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Celebrating Two Years of Progress in National Strategy to Reenergize U.S. Travel and Tourism
Celebrating Two Years of Progress in National Strategy to Reenergize U.S. Travel and Tourism ASowah@doc.gov Thu, 07/11/2024 - 09:03 Export and investment promotion FOR IMMEDIATE RELEASE Thursday, July 11, 2024 Office of Public Affairs publicaffairs@doc.gov

Today, two years after the U.S. Department of Commerce issued the National Travel and Tourism Strategy and set an ambitious five-year goal to welcome 90 million international visitors annually by 2027, the Department is announcing we expect to reach that goal ahead of schedule. According to the latest estimates from the International Trade Administration, the United States expects to welcome 91 million annual visitors by 2026, surpassing the Strategy’s goal one year in advance of the anticipated timeline. In celebration of all the progress made since the launch of the National Travel and Tourism Strategy, Secretary of Commerce Gina Raimondo issued the following statement: 

“Thanks to the steadfast leadership and efforts of the Biden-Harris Administration, travel and tourism continue to be critical drivers of economic growth and employment across the United States, supporting 9.5 million American jobs and $2.3 trillion of economic output per year. But our work is far from over. The Commerce Department is taking decisive actions to support the travel and tourism industry’s recovery from the economic challenges of a global pandemic, and we will continue working with state and local governments and private sector partners to welcome more international visitors to the U.S. so they can experience the diversity, beauty, and hospitality that make our country the premier travel and tourism destination in the world.”

The National Travel and Tourism Strategy focuses federal efforts in partnership with the private sector to strengthen the global competitiveness of U.S. travel and tourism and create a more equitable, resilient and sustainable industry for the future. Some successes over the past two years include:

  • Increasing capacity and efficiency to issue 20% more non-immigrant visas in 2023 compared to pre-pandemic issue rates through the U.S. Department of State;
  • Funding $750 million for travel, tourism and outdoor recreation communities provided by the American Rescue Plan and issued by the Economic Development Administration;
  • Investing $195 million in climate restoration and resilience projects to protect our national parks, and more through the U.S. Department of the Interior.

From 2020 to 2023, international visitation to the United States increased 246% to 66.5 million, travel exports generated by international visitors increased 153% to $213 billion, and American jobs supported by travel exports increased 63% to 1.6 million. As a result of international visitation to the United States outpacing travel to the rest of the world, our country’s share of global travel increased from 4.7% in 2020 to 5.2% in 2023.

For more information about the National Travel and Tourism Strategy, please visit the Travel and Tourism Strategy Fact Sheet.  

Bureaus and Offices International Trade Administration Tags Travel and Tourism

  U.S. Department of Commerce

 3 days 15 hours ago

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Biden-Harris Administration to Invest Up to $1.6 Billion to Establish and Accelerate Domestic Capacity Advanced Packaging
Biden-Harris Administration to Invest Up to $1.6 Billion to Establish and Accelerate Domestic Capacity Advanced Packaging ASowah@doc.gov Tue, 07/09/2024 - 12:50 Manufacturing Tuesday, July 9, 2024 Office of Public Affairs publicaffairs@doc.gov

Today, as part of President Biden’s Investing in America agenda, the U.S. Department of Commerce issued a Notice of Intent (NOI) to open a competition for new research and development (R&D) activities that will establish and accelerate domestic capacity for semiconductor advanced packaging. The CHIPS for America program anticipates up to $1.6 billion in funding innovation across five R&D areas, as outlined in the vision for the National Advanced Packaging Manufacturing Program (NAPMP). Through potential cooperative agreements, CHIPS for America would make several awards of approximately $150 million federal funding available per award in each research area. These awards will leverage private sector investments from industry and academia.

“President Biden was clear that we need to build a vibrant domestic semiconductor ecosystem here in the U.S., and advanced packaging is a huge part of that. Now, thanks to the Biden-Harris Administration’s commitment to investing in America, the U.S. will have multiple advanced packaging options across the country and push the envelope in new packaging technologies. This announcement is just the most recent example of our commitment to investing in cutting edge R&D that is critical to creating quality jobs in the U.S. and making our country a leader in advanced semiconductor manufacturing.” said U.S. Secretary of Commerce Gina Raimondo.

Advanced packaging capacity and R&D has never been in higher demand or more important to advances in semiconductor technology. Emerging artificial intelligence (AI)-driven applications are pushing the boundaries of current technologies like high performance computing and low power electronics, requiring leap-ahead advances in microelectronics capabilities, especially advanced packaging. Advanced packaging allows manufacturers to make improvements in all aspects of system performance and function and to shorten time to market. Additional benefits include a reduced physical footprint, lower power, decreased costs, as well as increased chiplet reuse. Achieving these goals requires coordinated investments to support integrated R&D activities to establish leading-edge domestic capacity for semiconductor advanced packaging.

“The National Advanced Packaging Manufacturing Program will enable a packaging sector within the United States that outpaces the world through innovation driven by robust R&D,” said Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology (NIST) Director Laurie E. Locascio. “Within a decade, through R&D funded by CHIPS for America, we will create a domestic packaging industry where advanced node chips manufactured in the U.S. and abroad can be packaged within the United States and where innovative designs and architectures are enabled through leading-edge packaging capabilities.

“Under President Biden’s leadership, we’re bringing semiconductor manufacturing back to the United States, teaming with industry to build factories, supply chains, and jobs in communities across the country. That’s how we win today, and CHIPS R&D is how we win tomorrow,” said Arati Prabhakar, Assistant to the President for Science and Technology and Director of the White House Office of Science and Technology Policy. “Investing in research to accelerate new advanced semiconductor packaging approaches will help this pivotal and fast-changing industry thrive here at home now and into the future.”

Funded activities are expected to be relevant to one or more of five R&D areas:

  1. Equipment, tools, processes, and process integration;
  2. Power delivery and thermal management;
  3. Connector technology, including photonics and radio frequency (RF);
  4. Chiplets ecosystem;
  5. and co-design/electronic design automation (EDA).

In addition to the R&D areas, the funding opportunity is expected to include opportunities for prototype developments.

More information about the NOI will be shared in an upcoming webinar. Follow CHIPS.gov for updates.

About CHIPS for America   

CHIPS for America is part of President Biden’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development (R&D) Office, responsible for R&D programs. Both offices sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. NIST is uniquely positioned to successfully administer the CHIPS for America program because of the bureau’s strong relationships with U.S. industries, its deep understanding of the semiconductor ecosystem, and its reputation as fair and trusted.

CHIPS R&D released the first funding opportunity for the National Advanced Packaging Manufacturing Program (NAPMP) in February 2024. That funding opportunity requested applications for R&D activities that will establish and accelerate domestic capacity for advanced packaging substrates and substrate materials, a key technology for manufacturing semiconductors.

Applicants submitted over 100 concept papers representing 28 states, and on May 22, 2024, the Department of Commerce announced that eight teams have been selected to submit full applications for the NAPMP funding opportunity for materials and substrate materials.

Final projects will play a vital role in helping to ensure that American innovation drives cutting-edge developments in semiconductor R&D and manufacturing. The CHIPS for America program anticipates awarding approximately $300 million in amounts up to approximately $100 million over up to 5 years per award. Program awards may be leveraged by voluntary co-investment. Full applications for the first NAPMP funding opportunity were due on July 3, 2024. 

Visit https://www.chips.gov to learn more.   

Bureaus and Offices National Institute of Standards and Technology Tags CHIPS for America

  U.S. Department of Commerce

 5 days 12 hours ago

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Biden-Harris Administration Announces Next Funding Round of $504 Million for 12 Tech Hubs Across America
Biden-Harris Administration Announces Next Funding Round of $504 Million for 12 Tech Hubs Across America ASowah@doc.gov Tue, 07/02/2024 - 06:37 Investing in communities and workers FOR IMMEDIATE RELEASE Tuesday, July 2, 2024 Office of Public Affairs publicaffairs@doc.gov

The Biden-Harris Administration, through the U.S. Department of Commerce’s Economic Development Administration (EDA), announced another funding round of approximately $504 million in implementation grants to 12 Tech Hubs to scale up the production of critical technologies, create jobs in innovative industries, strengthen U.S. economic competitiveness and national security, and accelerate the growth of industries of the future in regions across the United States.

The Tech Hubs Program is a flagship initiative of President Biden’s Administration to invest in and grow the economies in communities across the country, advancing America’s global leadership in critical technologies, and strengthening our national and economic security. 

“Every American deserves the opportunity to thrive, no matter where they live. Today’s announcement that the Department of Commerce is investing $504 million in Regional Technology and Innovation Hubs across the country will ensure that the benefits of the industries of the future – from artificial intelligence and clean energy, to biotechnology and more – are shared with communities that have been overlooked for far too long, including rural, Tribal, industrial, and disadvantaged communities,” said Vice President Kamala Harris. “These Tech Hubs will give regions across our nation the resources and opportunities necessary to lead in the economy of tomorrow while creating good-paying jobs for American workers.”

“Through the Tech Hubs program, we are maintaining our competitive edge by advancing America’s leadership in commercializing critical emerging tech sectors. And we’re leveraging the diverse talent and resources that currently exist across the country to achieve this goal,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden’s commitment to his investing in America agenda, these 12 Tech Hubs will play a critical role in accelerating America’s leadership in the industries of the future, all while creating high quality, family-sustaining 21st century jobs in people’s backyards.”

