Department of Commerce: Newsroom Items

Remarks by Commerce Secretary Gina Raimondo at the First-Ever National Child Care Innovation Summit

Fri, 28 Jun 2024 19:25:48 +0000

Remarks by Commerce Secretary Gina Raimondo at the First-Ever National Child Care Innovation Summit [email protected] Fri, 06/28/2024 - 15:25

ICT Supply Chain

Investing in communities and workers

Manufacturing

AS PREPARED FOR DELIVERY

Friday, June 28, 2024

Office of Public Affairs

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Gina M. Raimondo

Welcome to the first-ever National Child Care Innovation Summit. Now, it may seem unusual for a Commerce Secretary to be so focused on childcare. But I’m here because childcare is not only a social issue or a “women’s issue.” It is also an economic issue. In fact, I'd argue it’s one of the most critical economic issues affecting families, businesses, and communities today.

The lack of investment in our care infrastructure is costing us dearly. There’s a generation of Americans in their prime working years caught between their jobs and caring for children or elderly relatives. Finding affordable, trustworthy care for both my children and my mother was critical to my own career.

On a point of personal privilege, my mom passed about a year ago at 91, and today's her birthday. For my sister, my brother, and I, she was the caretaker when our kids were little. She never got to have a career. She grew up in that generation where once she got pregnant, she was asked to leave her job. And she insisted, especially for my sister and I, “you girls have talent – you go, and your father and I will take care of the babies.”

It was so important to her that all three of her children had a chance to go for it and be productive members of the workforce and society and great parents. So, for me, it's special that this summit would be today because it honors her, it honors family, and it honors everybody who's helped somebody out as a caregiver.

My husband and I have been privileged to be in a position to access care. But that’s often not the case. We all know childcare costs can be exorbitant for families. Some families don’t even have facilities in their area.

The status quo is not working for families. It’s not working for employers, and it’s not working for our economy. Inadequate childcare costs employers $23 billion a year. And it’s not working for providers.

To address the childcare crisis, we need sweeping public investments in the care economy.

But let’s be clear – we need both short-term and long-term solutions because parents can’t afford to wait. It is all hands-on deck to develop new models that meet the needs of families, workers and employers.

It’s going to take all of us working together – federal and local governments, the private sector, care providers, and community stakeholders – to improve access to care.

We are joined by executives from some of the country’s largest corporations; small businesses owners; advocates and philanthropic leaders; economists; and providers. More than 40 states are represented in this room. This is a unique opportunity for us to drive real and lasting progress – together – on one of the most pressing economic issues before us. I’m excited to get to work. Thank you.

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

Workforce Development

Child Care

Statement by Secretary Gina Raimondo and Deputy Secretary Don Graves on Nuziard v. MBDA Court Ruling

Fri, 28 Jun 2024 16:40:56 +0000

Statement by Secretary Gina Raimondo and Deputy Secretary Don Graves on Nuziard v. MBDA Court Ruling [email protected] Fri, 06/28/2024 - 12:40

Minority business growth

FOR IMMEDIATE RELEASE

Friday, June 28, 2024

Office of Public Affairs

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Since it was founded in 1969 by President Nixon, the Minority Business Development Agency (MBDA) has been committed to its mission of promoting the growth of minority business enterprises through the mobilization and advancement of public and private sector programs, policy, and research. This mission is grounded in the knowledge that achieving the full potential of the U.S. economy requires that every American entrepreneur can start and grow their businesses regardless of background.

In the three years since a bipartisan coalition in Congress and President Biden took the long overdue steps to authorize and codify MBDA, we have made critical progress in this mission and our work to close the resource and access gaps between minority-owned and non-minority-owned businesses.

In March, a federal court in Texas ruled on a case that had the potential to disrupt MBDA’s work in service of its mission. Ultimately, while the court acknowledged minority business enterprises “have far less access to capital and credit…due to racial discrimination in lending markets,” it ruled that Congress violated the Constitution by requiring MBDA to presume that members of specified racial or ethnic groups experienced discrimination or had an impaired ability to compete, due to a lack of capital and credit opportunities, and therefore were eligible for MBDA Business Center services.

We strongly disagree with the court’s ruling but our primary goal is to ensure MBDA can continue to meet its mission to promote the growth and global competitiveness of minority business enterprises in order to unlock the country’s full economic potential.

The Department of Justice today communicated to Congress that, after careful consideration, it will not appeal the court’s ruling. The injunction does not currently prevent MBDA from continuing to fulfill its mission, which is our fundamental priority. We remain motivated, now more than ever, to ensure that all Americans have the resources and opportunities needed to start and grow flourishing businesses, create generational wealth, and contribute to our shared economic prosperity.

Our country’s long-term success requires a truly level playing field for all Americans regardless of their race, gender, or religious affiliation. Our economic competitiveness requires that we harness the strength of our diversity and the talents of all Americans. We see America’s future as one that is grounded in dignity, equality, and freedom. For more information about the Department of Commerce’s equity resources click here.

