Commerce Week at a Glance: Demonstrating the Power of Trade and Entrepreneurship

Bookmark and Share     Having trouble viewing this email? View it as a Web page.

May 2015

As you all know, it is an incredibly important few weeks when it comes to moving the nation’s trade agenda forward. Secretary Pritzker continued to make the case for powerful new trade agreements that lower tariffs and remove barriers for U.S. companies so they can more effectively compete around the world. Today, 96 percent of consumers live outside our borders, and expanded trade and exports mean more jobs for more Americans. The Secretary traveled to Miami last week to talk about the importance of these agreements at the “Discover Global Markets: The Americas” event hosted by the Commerce Department’s International Trade Administration and the Florida District Export Council. She announced that she will be travelling to South America in June, which will be her first as Secretary and demonstrates the Administration’s focus on the Americas to produce a new wave of trade and commerce.

Last week was also a big week for demonstrating the power of entrepreneurship. Secretary Penny Pritzker joined President Obama at the White House to celebrate some of America’s greatest entrepreneurs in announcing the expansion of the Presidential Ambassadors for Global Entrepreneurship (PAGE) Initiative, with nine new members. Secretary Pritzker chairs the PAGE Initiative, a group of successful American businesspeople who each have committed to sharing their energy, experience, and a signature initiative to help develop the next generation of entrepreneurs.

Deputy Secretary Bruce Andrews concluded his cybersecurity trade mission to Poland and Romania last Friday. During the mission, Deputy Secretary Andrews spoke about the importance of uniting the public and private sector to combat cybersecurity threats at the first Regional Cybersecurity Summit in Bucharest, Romania. At the American Chamber of Commerce in Warsaw, Poland, he highlighted the strong U.S.-Poland economic relationship and efforts to continue to deepen economic, commercial, and trade ties with Poland.

Around Commerce, NOAA welcomed two new Seaports in Louisiana as part of the Physical Oceanographic Real-Time System (PORTS); USPTO inducted fourteen of America’s greatest innovators into the National Inventors Hall of Fame; ITA announced an upcoming healthcare trade mission to Egypt, Jordan, and Israel; and several bureaus participated in the White House Summit on Asian Americans and Pacific Islanders (AAPIs) for Asian-Pacific American Heritage Month.

Hope you had a great weekend; and as always, thank you for keeping America Open for Business.

-Jim

Latest News

Commerce Secretary Penny Pritzker Joins President Obama in Announcing Expanded Presidential Ambassadors for Global Entrepreneurship (PAGE) Initiative - U.S. Secretary of Commerce Penny Pritzker joined President Obama in celebrating emerging entrepreneurs from across the United States and around the world. During the event, the White House announced the addition of nine new members of the Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative, which Secretary Pritzker chairs.

U.S. Secretary of Commerce Penny Pritzker Celebrates White House Expansion of Highly Successful Presidential Ambassadors for Global Entrepreneurship Initiative - U.S. Secretary of Commerce Penny Pritzker recognized emerging entrepreneurs from across the United States at the PAGE event. PAGE is a group of America’s most respected business creators who have committed to sharing their time, energy, ideas, and experience to help develop the next generation of entrepreneurs around the world.

From Airbnb to KIND Snacks: The White House Celebrates Entrepreneurs Around the World - At the Global Entrepreneurship meeting, President Obama welcomed emerging entrepreneurs from across the country and around the world to the White House to honor their achievements in their fields of business.

FACT SHEET: Expanding and Building Upon the Success of the Presidential Ambassadors for Global Entrepreneurship (PAGE) Initiative - The Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative was created to develop the next generation of entrepreneurs both at home and abroad. President Obama launched the initiative last April in the Roosevelt Room at the White House. In the initiative’s first year, PAGE members utilized their knowledge, ideas, and talent to inspire and empower the next generation of entrepreneurs both at home and around the world, by using their voice and platforms to deliver on the program’s mission.

Remarks from U.S. Commerce Secretary Penny Pritzker at the Discover Global Markets: The Americas Forum - U.S. Secretary of Commerce Penny Pritzker announced today that she will travel to Colombia and Brazil next month, making her first trip to South America since joining the Commerce Department. As part of the Administration’s strong and sustained engagement throughout the hemisphere, she will meet with business executives and government leaders in both countries focusing on ways to deepen bilateral commercial relations.

