Digital Economy

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July 31, 2015

This week, Secretary Penny Pritzker wrapped up her trip to Brussels, Belgium as well as Nairobi, Kenya, where she attended the Global Entrepreneurship Summit. During her travels, Secretary Pritzker discussed the digital economy and digital single market with the European Union, made strides introducing entrepreneurship to young innovators with President Obama and PAGE members, and met with Commercial Service teams to thank them for promoting American goods and services around the world.  Upon her return, the Secretary continued to discuss the importance of the Export-Import Bank and trade to our economy, and also traveled to the Upper Peninsula of Michigan to engage with tribal leaders, native youth, and native-owned businesses on ways to provide better resources and opportunities.

Around Commerce, ITA played a critical role in a historic agreement between nearly 50 countries to eliminate tariffs on information and communication technologies; NIST launched their first app challenge to improve data access; and NOAA is better preparing our coasts to cope with natural disasters.

Have a wonderful weekend! Let’s continue to keep America Open for Business.

Best wishes,

Jim

Latest News

U.S. Secretary of Commerce Penny Pritzker Joins President Obama in Kenya for Global Entrepreneurship SummitAs the Administration’s point person on entrepreneurship, Secretary Pritzker highlighted the work that the Department of Commerce does to address and support innovation at the 2015 GES.

Secretary Pritzker Talks Digital Economy and Innovation with EU - Last week, U.S. Secretary of Commerce Penny Pritzker traveled to Brussels, where she engaged European Union leaders in discussions on the transatlantic digital economy.

Supporting Vibrant Native American Communities - Today, the Secretary spent time meeting with Native American youth and tribal leaders in the Upper Peninsula of Michigan to highlight the key services offered by our Department in Indian Country.

NIST to Host First App Challenge to Improve Data Access - NIST is offering prizes totaling $45,000 to software developers who create the most innovative and impactful apps using NIST reference data.

Innovative Research Helps Emergency Responders Better Communicate While Indoors - The First Responder Network Authority (FirstNet), an independent entity within the Commerce Department’s NTIA, has made in-building communications a priority to examine and improve.

Nearly 50 Countries Reach Historic Agreement to Eliminate Tariffs on Information and Communication Technologies - Representatives from 47 countries reached the first tariff-cutting agreement at the World Trade Organization (WTO) in 18 years.

U.S. Innovators, Entrepreneurs and Business Owners Capitalize on Emerging Markets in AfricaAt GES, as the Obama administration’s lead for entrepreneurship, Secretary Pritzker participated in a pre-summit youth and women session, which brought together 150 entrepreneurs from around the world to discuss specific challenges, interact with industry experts, and pitch their business ideas to companies.

Five Drivers of Export Opportunity: U.S. Building Products and Green Building - The vibrant global trend seeking a greener built environment will help create some $46 billion in export opportunity for a group of U.S. building product manufacturers by 2017, according to new ITA Top Markets reports.

25th Anniversary of the Americans with Disabilities Act - On the 25th Anniversary of the ADA, it is important to re-dedicate ourselves to providing equality of opportunity and to eradicating myths, fears, and stereotypes about people with disabilities.

Resilience Starts with Being Ready: Better Preparing Our Coasts to Cope with Environmental Disasters - NOAA’s Office of Response and Restoration discusses the importance of training and education for preparing local responders to respond effectively to coastal disasters, from oil spills caused by hurricanes to severe influxes of marine debris due to flooding.

What does the age of the survey mean for nautical charts? – This article includes an overview of nautical charts done by NOAA’s Office of Coast Survey and provides a brief historical sketch of survey technologies and graphics.

A Tale of Two Coasts - The coasts are a desirable place to live, a source of jobs, and a valuable resource for recreation, but in reality there are numerous definitions of a “coast” and each serves a different purpose.

How a Charity is Using Baldrige to Serve the BlindThe Blind Foundation for India has served over 15 million blind people in India and raised over $4 million by using the Baldrige Excellence Framework as a way to manage its work and ensure optimum effectiveness.

Not Schrödinger’s Cat: NIST PET Phantoms Bring New Accuracy to Medical Scans - Teaming with a medical equipment company, researchers at NIST have demonstrated the first calibration system for positron emission tomography (PET) scanners directly tied to national measurement standards.

Understanding Federal Spectrum Use - NTIA discusses how much spectrum federal agencies use and whether or not it is being used efficiently, in relation to recent spectrum challenges and debates.

Data

The Economic and Statistics Administration wrote about New Advance Report on International Trade on their blog this week.

The Bureau of Economic Analysis wrote about GDP Increases in Second Quarter and Industry in Focus: Transportation and Warehousing on their blog this week.