Link to Fact Sheet: https://www.commerce.gov/news/fact-sheets/2024/06/fact-sheet-us-department-commerce-support-minority-business-enterprises

Link to Resource: https://www.commerce.gov/work-us/services-businesses/resources-minority-business-enterprises

Bureaus and Offices

Minority Business Development Agency

Leadership

Don Graves

Gina M. Raimondo

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Secretary Gina Raimondo

Fact Sheet: U.S. Department of Commerce Support for Minority Business Enterprises

Fri, 28 Jun 2024 14:39:50 +0000

Fact Sheet: U.S. Department of Commerce Support for Minority Business Enterprises [email protected] Fri, 06/28/2024 - 10:39

Investing in communities and workers

FOR IMMEDIATE RELEASE

Friday, June 28, 2024

Office of Public Affairs

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Achieving the full potential of the U.S. economy requires that every American entrepreneur can start and grow their business regardless of background. Yet some communities face disproportionate barriers to the resources needed to turn their entrepreneurial dreams into reality. For example, the U.S. Federal Reserve found that more than half of Black-owned businesses were turned down for bank loans, a rate twice as high as white business owners. Black-owned businesses received less than 1 percent of venture dollars and Latino/a-owned businesses received less than 2 percent in 2022, according to CrunchBase. The Department of Commerce is supporting and investing in minority business enterprises (MBEs) to ensure that every entrepreneur can contribute to U.S. economic competitiveness.

The Department of Commerce provides technical assistance to socially and economically disadvantaged entrepreneurs:

The Minority Business Development Agency (MBDA) funds a national network of technical assistance programs, including its Business Center Program, which helped MBEs secure more than $2.8 billion in contracts and capital in 2023.
- In 2023, MBDA launched the first of its kind Capital Readiness Program, the largest program for minority and other underserved entrepreneurs in Department of Commerce history. The program invests $125 million in 43 incubators and accelerators to help socially and economically disadvantaged entrepreneurs, including MBEs, develop the necessary networks and experience to pitch investors, raise capital and grow their businesses.
- In the last two years, MBDA invested $3.5 million across seven HBCUs through the Minority Colleges & Universities Pilot Program to catalyze entrepreneurship opportunities for undergraduate students at Minority Serving Institutions.
From 2020-2024, the International Trade Administration (ITA) nearly doubled the number of underserved clients, including MBEs, supported by export assistance.
- Businesses that export earn higher revenues, create more jobs, and pay better wages. But less than 3% of the U.S.’s 1 million employer MBEs export their goods or services. Businesses in underserved communities have unique comparative advantages and huge potential for growth. But these same businesses often face obstacles: lack of opportunity, inaccurate perception of risk, insufficient financing, and challenges identifying and vetting potential partners. ITA provides critical assistance to underserved businesses, including MBEs, across the nation.
In 2023, the U.S. Patent and Trademark Office (USPTO) law school clinics filed 201 patent applications and 874 trademark applications for pro bono clients, including MBEs.
- Entrepreneurs from underserved communities often face barriers to obtaining patents. USPTO donated over $39.3 million in free legal services to inventors and small businesses, including MBEs, from 2015-2022 through the Patent Pro Bono Program to help address these barriers. This program matched 524 applicants to volunteer patent practitioners in 2023. USPTO is also expanding access to free legal and other educational resources including the Law School Clinic Certification Program.

The Department of Commerce directly invests in MBEs and underserved communities including:

The National Institute of Standards and Technology (NIST) is ensuring the historic investments in semiconductor production benefit MBEs.
- The CHIPS and Science Act fosters economic opportunity for all suppliers, including minority-owned businesses. The first CHIPS for America funding opportunity requires applicants to document how they will include small businesses, minority-owned businesses, veteran-owned businesses, and women-owned businesses in their pool of suppliers.
The National Telecommunications and Information Administration (NTIA) is connecting communities to the Internet and providing $2.75 billion to promote digital equity and inclusion to ensure that all communities have the technology and capacity to benefit from the digital economy.
- NTIA has made available $60 million for states, territories and native entities to develop digital equity plans. NTIA will provide $1.4 billion for capacity grants to fund these state plans and help fund other digital equity programs. NTIA will also provide an additional $1.2 billion in competitive grants for additional digital equity programming.
- NTIA provided awards to 43 HBCUs through the Connecting Minority Communities Pilot Program, representing 51% of total funding. This program addresses disparities in campus internet connectivity and equipment access for students and faculty.
- As a whole, the Internet for All program will bring affordable, high-speed internet to roughly 8 million unserved locations, including millions of businesses and households in communities of color, rural, and tribal areas.
In 2021, the Economic Development Administration revised its investment priorities to include equity as a priority consideration when making investments.
- This prioritization ensures that EDA’s historic new investments, including the Good Jobs Challenge, Build Back Better Regional Challenge, Tech Hubs Program, and Recompete Pilot Program, as well as EDA’s core programs, consider equity when awards are made.
- EDA will track progress toward these goals by measuring estimated jobs created and retained for underserved communities and geographies, including communities of color, private investment funds leveraged by underserved communities and geographies, including communities of color, and total sum of funding secured by entrepreneurs in these communities.
- In fiscal year 2023, EDA invested approximately $2.5 million in six HBCUs projects to support equitable economic growth and help communities develop regional capacity. For example, a Spelman College award enables targeted assistance to early- and mid-stage Black STEM entrepreneurs from the Atlanta metropolitan area.
In 2024, the Department of Commerce is on track to award 22 percent of contracts to small, disadvantaged businesses, including MBEs, surpassing the Government-wide goal of 15 percent.