President Biden announced the selection of 31 Tech Hubs Designees in October 2023. EDA has selected projects for funding in each of the 12 Hubs below, with award amounts to be finalized in the coming months. 

Tech Hubs implementation awardees are:

Elevate Quantum Tech Hub (Colorado, New Mexico)
Lead Agency:
Elevate Quantum
Technology Focus: quantum information technology
Estimated Award Amount: $41 million  

Headwaters Hub (Montana)
Lead Agency:
 Accelerate Montana
Technology Focus: smart photonic sensor systems  
Estimated Award Amount: $41 million

Heartland BioWorks (Indiana)
Lead Agency:
 Applied Research Institute
Technology Focus: biomanufacturing 
Estimated Award Amount: $51 million

iFAB Tech Hub (Illinois)
Lead Agency:
 University of Illinois Urbana-Champaign 
Technology Focus: precision fermentation and biomanufacturing 
Estimated Award Amount: $51 million 

Nevada Tech Hub (Nevada)
Lead Agency:
 University of Nevada, Reno   
Technology Focus: lithium batteries and electric vehicle materials 
Estimated Award Amount: $21 million 

NY SMART I-Corridor Tech Hub (New York)
Lead Agency:
 CenterState Corporation for Economic Opportunity   
Technology Focus: semiconductor manufacturing
Estimated Award Amount: $40 million

ReGen Valley Tech Hub (New Hampshire)
Lead Agency:
 Advanced Regenerative Manufacturing Institute   
Technology Area: biofabrication 
Estimated Award Amount: $44 million 

SC Nexus for Advanced Resilient Energy (South Carolina, Georgia)
Lead Agency: 
South Carolina Department of Commerce   
Technology Focus: clean energy supply chain
Estimated Award Amount: $45 million

South Florida ClimateReady Tech Hub (Florida)
Lead Agency:
 Miami Dade County Innovation and Economic Development Office   
Technology Focus: sustainable and climate-resilient infrastructure 
Estimated Award Amount: $19 million 

Sustainable Polymers Tech Hub (Ohio)
Lead Agency:
 Greater Akron Chamber   
Technology Focus: sustainable polymers
Estimated Award Amount: $51 million

Tulsa Hub for Equitable & Trustworthy Autonomy (Oklahoma)
Lead Agency:
 Tulsa Innovation Labs    
Technology Focus: secure autonomous systems  
Estimated Award Amount: $51 million

Wisconsin Biohealth Tech Hub (Wisconsin)
Lead Agency
: BioForward Wisconsin   
Technology Focus: personalized medicine
Estimated Award Amount: $49 million

“The Department of Commerce is laser focused on expanding economic opportunity to every corner of this country,” said Deputy Commerce Secretary Don Graves. “The Tech Hubs program is a commitment to American economic prosperity and success. These 12 awardees embody the innovation and creativity that can be found nationwide, boosting U.S. manufacturing and bolstering U.S. global competitiveness, bringing President Biden’s Investing In America agenda to the forefront.” 

Phase 1 of the program identified 31 Tech Hubs in geographically diverse, high-potential regions across the country with demonstrated expertise in emergent technology sectors. Collectively, these Tech Hubs secured well over a thousand commitments, attracting more than $4 billion in investment commitments and catalyzing meaningful public and institutional policy changes that support their strategies. In Phase 2, the Tech Hubs developed and proposed projects to propel their growth into globally recognized regions that produce and deliver the technologies of the future.

Overall, consortia membership grew by 50 percent since the Hubs were designated in October 2023, and over a third of consortia members are industry partners, demonstrating strong community support. If subsequent funding becomes available, EDA plans to invest in additional Tech Hubs, keeping this innovative program’s momentum going for decades to come. The Tech Hubs Program was authorized by the bipartisan CHIPS and Science Act, a key part of President Biden’s Investing in America agenda, which he signed into law in August 2022. The statute authorized $10 billion for the program over five years. To date, EDA has been appropriated $541 million for the program. 

“The Tech Hubs Designees exemplify place-based economic development strategies at their best: combining federal resources with regional assets, expertise, and coalitions to implement transformational opportunities,” said Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo. “We’re excited to see this initial round of implementation funding supporting a surge of new jobs, new technologies, and new energy to bolster America’s competitiveness.” 

Read more about the Tech Hubs program at TechHubs.gov

About the U.S. Economic Development Administration (www.eda.gov)

The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation’s regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.

Bureaus and Offices Economic Development Administration Tags CHIPS and Science Act

  U.S. Department of Commerce

 1 week 5 days ago

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U.S. Department of Commerce Announces Preliminary Terms with Rogue Valley Microdevices to Support the Construction of New Foundry
U.S. Department of Commerce Announces Preliminary Terms with Rogue Valley Microdevices to Support the Construction of New Foundry ASowah@doc.gov Mon, 07/01/2024 - 05:00 Manufacturing FOR IMMEDIATE RELEASE Monday, July 1, 2024 Office of Public Affairs publicaffairs@doc.gov

Proposed Investment Would Nearly Triple Production Capacity per Month

Today, the Biden-Harris Administration announced that the U.S. Department of Commerce and Rogue Valley Microdevices (RVM) have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $6.7 million in proposed direct funding under the CHIPS and Science Act. The proposed CHIPS investment would support the construction of RVM’s pure play microelectromechanical systems (MEMS) and sensor foundry facility in Palm Bay, Florida, and is estimated to nearly triple RVM’s manufacturing capacity. MEMS are microscale devices that integrate electrical and mechanical components; their integration with semiconductor components across a wide range of applications enables technology advancements and improved performance. RVM is one of the only U.S.-based pure play MEMS foundries which specializes in the high-mix, low-volume wafer and MEMS foundry services that are important to the defense industrial base and to the biomedical industry. With this proposed investment, the Biden-Harris Administration would be supporting a reliable, domestic supply of MEMS devices manufactured on 300mm wafers, further strengthening U.S. supply chain resilience while creating over 75 jobs in the state of Florida.

“The proposed investment in RVM is another example of how the Biden-Harris Administration is making targeted investments across the semiconductor supply chain to reignite U.S. leadership in semiconductor manufacturing,” said U.S. Secretary of Commerce Gina Raimondo. “Because of President Biden’s CHIPS and Science Act, we are working to secure U.S.-based companies a stable, domestic supply of MEMS technology when demand is increasing across the globe.”

“This investment in Rogue Valley Microdevices is another demonstration of President Biden’s commitment to America’s semiconductor comeback – benefitting businesses of all sizes, including women and minority-owned businesses, and creating jobs in communities throughout the country,” said National Economic Advisor Lael Brainard.

“As one of the only U.S. based MEMS foundries, RVM is positioned to support the U.S. semiconductor ecosystem with its 300mm MEMS foundry services. President Biden’s bipartisan CHIPS and Science Act is ensuring the United States continues to lead in technological leadership and RVM’s facility in Florida will support this effort,” said Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology Director Laurie E. Locascio.

“As the first MEMS foundry to secure proposed CHIPS and Science Act funding, Rogue Valley Microdevices is deeply committed to the onshore manufacturing of advanced microelectronics. We plan to use this capital infusion to increase production of the miniature, intelligent sensors that are critical to markets for which a robust supply chain is essential, including automotive, biomedical, and industrial. We’ll also ramp expansion from our west coast foundry in Oregon to our new location on the Space Coast of Florida, which will soon become the industry’s first MEMS pure-play foundry to offer 300mm capability,” said Rogue Valley Microdevices Founder and CEO Jessica Gomez.

The proposed CHIPS investment would support the construction of the facility including the renovation of the clean room and equipment installation. RVM’s first wafers produced at the Palm Bay, Florida, facility are expected to ship in early 2025, with final completion of the facility to be completed by mid 2025. Additionally, RVM intends to establish on-site child care and seeks to partner with a local child care provider to deliver STEM-based early child care education and after school academic support.

This is the first proposed CHIPS investment in a women- and minority-owned business. The proposed investment also highlights the important role smaller businesses play in the semiconductor ecosystem, especially in the development and innovation of specialized technologies such as MEMS.

The company has also indicated that it plans to claim the Department of the Treasury’s Investment Tax Credit, which is expected to be up to 25% of qualified capital expenditures. RVM has received state and federal support for the construction of its facility, including $5 million from a Florida Department of Commerce loan and $3.2 million from other state and incentives and additional grants.

As explained in its first Notice of Funding Opportunity, the Department may offer applicants a PMT on a non-binding basis after satisfactory completion of the merit review of a full application. The PMT outlines key terms for a potential CHIPS incentives award, including the amount and form of the award. The award amounts are subject to due diligence and negotiation of award documents and are conditional on the achievement of certain milestones. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant. The terms contained in any final award documents may differ from the terms of the PMT being announced today.

About CHIPS for America

CHIPS for America has announced up to $29.5 billion in proposed funding across eleven preliminary memoranda of terms to revitalize America’s semiconductor industry. These proposed CHIPS for America investments are already delivering significant results, including unlocking more than $300 billion in public and private investment between now and the end of the decade – far and away the most investment in new production in the history of the U.S. semiconductor industry.   

Earlier this year, Secretary Raimondo announced that we anticipate that America will produce 20% of the world’s leading-edge chips by the end of the decade, meaning our innovation capacity will no longer be as vulnerable to supply chain disruptions as it is today. The Semiconductor Industry Association released a report saying that America is on track to triple its domestic semiconductor manufacturing capacity from 2022 – when the CHIPS and Science Act was enacted – to 2032. The projected 204% growth is the largest projected percent increase in the world over that time. 

