Today, U.S. Secretary of Commerce Gina Raimondo announced six new grant awards designed to create or sustain high-quality export jobs across the U.S. in key industries. The Market Development Cooperator Program (MDCP), which is administered by Commerce’s International Trade Administration, is awarding more than $1.7 million in financial and technical assistance to promote U.S. exports and reduce...

Additional funding from Biden Administration brings total up to $37 million to bolster services that will help minority-owned businesses expand and prosper across 34 states Today, U.S. Secretary of Commerce Gina Raimondo announced that the U.S. Department of Commerce Minority Business Development Agency (MBDA) is extending an award for $4.72 million in federal funding to strengthen and expand its...

Today, Secretary of Commerce Gina Raimondo met with Australian Minister for Foreign Affairs Penny Wong in New York City. During their meeting, the Secretary emphasized the importance of the United States’ and Australia’s partnership and shared interest in a free and open Indo-Pacific region. She and Minister Wong also discussed Australia’s current foreign policy priorities. Raimondo thanked Wong...

The U.S. Department of Commerce Minority Business Development Agency (MBDA) has extended awards for the Access to Capital Innovative Finance Grant to two projects that will address historical barriers faced by minority business enterprises (MBEs). Through potentially disruptive, scalable solutions, these projects will leverage non-traditional financial resources (such as non-bank lenders, minority...

Today, U.S. Secretary of Commerce Gina Raimondo met with Philippine Secretary of Trade and Industry Alfredo Pascual to follow up on the first official in-person Ministerial meeting of the Indo-Pacific Economic Framework for Prosperity (IPEF). Secretary Raimondo expressed her gratitude for the Philippine government’s collaborative involvement in the processes leading up to and emerging from the...

DOT Will Host Business Forum to Improve Access to Capital and Resources in the Bipartisan Infrastructure Law Today, the USDOT Office of Small and Disadvantaged Business Utilization (OSDBU), the U.S. Small Business Administration (SBA), and the U.S. Department of Commerce Minority Business Development Agency (MBDA) announced partnerships to help small and disadvantaged businesses access the...

Leadership team will guide implementation of historic semiconductor funding from CHIPS and Science Act of 2022 Today, the Biden-Harris Administration announced leadership for the newly-established CHIPS for America offices. These roles will be housed at the White House and the U.S. Department of Commerce. The announcements include executives experienced in large-scale program management, finance...

“Hurricane Maria wrought devastation upon Puerto Rico five years ago. As we approach this solemn anniversary, Puerto Rico is once again sustaining severe weather, this time from Hurricane Fiona. The storm has caused disastrous, life-threatening flooding and left the archipelago completely without power. The Biden Administration has acted swiftly in issuing an emergency declaration for Puerto Rico...