Vegas, where she delivered opening remarks and participated in a panel discussion. The panel, titled “Getting Us Back on Track: How Technology and Innovation Can Save America” focused on the integral role innovation and technology play to the U.S. economy.

Blank said, “Innovation is crucial to the economy.  And while private citizens and private businesses are the primary source of new ideas—from concept to commercialization—the government plays a key role in this effort. The returns in new jobs and new technologies have traditionally far exceeded the money invested on the front end by the federal government.”

Referencing the recently released COMPETES report, Blank stated, “Only with a laser-sharp focus on education, innovation and infrastructure, will we build the basis for a 21st century economy that allows American businesses to flourish in an increasingly competitive global market. And only when American businesses flourish will we see the sort of job growth and income growth that assures economic opportunity to middle class Americans.”

Also while at the show, Blank toured the International Trade Agency’s International Buyer Program’s International Commerce Center and met domestic and foreign commercial service officers who assist American businesses in exporting. Afterwards, she presented an Export Achievement Award to Meridrew Enterprises. Meridrew Enterprises is a small, woman-owned company that is an industry leader in high performance screen cleaning technology. Their products have been used on the windows of the Space Shuttle and International Space Station.

Insourcing American Jobs Forum at the White House

President Obama at the Insourcing American Jobs Forum (WH photo)

Cross post to the White House Blog

At today's "Insourcing American Jobs" forum, President Obama talked about his hope for the future:

I don’t want America to be a nation that’s primarily known for financial speculation and racking up debt buying stuff from other nations. I want us to be known for making and selling products all over the world stamped with three proud words:  “Made in America.”  And we can make that happen.

I don’t want the next generation of manufacturing jobs taking root in countries like China or Germany. I want them taking root in places like Michigan and Ohio and Virginia and North Carolina. And that’s a race that America can win. 

There are signs that the country might be moving closer to that vision, and the President is hard at work to help deliver it.

"[My] message to business leaders today is simple: ask yourselves what you can do to bring jobs back to the country that made our success possible," the President said. "And I'm going to do everything in my power to help you do it. We're going to have to seize this moment."

Learn more:

Brundage Post: Resurgence of the American Auto Industry

Cross post blog by Amy Brundage, White House Deputy Press Secretary for the Economy

Yesterday, the North American International Auto Show kicked off in Detroit, with companies unveiling their new vehicles and folks eager to get their first peek. Transportation Secretary Ray LaHood was on hand for the opening events, and Commerce Secretary John Bryson, Energy Secretary Steven Chu, EPA Administrator Lisa Jackson, and the Labor Department’s Director Office of Recovery for Auto Communities and Workers Jay Williams are all taking part in auto show activities this week.

The auto industry had a strong year in 2011. It’s easy to forget, but just a few years ago many people doubted whether there would even be an American auto industry in 2011.

When President Obama took office, we faced the worst recession since the Great Depression, and the American auto industry was hit hard. Hundreds of thousands of jobs were lost in the auto industry, and entire communities that depended on a dealership or a parts manufacturer were affected.

Both GM and Chrysler faced the stark choice of seeking government support or facing almost certain uncontrolled liquidations, which would have had a ripple effect across the industry, causing at least one million more jobs to be lost. The President refused to let that happen.

In the face of stiff opposition, the president made a tough choice to help provide the auto industry the temporary support it needed to rebuild their companies and get moving again. This was a difficult decision, and came with significant risk. But the president was not willing to walk away from these workers and this great American industry.

Obama Administration Invests $2 Million to Spur Advanced Manufacturing in South Central Kansas

Assistant Secretary Fernandez participates in roundtable discussion at Wichita State University

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

The Obama administration recently announced a $2 million Jobs and Innovation Accelerator Challenge award to the Center for Innovation and Enterprise Engagement to support the south central Kansas region’s efforts to jumpstart advanced manufacturing and create the jobs of the future. The $37 million Jobs Accelerator competition leverages funding from three federal agencies and technical assistance from 13 additional agencies to support the development of 20 high-growth industry clusters across the country. Funding for workforce training and technical assistance is provided by the Department of Labor’s Employment and Training Administration (ETA), the Department of Commerce’s Economic Development Administration (EDA), and the Small Business Administration (SBA).

Two manufacturing industries—wind turbine and medical equipment—are specific targets of the initiative being led by Wichita State University. The effort encourages the migration of technology into the region’s economy to develop composite and advanced materials products and processes and bring with it new, high-paying jobs. But other opportunities will undoubtedly come from exploitation by other industries of the composite materials sector in the region.

The investment will help assure that south central Kansas will remain a dynamic center of manufacturing and a generator of jobs for years to come.

EDA Investments and Programs Help Strengthen America’s Economic Ecosystem, Create Jobs

i6 Challenge logo

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John R. Fernandez

With the private sector creating more than three million new jobs over the last 21 months, and nine straight quarters of positive GDP growth, the U.S. economy is showing signs of recovery. But with millions of people across the nation still unemployed, there is nothing more important right now than working to accelerate business development and job growth.

In the 2011 fiscal year, Commerce's U.S. Economic Development Administration (EDA) continued its important work of investing in competitive projects across the country that are spurring innovation at the regional level, helping to create jobs, and mitigating the effects of natural and man-made disasters.