Secretary Pritzker Addresses Importance of Supply Chain Innovation and Public-Private Partnerships at Global Supply Chain Summit 2015 - Secretary Pritzker delivered the keynote speech at the Global Supply Chain Summit hosted by the U.S. Chamber of Commerce. The event gathered business leaders and supply chain experts to discuss the biggest supply chain challenges facing U.S. manufacturers, opportunities for supply chain innovation, and efforts to better unite the public and private sector to enhance supply chain processes.

Remarks from U.S. Commerce Secretary Penny Pritzker at the Global Supply Chain Summit 2015 - U.S. Secretary of Commerce Penny Pritzker delivered remarks on the importance of the public and private sectors working together to improve America’s supply chains at the Global Supply Chain Summit 2015. During her remarks, Secretary Pritzker discussed the need for innovation, infrastructure, and border management to help ensure U.S. businesses can more efficiently and effectively sell their goods around the world.

The rise of the micro-multinational, and why it matters to the U.S. economy – U.S. Secretary of Commerce Penny Pritzker and Devin Wenig, eBay CEO-designee, share the importance of businesses thinking globally. Any entrepreneur or CEO faces a world that is more interconnected and more competitive than ever -- and to succeed in the 21st century, any smart enterprise knows that its customer base is not just around the corner, but around the world.

Building a Brighter Future for Coal Communities - Commerce Secretary Penny Pritzker and Labor Secretary Thomas E. Perez discuss the dramatic transformation in the energy economy that is driving fundamental changes in the way Americans power their homes, offices, factories and communities. They also share how government, at all levels, can better partner with the private sector and civil society to help communities diversify their economies.

Deputy Secretary Bruce Andrews Highlights Economic Partnership with Poland at American Chamber of Commerce in Warsaw - Deputy Secretary Bruce Andrews discussed America's economic relationship with Poland at the American Chamber of Commerce in Warsaw, Poland. As one of the United States’ closest partners in fostering transatlantic security, strengthening economic prosperity, and promoting democracy, American businesses and government leaders want to continue to deepen economic and commercial ties with Poland.

Deputy Secretary Bruce Andrews Celebrates U.S.-Polish Partnership in Aerospace Industry - Bruce Andrews, Deputy Secretary of the U.S. Department of Commerce, joined Polish Deputy Minister of Economy Andrzej Dycha on Friday, May 15 to commemorate a new business deal between Boeing Commercial Airlines and United Technologies Corporation (UTC) Aerospace Systems that will create more jobs in Poland.

Deputy Secretary Bruce Andrews Delivers Keynote Address at Regional Cybersecurity Summit in Bucharest, Romania - Deputy Secretary Bruce Andrews kicked-off the Regional Cybersecurity Summit in Bucharest, Romania by discussing the importance of cybersecurity as the keynote speaker. The event, co-hosted by the Government of Romania and the U.S. Government, gathered businesses and delegates from the Deputy Secretary’s trade mission and public and private sector officials from Central and Southeast Europe to discuss cybersecurity challenges and opportunities in the region.

World Trade Month: NOAA Welcomes Two New Seaports as Part of the Physical Oceanographic Real-Time System (PORTS®) - Two southeast Louisiana shipping hubs, critical to the U.S. economy, are now part of NOAA's Physical Oceanographic Real Time System (PORTS®). The new multi-sensor systems will increase navigation safety and allow for increased efficiency on ships transiting through the Port of Morgan City and Port Fourchon, Louisiana.

Spotlight on Commerce: MBDA National Deputy Director Albert Shen – In a guest blog post by Albert Shen, National Deputy Director of the Minority Business Development Agency (MBDA), Shen highlights Asian Pacific Islander (API) Heritage Month as a celebration of the culture, traditions, and history of Asian Americans and Pacific Islanders in the United States.

2015 Inventors Hall of Fame Inductees Honored at the Smithsonian - The United States Patent and Trademark Office (USPTO) inducted fourteen of America’s greatest innovators into the National Inventors Hall of Fame Tuesday night. Seven living inventors were inducted, and another seven were named posthumously.

Rural Communities Rising to the (i6) Challenge – In its new form as part of EDA’s Regional Innovation Strategies (RIS) Program, the 2014 i6 Challenge aimed to make targeted, strategic investments in a broader range of communities. Of the more than 240 applications that EDA received for RIS Program funds, rural and other non-metropolitan communities represented a substantial subset of both the i6 Challenge and the Cluster Grants for Seed Capital Funds competition.