President Biden directed agencies to make Federal contracting and procurement opportunities more available, to remove barriers faced by underserved individuals and communities and to increase the share of contracts awarded to Small Disadvantaged Businesses (SDBs), which includes MBEs, to 15% by Fiscal Year (FY) 2025. Commerce has historically done very well in awarding contracts to SDBs, averaging approximately 21% (FY 2019 – FY 2023) of contract dollars obligated to SDBs. Doubling down on engagement and recruitment, Commerce is on track to exceed that average.

Bureaus and Offices

Minority Business Development Agency

Joint Readout: United States-Korea Supply Chain and Commercial Dialogue Ministerial Meeting

Thu, 27 Jun 2024 22:04:19 +0000

Joint Readout: United States-Korea Supply Chain and Commercial Dialogue Ministerial Meeting [email protected] Thu, 06/27/2024 - 18:04

Export and investment promotion

ICT Supply Chain

Manufacturing

Trade enforcement

FOR IMMEDIATE RELEASE

Thursday, June 27, 2024

Office of Public Affairs

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Today, U.S. Department of Commerce Secretary Gina Raimondo and Korean Minister of Trade, Industry, and Energy (MOTIE) Ahn Duk-geun held the second United States-Korea Supply Chain and Commercial Dialogue (SCCD) Ministerial Meeting. The Secretary and Minister reviewed progress made to date between Commerce and MOTIE to deepen bilateral economic and commercial cooperation between the countries.

Secretary Raimondo and Minister Ahn noted the significant, substantive progress that is being undertaken through the SCCD working groups, which include: Advanced Manufacturing and Supply Chain Resilience, including Semiconductors; Dual-Use Export Controls; Healthcare and Healthcare Technologies; and the Digital Economy. They also instructed staff to continue discussions through an SCCD critical minerals Sub-Working group to deepen U.S.-Korea critical minerals supply chain collaboration.

The Secretary and Minister noted deepening semiconductor investment cooperation, including the Department of Commerce recently signing non-binding preliminary memoranda of terms with Samsung Electronics to support a state-of-the-art leading-edge ecosystem in Central Texas, and with Absolics, an affiliate of the Korea-based SKC, to support a facility in Georgia for the development of advanced packaging substrates technology. The Secretary and Minister celebrated this progress at the U.S.-Korea SCCD Semiconductor Forum, co-hosted by the Semiconductor Industry Association and Korea Semiconductor Industry Association, which was held immediately before the SCCD Ministerial meeting. The Forum highlighted U.S.-Korea semiconductor cooperation in the key areas of supply chain, workforce development, and R&D as outcomes of the SCCD.

Secretary Raimondo and Minister Ahn acknowledged the increasing momentum under the SCCD Healthcare and Healthcare Technologies working group, including a joint Commerce-MOTIE telehealth virtual showcase that was held in May 2024 with 72 attendees, and a U.S.-Korea Biopharma Roundtable at the 2024 BIO International Convention in San Diego at the beginning of June. They committed to further strengthening cooperation on healthcare innovation and supply chains between the two countries. The Secretary and Minister also acknowledged the meaningful outcomes of the Advanced Manufacturing working group, including an October 2023 Commerce-MOTIE hosted Additive Manufacturing Industry Showcase with over 100 U.S. and Korean companies who were able to learn about opportunities to compete and invest in one another’s markets.

Recognizing the need to protect our critical and emerging technologies from countries that may misuse them to undermine peace and security, the Secretary and the Minister agreed to continue existing cooperation under the Dual-Use Export Controls working group to address national security threats while minimizing supply chain disruption.

Additionally, Secretary Raimondo and Minister Ahn discussed current and future cooperation under the SCCD Digital Economy working group, including cooperation on standards-related activities, and cooperation between Korean and U.S. industrial artificial intelligence companies.

The Secretary and Minister also committed to exploring opportunities for collaboration in third countries, where governments are seeking to increase their access to investment and global markets to enhance economic opportunity for their citizens.

Bureaus and Offices

International Trade Administration

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

Export Controls

semiconductors

Digital Economy

10th SelectUSA Investment Summit, Largest in History, Concludes

Thu, 27 Jun 2024 20:15:04 +0000

10th SelectUSA Investment Summit, Largest in History, Concludes [email protected] Thu, 06/27/2024 - 16:15

Export and investment promotion

FOR IMMEDIATE RELEASE

Thursday, June 27, 2024

Office of Public Affairs

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Yesterday, SelectUSA’s 10th Investment Summit came to a close, marking the largest Investment Summit in SelectUSA history, with over 5,000 attendees spanning 96 international markets and, for the first time, all 56 U.S. states and territories represented.

“This year’s SelectUSA Investment Summit demonstrated why the United States remains the top destination for foreign direct investment for twelve consecutive years,” said U.S. Secretary of Commerce Gina Raimondo. “The investments we’re seeing under President Biden’s Investing in America Agenda are a testament to the transformative work that we have championed since the start of the Biden-Harris Administration, and have allowed SelectUSA to drive nearly $100 billion in investments in critical supply chains – keeping us on track to retain the top slot for attracting foreign investments for years to come.”

SelectUSA is grateful for the participation of Secretary of State Antony Blinken; Secretary of Transportation Pete Buttigieg; Acting Secretary of Labor Julie Su; Deputy Secretary of Defense Kathleen Hicks; Deputy Secretary of Energy David Turk; White House Senior Official Deputy National Security Advisor for International Economics Daleep Singh; and Export-Import Bank Chair Reta Jo Lewis.