With these announcements, America now has four of the world’s five leading-edge companies aggressively expanding on our shores. No other economy in the world has more than two of these companies producing leading-edge chips on its shores. 

The Department has received more than 670 statements of interest, more than 230 pre-applications and full applications for NOFO 1, and more than 160 small supplier concept plans for NOFO 2. The Department is continuing to conduct rigorous evaluation of applications to determine which projects will advance U.S. national and economic security, attract more private capital, and deliver other economic benefits to the country. The announcement with RVM is the twelfth PMT announcement the Department of Commerce has made under the CHIPS and Science Act, with additional PMT announcements expected to follow throughout 2024. 

CHIPS for America is part of President Biden’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. NIST is uniquely positioned to successfully administer the CHIPS for America program because of the bureau’s strong relationships with U.S. industries, its deep understanding of the semiconductor ecosystem, and its reputation as fair and trusted. Visit https://www.chips.gov to learn more.

###

Media Contacts for Rogue Valley Microdevices:

Maria Doyle
maria@doylestratcomm.com
781-964-3536

OR

Maria Vetrano
maria.vetrano@vetrano.com
857-212-6550

Bureaus and Offices National Institute of Standards and Technology Tags CHIPS for America Semiconductor Industry

  U.S. Department of Commerce

 1 week 6 days ago

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Remarks by Commerce Secretary Gina Raimondo at the First-Ever National Child Care Innovation Summit
Remarks by Commerce Secretary Gina Raimondo at the First-Ever National Child Care Innovation Summit KCPullen@doc.gov Fri, 06/28/2024 - 15:25 ICT Supply Chain Investing in communities and workers Manufacturing AS PREPARED FOR DELIVERY Friday, June 28, 2024 Office of Public Affairs publicaffairs@doc.gov Gina M. Raimondo

Welcome to the first-ever National Child Care Innovation Summit. Now, it may seem unusual for a Commerce Secretary to be so focused on childcare. But I’m here because childcare is not only a social issue or a “women’s issue.” It is also an economic issue. In fact, I'd argue it’s one of the most critical economic issues affecting families, businesses, and communities today.

The lack of investment in our care infrastructure is costing us dearly. There’s a generation of Americans in their prime working years caught between their jobs and caring for children or elderly relatives. Finding affordable, trustworthy care for both my children and my mother was critical to my own career.

On a point of personal privilege, my mom passed about a year ago at 91, and today's her birthday. For my sister, my brother, and I, she was the caretaker when our kids were little. She never got to have a career. She grew up in that generation where once she got pregnant, she was asked to leave her job. And she insisted, especially for my sister and I, “you girls have talent – you go, and your father and I will take care of the babies.”

It was so important to her that all three of her children had a chance to go for it and be productive members of the workforce and society and great parents. So, for me, it's special that this summit would be today because it honors her, it honors family, and it honors everybody who's helped somebody out as a caregiver.

My husband and I have been privileged to be in a position to access care. But that’s often not the case. We all know childcare costs can be exorbitant for families. Some families don’t even have facilities in their area.

The status quo is not working for families. It’s not working for employers, and it’s not working for our economy. Inadequate childcare costs employers $23 billion a year. And it’s not working for providers.

To address the childcare crisis, we need sweeping public investments in the care economy.

But let’s be clear – we need both short-term and long-term solutions because parents can’t afford to wait. It is all hands-on deck to develop new models that meet the needs of families, workers and employers.

It’s going to take all of us working together – federal and local governments, the private sector, care providers, and community stakeholders – to improve access to care.

We are joined by executives from some of the country’s largest corporations; small businesses owners; advocates and philanthropic leaders; economists; and providers. More than 40 states are represented in this room. This is a unique opportunity for us to drive real and lasting progress – together – on one of the most pressing economic issues before us. I’m excited to get to work. Thank you.

Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Workforce Development Child Care Related Content U.S. Department of Commerce, U.S. Chamber of Commerce and U.S. Chamber of Commerce Foundation Convene Private Sector, Non-Profit and Philanthropic Leaders for First-of-Its-Kind National Child Care Innovation Summit

  U.S. Department of Commerce

 2 weeks 2 days ago

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Statement by Secretary Gina Raimondo and Deputy Secretary Don Graves on Nuziard v. MBDA Court Ruling
Statement by Secretary Gina Raimondo and Deputy Secretary Don Graves on Nuziard v. MBDA Court Ruling KCPullen@doc.gov Fri, 06/28/2024 - 12:40 Minority business growth FOR IMMEDIATE RELEASE Friday, June 28, 2024 Office of Public Affairs publicaffairs@doc.gov

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 every American entrepreneur can start and grow their businesses regardless of background.

In the three years since a bipartisan coalition in Congress and President Biden took the long overdue steps to authorize and codify MBDA, we have made critical progress in this mission and our work to close the resource and access gaps between minority-owned and non-minority-owned businesses.

In March, a federal court in Texas ruled on a case that had the potential to disrupt MBDA’s work in service of its mission. Ultimately, while the court acknowledged minority business enterprises “have far less access to capital and credit…due to racial discrimination in lending markets,” it ruled that Congress violated the Constitution by requiring MBDA to presume that members of specified racial or ethnic groups experienced discrimination or had an impaired ability to compete, due to a lack of capital and credit opportunities, and therefore were eligible for MBDA Business Center services. 

We strongly disagree with the court’s ruling but our primary goal is to ensure MBDA can continue to meet its mission to promote the growth and global competitiveness of minority business enterprises in order to unlock the country’s full economic potential.

The Department of Justice today communicated to Congress that, after careful consideration, it will not appeal the court’s ruling.  The injunction does not currently prevent MBDA from continuing to fulfill its mission, which is our fundamental priority. We remain motivated, now more than ever, to ensure that all Americans have the resources and opportunities needed to start and grow flourishing businesses, create generational wealth, and contribute to our shared economic prosperity.

Our country’s long-term success requires a truly level playing field for all Americans regardless of their race, gender, or religious affiliation. Our economic competitiveness requires that we harness the strength of our diversity and the talents of all Americans. We see America’s future as one that is grounded in dignity, equality, and freedom. For more information about the Department of Commerce’s equity resources click here.

Link to Fact Sheet: https://www.commerce.gov/news/fact-sheets/2024/06/fact-sheet-us-department-commerce-support-minority-business-enterprises

Link to Resource: https://www.commerce.gov/work-us/services-businesses/resources-minority-business-enterprises

Bureaus and Offices Minority Business Development Agency Leadership Don Graves Gina M. Raimondo Tags Secretary Gina Raimondo

  U.S. Department of Commerce

 2 weeks 2 days ago

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Fact Sheet: U.S. Department of Commerce Support for Minority Business Enterprises
Fact Sheet: U.S. Department of Commerce Support for Minority Business Enterprises ASowah@doc.gov Fri, 06/28/2024 - 10:39 Investing in communities and workers FOR IMMEDIATE RELEASE Friday, June 28, 2024 Office of Public Affairs publicaffairs@doc.gov

Achieving the full potential of the U.S. economy requires that every American entrepreneur can start and grow their business regardless of background. Yet some communities face disproportionate barriers to the resources needed to turn their entrepreneurial dreams into reality. For example, the U.S. Federal Reserve found that more than half of Black-owned businesses were turned down for bank loans, a rate twice as high as white business owners. Black-owned businesses received less than 1 percent of venture dollars and Latino/a-owned businesses received less than 2 percent in 2022, according to CrunchBase. The Department of Commerce is supporting and investing in minority business enterprises (MBEs) to ensure that every entrepreneur can contribute to U.S. economic competitiveness.

The Department of Commerce provides technical assistance to socially and economically disadvantaged entrepreneurs:

  • The Minority Business Development Agency (MBDA) funds a national network of technical assistance programs, including its Business Center Program, which helped MBEs secure more than $2.8 billion in contracts and capital in 2023.
    • In 2023, MBDA launched the first of its kind Capital Readiness Program, the largest program for minority and other underserved entrepreneurs in Department of Commerce history. The program invests $125 million in 43 incubators and accelerators to help socially and economically disadvantaged entrepreneurs, including MBEs, develop the necessary networks and experience to pitch investors, raise capital and grow their businesses.
    • In the last two years, MBDA invested $3.5 million across seven HBCUs through the Minority Colleges & Universities Pilot Program to catalyze entrepreneurship opportunities for undergraduate students at Minority Serving Institutions.
  • From 2020-2024, the International Trade Administration (ITA) nearly doubled the number of underserved clients, including MBEs, supported by export assistance.
    • Businesses that export earn higher revenues, create more jobs, and pay better wages. But less than 3% of the U.S.’s 1 million employer MBEs export their goods or services. Businesses in underserved communities have unique comparative advantages and huge potential for growth. But these same businesses often face obstacles: lack of opportunity, inaccurate perception of risk, insufficient financing, and challenges identifying and vetting potential partners. ITA provides critical assistance to underserved businesses, including MBEs, across the nation.
  • In 2023, the U.S. Patent and Trademark Office (USPTO) law school clinics filed 201 patent applications and 874 trademark applications for pro bono clients, including MBEs.
    • Entrepreneurs from underserved communities often face barriers to obtaining patents. USPTO donated over $39.3 million in free legal services to inventors and small businesses, including MBEs, from 2015-2022 through the Patent Pro Bono Program to help address these barriers. This program matched 524 applicants to volunteer patent practitioners in 2023. USPTO is also expanding access to free legal and other educational resources including the Law School Clinic Certification Program.

