Receives 460 Statements of Interest from Companies Across 42 States to Manufacture Semiconductors in America One year ago today, President Biden signed the bipartisan CHIPS and Science Act as part of his Investing in America agenda . The Department of Commerce oversees $50 billion to revitalize the domestic semiconductor industry and bring supply chains back to the U.S., including $39 billion for...

Today, the Department of Commerce’s National Telecommunications and Information Administration (NTIA) awarded nearly $5.5 million in the first round of grants from the Public Wireless Supply Chain Innovation Fund . The $1.5 billion Wireless Innovation Fund supports the development of open and interoperable wireless networks as part of the Biden-Harris Administration’s Investing in America agenda...

The Capital Readiness Program represents the Commerce Department’s largest investment in support of underserved entrepreneurs. Today, Vice President Harris announced the recommended awardees for the MBDA Capital Readiness Program. The Capital Readiness Program is a $125 million technical assistance program to help underserved entrepreneurs grow and scale their businesses. Once final awards are...

Last week, Secretary of Commerce Gina Raimondo joined Under Secretary of Commerce for Intellectual Property and Director of the USPTO Kathi Vidal at Hanscom Air Force Base, Massachusetts, for an Entrepreneurship Essentials Workshop and Resource Fair . Over 100 military personnel, military spouses, and veterans attended in-person, with hundreds more online, as they heard from experts in business...

Yesterday, U.S. Commerce Secretary Gina Raimondo joined a virtual discussion with Handshake, the largest Gen Z jobs platform, and called on students of every level of education to pursue careers in the semiconductor manufacturing and related industries. Because of the need for chips and the current labor shortage in this critical industry, the Biden Administration remains committed to revitalizing...

Secretary Gina Raimondo met with Panama’s National Secretary of Science, Dr. Eduardo Ortega-Barria and Minister of Commerce and Industry Federico Alfaro to explore how to promote a competitive business environment that achieves social and economic goals. They highlighted opportunities for collaboration in the semiconductor sector to diversify and strengthen supply chains. The leaders also explored...

Attorney General Merrick B. Garland hosted Secretary of Commerce Gina Raimondo and European Commissioner for Justice Didier Reynders for a meeting at the Justice Department today marking the European Union (EU)’s recognition of the adequacy of the EU-U.S. Data Privacy Framework (DPF). “The DPF is a testament to the strength of the U.S.-EU relationship, and it reflects our joint commitment to...

Today, the Department of Commerce and NOAA are launching the Ocean-Based Climate Resilience Accelerators program , a $60 million investment in coastal resilience and American small businesses through President Biden’s Investing in America agenda. The program, funded by the Inflation Reduction Act , will foster public-private partnerships to help support small businesses that are developing...