SelectUSA also extends thanks to the participating 11 Governors and 19 Chiefs of Mission, and all participating speakers, moderators, panelists, sponsors, exhibitors, and participants for contributing to the resounding success of the 2024 SelectUSA Investment Summit.

The 2024 SelectUSA Investment Summit by the Numbers:

5,000+ attendees
1,000+ economic development organization representatives attended
2,500+ international delegates
All 56 U.S. states and territories represented
96 international markets represented
19 U.S. Ambassadors and Chiefs of Mission led foreign delegations to the Investment Summit
11 U.S. state and territory governors and 1 Mayor (DC, CO, IL, IN, MA, MI, NC, NJ, NV, OK, VA; TERR: GU)
3 Cabinet members (Labor, State and Transportation)
165+ speakers

The 2025 SelectUSA Investment Summit will be held May 11-14, 2025, at the Gaylord National Resort and Convention Center, National Harbor, MD.

For media-related inquiries and troubleshooting, please email: [email protected]" rel="noreferrer">[email protected]

About SelectUSA

Housed within the International Trade Administration at the U.S. Department of Commerce, SelectUSA promotes and facilitates business investment into the United States by coordinating related federal government agencies to serve as a single point of contact for investors and raises awareness of the critical role that economic development plays in the U.S. economy. SelectUSA assists U.S. economic development organizations to compete globally for investment by providing information, a platform for international marketing, and high-level advocacy. SelectUSA also helps foreign companies find the information they need to make decisions, connect to the right people at the local level, navigate the federal regulatory system, and find solutions to issues related to the federal government. For more information, visit www.trade.gov/selectusa.

Bureaus and Offices

International Trade Administration

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

SelectUSA Investment Summit

SelectUSA

Foreign direct investment [FDI]

U.S. Department of Commerce, U.S. Chamber of Commerce and U.S. Chamber of Commerce Foundation Convene Private Sector, Non-Profit and Philanthropic Leaders for First-of-Its-Kind National Child Care Innovation Summit

Thu, 27 Jun 2024 17:55:31 +0000

FOR IMMEDIATE RELEASE

Thursday, June 27, 2024

Office of Public Affairs

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Commerce Secretary Gina Raimondo Announces New Census Bureau Action to Track Child Care Data to Inform and Target Solutions to Child Care Crisis.

Today, the U.S. Department of Commerce co-hosted, with the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation, a first-of-its-kind National Child Care Innovation Summit. The event brought together hundreds of key public- and private-sector stakeholders from more than 40 states to discuss the vital role of child care as economic infrastructure and work towards accessible, affordable, and high-quality child care. The program highlighted and explored child care solutions during a series of panels, including creative care models and policies, emerging employer approaches, and public-private partnerships that can help address the child care crisis.

During the summit, Secretary Raimondo announced that the Census Bureau will be expanding the Current Population Survey Annual Social and Economic Supplement (CPS/ASEC) – the primary source of employment, household income, and poverty statistics for the United States – to more comprehensively understand the economic relevance of child care. More data will enable policymakers, researchers, and advocates to address the child care challenges that American families face daily at scale and will help inform targeted solutions that can support them and strengthen the U.S. economy.

The President’s Council of Economic Advisers also released a new issue brief that underscores the original, positive impacts of American Rescue Plan (ARP) funding, including reduced relative price growth and increased labor supply for mothers of young children. The new issue brief explores whether the evidence of those positive impacts has persisted after ARP fund expiration—finding suggestive evidence that these gains have stalled. The brief also highlights state-level efforts, showing that states that implemented stopgap funding in place of federal ARP dollars have been more resilient in the post-funding period.

Finally, the U.S. Chamber of Commerce announced Data Deep Dive: Women in the Workforce, which examines the shortage of women in the workforce, the root causes that hinder women’s full return, and how this phenomenon continues to cause long-term economic challenges for our nation.

“Cost and accessibility are systemic barriers to child care in the United States, and are holding too many families back from entering, staying and moving up in the workforce. This isn’t a social issue – this is an economic issue. My job is to make the United States the most competitive nation on Earth and we can only do that if we’re tapping into the full potential of our workforce. To do that, American workers need affordable, reliable, and accessible child care options,” said Secretary Raimondo. “We’re taking action under the Biden-Harris Administration to bring relief to families, but government can’t – and shouldn’t – go it alone. We need private sector leaders at the table to work with us, and other stakeholders across the care economy, to identify and target solutions that will support workers, families, and businesses. That’s what today was all about. We took an important step forward through this first-of-its-kind event, and I look forward to building on this work as we move forward.”

“The President knows that affordable, quality child care unlocks better earnings opportunities for parents and boosts retention and recruitment for businesses,” said Lael Brainard, White House National Economic Advisor. “That is why the President is making historic investments in child care directly and in partnership with the private sector and is taking action to support care workers.”

"Rethinking and reimagining child care in this country will go a long way in helping us build stronger families and communities, and a more robust workforce," said U.S. Chamber of Commerce President and CEO Suzanne P. Clark. "This is one of the defining challenges of our time—one that will require the talent, strength, and ingenuity of business and the partnership of our leaders in government. The Chamber, and the entire business community, is ready to get to work."