The Department of Commerce directly invests in MBEs and underserved communities including:

  • The National Institute of Standards and Technology (NIST) is ensuring the historic investments in semiconductor production benefit MBEs.
    • The CHIPS and Science Act fosters economic opportunity for all suppliers, including minority-owned businesses. The first CHIPS for America funding opportunity requires applicants to document how they will include small businesses, minority-owned businesses, veteran-owned businesses, and women-owned businesses in their pool of suppliers.
  • The National Telecommunications and Information Administration (NTIA) is connecting communities to the Internet and providing $2.75 billion to promote digital equity and inclusion to ensure that all communities have the technology and capacity to benefit from the digital economy.
    • NTIA has made available $60 million for states, territories and native entities to develop digital equity plans. NTIA will provide $1.4 billion for capacity grants to fund these state plans and help fund other digital equity programs. NTIA will also provide an additional $1.2 billion in competitive grants for additional digital equity programming.
    • NTIA provided awards to 43 HBCUs through the Connecting Minority Communities Pilot Program, representing 51% of total funding. This program addresses disparities in campus internet connectivity and equipment access for students and faculty.
    • As a whole, the Internet for All program will bring affordable, high-speed internet to roughly 8 million unserved locations, including millions of businesses and households in communities of color, rural, and tribal areas.
  • In 2021, the Economic Development Administration revised its investment priorities to include equity as a priority consideration when making investments.
    • This prioritization ensures that EDA’s historic new investments, including the Good Jobs Challenge, Build Back Better Regional Challenge, Tech Hubs Program, and Recompete Pilot Program, as well as EDA’s core programs, consider equity when awards are made.
    • EDA will track progress toward these goals by measuring estimated jobs created and retained for underserved communities and geographies, including communities of color, private investment funds leveraged by underserved communities and geographies, including communities of color, and total sum of funding secured by entrepreneurs in these communities.
    • In fiscal year 2023, EDA invested approximately $2.5 million in six HBCUs projects to support equitable economic growth and help communities develop regional capacity. For example, a Spelman College award enables targeted assistance to early- and mid-stage Black STEM entrepreneurs from the Atlanta metropolitan area.
  • In 2024, the Department of Commerce is on track to award 22 percent of contracts to small, disadvantaged businesses, including MBEs, surpassing the Government-wide goal of 15 percent. 

President Biden directed agencies to make Federal contracting and procurement opportunities more available, to remove barriers faced by underserved individuals and communities and to increase the share of contracts awarded to Small Disadvantaged Businesses (SDBs), which includes MBEs, to 15% by Fiscal Year (FY) 2025. Commerce has historically done very well in awarding contracts to SDBs, averaging approximately 21% (FY 2019 – FY 2023) of contract dollars obligated to SDBs. Doubling down on engagement and recruitment, Commerce is on track to exceed that average.

Bureaus and Offices Minority Business Development Agency

  U.S. Department of Commerce

 2 weeks 2 days ago

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Joint Readout: United States-Korea Supply Chain and Commercial Dialogue Ministerial Meeting
Joint Readout: United States-Korea Supply Chain and Commercial Dialogue Ministerial Meeting KCPullen@doc.gov Thu, 06/27/2024 - 18:04 Export and investment promotion ICT Supply Chain Manufacturing Trade enforcement FOR IMMEDIATE RELEASE Thursday, June 27, 2024 Office of Public Affairs publicaffairs@doc.gov

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.

Secretary Raimondo and Minister Ahn noted the significant, substantive progress that is being undertaken through the SCCD working groups, which include: Advanced Manufacturing and Supply Chain Resilience, including Semiconductors; Dual-Use Export Controls; Healthcare and Healthcare Technologies; and the Digital Economy. They also instructed staff to continue discussions through an SCCD critical minerals Sub-Working group to deepen U.S.-Korea critical minerals supply chain collaboration.

The Secretary and Minister noted deepening semiconductor investment cooperation, including the Department of Commerce recently signing non-binding preliminary memoranda of terms with Samsung Electronics to support a state-of-the-art leading-edge ecosystem in Central Texas, and with Absolics, an affiliate of the Korea-based SKC, to support a facility in Georgia for the development of advanced packaging substrates technology. The Secretary and Minister celebrated this progress at the U.S.-Korea SCCD Semiconductor Forum, co-hosted by the Semiconductor Industry Association and Korea Semiconductor Industry Association, which was held immediately before the SCCD Ministerial meeting. The Forum highlighted U.S.-Korea semiconductor cooperation in the key areas of supply chain, workforce development, and R&D as outcomes of the SCCD.

Secretary Raimondo and Minister Ahn acknowledged the increasing momentum under the SCCD Healthcare and Healthcare Technologies working group, including a joint Commerce-MOTIE telehealth virtual showcase that was held in May 2024 with 72 attendees, and a U.S.-Korea Biopharma Roundtable at the 2024 BIO International Convention in San Diego at the beginning of June. They committed to further strengthening cooperation on healthcare innovation and supply chains between the two countries. The Secretary and Minister also acknowledged the meaningful outcomes of the Advanced Manufacturing working group, including an October 2023 Commerce-MOTIE hosted Additive Manufacturing Industry Showcase with over 100 U.S. and Korean companies who were able to learn about opportunities to compete and invest in one another’s markets.

Recognizing the need to protect our critical and emerging technologies from countries that may misuse them to undermine peace and security, the Secretary and the Minister agreed to continue existing cooperation under the Dual-Use Export Controls working group to address national security threats while minimizing supply chain disruption.

Additionally, Secretary Raimondo and Minister Ahn discussed current and future cooperation under the SCCD Digital Economy working group, including cooperation on standards-related activities, and cooperation between Korean and U.S. industrial artificial intelligence companies.

The Secretary and Minister also committed to exploring opportunities for collaboration in third countries, where governments are seeking to increase their access to investment and global markets to enhance economic opportunity for their citizens.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Export Controls semiconductors Digital Economy

  U.S. Department of Commerce

 2 weeks 3 days ago

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10th SelectUSA Investment Summit, Largest in History, Concludes
10th SelectUSA Investment Summit, Largest in History, Concludes KCPullen@doc.gov Thu, 06/27/2024 - 16:15 Export and investment promotion FOR IMMEDIATE RELEASE Thursday, June 27, 2024 Office of Public Affairs publicaffairs@doc.gov

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 consecutive years,” said U.S. Secretary of Commerce Gina Raimondo. “The investments we’re seeing under President Biden’s Investing in America Agenda are a testament to the transformative work that we have championed since the start of the Biden-Harris Administration, and have allowed SelectUSA to drive nearly $100 billion in investments in critical supply chains – keeping us on track to retain the top slot for attracting foreign investments for years to come.”

SelectUSA is grateful for the participation of Secretary of State Antony Blinken; Secretary of Transportation Pete Buttigieg; Acting Secretary of Labor Julie Su; Deputy Secretary of Defense Kathleen Hicks; Deputy Secretary of Energy David Turk; White House Senior Official Deputy National Security Advisor for International Economics Daleep Singh; and Export-Import Bank Chair Reta Jo Lewis.

SelectUSA also extends thanks to the participating 11 Governors and 19 Chiefs of Mission, and all participating speakers, moderators, panelists, sponsors, exhibitors, and participants for contributing to the resounding success of the 2024 SelectUSA Investment Summit.

The 2024 SelectUSA Investment Summit by the Numbers:

  • 5,000+ attendees
  • 1,000+ economic development organization representatives attended
  • 2,500+ international delegates
  • All 56 U.S. states and territories represented
  • 96 international markets represented
  • 19 U.S. Ambassadors and Chiefs of Mission led foreign delegations to the Investment Summit
  • 11 U.S. state and territory governors and 1 Mayor (DC, CO, IL, IN, MA, MI, NC, NJ, NV, OK, VA; TERR: GU)
  • 3 Cabinet members (Labor, State and Transportation)
  • 165+ speakers

The 2025 SelectUSA Investment Summit will be held May 11-14, 2025, at the Gaylord National Resort and Convention Center, National Harbor, MD.

For media-related inquiries and troubleshooting, please email: publicaffairs@trade.gov 

About SelectUSA

Housed within the International Trade Administration at the U.S. Department of Commerce, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors and raises awareness of the critical role that economic development plays in the U.S. economy. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps foreign companies find the information they need to make decisions, connect to the right people at the local level, navigate the federal regulatory system, and find solutions to issues related to the federal government. For more information, visit www.trade.gov/selectusa.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo SelectUSA Investment Summit SelectUSA Foreign direct investment [FDI]

  U.S. Department of Commerce

 2 weeks 3 days ago

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U.S. Department of Commerce, U.S. Chamber of Commerce and U.S. Chamber of Commerce Foundation Convene Private Sector, Non-Profit and Philanthropic Leaders for First-of-Its-Kind National Child Care Innovation Summit
U.S. Department of Commerce, U.S. Chamber of Commerce and U.S. Chamber of Commerce Foundation Convene Private Sector, Non-Profit and Philanthropic Leaders for First-of-Its-Kind National Child Care Innovation Summit ASowah@doc.gov Thu, 06/27/2024 - 13:55 FOR IMMEDIATE RELEASE Thursday, June 27, 2024 Office of Public Affairs publicaffairs@doc.gov

Commerce Secretary Gina Raimondo Announces New Census Bureau Action to Track Child Care Data to Inform and Target Solutions to Child Care Crisis.

