The $300 million of technical assistance includes $100 million for the U.S. Department of Commerce’s Minority Business Development Agency to provide technical assistance to underserved entrepreneurs seeking greater access to capital, including venture capital financing. Today, the U.S. Department of the Treasury (Treasury) announced plans to deploy $300 million of State Small Business Credit...

Today, the U.S. Department of Commerce and the Biden-Harris Administration joined 60 global partners in launching The Declaration for the Future of the Internet, recommitting to the vision of the global Internet as a platform for openness and innovation, while promoting and protecting human rights. “The goal of reliable, interoperable, and secure internet worldwide is central to the work we are...

Today, Secretary of Commerce Gina M. Raimondo met with Indonesian Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan to discuss the U.S.-Indonesia commercial relationship, the Indo-Pacific Economic Framework, as well as the upcoming Clean EDGE trade mission led by the Department’s International Trade Administration, which will have an official mission stop in Jakarta in...

Today, Secretary of Commerce Gina M. Raimondo met with the United States Travel and Tourism Advisory Board (Board) to provide an overview of the new National Travel and Tourism Strategy (Strategy), expected to be released in early June. She thanked the Board for its work in this area – in particular, recommending a new five-year international visitation and spending goal that was adopted by the...

Today, U.S. Secretary of Commerce Gina M. Raimondo announced a Department Administrative Order (DAO), directing the Department to integrate climate considerations into its policies, strategic planning, and programs. This historic DAO also establishes the Department of Commerce Climate Council to coordinate and oversee the implementation of this DAO, as well as provide specific recommendations to...

Today, Secretary Gina M. Raimondo met with European Commission Executive Vice President Valdis Dombrovskis to discuss U.S.-EU cooperation on imposing costs on Russia in response to its unlawful invasion of Ukraine. They also discussed progress made within the U.S.-EU Trade and Technology Council’s (TTC) working groups ahead of the TTC Ministerial in France on May 15-16. Secretary Raimondo stated...

Today, Bureau of Industry and Security (BIS) Assistant Secretary for Export Enforcement Matthew S. Axelrod issued an order temporarily denying all export privileges for the Russian cargo aircraft carrier Aviastar due to ongoing violations of the comprehensive export controls imposed on Russia by the Commerce Department. Headquartered in Moscow, Aviastar provides a variety of cargo services to...

Today, Secretary of Commerce Gina M. Raimondo met with Singapore Minister of Finance Lawrence Wong to follow up on developments since Prime Minister Lee Hsien Loong’s visit to the United States in March. During their meeting, Secretary Raimondo and Minister Wong shared views on the U.S.-Singapore bilateral commercial relationship, the Indo-Pacific Economic Framework, and the global business...