Commerce Week at a Glance: Strategic and Economic Dialogue

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July 14, 2014

Good morning. Last week, Secretary Pritzker traveled to China where she toured the Shanghai Free Trade Zone ahead of the Strategic and Economic Dialogue (S&ED) in Beijing.

Secretary Pritzker joined Secretaries Kerry, Lew, Moniz and Ambassador Froman, among others, in the US delegation at the annual S&ED meetings to discuss long-term strategic and economic objectives between the U.S and China.

This week, be sure to read the blog posts about NIST’s nationwide effort to develop a disaster resilience framework, BEA’s blog on the export control reform , as well as NOAA’s data on shipwrecks and obstructions.

Best,

Justin

Latest News

U.S. Secretary of Commerce Penny Pritzker Visits Shanghai Ahead of the Strategic and Economic Dialogue - Secretary Pritzker met with a number of CEOs and business leaders from companies doing work in China.

Improving Resilience by Building a Weather-Ready Nation - NOAA's mission of reducing loss of life, property, and the disruption from high impact weather and water-related events has existed since its inception.

Commerce's NIST to Host Next Meeting on Developing a Collaborative Nationwide Disaster Resilience Framework - As part of President Obama's Climate Action Plan, Commerce's National Institute of Standards and Technology (NIST) is leading a collaborative nationwide effort to develop a framework that U.S. communities can use to prepare for, resist, respond to, and recover from hazard events more rapidly and at a lower cost.

Five Things Small Businesses Should Know About Export Control Reform - The President’s Export Control Reform initiative is transferring tens of thousands of less sensitive military items from the State Department’s jurisdiction to the more flexible Commerce regulations. Here are five things small businesses should know about the export control reform.

Coast Survey improves access to data on thousands of wrecks and obstructions - Coast Survey has improved the Wrecks and Obstructions Database, giving everyone easy access to new records to explore.

Open Data Takes Center Stage at ESRI User Conference Next Week - Open federal data spurs civic innovation and business growth, underpinning Commerce Department’s priority of data in the five year strategic plan.

Data

The Economic and Statistics Administration wrote 5 Q’s for U.S. Department of Commerce’s Under Secretary of Economic Affairs Mark Doms on their blog last week.

The Bureau of Economic Analysis wrote Looking for Economic Information on Coastal Areas? Visit BEA’s Website on their blog last week.

May 2014 wholesale inventories were $532.7 billion, up 0.5 percent from the revised April level and up 7.9 percent from May 2013. Sales were $453.2 billion, up 0.7 percent from the revised April level and up 6.6 percent from May 2013.

Commerce Data in the News:

The Wall Street Journal covered the joint release by BEA and Census of the May trade report: “U.S. Trade Gap Narrows 5.6% as Exports Surge.”

The International Trade Administration’s 2013 Overseas Visitation Estimates, and Characteristics of Travelers to U.S. States and Cities  is highlighted in a recent eTurbo News article: US international visitation up three percent.

The Washington Post cites a Census Bureau fertility report to write that fewer women are married when they give birth to their first child, although a growing number are living with the baby’s father without being wed, in the article More Young Women Give Birth Without Wedding Rings, Census Study Shows.

Bloomberg BusinessWeek looks at Census Bureau economic statistics in the article Beer is Better Than Wine for the American Worker to write that U.S. breweries paid higher salaries and benefits than wineries did in 2012.

Indian Country Today cites statistics from the Census Bureau’s American Community Survey to show that 15 percent of Native American homes speak a native language, with Navajo spoken the most, in the article 7 Most Popular Native American Languages in U.S.

Time magazine looks at the Census Bureau report “Changes in Areas with Concentrated Poverty,” derived from Current Population Survey data, saying that living in poor neighborhoods adds burdens to low-income families in the article U.S. Census Bureau Shows More People Living in Areas of Poverty.