Today, the U.S. Department of Commerce co-hosted, with the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation, a first-of-its-kind National Child Care Innovation Summit. The event brought together hundreds of key public- and private-sector stakeholders from more than 40 states to discuss the vital role of child care as economic infrastructure and work towards accessible, affordable, and high-quality child care. The program highlighted and explored child care solutions during a series of panels, including creative care models and policies, emerging employer approaches, and public-private partnerships that can help address the child care crisis.

During the summit, Secretary Raimondo announced that the Census Bureau will be expanding the Current Population Survey Annual Social and Economic Supplement (CPS/ASEC) – the primary source of employment, household income, and poverty statistics for the United States – to more comprehensively understand the economic relevance of child care. More data will enable policymakers, researchers, and advocates to address the child care challenges that American families face daily at scale and will help inform targeted solutions that can support them and strengthen the U.S. economy.

The President’s Council of Economic Advisers also released a new issue brief that underscores the original, positive impacts of American Rescue Plan (ARP) funding, including reduced relative price growth and increased labor supply for mothers of young children. The new issue brief explores whether the evidence of those positive impacts has persisted after ARP fund expiration—finding suggestive evidence that these gains have stalled. The brief also highlights state-level efforts, showing that states that implemented stopgap funding in place of federal ARP dollars have been more resilient in the post-funding period.

Finally, the U.S. Chamber of Commerce announced Data Deep Dive: Women in the Workforce, which examines the shortage of women in the workforce, the root causes that hinder women’s full return, and how this phenomenon continues to cause long-term economic challenges for our nation.

“Cost and accessibility are systemic barriers to child care in the United States, and are holding too many families back from entering, staying and moving up in the workforce. This isn’t a social issue – this is an economic issue. My job is to make the United States the most competitive nation on Earth and we can only do that if we’re tapping into the full potential of our workforce. To do that, American workers need affordable, reliable, and accessible child care options,” said Secretary Raimondo. “We’re taking action under the Biden-Harris Administration to bring relief to families, but government can’t – and shouldn’t – go it alone. We need private sector leaders at the table to work with us, and other stakeholders across the care economy, to identify and target solutions that will support workers, families, and businesses. That’s what today was all about. We took an important step forward through this first-of-its-kind event, and I look forward to building on this work as we move forward.”

“The President knows that affordable, quality child care unlocks better earnings opportunities for parents and boosts retention and recruitment for businesses,” said Lael Brainard, White House National Economic Advisor. “That is why the President is making historic investments in child care directly and in partnership with the private sector and is taking action to support care workers.”

"Rethinking and reimagining child care in this country will go a long way in helping us build stronger families and communities, and a more robust workforce," said U.S. Chamber of Commerce President and CEO Suzanne P. Clark. "This is one of the defining challenges of our time—one that will require the talent, strength, and ingenuity of business and the partnership of our leaders in government. The Chamber, and the entire business community, is ready to get to work."

In addition to Secretary Raimondo, speakers included National Economic Council Director Lael Brainard, Domestic Policy Council Director Neera Tanden, Gender Policy Council Director Jennifer Klein, U.S. Chamber of Commerce President and CEO Suzanne Clark, U.S. Chamber of Commerce Foundation President Michael Carney, Etsy CEO Josh Silverman, Suffolk Construction Chairman and CEO John Fish, IBM CEO and Chairman Arvind Krishna, Massachusetts Governor Maura Healey, Colorado Governor Jared Polis, Indiana Governor Eric Holcomb, Congresswoman and Minority Whip Katherine Clark (D-MA), Congresswoman Ashley Hinson (R-IA), philanthropist Melinda French Gates, Moms First CEO Reshma Saujani, Caring Across Generations Executive Director Ai-jen Poo, SEIU Executive Vice President Heather Conroy, National Association for Family Child Care CEO Erica Phillips, National Association for the Education of Young Children CEO Michelle Kang, among many other private sector leaders, public officials, and care economy advocates and stakeholders.

In addition to announcements from the Department of Commerce, the White House, and the U.S. Chamber of Commerce, the private sector also announced efforts to address the accessibility and affordability of child care:

Investing in America Child Care Partnership Announces New Coordinated Effort

A group of national funders announced the Investing in America Child Care Partnership, a new philanthropic coordinated effort to leverage federal infrastructure and child care funding to strengthen local child care systems and increase the supply of high-quality, affordable child care in communities where highways, roads, bridges, and climate/energy-related projects are underway and semiconductor chips manufacturers are set to begin building or expanding plants. In select counties in Arizona, Michigan, New Hampshire, and Ohio (with potential to add others), the Partnership will fund technical assistance to employers to support their diverse workforce and build partnerships with the child care sector; support child care providers to strengthen their business practices by combining federal and state dollars, hire and train staff, and provide quality care; work with county and city officials to ensure supportive local policies to allow for child care supply expansion; and support local grassroots organizations to elevate the voices of child care providers and families to create solutions that work for the community, as a whole. The effort will support immediate community needs and allow for important learnings to inform and strengthen state and federal advocacy and systems improvement.

The group of funders who are implementation partners include the Century Foundation, Child Care for Every Family Network, Community Change, EPIC - Executives Partnering to Invest in Children, National Association of Counties, National Children’s Facilities Network led by IFF, LISC, Low-Income Investment Fund, Policy Equity Group, Public Private Strategies Institute, SEMI Foundation, and the U.S. Chamber of Commerce Foundation.

Intel Corporation Announces Expansion of Child Care Services

Intel Corporation announced an expansion of its child care services. Specifically, the major U.S. chip company announced an increase in the child care provider networks available to its employees, an expansion to its current backup child care benefits, the launch of a new child care subsidy pilot for non-exempt employees, the launch of a new subsidy program with contractors for apprentices working on its construction sites, and efforts to increase child care availability near its facilities.

View a full list of speakers and participants and the agenda.

Secretary Raimondo first announced the National Child Care Innovation Summit in April during an event at the White House on expanding access to care and other supportive services workers need to train for and stay in good-paying jobs. A White House fact sheet on the Biden-Harris Administration’s progress toward providing care and other supportive services for workers is available here.

Bureaus and Offices U.S. Census Bureau Tags America's Data Agency

  U.S. Department of Commerce

 2 weeks 3 days ago

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Readout of U.S.-EU-Japan-Republic of Korea Ministerial Meeting
Readout of U.S.-EU-Japan-Republic of Korea Ministerial Meeting ASowah@doc.gov Wed, 06/26/2024 - 21:01 Export and investment promotion FOR IMMEDIATE RELEASE Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov

Today, U.S. Secretary of Commerce Gina Raimondo met with European Commission Executive Vice President Margrethe Vestager, Japanese Minister of Economy, Trade and Industry Saito Ken, and Republic of Korea Minister of Trade, Industry and Energy Ahn Duk-geun to discuss the importance of trustworthy and resilient supply chains in key sectors.

The Ministers discussed shared concerns regarding the potential for non-market policies and practices to distort markets and undermine our workers, industries, and the resilience and security of our economies. In alignment with the approach taken through other multilateral forums, including the U.S.-Japan-Republic of Korea Trilateral Commerce and Industry Ministerial Meeting, the Ministers discussed the need to diversify supply chains where necessary and appropriate, and will continue to communicate on this issue.

Bureaus and Offices International Trade Administration Tags European Union South Korea Japan

  U.S. Department of Commerce

 2 weeks 4 days ago

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Joint Readout of the Ministerial Meeting of the Japan-United States Commercial and Industrial Partnership
Joint Readout of the Ministerial Meeting of the Japan-United States Commercial and Industrial Partnership KCPullen@doc.gov Wed, 06/26/2024 - 16:51 Artificial Intelligence Export and investment promotion ICT Supply Chain Manufacturing FOR IMMEDIATE RELEASE Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov

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 supply sources for strategic goods. They recognized that such policies and practices have caused serious harm to industries and workers around the world, including in the Global South, and continue to create excess capacity and pose a grave risk to economic and national security in developed and developing economies alike. They discussed the need to address those systemic vulnerabilities, stemming from such strategic dependencies and overcapacities, and to promote a level playing field through coordinated efforts. In light of these concerns, they agreed to identify and operationalize joint efforts in specific strategic sectors and pursue, as appropriate, actions to increase the resilience of strategic supply chains, through strengthening supply and creating demand. These actions would be pursued both individually and collectively, including with like-minded partners, including in the Global South and will be based on the Principles on Resilient and Reliable Supply Chains, as articulated in the recent G7 Leaders’ Statement, and relevant criteria that take into account not only economic factors but also factors linked to the principles.

The Secretary and Minister also discussed several other areas of cooperation between the Department of Commerce and Ministry of Economy, Trade, and Industry, including on export controls and their desire to increase cooperation to strengthen the supply of gallium, germanium, and graphite.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Artificial Intelligence Related Content Joint Statement: Japan-Republic of Korea-United States Commerce and Industry Ministerial Meeting

  U.S. Department of Commerce

 2 weeks 4 days ago

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Joint Statement: Japan-Republic of Korea-United States Commerce and Industry Ministerial Meeting
Joint Statement: Japan-Republic of Korea-United States Commerce and Industry Ministerial Meeting KCPullen@doc.gov Wed, 06/26/2024 - 16:02 Artificial Intelligence Export and investment promotion ICT Supply Chain Manufacturing Trade enforcement FOR IMMEDIATE RELEASE Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov

We, U.S. Secretary of Commerce Gina Raimondo; Japanese Minister of Economy, Trade, and Industry Saito Ken; and Republic of Korea (ROK) Minister of Trade, Industry, and Energy Ahn Duk-geun met in Washington today for the inaugural meeting of Commerce and Industry Ministers. United by the vision established by our three leaders at their historic Trilateral Summit at Camp David on August 18, 2023, we resolve to focus our joint efforts on a set of strategic areas designed to enhance the security and prosperity of our people and the Indo-Pacific region.