Advance Report on Durable Goods – Manufacturers’ Shipments, Inventories and Orders – June 2015: New orders for manufactured durable goods in June increased $7.7 billion or 3.4 percent to $235.3 billion.

Housing Vacancies and Homeownership – 2nd Quarter 2015: The homeownership rate in the second quarter 2015 was 63.4 percent, down 1.3 percentage points from the second quarter 2014 rate of 64.7 percent. The rental vacancy rate in the second quarter 2015 was 6.8 percent, down 0.7 percentage points from the second quarter 2014 rate of 7.5 percent.

Advance Report on International Trade in Goods – June 2015: The advance international trade balance in goods was -$62.3 billion in June 2015. Advance exports of goods were $126.6 billion and advance imports of goods were $188.8 billion.

Commerce Data in the News: U.S. News and World Report cites Census Bureau statistics on domestic mobility in writing that only about 2 percent of the 36 million Americans who move in a year – or fewer than 1 million people – say they’re relocating because of retirement in the article, 6 Roads to Relocating in Retirement.

Fox News cites Census Bureau statistics on household income, housing costs and unemployment in reporting that Alpharetta, Ga.; Redmond, Wash.; and Wilmington, Del., are some of the best places for entrepreneurs in the article, Top 10 Small Cities Where Business is Thriving.

Time magazine cites statistics from the Census Bureau’s Current Population Survey and the Housing Vacancy Survey to write that the rental vacancy rate hit a 30-year low of 6.8 percent this quarter in the article, Why Your Rent Increases are About to Get Steeper.

The L.A. Times included BEA’s Gross Domestic Product data in this recent article, GDP grew at 2.3% rate in 2nd quarter; 1st-quarter growth revised upward.

The Wall Street Journal highlighted BEA’s data on second quarter GDP in their article, The Six-Year Slough.

Data Releases Next Week: Personal Income and Outlays: June (BEA); Construction Spending: June (Census); Manufacturers’ Shipments, Inventories, and Orders: June (Census); U.S. International Trade in Goods and Services: June (BEA and Census)

Next Week

On Monday, U.S. Secretary of Commerce Penny Pritzker will participate in a roundtable with Congressman Mike Quigley hosted by the Chicago Chamber of Commerce in Chicago, Illinois. The roundtable will gather 15 business leaders to discuss the Administration’s trade agenda and its benefits to Chicago businesses in particular.

Also on Monday, U.S. Secretary of Commerce Penny Pritzker will deliver remarks at the Department of Commerce’s first Open for Innovation event, held on Monday, August 3. The event will bring together eight large companies facing immediate business challenges with more than 50 startups that have the potential to offer solutions.

Additionally on Monday, Assistant Secretary for Economic Development Jay Williams will visit Buffalo, New York with U.S. Senator Kirsten Gillibrand to meet with local economic development and business representatives and make an EDA grant announcement. Earlier in the day, Deputy Assistant Secretary for Economic Development Matt Erskine will join Senator Gillibrand in Ithaca where they will meet with local leaders.

On Tuesday, MBDA National Director Alejandra Y. Castillo and National Deputy Director Albert K. Shen will attend the White House Demo Day in Washington, DC. The first-ever White House Demo Day will bring together entrepreneurs from all walks of life, from all across the country.

On Wednesday, from August 5-6, Assistant Secretary for Economic Development Jay Williams will give keynote remarks on the administration’s efforts to support auto communities and American manufacturing and innovation at the Automotive Communities Partnership meeting Center for Automotive Research 2015 Management Briefing Seminar in Traverse City, MI.

Also on Wednesday, BusinessUSA Executive Director, Dennis Alvord, will participate on a panel entitled, “How Data is Driving Customer Experience Strategy” at the Government Executive and Nextgov Customer Experience Summit 2015 event, “Measuring Success in Customer Experience” at the Newseum in Washington D.C.

On Friday, the Census Bureau’s Thom File will appear on C-SPAN’s “America by the Numbers” segment to discuss “Congressional Elections and the American Electorate.”

Photo of the Week

Secretary Pritzker and four PAGE ambassadors attended the Global Entrepreneurship Summit in Nairobi, Kenya.

Video of the Week

Watch Secretary Pritzker’s CNBC Power Lunch interview on the White House lawn on why she strongly supports reauthorizing the Export-Import Bank.

Infographic of the Week

Services for Those with Disabilities - The Census Bureau posted a graphic to coincide with the 25th anniversary of the signing of the Americans with Disabilities Act that showed the number of business establishments by industry that serve people with disabilities. Citing 2013 County Business Patterns statistics, for example, there are 7,727 establishments that have vocational rehabilitation services.