In addition to Secretary Raimondo, speakers included National Economic Council Director Lael Brainard, Domestic Policy Council Director Neera Tanden, Gender Policy Council Director Jennifer Klein, U.S. Chamber of Commerce President and CEO Suzanne Clark, U.S. Chamber of Commerce Foundation President Michael Carney, Etsy CEO Josh Silverman, Suffolk Construction Chairman and CEO John Fish, IBM CEO and Chairman Arvind Krishna, Massachusetts Governor Maura Healey, Colorado Governor Jared Polis, Indiana Governor Eric Holcomb, Congresswoman and Minority Whip Katherine Clark (D-MA), Congresswoman Ashley Hinson (R-IA), philanthropist Melinda French Gates, Moms First CEO Reshma Saujani, Caring Across Generations Executive Director Ai-jen Poo, SEIU Executive Vice President Heather Conroy, National Association for Family Child Care CEO Erica Phillips, National Association for the Education of Young Children CEO Michelle Kang, among many other private sector leaders, public officials, and care economy advocates and stakeholders.

In addition to announcements from the Department of Commerce, the White House, and the U.S. Chamber of Commerce, the private sector also announced efforts to address the accessibility and affordability of child care:

Investing in America Child Care Partnership Announces New Coordinated Effort

A group of national funders announced the Investing in America Child Care Partnership, a new philanthropic coordinated effort to leverage federal infrastructure and child care funding to strengthen local child care systems and increase the supply of high-quality, affordable child care in communities where highways, roads, bridges, and climate/energy-related projects are underway and semiconductor chips manufacturers are set to begin building or expanding plants. In select counties in Arizona, Michigan, New Hampshire, and Ohio (with potential to add others), the Partnership will fund technical assistance to employers to support their diverse workforce and build partnerships with the child care sector; support child care providers to strengthen their business practices by combining federal and state dollars, hire and train staff, and provide quality care; work with county and city officials to ensure supportive local policies to allow for child care supply expansion; and support local grassroots organizations to elevate the voices of child care providers and families to create solutions that work for the community, as a whole. The effort will support immediate community needs and allow for important learnings to inform and strengthen state and federal advocacy and systems improvement.

The group of funders who are implementation partners include the Century Foundation, Child Care for Every Family Network, Community Change, EPIC - Executives Partnering to Invest in Children, National Association of Counties, National Children’s Facilities Network led by IFF, LISC, Low-Income Investment Fund, Policy Equity Group, Public Private Strategies Institute, SEMI Foundation, and the U.S. Chamber of Commerce Foundation.

Intel Corporation Announces Expansion of Child Care Services

Intel Corporation announced an expansion of its child care services. Specifically, the major U.S. chip company announced an increase in the child care provider networks available to its employees, an expansion to its current backup child care benefits, the launch of a new child care subsidy pilot for non-exempt employees, the launch of a new subsidy program with contractors for apprentices working on its construction sites, and efforts to increase child care availability near its facilities.

View a full list of speakers and participants and the agenda.

Secretary Raimondo first announced the National Child Care Innovation Summit in April during an event at the White House on expanding access to care and other supportive services workers need to train for and stay in good-paying jobs. A White House fact sheet on the Biden-Harris Administration’s progress toward providing care and other supportive services for workers is available here.

Bureaus and Offices

U.S. Census Bureau

Tags

America's Data Agency

Readout of U.S.-EU-Japan-Republic of Korea Ministerial Meeting

Thu, 27 Jun 2024 01:01:12 +0000

Readout of U.S.-EU-Japan-Republic of Korea Ministerial Meeting [email protected] Wed, 06/26/2024 - 21:01

Export and investment promotion

FOR IMMEDIATE RELEASE

Wednesday, June 26, 2024

Office of Public Affairs

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Today, U.S. Secretary of Commerce Gina Raimondo met with European Commission Executive Vice President Margrethe Vestager, Japanese Minister of Economy, Trade and Industry Saito Ken, and Republic of Korea Minister of Trade, Industry and Energy Ahn Duk-geun to discuss the importance of trustworthy and resilient supply chains in key sectors.

The Ministers discussed shared concerns regarding the potential for non-market policies and practices to distort markets and undermine our workers, industries, and the resilience and security of our economies. In alignment with the approach taken through other multilateral forums, including the U.S.-Japan-Republic of Korea Trilateral Commerce and Industry Ministerial Meeting, the Ministers discussed the need to diversify supply chains where necessary and appropriate, and will continue to communicate on this issue.

Bureaus and Offices

International Trade Administration

Tags

European Union

South Korea

Japan

Joint Readout of the Ministerial Meeting of the Japan-United States Commercial and Industrial Partnership

Wed, 26 Jun 2024 20:51:58 +0000

Joint Readout of the Ministerial Meeting of the Japan-United States Commercial and Industrial Partnership [email protected] Wed, 06/26/2024 - 16:51

Artificial Intelligence

Export and investment promotion

ICT Supply Chain

Manufacturing

FOR IMMEDIATE RELEASE

Wednesday, June 26, 2024

Office of Public Affairs

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Today, U.S. Secretary of Commerce Gina Raimondo and Japanese Minister of Economy, Trade, and Industry Ken Saito held a ministerial meeting of the Japan-United States Commercial and Industrial Partnership (JUCIP).

