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Investing in communities and workers

Sustained, locally-driven investment in community assets needed by businesses will result in high-quality jobs, greater investments, and increased prosperity. We will support local efforts to create and implement viable strategies to build community and regional capacity for job growth.

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Op-Ed by Commerce Secretary Wilbur L. Ross: Three Tennessee Communities will Receive Opportunity Zone Grants

Op-eds
On Monday, the U.S. Department of Commerce’s Economic Development Administration (EDA) will award three grants totaling $5.1 million to fund construction of infrastructure to support new facilities and hundreds of jobs located in Opportunity Zones in the state of Tennessee. These grants mark an important milestone, as EDA has now surpassed $500 million in investments into Opportunity Zones across...

Op-Ed by Commerce Secretary Wilbur L. Ross: U.S. Department of Commerce Invests to Keep Pa. Businesses Safely Open

Op-eds
Under President Donald J. Trump’s leadership, the U.S. Department of Commerce is working around the clock to grow our economy and support local efforts to keep businesses open and workers and customers safe during these challenging times. Today, as part of these efforts, the department’s Economic Development Administration (EDA) is awarding $35.5 million in Recovery Assistance grants that will...

Op-Ed by Wilbur Ross and Eugene Scalia: America's broad-based effort to get workers better jobs

Op-eds
Last week, the Ad Council and some of the nation’s leading companies launched an advertising campaign that reflects a promising change in how employers view the training and credentials American workers need to land a job. Called “Find Something New,” the campaign is led by the Ad Council, Apple and IBM, and more than 200 other respected companies and organizations. It’s an outgrowth of the...

Remarks by U.S. Commerce Secretary Wilbur L. Ross at the America Makes – National Additive and Manufacturing Innovation Institute, Youngstown, Ohio

Speeches
Introduced by Guy Coviello, Foundation President, Youngstown Warren Regional Chamber of Commerce. Thank you, Guy, for that kind introduction, and for hosting us here at America Makes, the National Additive, and Manufacturing Innovation Institute. I am extremely pleased to witness the ingenuity and discovery that is taking place in the heart of downtown Youngstown. It is reflective of this state’s...

Commerce Department Invests $10 Million in Florida to Support Business Recovery Efforts and Advanced Manufacturing

Press releases
FORT PIERCE, FL – Today, U.S. Secretary of Commerce Wilbur Ross announced $10 million in Economic Development Administration (EDA) grants to the state of Florida during a visit to Indian River State College (IRSC) in Ft. Pierce. The two EDA grants will help recovering businesses gain access to capital and will fund the construction of a new IRSC worker training facility to bolster the region’s...

Remarks by Commerce Secretary Wilbur L. Ross at the 5th American Workforce Policy Advisory Board Meeting

Speeches
Thank you, Ivanka, for your dedication to America’s workers and for shepherding this initiative over the past year. And thank you for leading this timely and important call. We greatly appreciate the Board members’ desire to contribute immediately to the nation’s economic recovery policy discussions and not wait until our next scheduled meeting for late June. We also thank the Board Members who...

Op-Ed by Commerce Secretary Wilbur L. Ross: 3 Factors Why This Economic Bounceback Won't Mirror 2008

Op-eds
In just a short few months, the coronavirus has stolen 90,000 precious American lives and upended our nation’s economy from one of its best performances in history with the fastest drops in employment and activity in generations. The temporary, but severe economic pain brought about by the response to COVID-19 has had a purpose: the sacrifices being made by our workers, families, and businesses...

U.S. Secretary of Commerce Wilbur Ross Praises Plans by Taiwan Semiconductor Manufacturing Company (TSMC) to Build Semiconductor Facility in Arizona

Press releases
U.S. Secretary of Commerce Wilbur Ross praised today’s announcement by Taiwan Semiconductor Manufacturing Company (TSMC) of plans to invest approximately $12 billion to construct a new 5-nanometer semiconductor production facility in Arizona. This manufacturing facility will be one of only two of its kind globally capable of producing the world’s most advanced semiconductors. TSMC’s planned...

Spotlight on Commerce: Son Lam, Management Analyst and Contracting Officer’s Representative, U.S. Economic Development Administration

Blog
Post by Son Lam, Management Analyst and Contracting Officer’s Representative, U.S. Economic Development Administration My name is Son Lam and I am a Management Analyst and Contracting Officer’s Representative for the Commerce Department’s U.S. Economic Development Administration (EDA). I work in the Office of Finance and Management Services (OFMS) and I am responsible for all contracting actions...