Our shared intent is to leverage this trilateral mechanism to promote the development of critical and emerging technologies and strengthen the security and resiliency of our economies. Recognizing these two goals are intertwined, we aim to prioritize cooperation to strengthen the resilience of supply chains in key sectors, including semiconductors and batteries; and to promote the Principles on Resilient and Reliable Supply Chains, namely, transparency, diversification, security, sustainability, and trustworthiness and reliability. Together, we seek to deepen our coordination of export controls on advanced technologies; enhance private sector partnerships for collaborative research and innovation related to advanced industrial technologies; advance efforts to develop international standards and ensure safe, secure, and trustworthy use of artificial intelligence (AI); expand collaboration on critical and emerging technologies and on critical minerals; work together to strengthen economic security; and support long-term economic cooperation among the partners to support operationalizing the Indo-Pacific Economic Framework for Prosperity (IPEF). 

As part of these efforts, there is an urgency to our three sides working closely together to identify potential supply chain vulnerabilities for strategic goods that have resulted from a wide range of non-market policies and practices. We share concerns over the weaponization of economic dependencies on certain supply sources for strategic goods. To address the resulting, systemic vulnerabilities stemming from such dependencies, we intend to promote a level playing field through more closely coordinated efforts – including working together, and with other partners, on relevant criteria that take into account not only economic factors, but also factors linked to the Principles on Resilient and Reliable Supply Chains.   

Semiconductors: We reaffirm our recognition of the essential role that semiconductors play in a wide range of industries and applications important to the growth of our economies and preservation of our national security. We note our shared interest in building resilient semiconductor supply chains and aim to accelerate cooperation to achieve this goal.

Clean Energy: Recognizing the need to reduce the carbon intensity and overall greenhouse gas emissions of our respective economies, we reaffirm the importance of trilateral cooperation to strengthen global battery supply chains. In addition, we concur that clean/zero emission and low-carbon hydrogen and its derivatives, such as clean ammonia, will play an essential role in the decarbonization of a wide variety of sectors. Towards that end, we intend to cooperate to promote the development of secure and resilient global supply chains for clean/zero emission and low-carbon hydrogen and its derivatives, including the consideration of their carbon intensity, and to explore how the three ministries that we lead can enhance cooperation on low- and/or carbon-free energy emissions technologies, including clean/zero emission and low-carbon hydrogen and its derivatives.

Critical Minerals: We further reaffirm the importance of increasing the availability of critical minerals and resilience of the supply chains, including through enhanced processing and refining capabilities, which is a crucial step in the clean energy transition. We plan to further efforts by our governments and private sectors to promote and encourage the development of Rare Earth Element (REE) technologies, including REE extraction and separation, and to work to establish stable supply chains for REEs and permanent magnets. We share concerns over recent non-market measures we have witnessed, which may lead to unreasonable and significant supply chain disruptions for critical minerals that include gallium, germanium, and graphite, and we are determined to take appropriate actions where necessary to secure sustainable and resilient global supply chains.

Export Controls: We appreciate the transformative role that critical and emerging technologies will play in expanding our economies and reshaping the competitive and strategic landscape. Our three countries have an inherent interest in promoting the responsible use of such technologies, while denying technological advances to those who may utilize them to threaten global peace and security and undermine human rights. We note the progress being made through the U.S.-Japan-ROK Disruptive Technology Protection Network (DTPN), and we welcome its high-level meeting in Washington on April 25, which resulted in the signing of two memoranda of intent to enhance cooperation and information sharing to combat illicit technology transfer, and to further align on enforcement of export controls. We also welcome the success of the 30th Asian Export Control Seminar, hosted by Japan in February in cooperation with the United States and ROK, which advanced strategic trade control systems across Asia. We applaud the February convening of export control principals from our three countries to discuss further alignment of export control policies and enhancement of our ability to effectively collaborate on shared priorities. The principals agreed to cooperate on controls for critical and emerging technologies, further align on Russia controls, and collaborate on outreach to countries in Southeast Asia.

AI: We are aligned on the need to enhance cooperation in promoting the responsible use of AI by our private sectors, and to deepen discussions on establishing interoperable standards, methods, and evaluations for AI safety. We welcome the important work being undertaken by the U.S. and Japanese AI Safety Institutes, and we aim to explore ways to initiate collaborative research and innovation among our private sectors for AI.

Cybersecurity: We are aware of, and understand the importance that effective cybersecurity plays in our economic security and for the protection of critical infrastructure, systems, and data, and we commend the U.S. National Institute of Standards and Technology (NIST) for its recent release of its Cybersecurity Framework 2.0.

Standards: We recognize that technical standards will play an increasingly crucial role in promoting interoperability, competitiveness, inclusivity, and innovation in strategic technologies and sectors of our economies. We concur on the importance of continuing to work together to utilize existing cooperation frameworks and advance international standardization efforts.

IPEF: We welcome the progress made at the June IPEF Ministerial meeting and related events in Singapore, including the signing of the IPEF Clean Economy Agreement, Fair Economy Agreement, overarching Agreement on IPEF, and entry into force of the Supply Chain Agreement at the end of February. We reaffirm our commitment to working together and with the other IPEF partners to deliver tangible benefits to the IPEF partners’ economies, citizens, and the private sector under these agreements. In addition, we welcome the outcomes of the inaugural Clean Economy Investor Forum, a landmark event that helped facilitate private investment in the Indo-Pacific region and a clear demonstration of the innovative approaches in which IPEF partners and the private sector can collaborate. We also reaffirm our commitment to the IPEF Clean Economy Agreement, including through the launch among participating IPEF partners of the Cooperative Work Programs on hydrogen, clean electricity, carbon markets, just transition, sustainable aviation fuel, embedded intensity accounting, e-waste urban mining, and small modular reactors.

NEXT STEPS: We pledge to support investment into one another’s economies and commercial engagements to the benefit of our economies, private sectors, workers, and communities. Looking ahead, we intend to meet annually at the Ministerial level and to charge our teams to engage between meetings to advance progress in the areas identified for collaboration.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Artificial Intelligence Indo-Pacific Economic Framework Indo Pacific Clean Energy critical minerals Related Content U.S.-Japan-Korea Commerce Trilateral

  U.S. Department of Commerce

 2 weeks 4 days ago

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U.S.-Japan-Korea Commerce Trilateral
U.S.-Japan-Korea Commerce Trilateral KCPullen@doc.gov Wed, 06/26/2024 - 15:53 Artificial Intelligence Export and investment promotion Manufacturing Our Workforce Development Strategy AS PREPARED FOR DELIVERY Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov Gina M. Raimondo

Minister Ahn, Minister Saito, it’s my honor to welcome you to the United States Department of Commerce.

Thank you for being here for the first-ever U.S.-Japan-Korea Commerce and Industry Ministerial.

When our leaders met at Camp David last August for their historic Trilateral Summit, they charged us with using this new, trilateral platform to raise our shared ambitions to a new horizon.

This is an important responsibility.

My department’s relationship with both of yours is already as close as any we have in the world.

In the area of semiconductors, where my department is implementing the $50 billion CHIPS program, we are working closely to build more resilient global supply chains.

And beyond semiconductors, we are collaborating in new areas such as biotech and biomanufacturing, quantum, AI, robotics, and other advanced manufacturing.

Now is the time for us to align more closely than ever to continue promoting the development of critical and emerging technologies, while also strengthening strategic supply chains and protecting our national and economic security through effective export controls. 

As leading economies in manufacturing, services, and innovation, we do so with the awareness that our work must benefit not just our countries, but also our partners around the world and the Global South.

I look forward to our discussion today, and to getting to work on all of this.

Thank you.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Artificial Intelligence

  U.S. Department of Commerce

 2 weeks 4 days ago

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Readout of Secretary Raimondo’s Meeting with Costa Rican Minister for Foreign Trade Manuel Tovar
Readout of Secretary Raimondo’s Meeting with Costa Rican Minister for Foreign Trade Manuel Tovar KCPullen@doc.gov Wed, 06/26/2024 - 15:44 ICT Supply Chain Infrastructure FOR IMMEDIATE RELEASE Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov

Today, Secretary of Commerce Gina Raimondo met with Costa Rica’s Minister for Foreign Trade Manuel Tovar. The two discussed efforts to elevate Costa Rica’s role in semiconductor assembly, testing, and packaging following the Secretary’s March visit to Costa Rica. They discussed the Ministry’s recent efforts to deepen commercial collaboration with Singapore, Japan and Taiwan, as well as progress made on Costa Rica’s Semiconductor Roadmap. The Secretary also commended Minister Tovar and the Government of Costa Rica’s efforts to promote secure and interoperable 5G infrastructure across the country.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Costa Rica

  U.S. Department of Commerce

 2 weeks 4 days ago

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Biden-Harris Administration Announces Preliminary Terms with Entegris to Onshore Supply Chain Materials for Leading-Edge Chip Production
Biden-Harris Administration Announces Preliminary Terms with Entegris to Onshore Supply Chain Materials for Leading-Edge Chip Production ASowah@doc.gov Wed, 06/26/2024 - 05:00 Manufacturing FOR IMMEDIATE RELEASE Wednesday, June 26, 2024 Office of Public Affairs publicaffairs@doc.gov

Proposed Investment Would Support Construction of a State-of-the-Art Manufacturing Center and Create Over 1,100 Direct Jobs in Colorado Springs, Colorado 

Today, the Biden-Harris Administration announced that the Department of Commerce and Entegris, a key supplier of advanced materials and process solutions for leading-edge chipmakers, have reached a non-binding preliminary memorandum of terms (PMT) to provide the company with up to $75 million in proposed federal incentives under the CHIPS and Science Act. President Biden signed the bipartisan CHIPS and Science Act to usher in a new era of semiconductor manufacturing in the United States, bringing with it a revitalized domestic supply chain, good-paying jobs, and investments in the industries of the future. The proposed investment would onshore critical semiconductor supply chain and manufacturing materials for leading-edge chip production and create nearly 600 direct manufacturing jobs over a period of several years and approximately 500 construction jobs by 2030.   

