Today, the Department of Commerce announced that more than half of its federal contract dollars were awarded to small businesses in Fiscal Year (FY) 2023, with a total investment of $2.8 billion in the small business economy. In addition, the Department of Commerce directed more than 25% of its contract dollars to Small Disadvantaged Businesses, for a total of $1.4 billion. As a result of these...

In support of the Clean EDGE (Enhancing Development and Growth through Energy) Asia initiative, the Department of State’s Bureau of Energy Resources (ENR) Assistant Secretary Geoffrey R. Pyatt and the Department of Commerce’s Commercial Law Development Program (CLDP) Chief Counsel Stephen Gardner jointly announce the launch of the Carbon Capture, Utilization, and Storage: Handbook for Policymakers...

Today, Secretary of Commerce Gina Raimondo met with Singaporean Minister of Trade and Industry Gan Kim Yong. The Secretary welcomed the news of Singapore’s transition to its fourth generation of political leadership. Secretary Raimondo and Minister Gan affirmed their commitment to advancing bilateral cooperation under the U.S.-Singapore Partnership for Growth and Innovation (PGI), and discussed...

Announcements include draft guidance documents, a draft plan for international standards, and a new measurement program opening for public comment The U.S. Department of Commerce announced today, following the 180-day mark since President Biden’s Executive Order (EO) on the Safe, Secure and Trustworthy Development of AI, several new announcements related to the EO. The Department’s National...

Secretary Raimondo led members of the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) to Nairobi, where she underscored the impact of the Commerce-wide Africa strategy and highlighted numerous announcements and commercial deals that will strengthen bilateral commercial ties. The U.S. Department of Commerce and Kenya’s Ministry for Information, Communications and the Digital...

Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) released an interim final rule (IFR) amending the Department’s licensing policy for exports of firearms, ammunition, and related components under its jurisdiction. The changes being announced are intended to reduce the risk of legally exported firearms and related items being diverted or misused to fuel regional...

Today, U.S. Secretary of Commerce Gina Raimondo met with Kenyan President William Ruto to underscore the Biden-Harris Administration’s commitment to partnering with Kenya to deepen bilateral trade and investment ties. In particular, the Secretary acknowledged the significant efforts that President Ruto’s Administration has made to improve Kenya’s business environment and attract increased U.S...

U.S. Department of Commerce Proposes up to Roughly $6.14 Billion for Micron to Expand Domestic DRAM Chip Production in Idaho and New York Micron’s Full Vision Would Create Approximately 20,000 Jobs and Catalyze up to $125 Billion in Private Capital Over Two Decades, Including Commitments of $50 Billion in Capex Over Next Six Years Today, the Biden-Harris Administration announced that the U.S...