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Outdoor Recreation Industry Grew 3.9% in 2017: Boating and Fishing Industry Leads Growth

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The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. outdoor recreation economy accounted for 2.2 percent ($427.2 billion) of current-dollar gross domestic product (GDP) in 2017 according to statistics released today by the Bureau of Economic Analysis. The Outdoor Recreation Satellite Account (ORSA) also shows that inflation-adjusted (real) GDP for the outdoor...

Business Incentives Continue to Play a Key Role in U.S. FDI Leadership

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The following is a cross-post from Tradeology , the official blog of the International Trade Administration (ITA) Global companies are drawn to the United States for many reasons: a highly productive and educated workforce, low-cost supply of energy, direct access to the world’s most robust capital markets, and much more . But how much of our nation’s continued success in this arena should be...

U.S. Current Account Deficit Narrows in Second Quarter 2019

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The following is a cross-post from the Bureau of Economic Analysis (BEA) The U.S. current account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $8.0 billion, or 5.9 percent, to $128.2 billion in the second quarter of 2019. The narrowing mainly reflected an expanded surplus on...

U.S. Census Bureau Celebrates Role in U.S. Constitution that Requires a Census Count of Everyone in the United States

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The following is a cross-post from the U.S. Census Bureau Article I, Section II of the U.S. Constitution mandates a population count of the U.S. every 10 years. Today, the U.S. Census Bureau celebrated its role in the Constitution at events in Philadelphia next to Independence Hall to educate the public about the importance of the upcoming 2020 Census. “The Census Bureau is well on its way to...

How 11 Million Minority-Owned Firms Can Close the Wealth Gap and Drive the U.S. Economy

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The following is a cross-post from the Minority Business Development Agency (MBDA) The U.S. Department of Commerce, Minority Business Development Agency (MBDA), in collaboration with the Milken Institute, convened prominent scholars, economists and business leaders to combine research efforts in support of the growth and expansion of minority business enterprises (MBEs). Fifty years after the...

Census Bureau Launches Updated 2020 Census Website

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The U.S. Census Bureau recently launched a new version of 2020census.gov. The new website adds features, resources and materials to help inform the public about the 2020 Census. The site includes dozens of new Statistics in Schools materials, a new webpage to share facts about the 2020 Census, information on applying for jobs , and frequently asked questions (FAQs). The new Statistics in Schools...

Spotlight on Commerce: Catalina Martinez, Regional Program Manager, National Oceanic and Atmospheric Administration (NOAA)

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Growing up in a hardworking, traditional Cuban family of little means, I was pulled out of school often as a child to help care for my sick grandmother and to work to help the family in other ways. My grandparents believed that girls didn’t need an education, and that only boys should go to school. Thankfully, I grew up in a very diverse community, so I knew there was more out there for girls than...

First-generation Professionals Bring "Cultural Competence" to the Workforce

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Posted with permission from cyberFEDS The Department of Commerce is trying to expand the diversity and inclusion conversation with a "cutting edge initiative" to ensure socioeconomic status is considered along with traditional diversity dimensions such as race, ethnicity, gender, and national origin, Tinisha Agramonte, director of the Commerce Department's Office of Civil Rights, told cyberFEDS....