U.S. Department of Commerce Outlines $1.6 Billion in Proposed Funding to Support Multiple Projects in Texas and Utah to Increase Production of Chips Vital for U.S. Economic and National Security Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Texas Instruments (TI) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $1.6...

Today, the U.S. Department of Commerce announced it will hold, with the Council on Foreign Relations, a Supply Chain Summit in Washington, D.C. on September 10, 2024. The Supply Chain Summit will explore efforts taken by government and industry to shift from reacting to global supply chain disruptions to proactively strengthening supply chain resilience. The Summit will gather leaders from...

A collaborative agreement for use of NOAA satellites will help the Interior and Agriculture Departments detect wildfires early, track wildfires in real time, and provide data for public safety and air quality modeling The Biden-Harris Administration today announced it is taking additional steps to safeguard western communities in the face of increasingly dangerous and intense wildland fires by...

Today, U.S. Secretary of Commerce Gina Raimondo and EU Commissioner for Justice and Consumers Didier Reynders made the following statement regarding the first periodic review of the EU-U.S. Data Privacy Framework: Representatives from the United States Government, the European Commission, and EU data protection authorities are meeting in Washington D.C. on July 18 and 19 to conduct the first...

Since it was founded in 1969 by President Nixon, the Minority Business Development Agency (MBDA) has been committed to its mission of promoting the growth of minority business enterprises through the mobilization and advancement of public and private sector programs, policy, and research. This mission is grounded in the knowledge that achieving the full potential of the U.S. economy requires that...

Today, U.S. Department of Commerce Secretary Gina Raimondo and Korean Minister of Trade, Industry, and Energy (MOTIE) Ahn Duk-geun held the second United States-Korea Supply Chain and Commercial Dialogue (SCCD) Ministerial Meeting. The Secretary and Minister reviewed progress made to date between Commerce and MOTIE to deepen bilateral economic and commercial cooperation between the countries...

Yesterday, SelectUSA’s 10th Investment Summit came to a close, marking the largest Investment Summit in SelectUSA history, with over 5,000 attendees spanning 96 international markets and, for the first time, all 56 U.S. states and territories represented. “This year’s SelectUSA Investment Summit demonstrated why the United States remains the top destination for foreign direct investment for twelve...

Today, U.S. Secretary of Commerce Gina Raimondo and Japanese Minister of Economy, Trade, and Industry Ken Saito held a ministerial meeting of the Japan-United States Commercial and Industrial Partnership (JUCIP). During the meeting, the Secretary and Minister expressed deep concern about the weaponization of economic dependencies as well as the use of non-market policies and practices on certain...