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Feb132015

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Report to the President on America’s National Travel and Tourism Goal

Trade and InvestmentNational Travel and Tourism StrategyTravel and TourismPenny PritzkerJeh Johnson
Growth in spending from these visitors during this period has supported roughly 280,000 new American jobs. Preliminary estimates show the U.S. welcomed a record 74 million international visitors in 2014 alone, and these travelers spent a record $222 billion on expenses including food, lodging, recreation, gifts, entertainment, and local transportation, supporting 1.1 million jobs.

Feb112015

Remarks from U.S. Secretary of Commerce Penny Pritzker at the Kauffman Foundation's 2015 State of Entrepreneurship Address

Trade and InvestmentPenny PritzkerNational Advisory Council on Innovation and Entrepreneurship (NACIE)National Network for Manufacturing Innovation (NNMI)National Network for Manufacturing Innovation (NNMI)Presidential Ambassadors for Global Entrepreneurship (PAGE)Regional Innovation Strategies Program (RIS)
Today, U.S. Secretary of Commerce Penny Pritzker delivered remarks on the leadership of the Department of Commerce and the entire Obama Administration in promoting entrepreneurship across the United States at the 2015 State of Entrepreneurship Address, hosted by the Kauffman Foundation.

Feb112015

U.S. Commerce Secretary Penny Pritzker Announces New Manufacturing Council Members

Trade and InvestmentManufacturing CouncilOpen for Business AgendaPenny Pritzker
U.S. Secretary of Commerce Penny Pritzker today announced the appointment of 30 private sector leaders to the Manufacturing Council (the Council) for the 2015-2016 charter term. The Council was established in 2004 to serve as the principal private sector advisory body to the Secretary of Commerce on matters relating to the U.S. manufacturing industry.

Feb102015

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NOAA Identifies Six Nations Engaging in Illegal, Unreported, and Unregulated Fishing

EnvironmentDr. Kathryn SullivanMagnuson-Stevens
Kathryn Sullivan, Ph.D., under secretary of commerce for oceans and atmosphere, and NOAA’s administrator at the SeaWeb Seafood Summit in New Orleans released a new NOAA report that identified six nations -- Colombia, Ecuador, Mexico, Nigeria, Nicaragua, and Portugal -- as engaging in illegal, unreported and unregulated fishing (IUU).

Feb102015

Op-Ed -- CNN -- Made in America Makes a Comeback

Trade and InvestmentTrans-Pacific Partnership (TPP)Trade Promotion Authority (TPA)
Thanks to the resilience of U.S. workers and businesses of all sizes, "Made in America" is making a comeback. According to data released last week by the Department of Commerce, American businesses exported $2.35 trillion in goods and services in 2014, hitting a record high for the fifth straight year. The United States sold more to our 20 free trade partners than ever before and...

Feb062015

Statement from U.S. Secretary of Commerce Penny Pritzker on the 2015 National Security Strategy

InnovationClimate changeCybersecurity Framework for Critical InfrastructureEconomic SecurityPenny Pritzker
U.S. Secretary of Commerce Penny Pritzker today issued the following statement on the release of President Obama’s 2015 National Security Strategy. The new National Security Strategy provides a vision for advancing the nation’s interests and describes how America will lead the world toward greater peace and a new prosperity.

Feb032015

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FY 2016 Budget Request Prioritizes Innovation

InnovationOperational ExcellenceFiscal Year 2016 BudgetNational Network for Manufacturing Innovation (NNMI)Open for Business AgendaPenny Pritzker
Yesterday, Secretary Pritzker released the U.S. Department of Commerce’s fiscal year 2016 budget request. The FY 2016 budget request supports and builds on President Obama’s vision for creating economic opportunity that will benefit all Americans.

Feb022015

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2015 National Inventors Hall of Fame Inductees Announced

Innovation
Last week, the National Inventors Hall of Fame, in partnership with the United States Patent and Trademark Office (USPTO) announced the 2015 Hall of Fame inductees. These visionary inventors each patented inventions that revolutionized their industries and changed people’s lives. Of the fourteen new inductees, seven will be honored posthumously.

Feb022015

U.S. Secretary of Commerce Penny Pritzker Announces Fiscal Year 2016 Budget Request

DataOpen for Business AgendaFiscal Year 2016 BudgetPenny Pritzker
U.S. Secretary of Commerce Penny Pritzker today released the fiscal year 2016 budget request for the U.S. Department of Commerce. The FY16 budget request supports and builds on President Obama’s vision for creating economic opportunity for all Americans, and includes critical funding for key Commerce priorities, including promoting trade and investment, spurring innovation, and fueling our data-...

Jan302015

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The Benefits of IMCP

InnovationInvesting in Manufacturing Communities Partnership (IMCP)Investing in Manufacturing Communities Partnership (IMCP)Manufacturing Extension Partnership (MEP)
Washington State brought in $7 million in IMCP-aligned federal agency funds just months after receiving one of the “manufacturing community” designations from the U.S. Department of Commerce. That’s a pretty shining endorsement of the Investing in Manufacturing Communities Partnership (IMCP) program, right?

Jan302015

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EDA Tools: Supporting Investment in Local Communities

Trade and InvestmentCluster MappingOhioNational Excess Manufacturing Capacity Catalogue (NEXCAP)
A community can’t attract investment if it doesn’t have a clear sense of what it has to offer to a potential company or industry looking to locate there. That’s why the U.S. Economic Development Administration (EDA) has tools to help communities identify assets in their regions that will help to attract private investment: the National Excess Manufacturing Capacity Catalogue (NEXCAP) and the U.S.