Commerce’s EDA Investing to Strengthen Tennessee Businesses and Grow Nashville’s Hospitality Industry

Workers prepare to reconstruct flooded road (File photo: National Park Service)

Guest blog post by U.S. Assistant Secretary of Commerce for Economic Development John Fernandez

Between March and May of 2010, severe storms and floods devastated many parts of Tennessee, Kentucky, Nebraska and Rhode Island. While Commerce’s Economic Development Administration (EDA) is not a first responder to such disasters, the agency quickly got to work assessing the damage and connecting with local leaders regarding their needs as they began to pick up the pieces and rebuild. Recognizing the critical role that EDA can play for these communities, Congress provided $49 million in supplemental funding for EDA to award to these states to help them in their recovery efforts.

Last week, businesses in Tennessee got some good holiday news, when EDA announced its investment of $5.8 million to help build critical infrastructure to support Tennessee businesses and jobs and to develop a strategic marketing strategy to grow the Nashville hospitality sector following the floods of 2010.

These grants will assist in Tennessee’s recovery and redevelopment efforts by funding the necessary improvements that will ensure the resilience of physical and economic infrastructure and include:

  • $2 million to the Jackson Energy Authority to build core sewer infrastructure to protect major regional employers, including the Jackson-Madison Hospital and numerous industrial and manufacturing businesses, from flooding. The project is expected to result in the retention of 9,690 jobs, according to grantee estimates;
  • $1.49 million to the city of Dyersburg to help build an elevated water storage tank that will improve water capacity for manufacturing and industrial businesses and will serve new tracts of land being developed outside of the flood plain to accommodate business needs. The project is expected to save 433 jobs, create 200 jobs and generate $4 million in private investment, according to grantee estimates;
  • $1.3 million to Conexion Americas of Nashville to help build the Casa Azafran Community Center, which will provide expanded business startup or expansion assistance to Latino small business owners and aspiring entrepreneurs;
  • $1 million to the Nashville Convention & Visitors Bureau to implement a regional marketing strategy that will support the city’s economic recovery by promoting the hospitality industry, which lost hundreds of millions of dollars in the wake of the flooding that impacted the city in 2010.

In announcing the grant, U.S. Commerce Secretary John Bryson said “The Obama administration is committed to helping communities impacted by natural disasters rebuild stronger and smarter to protect businesses and jobs. These critical EDA investments will provide the infrastructure needed to help keep businesses running and workers productive in the event of future floods, expand vital business assistance to Nashville’s Latino community and help Nashville revitalize its critical hospitality sector to create new jobs.”

In May 2010, President Obama signed the Tennessee Disaster Declaration and ordered Federal aid to supplement state and local recovery efforts in the area struck by severe storms, flooding, straight-line winds, and tornadoes beginning on April 30, 2010, and continuing. The president's action made Federal funding available to help individuals and business owners recover from the effects of the disaster.

Secretary Bryson: "Build it Here, Sell it Everywhere"

Bryson, gesturing during Chamber remarks, on podium (photo: U.S. Chamber of Commerce)

U.S. Commerce Secretary John Bryson today laid out his vision for how the Department of Commerce can best partner with the business community to support the president’s jobs agenda at a speech at the U.S. Chamber of Commerce. In his remarks, Bryson outlined his top three priorities to help American businesses "build it here and sell it everywhere," focusing on supporting advanced manufacturing, increasing our exports, and attracting more investment to America from all over the world. The former Chairman and CEO of Edison International, Bryson also served as a director on the boards of Boeing and the Walt Disney Company, and as a senior advisor to the private equity firm KKR, and he spoke about his experiences in the private sector and how the Department of Commerce is uniquely situated to support job creation.

“At the Commerce Department, we aren’t waiting to act. . . .We have a major role to play at this critical time to support job creation in America. We have an array of tools to help make our businesses more innovative, more efficient, and more competitive around the world,” he said. “I want to know how this administration and the Commerce Department can best help you. From these conversations, my discussions with the president and my own personal experience, I will prioritize one simple imperative. . . to help American businesses build it here and sell it everywhere.”

The Secretary's remarks at the Chamber marked his first major address, laying out his vision for the Department, focusing on manufacturing, exports and investing in America. Read about the new or recently announced Commerce Department initiatives to support these prioritiesPress release  |  Remarks | Video

President Obama Names Commerce Secretary John Bryson as Co-Chair of White House Office of Manufacturing Policy

President Obama today announced that Secretary John Bryson would join National Economic Council Director Gene Sperling as co-chair of the White House Office of Manufacturing Policy. The Office of Manufacturing Policy is part of the National Economic Council in the White House and works across federal government agencies to coordinate the execution of manufacturing programs and the development of manufacturing policy.

“At this make or break time for the middle class and our economy, we need a strong manufacturing sector that will put Americans back to work making products stamped with three proud words: Made in America,” said President Obama. “I am grateful that Secretary Bryson and Gene Sperling will head up this office to continue our efforts to revitalize this great American industry and fight for American workers and jobs.”

“John Bryson brings to this role decades of business leadership, a passion for manufacturing, and a strong understanding of its importance for jobs and our nation's economic competitiveness. He will play a key leadership role for the president and his economic team on these critical issues,” said Gene Sperling.

“Supporting the manufacturing sector will further our ability to innovate at home and compete around the world while generating more high-wage American jobs,” Secretary Bryson said. “Since day one, President Obama has been focused on supporting the entire United States manufacturing sector but especially small- and medium-sized businesses on the cutting edge of advanced manufacturing. We are introducing an ‘all hands on deck’ approach that coordinates all of our assets - public and private, federal, state, and regional.”

The White House Office of Manufacturing Policy will convene Cabinet-level meetings to aggressively implement the administration’s priority manufacturing initiatives. Release