GDP Remains Strong, Wages and Personal Income Continue to Rise Earlier today, the U.S. Labor Department’s Bureau of Labor Statistics (BLS) reported that the U.S. economy added over 275,000 jobs in February – far exceeding expectations. To date, nearly 15 million jobs have been created under President Biden and unemployment has remained under 4 percent—the longest stretch in more than 50 years....

Yesterday, Secretary of Commerce Gina Raimondo met virtually with the Advisory Committee on Supply Chain Competitiveness (Committee) for the first time since being rechartered in November 2023. Secretary Raimondo welcomed new Committee members and thanked current members for renewing their commitment for two additional years. Members received updates from federal government interagency...

Yesterday, Secretary of Commerce Gina Raimondo met with German Vice Chancellor and Minister for Economic Affairs and Climate Action Robert Habeck to advance U.S.-German bilateral commercial relations and strengthen transatlantic ties. During their meeting, the Secretary reiterated Germany’s critical importance to the United States as an ally and commercial partner and discussed opportunities to...

Today, the White House announced the delegation for the Presidential Trade and Investment Mission to the Philippines from March 11-12, 2024. The Honorable Gina Raimondo, Secretary of the United States Department of Commerce, will lead the delegation. Presidential Trade and Investment Mission Delegation: Steven Brown, President, GreenFire Energy, Inc. Sapna Chadha, Vice President, Southeast Asia...

Emphasizes Need to Produce Leading-Edge Chips for AI One year ago, U.S. Secretary of Commerce Gina Raimondo delivered a speech at Georgetown University’s School of Foreign Service where she outlined her vision in implementing President Biden’s historic CHIPS and Science Act. Last week, she provided an update on its implementation and announced that future projects will be prioritized based on...

In conjunction with Black History Month, Commerce Deputy Secretary Don Graves recently released the U.S. Department of Commerce’s 2023 update to its Equity Action Report at a White House Convening on Equity . Among the plan’s highlights was the Economic Development Administration’s (EDA) stewardship of $3 billion in funding distributed to 780 diverse grantees — many working at the forefront of...

U.S. Department of Commerce Begins Regulatory Process to Consider National Security Risks Posed by ICTS Integral to Connected Vehicles The Advance Notice of Proposed Rulemaking Seeks Information Regarding the Security of Connected Vehicles with PRC Technology in the U.S. Today, the U.S. Department of Commerce issued an advance notice of proposed rulemaking (ANPRM) seeking public comment to inform...

Today, the U.S. Department of Commerce issued a Notice of Funding Opportunity (NOFO) to seek applications for research and development (R&D) activities that will establish and accelerate domestic capacity for advanced packaging substrates and substrate materials, a key technology for manufacturing semiconductors. The CHIPS for America program anticipates approximately $300 million in funding...