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The Latest From The Commerce Blog

BusinessUSA Recognized for Leading Innovative Collaboration to Support Businesses

Submitted on February 7, 2014 - 2:45pm
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BusinessUSA was named as one of six winners yesterday for the 2014 Igniting Innovation Award, which recognizes government and industry individuals and teams who bring innovative thinking through their IT products, services, systems and solutions that benefit federal government and citizens.

Managed by the U.S. Department of Commerce and the Small Business Administration (SBA), BusinessUSA is the federal government’s official assistance resource for American businesses. The platform was launched in February 2012 to serve as a “one-stop-shop” that provides businesses and entrepreneurs with access to the full range of government services and resources available to them at every stage of development.

With thousands of federal, state and local resources, BusinessUSA makes it easier for businesses to locate, access, and utilize resources most relevant to their needs. The website also saves businesses valuable time by providing easy access to information and services through several customer service channels.

In fact, President Obama today called for the White House Rural Council, in coordination with the Commerce Department, SBA and other agencies, to utilize the BusinessUSA platform as part of a new “Made in Rural America” initiative. Specifically, the agencies were tasked with using BusinessUSA to better connect rural businesses with export and investment resources through coordinated support from across the government.

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U.S. Secretary of Commerce Penny Pritzker Tours Research and Technology Park In Monterrey, Mexico

Submitted on February 7, 2014 - 9:48am
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Download Original]" class="imagefield imagefield-lightbox2 imagefield-lightbox2-custom_crop_350x230 imagefield-field_photo imagecache imagecache-field_photo imagecache-custom_crop_350x230 imagecache-field_photo-custom_crop_350x230">Secretary Pritzker is joined by Secretary of Economic Development Rolando Zubiran and Institute for Innovation and Technology CEO Jaime Parada at Monterrey’s Research and Technology Park

Yesterday, U.S. Department of Commerce Secretary Penny Pritzker toured Monterrey’s Research and Technology Park (Parque de Investigación e Innovación Tecnológica; PIIT in Spanish), a project that seeks to build competitiveness in the state of Nuevo Leon and northern Mexico by leading the transformation into an innovation and knowledge-based economy. 

PIIT is based on a model that aligns the government, universities, and the private sector to achieve economic growth through innovation. To that end, the PIIT serves both as a R&D Center and incubator, focusing on 10 industry clusters considered strategic by the state of Nuevo Leon – including IT and software, medical services, biotechnology, automotive and auto parts and advanced manufacturing among others.

Accompanied by Secretary of Economic Development Rolando Zubiran and Institute for Innovation and Technology CEO Jaime Parada, Secretary Pritzker praised PIIT and its staff for encouraging public and private partnerships and spurring innovation in Mexico.

Innovation is a major pillar of the Commerce Department’s “Open for Business Agenda,” and Secretary Pritzker saw how Monterrey utilizes R&D dollars and cutting-edge sites such as PIIT to  create dynamic clusters that accelerate economic growth and international competitiveness.

In fact, PIIT also includes university and public research centers, private research centers and incubators. Specific entities at PIIT include the University of Texas’ Global Center for Innovation and Entrepreneurship, as well as PepsiCo, General Electric and Motorola – each maintaining a facility in collaboration with a Mexican partner.

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Another Year, Another Export Record

Submitted on February 6, 2014 - 10:42am
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Editor's note:  This has been cross-posted from Tradeology, the Official Blog of the Internatational Trade Administration

Guest Blog Post by Ken Hyatt, Acting Under Secretary of Commerce for International Trade and Mark Doms, Under Secretary of Commerce for Economic Affairs

Four years ago, President Obama made export promotion a national priority, launching the National Export Initiative to renew and revitalize American exports.

That initiative is working.  Today, the Department of Commerce announced that for the fourth year in a row, the United States has set a record for annual exports. Total U.S. exports for 2013 reached $2.3 trillion.

There were record highs in both goods and services exports. Goods exports totaled 1.58 trillion, with records in a number of important sectors, including industrial supplies, consumer goods, and capital goods.

Service exports hit an all-time high of $682 billion, with records in several major service sectors. Travel and tourism was one record sector, as international visitors contributed $139 billion to the American economy.

Mexico was a particularly bright spot for U.S. exporters, as we saw a 4.7 percent increase to $226 billion in exports to our southern neighbor. Commerce Secretary Pritzker is currently leading a business development mission in Mexico, helping even more American companies find new opportunities and qualified business partners in one of our most important export markets.

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