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...

Chair Cantwell, Ranking Member Wicker, and members of the Committee, thank you for this opportunity to discuss President Biden’s Fiscal Year 2023 Budget Request for the U.S. Department of Commerce. The priorities funded in this Budget build upon the investments you enacted in Fiscal Year 2022, and I am grateful for your support as we look forward to accomplishing even more in Fiscal Year 2023. The...

Thank you, Melissa, for that introduction. It’s great to be with all of you today. Thank you to our cohosts, FinRegLab and the Stanford Institute for Human-Centered Artificial Intelligence. And thanks to Senator Joni Ernst and former Secretary of State Condoleezza Rice who will be here later today. We’re thrilled to have key government, non-profit, academic, and private sector leaders here for our...

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...

Thank you, Assistant Secretary Castillo, for that introduction. I am thrilled to join you this afternoon to see the extraordinary collaboration that you have undertaken to deliver transformative economic opportunity across the country. The Build Back Better Regional Challenge is the marquee of EDA’s American Rescue Plan programs and represents the Biden Administration’s commitment to rebuilding...

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...

A joint blog by ITA Under Secretary Marisa Lago & NOAA Under Secretary and Administrator Richard Spinrad For more than half a century, communities worldwide have gathered in late April to take part in acts of science, service and stewardship in celebration of Earth Day. At the Department of Commerce, Earth Day—and Earth Month—offer an important moment to shine a spotlight on the global ocean, the...