Data Releases This Week: Advance Monthly Retail Sales June (Census); Manufacturing and Trade: Inventories and Sales May (Census); New Residential Construction June (Census)

This Week

Today, Secretary Pritzker will speak about expanding economic opportunity through open data at the International Environmental Systems Research Institute’s (Esri) User Conference in San Diego, CA. Under Secretary for Economic Affairs, Mark Doms, and National Oceanic and Atmospheric Administration (NOAA) Administrator, Kathryn Sullivan, will also attend. While in San Diego, Secretary Pritzker will meet with a group of local public and private sector business leaders to highlight the next phase of the Administration’s National Export Initiative (NEI/NEXT) and discuss ways that cities and communities across the country can better integrate exporting into their economic development plans.

Also today, Deputy Census Director, Nancy Potok, will speak at the 9th International Conference on Teaching Statistics in Flagstaff, AZ about challenges to evidence-based policy making in the decentralized U.S. statistical system.

Additionally today, The San Francisco MBDA Business Center will host an Open House and ribbon cutting ceremony to officially announce their service to the local minority business community. MBDA National Director Alejandra Castillo and other community stake holders will attend and provide remarks.

On today as well, Deputy Under Secretary for International Trade, Ken Hyatt, will participate in the opening ceremonies for the Farnborough Air Show in the United Kingdom.

On Tuesday, NIST Acting Director, Willie May, will give the President’s Address at the 99th Annual Meeting of the National Conference on Weights and Measures (NCWM) in Detroit, MI.

On Tuesday as well, EDA Assistant Secretary, Jay Williams, will attend the Annual Field Management Meeting of the U.S. Small Business Administration in Cleveland, OH. He will highlight the Economic Development Partnerships, such as the Youngstown Initiative, as an introduction to a panel discussion of economic development directors from Youngstown, Cleveland, Shaker Heights, and Cuyahoga County.

On Wednesday, Acting Deputy Secretary, Bruce Andrews, will participate in a one-on-one interview with The Atlantic’s Washington Editor-at-Large, Steve Clemons, on the importance of skills training and manufacturing at the organization’s “Building the Future: Manufacturing’s Software Revolution” event in Philadelphia, PA.

Also on Wednesday, BIS Under Secretary for Industry and Security, Eric Hirschhorn, will provide an update on the Export Control Reform Initiative in a webinar for the National Defense Industrial Association (NDIA) in Washington, D.C.

On Thursday, Secretary Pritzker will once again highlight NEI/NEXT and the Administration’s efforts to expand economic growth through exports in Memphis, TN at a “Made in Rural America” regional export forum, hosted by the Delta Regional Authority. This will be the second of five forums that are a part of President Obama’s “Made in Rural America” export and investment initiative.

On Friday, Secretary Pritzker will travel to Benton Harbor, MI to participate in an panel discussion with Jeff Fetting, Chairman and Chief Executive Officer of Whirlpool Corporation, and other Michigan business leaders about the importance of innovation, a key priority of the Department of Commerce’s “Open for Business Agenda.” The “Innovation Forum,” which will take place at Whirlpool’s corporate headquarters, will spotlight U.S. manufacturers investing in innovation.

Also on Friday, MBDA National Director, Alejandra Castillo, will deliver keynote remarks at the opening session of the National Association of Black Hotel Owners’ International Multicultural & Heritage Tourism Summit and Trade Show in Miami, FL. 

Photo of the Week

Secretary Pritzker along with Secretaries Jack Lew, John Kerry, Ernest Moniz, and Ambassador Mike Froman at the Strategic and Economic Dialogue in Beijing, China.

Infographic of the Week

U.S. Breweries on the Rise - A Census Bureau graphic shows that the number of U.S. breweries more than doubled - from 398 to 869 - between 2007 and 2012, according to the 2012 Economic Census Industry Series. The breweries industry reported $28.3 billion in shipments in 2012, an increase of nearly 33.6 percent since 2007.