Thank you to those of you in attendance today. Many of you have given your time and ideas over the last several years to help us design the plan for the National Semiconductor Technology Center and the CHIPS Research & Development Programs. A special thanks to members of the CHIPS Industrial Advisory Committee, chaired by Mike Splinter, who put in a tremendous amount of work since forming in the...

Thank you for that introduction. Welcome, everyone, to the Commerce Department. And thank you all for your willingness to serve on this commission. America’s growing and vibrant Hispanic communities are a driving force in our economy. I saw it firsthand during my time as Governor of Rhode Island, where the Hispanic population grew by nearly 40 percent in the last decade. More than 375,000 of our...

U.S. Department of Commerce Outlines Potential Funding of Approximately $35 Million in Support of U.S. Defense Capabilities, Including F-35 Fighter Jet Program Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and BAE Systems Electronic Systems, a business unit of BAE Systems, Inc., have signed a non-binding preliminary memorandum of terms (PMT) to provide...

Today, Deputy Secretary of Commerce Don Graves participated in the inaugural meeting of the White House Council on Supply Chain Resilience. At the event, he highlighted the vital work of Commerce’s Supply Chain Center along with several other key steps the Department is taking to lower costs for American families, strengthen U.S. economic competitiveness, protect U.S. national security, and create...

Earlier this week, Commerce Secretary Gina Raimondo gave virtual remarks at a National Apprenticeship Week event hosted by Metaverse where she underlined the Biden Administration’s commitment to America’s workforce by creating direct pathways to good-paying jobs. “Thanks to President Biden’s Investing in America agenda, the federal government is investing more than a trillion dollars in...

Consumer Confidence on Rise as Americans Make and Spend More Today, the U.S. Commerce Department’s Bureau of Economic Analysis (BEA) reported third quarter real gross domestic product (GDP) increased at an annual rate of 4.9%, exceeding expectations. The increase in GDP is in large part due to Americans spending and making more. Consumer confidence is strong. Today’s report shows consumer spending...

Today, Secretary of Commerce Gina Raimondo and Secretary of Transportation Pete Buttigieg, alongside Chief Economist for the Invest in America Cabinet and Member of the Council of Economic Advisors Heather Boushey, and Deputy Chief of Staff at the National Economic Council Sean Christiansen, updated the Advisory Committee on Supply Chain Competitiveness (ACSCC) on the Biden-Harris Administration’s...

Bidenomics and the President’s Investing in America Agenda are Positioning Regions Across the Country to Lead the Industries of the Future Today, President Biden and Secretary of Commerce Gina Raimondo will announce the designation of 31 communities across the country as Regional Innovation and Technology Hubs (Tech Hubs) through the Department of Commerce Economic Development Administration...

As part of the President’s Investing in America agenda, the U.S. Department of Commerce identified regional centers primed for technological innovation and job creatio n. The Biden-Harris administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), today announced the designation of 31 Tech Hubs in regions across the country. This is the first phase of the...

Eleven years ago today, the United States joined nations around the world in establishing the International Day of the Girl to acknowledge the struggles facing young girls and strengthen their commitment to expanding resources and opportunities to help girls and women succeed and thrive. Today, First Lady Jill Biden hosted an event to honor 15 girls in the U.S. who are leading change by tackling...