Jan302015

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Puerto Rico MBDA Business Center’s MED Week Event Helps Local Entrepreneurs, Businesses Expand Their Opportunities

Trade and InvestmentAlejandra Y. CastilloMinority Enterprise Development (MED) WeekManufacturing Extension Partnership (MEP)Puerto Rico
Puerto Rican businesses and entrepreneurs looking for opportunities that drive growth found them during Puerto Rico’s MBDA Business Center’s Minority Enterprise Development Week (MED Week) conference held on January 30th in San Juan’s Condado Plaza Hotel.

Jan292015

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America’s Economic Resurgence: Invest in the U.S.A - The 2015 SelectUSA Summit Agenda

Trade and InvestmentSelectUSASelectUSA Investment SummitForeign Direct Investment (FDI)
There has never been a better time to invest in the United States. With a resurgent economy and a strong economic foundation to support growth for years to come, it is no wonder the United States is the world’s top destination for businesses looking to expand.

Jan292015

U.S. Commerce Secretary Pritzker Announces Competition for Next Round of Investing in Manufacturing Communities Partnership Designations

InnovationPenny PritzkerInvesting in Manufacturing Communities Partnership (IMCP)
Today, U.S. Secretary of Commerce Penny Pritzker announced that the round two designation competition of the ‘Investing in Manufacturing Communities Partnership’ (IMCP) is now open. IMCP, an Administration-wide initiative coordinated by the U.S. Commerce Department, is designed to accelerate the resurgence of manufacturing in communities nationwide.

Jan292015

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U.S. Manufacturing Attracts Foreign Investment

Trade and InvestmentInnovationManufacturing Extension Partnership (MEP)Manufacturing Extension Partnership (MEP)Manufacturing Extension Partnership (MEP)Foreign Direct Investment (FDI)
The United States is an attractive destination for foreign investment dollars for a variety of reasons, including a large economy with diverse consumer markets, a skilled labor force (thanks to community colleges with skill-development missions as well as research universities) and a predictable and stable regulatory system.

Jan272015

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Counties as Partners in Investment Decisions- NACo’s 2014 County Economic Tracker

DataTrade and Investment
County economies are the building blocks of regional economies (metropolitan areas and micropolitan areas), states and the nation. County governments ensure the functioning of these fundamental units of the U.S. economy by building and maintaining basic infrastructure assets, keeping communities healthy and safe and providing the social safety net for those in need.

Jan272015

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Secretary Pritzker Focuses on Strengthening Bilateral Commercial Relationship, Increasing Foreign Direct Investment During Trip to India

Trade and InvestmentSelectUSASelectUSA Investment SummitU.S.-India Strategic DialoguePenny Pritzker
Secretary Pritzker today concluded a three-day trip to India, where she was honored to join the U.S. delegation traveling with President Obama. During the trip, she announced the expansion of the U.S.-India Strategic Dialogue to a Strategic and Commercial Dialogue (S&CD), reflecting the two countries’ commitment to strengthening commercial and economic ties.

Jan262015

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U.S. Secretary of Commerce Penny Pritzker Joins President Obama in Calls for More Trade and Investment with India

Trade and InvestmentU.S.-India Strategic DialoguePenny PritzkerForeign Direct Investment (FDI)
As part of President Obama’s official delegation to India, U.S. Secretary of Commerce Penny Pritzker joined the President and Prime Minister of India Narendra Modi at the U.S.-India Business Summit where they addressed a large group from both the U.S. and Indian private sectors on ways to expand market access and increase opportunities for U.S.

Jan232015

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San Antonio MBDA Business Center’s Export Strategies Support Foreign Direct Investment

Trade and InvestmentForeign Direct Investment (FDI)
The San Antonio MBDA Business Center’s specialty is helping minority businesses (MBEs) find exporting opportunities in Latin America. Aligning with White House initiatives such as Look South, the center has assisted numerous MBEs develop international market entry strategies that vary by sector, size, capabilities, targeted countries and regions.

Jan232015

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Secretary Pritzker Travels to Charlotte to Discuss Future of U.S. Economy

Trade and InvestmentOpen for Business AgendaU.S. Export Assistance CenterPenny Pritzker
On Wednesday, Secretary Penny Pritzker traveled to Charlotte, North Carolina to participate in an armchair discussion with Charlotte Chamber President and CEO Bob Morgan. She highlighted the progress made in America’s economic recovery in 2014, and discussed President Obama’s plans to build on that momentum with the policies discussed in the State of the Union Address.

Jan222015

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2015 Will Be the Biggest Year Yet for International Opportunities for Regional Economic Development

Trade and InvestmentAssess Costs Everywhere (ACE)Foreign Direct Investment (FDI)NEI/NEXTSelectUSASelectUSA Investment Summit
2015 is off to a great start for International Economic Development Council (IEDC) and I am excited and honored to spend the next 12 months as the Chair of our Board of Directors. In this capacity, I will be traveling the globe and conferring with my fellow economic developers on many of the pressing issues and opportunities our profession is facing.

Jan202015

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Secretary Pritzker and Deputy Secretary Andrews Participate in MLK Day of Service

About the U.S. Department of CommercePenny PritzkerBruce H. AndrewsMartin Luther King Day of Service
On Monday, Secretary Penny Pritzker participated in the Project Management Day of Service ScopeAthon as part of the Martin Luther King Day of service. Additionally, Deputy Secretary Bruce Andrews participated in City Year DC’s service project at Eastern Senior High School.

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