During the meeting, the Secretary and Minister expressed deep concern about the weaponization of economic dependencies as well as the use of non-market policies and practices on certain supply sources for strategic goods. They recognized that such policies and practices have caused serious harm to industries and workers around the world, including in the Global South, and continue to create excess capacity and pose a grave risk to economic and national security in developed and developing economies alike. They discussed the need to address those systemic vulnerabilities, stemming from such strategic dependencies and overcapacities, and to promote a level playing field through coordinated efforts. In light of these concerns, they agreed to identify and operationalize joint efforts in specific strategic sectors and pursue, as appropriate, actions to increase the resilience of strategic supply chains, through strengthening supply and creating demand. These actions would be pursued both individually and collectively, including with like-minded partners, including in the Global South and will be based on the Principles on Resilient and Reliable Supply Chains, as articulated in the recent G7 Leaders’ Statement, and relevant criteria that take into account not only economic factors but also factors linked to the principles.

The Secretary and Minister also discussed several other areas of cooperation between the Department of Commerce and Ministry of Economy, Trade, and Industry, including on export controls and their desire to increase cooperation to strengthen the supply of gallium, germanium, and graphite.

Bureaus and Offices

International Trade Administration

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

Artificial Intelligence

Office of Public Affairs

[email protected]" rel="noreferrer">[email protected]

We, U.S. Secretary of Commerce Gina Raimondo; Japanese Minister of Economy, Trade, and Industry Saito Ken; and Republic of Korea (ROK) Minister of Trade, Industry, and Energy Ahn Duk-geun met in Washington today for the inaugural meeting of Commerce and Industry Ministers. United by the vision established by our three leaders at their historic Trilateral Summit at Camp David on August 18, 2023, we resolve to focus our joint efforts on a set of strategic areas designed to enhance the security and prosperity of our people and the Indo-Pacific region.

Our shared intent is to leverage this trilateral mechanism to promote the development of critical and emerging technologies and strengthen the security and resiliency of our economies. Recognizing these two goals are intertwined, we aim to prioritize cooperation to strengthen the resilience of supply chains in key sectors, including semiconductors and batteries; and to promote the Principles on Resilient and Reliable Supply Chains, namely, transparency, diversification, security, sustainability, and trustworthiness and reliability. Together, we seek to deepen our coordination of export controls on advanced technologies; enhance private sector partnerships for collaborative research and innovation related to advanced industrial technologies; advance efforts to develop international standards and ensure safe, secure, and trustworthy use of artificial intelligence (AI); expand collaboration on critical and emerging technologies and on critical minerals; work together to strengthen economic security; and support long-term economic cooperation among the partners to support operationalizing the Indo-Pacific Economic Framework for Prosperity (IPEF).

As part of these efforts, there is an urgency to our three sides working closely together to identify potential supply chain vulnerabilities for strategic goods that have resulted from a wide range of non-market policies and practices. We share concerns over the weaponization of economic dependencies on certain supply sources for strategic goods. To address the resulting, systemic vulnerabilities stemming from such dependencies, we intend to promote a level playing field through more closely coordinated efforts – including working together, and with other partners, on relevant criteria that take into account not only economic factors, but also factors linked to the Principles on Resilient and Reliable Supply Chains.

Semiconductors: We reaffirm our recognition of the essential role that semiconductors play in a wide range of industries and applications important to the growth of our economies and preservation of our national security. We note our shared interest in building resilient semiconductor supply chains and aim to accelerate cooperation to achieve this goal.

Clean Energy: Recognizing the need to reduce the carbon intensity and overall greenhouse gas emissions of our respective economies, we reaffirm the importance of trilateral cooperation to strengthen global battery supply chains. In addition, we concur that clean/zero emission and low-carbon hydrogen and its derivatives, such as clean ammonia, will play an essential role in the decarbonization of a wide variety of sectors. Towards that end, we intend to cooperate to promote the development of secure and resilient global supply chains for clean/zero emission and low-carbon hydrogen and its derivatives, including the consideration of their carbon intensity, and to explore how the three ministries that we lead can enhance cooperation on low- and/or carbon-free energy emissions technologies, including clean/zero emission and low-carbon hydrogen and its derivatives.

Critical Minerals: We further reaffirm the importance of increasing the availability of critical minerals and resilience of the supply chains, including through enhanced processing and refining capabilities, which is a crucial step in the clean energy transition. We plan to further efforts by our governments and private sectors to promote and encourage the development of Rare Earth Element (REE) technologies, including REE extraction and separation, and to work to establish stable supply chains for REEs and permanent magnets. We share concerns over recent non-market measures we have witnessed, which may lead to unreasonable and significant supply chain disruptions for critical minerals that include gallium, germanium, and graphite, and we are determined to take appropriate actions where necessary to secure sustainable and resilient global supply chains.

Export Controls: We appreciate the transformative role that critical and emerging technologies will play in expanding our economies and reshaping the competitive and strategic landscape. Our three countries have an inherent interest in promoting the responsible use of such technologies, while denying technological advances to those who may utilize them to threaten global peace and security and undermine human rights. We note the progress being made through the U.S.-Japan-ROK Disruptive Technology Protection Network (DTPN), and we welcome its high-level meeting in Washington on April 25, which resulted in the signing of two memoranda of intent to enhance cooperation and information sharing to combat illicit technology transfer, and to further align on enforcement of export controls. We also welcome the success of the 30th Asian Export Control Seminar, hosted by Japan in February in cooperation with the United States and ROK, which advanced strategic trade control systems across Asia. We applaud the February convening of export control principals from our three countries to discuss further alignment of export control policies and enhancement of our ability to effectively collaborate on shared priorities. The principals agreed to cooperate on controls for critical and emerging technologies, further align on Russia controls, and collaborate on outreach to countries in Southeast Asia.