“As the Biden-Harris Administration is revitalizing America’s semiconductor manufacturing industry, we’re not just bringing leading-edge chip technology and fabs to the United States, we’re also bolstering the suppliers that make leading-edge manufacturing possible,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden’s leadership, we are working to onshore and expand critical pieces of the semiconductor supply chain, and create quality, good-paying jobs for Americans in the process.” 

“President Biden continues to Invest in America by delivering good-paying jobs, strengthening our supply chains, and rebuilding our economy from the middle-out and bottom up. Today’s announcement would create over 1,100 new jobs in Colorado that will help power America’s semiconductor industry and drive American competitiveness,” said White House Deputy Chief of Staff Natalie Quillian. “Thanks to the President’s CHIPS and Science Act, Colorado Springs and communities across the country are playing an essential role in America’s manufacturing renaissance.”  

Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Notably, the company invented the Front Opening Unified Pods (FOUPs), which are the highly specialized containers that secure semiconductor wafers while they are handled and transported during the manufacturing process. These internal transportation systems have dramatically enhanced the productivity of semiconductor manufacturing over the last two decades, with some of the world’s largest chipmakers, like Intel, TSMC, Micron, and GlobalFoundries, being major customers for these carriers. Entegris is also a global leader in the production of advanced membranes, chemical filters, and chemical storage drums that help with contamination control and the purification of processing chemicals in the production process. As semiconductor technology continues to become more advanced, demand for these materials is rapidly increasing.  

“We are excited to be working with the Department of Commerce to help achieve the goal of strengthening the U.S. semiconductor industry infrastructure,” said Entegris President and Chief Executive Officer Bertrand Loy. “This proposed federal support would help further position us to respond quickly to meet the needs of our customers, the leading chip manufacturers, while also re-establishing Colorado as a major technology hub.” 

The proposed CHIPS investment would support Entegris’ construction of its state-of-the-art manufacturing center in Colorado Springs. The center is being built in multiple phases: the first to support production of FOUPs—which are currently entirely produced abroad—and liquid filter membranes, and the second phase to support the production of advanced liquid filters and purifiers as well as fluid handling solutions. In addition to the manufacturing center, Entegris is also committed to further expanding their R&D capabilities in the United States by the end of the decade. 

Entegris is partnering with Microchip Technology Inc., Pikes Peak State College, Pikes Peak Business, and Education Alliance, as well as various school districts and universities, to collaborate on workforce development and create a self-sustaining ecosystem in Colorado Springs and the Mountain West region. Entegris will also designate their project as a Military Center of Excellence that aims to recruit 50% of its entire project workforce from Veteran and military families through partnerships with Hiring our Heroes, Mt. Carmel Veterans Service Center, the SEMI Veteran Foundation, and local military bases.  

In addition, according to Entegris, the construction and operation of the facility will align with Entegris’ comprehensive Corporate Social Responsibility framework, emphasizing environmental sustainability. Entegris has established a sustainability goal to reduce its greenhouse gas emissions (both type 1 and 2) by 42% by 2030 from the 2020 baseline. Entegris also plans to include facility designs that prioritize water recovery and recycling measures to reduce dependency on freshwater and to recycle 80% of process water.  

The company has indicated that it plans to claim the Department of the Treasury’s Investment Tax Credit, which is expected to be up to 25% of qualified capital expenditures. As explained in its first Notice of Funding Opportunity, the Department may offer applicants a PMT on a non-binding basis after satisfactory completion of the merit review of a full application. The PMT outlines key terms for a potential CHIPS incentives award, including the amount and form of the award. The award amounts are subject to due diligence and negotiation of award documents and are conditional on the achievement of certain milestones. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant. The terms contained in any final award documents may differ from the terms of the PMT being announced today. 

About CHIPS for America 

CHIPS for America has announced up to $29.5 billion in proposed funding across eleven preliminary memoranda of terms to revitalize America’s semiconductor industry. These proposed CHIPS for America investments are already delivering significant results, including unlocking more than $300 billion in public and private investment between now and the end of the decade -- far and away the most investment in new production in the history of the U.S. semiconductor industry.   

Earlier this year, Secretary Raimondo announced that we anticipate that America will produce 20% of the world’s leading-edge chips by the end of the decade, meaning our innovation capacity will no longer be as vulnerable to supply chain disruptions as it is today. The Semiconductor Industry Association released a report saying that America is on track to triple its domestic semiconductor manufacturing capacity from 2022 – when the CHIPS and Science Act was enacted – to 2032. The projected 204% growth is the largest projected percent increase in the world over that time. 

With these announcements, America now has four of the world’s five leading-edge companies aggressively expanding on our shores. No other economy in the world has more than two of these companies producing leading-edge chips on its shores. 

The Department has received more than 665 statements of interest, more than 167 pre-applications and 89 full applications for NOFO 1, and more than 160 small supplier concept plans for NOFO 2. The Department is continuing to conduct rigorous evaluation of applications to determine which projects will advance U.S. national and economic security, attract more private capital, and deliver other economic benefits to the country. The announcement with Entegris is the eleventh PMT announcement the Department of Commerce has made under the CHIPS and Science Act, with additional PMT announcements expected to follow throughout 2024. 

CHIPS for America is part of President Biden’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. NIST is uniquely positioned to successfully administer the CHIPS for America program because of the bureau’s strong relationships with U.S. industries, its deep understanding of the semiconductor ecosystem, and its reputation as fair and trusted. Visit https://www.chips.gov to learn more. 

Bureaus and Offices National Institute of Standards and Technology Tags CHIPS for America CHIPS and Science Act Semiconductor Industry

  U.S. Department of Commerce

 2 weeks 4 days ago

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In Milwaukee, Secretary Raimondo Announces New Wisconsin-Based Companies Join Million Women in Construction Community Pledge
In Milwaukee, Secretary Raimondo Announces New Wisconsin-Based Companies Join Million Women in Construction Community Pledge KCPullen@doc.gov Mon, 06/24/2024 - 13:11 ICT Supply Chain Investing in communities and workers Manufacturing FOR IMMEDIATE RELEASE Monday, June 24, 2024 Office of Public Affairs publicaffairs@doc.gov

Wisconsin-based companies, Miron and Boldt join a growing list of construction industry leaders, including Bechtel and Turner who announced their support earlier last week.

On Friday, U.S. Secretary of Commerce Gina Raimondo traveled to Milwaukee to join Governor Tony Evers and the Wisconsin Regional Training Partnership WRTP | BIG STEP for a roundtable on women in construction and the trades, where she called on Wisconsin companies, unions, and training organizations to sign on to the Million Women in Construction Community Pledge to bring more women into the construction workforce.

Following her event, which included two Wisconsin-based companies, The Boldt Company and Miron Construction – two of the largest contractors in the state – she announced that both will sign on to the Department of Commerce’s Million Women in Construction Community Pledge. These two companies join a growing list of leading construction companies that have signed on to the Pledge, including Bechtel and Turner Construction, Baker Construction, Gilbane Building Company, McKissack & McKissack, Mortenson, Power Design, Shawmut Design and Construction, and Suffolk.

“President Biden’s Investing in America agenda is creating a construction boom all over the country, and with that boom comes a huge increase in jobs and opportunities for workers in construction and the trades. But to fill these jobs and get projects underway, we need to ensure we are tapping into the full potential of our workforce and that means we have to get more women in the door,” said Secretary Raimondo. “I am thrilled to be expanding our Million Women in Construction Community Pledge with Boldt and Miron’s commitment to support proven strategies that will help women and underserved communities in Wisconsin get access to good-paying, quality jobs in construction and the trades.”

By signing on to the Million Women in Construction Community Pledge, leaders in the industry are demonstrating an ongoing commitment to increase women’s access to training, jobs and leadership opportunities. Signers will  focus on or scale up equitable hiring and workforce development efforts that create broader pipelines and opportunities for women. This industry-wide call to action encourages signers to voluntarily take action by utilizing best practices, including building community partnerships to reach women and girls, investing in solutions that increase supportive services such as child care, and fostering safe, healthy, and respectful workplaces.

In October of 2022, Secretary Raimondo announced the Million Women in Construction initiative, which aims to help build a new inclusive American workforce by doubling the number of women in construction over the next decade.

