Press Releases



Today, U.S. Secretary of Commerce Penny Pritzker announced the first round of grant recipients under the Obama Administration’s Partnership for Opportunity and Workforce and Economic Revitalization (POWER) Initiative. POWER is led by the EDA and aligns the resources of four federal agencies, the Department of Commerce, the Department of Labor, the Small Business Administration, and the...


U.S. Secretary of Commerce Penny Pritzker today issued a series of new fact sheets that demonstrate the positive impact that passage of the Trans-Pacific Partnership (TPP) can have on the U.S. economy. The reports highlight the increased value of U.S. goods and services exports to TPP markets, the number of U.S. jobs supported by these exports, and the value of foreign investment into the United...


As “America’s Data Agency,” the Commerce Department today released a new report drawing on evidence from 10 federal data sets to show that a pay premium exists for workers in manufacturing industries. The report by the Economics and Statistics Administration’s Office of the Chief Economist rebuts criticisms about the existence of a manufacturing pay premium, and based on the evidence, clearly...


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“The rumors of the demise of the U.S. manufacturing industry are greatly exaggerated.” Elon Musk. Elon Musk was probably trying to be clever when he made that quip about American manufacturing. But, that play on Mark Twain’s famous quote only tells half the story. Not only are the rumors of U.S. manufacturing’s demise exaggerated, they are currently a complete fiction.


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