AI: We are aligned on the need to enhance cooperation in promoting the responsible use of AI by our private sectors, and to deepen discussions on establishing interoperable standards, methods, and evaluations for AI safety. We welcome the important work being undertaken by the U.S. and Japanese AI Safety Institutes, and we aim to explore ways to initiate collaborative research and innovation among our private sectors for AI.

Cybersecurity: We are aware of, and understand the importance that effective cybersecurity plays in our economic security and for the protection of critical infrastructure, systems, and data, and we commend the U.S. National Institute of Standards and Technology (NIST) for its recent release of its Cybersecurity Framework 2.0.

Standards: We recognize that technical standards will play an increasingly crucial role in promoting interoperability, competitiveness, inclusivity, and innovation in strategic technologies and sectors of our economies. We concur on the importance of continuing to work together to utilize existing cooperation frameworks and advance international standardization efforts.

IPEF: We welcome the progress made at the June IPEF Ministerial meeting and related events in Singapore, including the signing of the IPEF Clean Economy Agreement, Fair Economy Agreement, overarching Agreement on IPEF, and entry into force of the Supply Chain Agreement at the end of February. We reaffirm our commitment to working together and with the other IPEF partners to deliver tangible benefits to the IPEF partners’ economies, citizens, and the private sector under these agreements. In addition, we welcome the outcomes of the inaugural Clean Economy Investor Forum, a landmark event that helped facilitate private investment in the Indo-Pacific region and a clear demonstration of the innovative approaches in which IPEF partners and the private sector can collaborate. We also reaffirm our commitment to the IPEF Clean Economy Agreement, including through the launch among participating IPEF partners of the Cooperative Work Programs on hydrogen, clean electricity, carbon markets, just transition, sustainable aviation fuel, embedded intensity accounting, e-waste urban mining, and small modular reactors.

NEXT STEPS: We pledge to support investment into one another’s economies and commercial engagements to the benefit of our economies, private sectors, workers, and communities. Looking ahead, we intend to meet annually at the Ministerial level and to charge our teams to engage between meetings to advance progress in the areas identified for collaboration.

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International Trade Administration

Leadership

Gina M. Raimondo

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Secretary Gina Raimondo

Artificial Intelligence

Indo-Pacific Economic Framework

Indo Pacific

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Office of Public Affairs

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Gina M. Raimondo

Minister Ahn, Minister Saito, it’s my honor to welcome you to the United States Department of Commerce.

Thank you for being here for the first-ever U.S.-Japan-Korea Commerce and Industry Ministerial.

When our leaders met at Camp David last August for their historic Trilateral Summit, they charged us with using this new, trilateral platform to raise our shared ambitions to a new horizon.

This is an important responsibility.

My department’s relationship with both of yours is already as close as any we have in the world.

In the area of semiconductors, where my department is implementing the $50 billion CHIPS program, we are working closely to build more resilient global supply chains.

And beyond semiconductors, we are collaborating in new areas such as biotech and biomanufacturing, quantum, AI, robotics, and other advanced manufacturing.

Now is the time for us to align more closely than ever to continue promoting the development of critical and emerging technologies, while also strengthening strategic supply chains and protecting our national and economic security through effective export controls.

As leading economies in manufacturing, services, and innovation, we do so with the awareness that our work must benefit not just our countries, but also our partners around the world and the Global South.

I look forward to our discussion today, and to getting to work on all of this.

Thank you.

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International Trade Administration

Leadership

Gina M. Raimondo

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Artificial Intelligence

Readout of Secretary Raimondo’s Meeting with Costa Rican Minister for Foreign Trade Manuel Tovar

Wed, 26 Jun 2024 19:44:45 +0000

Readout of Secretary Raimondo’s Meeting with Costa Rican Minister for Foreign Trade Manuel Tovar [email protected] Wed, 06/26/2024 - 15:44

ICT Supply Chain

Infrastructure

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Wednesday, June 26, 2024

Office of Public Affairs

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Today, Secretary of Commerce Gina Raimondo met with Costa Rica’s Minister for Foreign Trade Manuel Tovar. The two discussed efforts to elevate Costa Rica’s role in semiconductor assembly, testing, and packaging following the Secretary’s March visit to Costa Rica. They discussed the Ministry’s recent efforts to deepen commercial collaboration with Singapore, Japan and Taiwan, as well as progress made on Costa Rica’s Semiconductor Roadmap. The Secretary also commended Minister Tovar and the Government of Costa Rica’s efforts to promote secure and interoperable 5G infrastructure across the country.