Department of Commerce Hosts Forum to Better Aid Internet Exporters - Recently, incoming eBay CEO Devin Wenig, eBay executives, and Department of Commerce leadership including Secretary Penny Pritzker and Under Secretary Stefan Selig hosted a first-of-its-kind “Listen and Learn” session with small businesses who are successfully making international sales online through eBay Marketplace. For policymakers, the session brought to life the experiences of technology-enabled exporters, and for participating businesses, it provided valuable insight into the scope of available U.S. government export resources and how to effectively use them.

Data

Advance Monthly Sales for Retail and Food Services – April 2015: U.S. retail and food services sales for April were $436.8 billion, virtually unchanged from the previous month.

Manufacturing and Trade: Inventories and Sales – March 2015: U.S. total business end-of-month inventories for March 2015 were $1,786.2 billion, up 0.1 from last month. U.S. total business sales were $1,309.7 billion, up 0.4 from last month.

Quarterly Retail E-Commerce Sales: 1st Quarter 2015: U.S. retail e-commerce sales for the first quarter of 2015 was $80.3 billion, an increase of 3.5 percent from the fourth quarter of 2014. Total retail sales for the first quarter of 2015 were estimated at $1,151.2 billion, a decrease of 1.5 percent from the fourth quarter of 2014. E-commerce sales in the first quarter of 2015 accounted for 7.0 percent of total sales.

Commerce Data in the News:

The New York Times cites Census Bureau statistics on age and fertility to write that the share of highly educated women who are childless into their mid-40s has fallen significantly over the last two decades in the article, More Women Find Room for Babies and Advanced Degrees.

The Associated Press cites Census Bureau statistics on governments to write that overall state tax collections are up 2.2 percent, representing the fourth consecutive annual increase, but 17 states reported declines in tax revenue with Alaska seeing the biggest drop, $1.7 billion, in the article, Nearly Half of States Expect to Confront Big Budget Gaps.

Time magazine cites workforce figures from the Census Bureau to write that adults between the ages of 18-34 now make up one in three American workers in the article, Millennials Now Largest Generation in the U.S. Workforce.

Data Releases Next Week:

New Residential Construction: April 2015

This Week

Today, Secretary Pritzker will present 45 American companies from 20 states with the 2015 Presidential “E” Award.  The Presidential “E” Award was created by President John F. Kennedy in 1961 to recognize persons, firms, and organizations that significantly contribute to increasing U.S. exports.

Secretary Pritzker will deliver remarks at the Aerospace Industries Association Board of Governors on Tuesday. AIA is the voice of the U.S. aerospace and defense industry and represents approximately 380 of the industry’s leading manufacturers. During her remarks, Secretary Pritzker will discuss the importance of the aerospace industry to the U.S. economy and American workers.

On Wednesday, U.S. Secretary of Commerce Penny Pritzker will meet with Tunisian President Beji Caid Essebsi and U.S. business leaders to discuss the status of reforms in Tunisia at a business roundtable in Washington, DC.

Deputy Secretary Bruce Andrews will visit ABB Robotics Company in Detroit, MI on Wednesday. ABB is a leading supplier of industrial robots, modular manufacturing systems and service.

This week, Under Secretary for International Trade Stefan Selig will travel to Beijing, China, to co-lead the U.S. side during the U.S.-China Joint Commission on Commerce and Trade (JCCT) Mid-Year Review alongside with Deputy U.S. Trade Representative Robert Holleyman.

On Wednesday, National Cybersecurity Center of Excellence Director and NIST Chief Cybersecurity Advisor Donna Dodson will give the Visionary Keynote address at the Advanced Technology Academic Research Center (ATARC) in Washington, DC. The educational one-day symposium will feature cybersecurity subject matter experts from the federal government and academia on panels with topics such as Information Sharing Across the Cyber Domain; Security: The Cornerstone of Federal IT; and The Future of Cybersecurity.

On Thursday, the Census Bureau releases its annual population estimates for every incorporated city and town across the country, as well as updating estimates of the national, state and county housing units.

This Friday, Assistant Secretary for Economic Development Jay Williams will travel to Rutgers University in Newark, NJ to announce the Science & Research Park grantees under the 2014-2015 Regional Innovation Strategies program.

Photo of the Week

Secretary Pritzker addresses importance of supply chain innovation and public-private partnerships at the Global Supply Chain Summit 2015, hosted by the U.S. Chamber of Commerce. 

Infographic of the Week

Transportation Alternatives by Census Region — The Census Bureau produced an infographic using data from the American Housing Survey that shows which regions like to use the bus or train, or prefer to bike or walk.