Last month, the Commerce Department announced a new industry voluntary pledge to bring more women into the construction industry, which included a number of leading construction companies. In addition, the Department also recently announced a CHIPS Women in Construction Framework with the goal of expanding the U.S. construction workforce. Under the Framework, semiconductor manufacturing companies will work with contractors, trade unions, and other community and workforce partners to implement best practices that will expand the construction workforce by increasing the participation of women and economically disadvantaged individuals.

“We at The Boldt Group recognize the importance of women at every level of our organization, from our leadership team to our skilled tradespeople. I am proud to sign the Million Women in Construction Community Pledge on behalf of The Boldt Group,” said Dave Kievet, President and CEO, The Boldt Group. “Boldt will continue to build on women's access to training, jobs and leadership coaching; scale our equitable hiring and workforce development efforts; adopt more best practices and support women in a safe, healthy and respectful workplace in alignment with the pledge.”

“Miron Construction understands that diversity drives innovation. With women comprising 10.9 percent of the construction industry and only 4.3 percent of skilled trade workers, our industry has an imbalance in gender diversity. Miron is committed to the equitable inclusion of all traditionally marginalized groups; we are excited to see the Million Women in Construction pledge help fill the skilled trades gap with passionate and smart individuals and increase gender diversity in the construction industry,” said Dave Walsh, Executive Vice President, Human Resources for Miron Construction.

The Million Women in Construction initiative is a nationwide call to action for the construction industry – construction contractors, trade unions, and training institutions – to commit to bold steps that will ensure a robust and diverse workforce in the years ahead. It will be necessary to recruit, train, hire, and retain thousands of new and non-traditional workers – the next generation of skilled laborers and leaders who are prepared to rebuild U.S. infrastructure and supply chains and complement Federal government investments.

Leadership Gina M. Raimondo Tags Million Women in Construction Workforce Development

  U.S. Department of Commerce

 2 weeks 6 days ago

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U.S. Departments of Commerce, Labor, and Education Expand SelectTalentUSA Partnership to New International Markets, Increasing Quality Jobs and Apprenticeships through FDI
U.S. Departments of Commerce, Labor, and Education Expand SelectTalentUSA Partnership to New International Markets, Increasing Quality Jobs and Apprenticeships through FDI KCPullen@doc.gov Mon, 06/24/2024 - 11:05 Investing in communities and workers Manufacturing FOR IMMEDIATE RELEASE Monday, June 24, 2024 Office of Public Affairs publicaffairs@doc.gov

Joint initiative strengthens federal workforce technical assistance to foreign multinational businesses in Japan, South Korea, and Taiwan starting or expanding U.S. operations

Today, the U.S. Department of Commerce announced a market expansion of SelectTalentUSA, a joint initiative across the U.S. Departments of Commerce, Labor, and Education providing technical assistance to foreign businesses to deliver recruitment and training programs for their U.S. workforce. Now SelectTalentUSA will include clients from Japan, South Korea, and Taiwan, to better serve the need of their semiconductor and supply chain firms and other companies seeking to establish or expand U.S. operations.

Launched in May 2023, SelectTalentUSA was first piloted in Austria, German, Liechtenstein, and Swiss markets, with the recent addition of, and with a focus on Registered Apprenticeships to increase cooperation and information exchange.

SelectTalentUSA helps foreign investor companies build local and state partnerships, adapt their talent-development approaches to the United States, and harness America’s comparative advantage – its diverse and skilled workforce. The Departments of Commerce, Labor, and Education along with over 20 other departments comprise the SelectUSA-led Interagency Investment Working Group (IIWG) to increase coordination and provide guidance and information related to specific and broad-reaching issues that affect business investment decisions.

SelectTalentUSA will leverage the IIWG to connect foreign investors to the resources and experts to establish quality training, education, and programs. During the pilot year, SelectUSA and the Departments of Labor and Education conducted outreach to companies focusing on Registered Apprenticeships (RA) with several developing programs. This outreach has resulted in companies either signing, or close to signing, RA standards with the Department of Labor to start new U.S. training programs.

SelectTalentUSA supports efforts to promote foreign direct investment that creates good-paying jobs in America. These investments are essential to the Biden-Harris Administration’s work in creating an equitable economy for workers and families and revitalizing communities that have been overlooked or left behind. This initiative also provides information and connections to foreign investors to help them successfully navigate the American workforce. The program’s expansion allows for more investor companies in varying markets to access the American workforce, create a skilled, talent pipeline, and create more quality job opportunities.  It also increases SelectUSA’s support for the goals of the CHIPS for America program, a suite of programs to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing.

About SelectUSA

Housed within the International Trade Administration at the U.S. Department of Commerce, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors and raises awareness of the critical role that economic development plays in the U.S. economy. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps foreign companies find the information they need to make decisions, connect to the right people at the local level, navigate the federal regulatory system, and find solutions to issues related to the federal government. For more information, visit www.trade.gov/selectusa.

Bureaus and Offices International Trade Administration Tags SelectUSA Investment Summit SelectUSA Foreign direct investment [FDI] Workforce Development

  U.S. Department of Commerce

 2 weeks 6 days ago

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Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness
Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness ASowah@doc.gov Thu, 06/13/2024 - 20:17 Export and investment promotion FOR IMMEDIATE RELEASE Thursday, June 13, 2024 Office of Public Affairs publicaffairs@doc.gov

Yesterday, U.S. Secretary of Commerce Gina Raimondo met virtually with the Advisory Committee on Supply Chain Competitiveness (ACSCC).

During the meeting, Secretary Raimondo underscored the crucial role that the Department of Commerce is playing in assessing and addressing challenges related to supply chain resilience and economic security. Specifically, the Secretary highlighted the value in leveraging the Department of Commerce’s Supply Chain Center to get ahead of supply chain challenges in collaboration with the private sector and the significance of working with our international partners to reduce barriers and create a level playing field for American firms and create American jobs. The Secretary also provided an update on the historic investments that the Biden-Harris Administration is making to strengthen supply chains and prevent future disruptions. She emphasized the Administration’s commitment to expanding production capacity in key sectors and building infrastructure and specifically provided an update on Commerce’s work in implementing the CHIPS and Science Act.

Prior to the Secretary’s remarks, Assistant Secretary of Commerce for Industry & Analysis Grant T. Harris provided an update on the work that the Supply Chain Center is doing to help bolster supply chain resilience, mitigate risks, and safeguard America’s economic and national security interests. Assistant Secretary Harris described the Supply Chain Center’s cutting-edge work to create a cross-sectoral risk assessment framework to identify systemic supply chain risk across the U.S. economy. He also updated the ACSCC on the Supply Chain Center’s work to create a playbook for the U.S. Government to use to understand and drive actions to strengthen supply chains related to critical and emerging technologies.

Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Venkataraman led a session on the Department’s priorities with Vietnam and India to increase collaboration on supply chain diversification and resilience. Lastly, Sharon Yuan, Chief Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiator provided an update on how the United States and the 13 IPEF partners are working together to identify mutual supply chain priorities, share key information and analysis, and coordinate action to enhance global supply chain resilience that is consistent with our shared values.

The Committee advises the Secretary of Commerce on elements of a comprehensive, holistic national freight infrastructure, and a national freight policy designed to support U.S. export growth, foster national economic competitiveness, and improve U.S. supply chain competitiveness in the domestic and global economy. The Committee’s work is intended to further the Administration’s export, economic, and job growth goals. Visit www.trade.gov/advisory-committee-supply-chain-competitiveness to learn more.

The Supply Chain Center (SCC), housed within the International Trade Administration’s Industry and Analysis (I&A) unit, proactively works with American businesses and communities in increase the resilience of supply chains and address supply chain challenges. The Center integrates industry expertise and data analytics to develop innovative supply chain risk assessment tools, coordinate case studies on select critical supply chains, and collaborate with industry and international partners to strengthen supply chains.

Bureaus and Offices International Trade Administration Tags Supply Chain

  U.S. Department of Commerce

 1 month ago

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Readout of Secretary Raimondo’s Meeting with Secretary-General of ASEAN Dr. Kao Kim Hourn
Readout of Secretary Raimondo’s Meeting with Secretary-General of ASEAN Dr. Kao Kim Hourn KCPullen@doc.gov Thu, 06/13/2024 - 10:21 Artificial Intelligence Export and investment promotion FOR IMMEDIATE RELEASE Thursday, June 13, 2024 Office of Public Affairs publicaffairs@doc.gov

Yesterday, Secretary of Commerce Gina Raimondo met with Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dr. Kao Kim Hourn to discuss the Department of Commerce’s commitment to ASEAN and ASEAN member countries. The two discussed opportunities to increase trade and investment ties between the United States and the ASEAN region. The Secretary welcomed robust participation from ASEAN member countries at the Department’s SelectUSA Investment Summit from June 23-26 and increased Southeast Asian investment into the United States.

Secretary Raimondo also announced that the Department of Commerce will work with other U.S. government agencies to offer an expanded set of capacity building opportunities to ASEAN, in support of our economic engagement under the ASEAN-U.S. Comprehensive Strategic Partnership. As part of this effort, the Department of Commerce will continue to prioritize its work on standards with the ASEAN Consultative Committee on Standards and Quality. It will also support AI-focused and other digital economy-related technical assistance the United States is providing to negotiators of the ASEAN Digital Economy Framework Agreement.

Bureaus and Offices International Trade Administration Leadership Gina M. Raimondo Tags Secretary Gina Raimondo Artificial Intelligence SelectUSA SelectUSA Investment Summit Foreign direct investment [FDI]

  U.S. Department of Commerce

 1 month ago

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