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International Trade Administration

Leadership

Gina M. Raimondo

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Secretary Gina Raimondo

Costa Rica

Biden-Harris Administration Announces Preliminary Terms with Entegris to Onshore Supply Chain Materials for Leading-Edge Chip Production

Wed, 26 Jun 2024 09:00:00 +0000

Biden-Harris Administration Announces Preliminary Terms with Entegris to Onshore Supply Chain Materials for Leading-Edge Chip Production [email protected] Wed, 06/26/2024 - 05:00

Manufacturing

FOR IMMEDIATE RELEASE

Wednesday, June 26, 2024

Office of Public Affairs

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Proposed Investment Would Support Construction of a State-of-the-Art Manufacturing Center and Create Over 1,100 Direct Jobs in Colorado Springs, Colorado

Today, the Biden-Harris Administration announced that the Department of Commerce and Entegris, a key supplier of advanced materials and process solutions for leading-edge chipmakers, have reached a non-binding preliminary memorandum of terms (PMT) to provide the company with up to $75 million in proposed federal incentives under the CHIPS and Science Act. President Biden signed the bipartisan CHIPS and Science Act to usher in a new era of semiconductor manufacturing in the United States, bringing with it a revitalized domestic supply chain, good-paying jobs, and investments in the industries of the future. The proposed investment would onshore critical semiconductor supply chain and manufacturing materials for leading-edge chip production and create nearly 600 direct manufacturing jobs over a period of several years and approximately 500 construction jobs by 2030.

“As the Biden-Harris Administration is revitalizing America’s semiconductor manufacturing industry, we’re not just bringing leading-edge chip technology and fabs to the United States, we’re also bolstering the suppliers that make leading-edge manufacturing possible,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden’s leadership, we are working to onshore and expand critical pieces of the semiconductor supply chain, and create quality, good-paying jobs for Americans in the process.”

“President Biden continues to Invest in America by delivering good-paying jobs, strengthening our supply chains, and rebuilding our economy from the middle-out and bottom up. Today’s announcement would create over 1,100 new jobs in Colorado that will help power America’s semiconductor industry and drive American competitiveness,” said White House Deputy Chief of Staff Natalie Quillian. “Thanks to the President’s CHIPS and Science Act, Colorado Springs and communities across the country are playing an essential role in America’s manufacturing renaissance.”

Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries. Notably, the company invented the Front Opening Unified Pods (FOUPs), which are the highly specialized containers that secure semiconductor wafers while they are handled and transported during the manufacturing process. These internal transportation systems have dramatically enhanced the productivity of semiconductor manufacturing over the last two decades, with some of the world’s largest chipmakers, like Intel, TSMC, Micron, and GlobalFoundries, being major customers for these carriers. Entegris is also a global leader in the production of advanced membranes, chemical filters, and chemical storage drums that help with contamination control and the purification of processing chemicals in the production process. As semiconductor technology continues to become more advanced, demand for these materials is rapidly increasing.

“We are excited to be working with the Department of Commerce to help achieve the goal of strengthening the U.S. semiconductor industry infrastructure,” said Entegris President and Chief Executive Officer Bertrand Loy. “This proposed federal support would help further position us to respond quickly to meet the needs of our customers, the leading chip manufacturers, while also re-establishing Colorado as a major technology hub.”

The proposed CHIPS investment would support Entegris’ construction of its state-of-the-art manufacturing center in Colorado Springs. The center is being built in multiple phases: the first to support production of FOUPs—which are currently entirely produced abroad—and liquid filter membranes, and the second phase to support the production of advanced liquid filters and purifiers as well as fluid handling solutions. In addition to the manufacturing center, Entegris is also committed to further expanding their R&D capabilities in the United States by the end of the decade.

Entegris is partnering with Microchip Technology Inc., Pikes Peak State College, Pikes Peak Business, and Education Alliance, as well as various school districts and universities, to collaborate on workforce development and create a self-sustaining ecosystem in Colorado Springs and the Mountain West region. Entegris will also designate their project as a Military Center of Excellence that aims to recruit 50% of its entire project workforce from Veteran and military families through partnerships with Hiring our Heroes, Mt. Carmel Veterans Service Center, the SEMI Veteran Foundation, and local military bases.

In addition, according to Entegris, the construction and operation of the facility will align with Entegris’ comprehensive Corporate Social Responsibility framework, emphasizing environmental sustainability. Entegris has established a sustainability goal to reduce its greenhouse gas emissions (both type 1 and 2) by 42% by 2030 from the 2020 baseline. Entegris also plans to include facility designs that prioritize water recovery and recycling measures to reduce dependency on freshwater and to recycle 80% of process water.

The company has indicated that it plans to claim the Department of the Treasury’s Investment Tax Credit, which is expected to be up to 25% of qualified capital expenditures. As explained in its first Notice of Funding Opportunity, the Department may offer applicants a PMT on a non-binding basis after satisfactory completion of the merit review of a full application. The PMT outlines key terms for a potential CHIPS incentives award, including the amount and form of the award. The award amounts are subject to due diligence and negotiation of award documents and are conditional on the achievement of certain milestones. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant. The terms contained in any final award documents may differ from the terms of the PMT being announced today.

About CHIPS for America

CHIPS for America has announced up to $29.5 billion in proposed funding across eleven preliminary memoranda of terms to revitalize America’s semiconductor industry. These proposed CHIPS for America investments are already delivering significant results, including unlocking more than $300 billion in public and private investment between now and the end of the decade -- far and away the most investment in new production in the history of the U.S. semiconductor industry.

Earlier this year, Secretary Raimondo announced that we anticipate that America will produce 20% of the world’s leading-edge chips by the end of the decade, meaning our innovation capacity will no longer be as vulnerable to supply chain disruptions as it is today. The Semiconductor Industry Association released a report saying that America is on track to triple its domestic semiconductor manufacturing capacity from 2022 – when the CHIPS and Science Act was enacted – to 2032. The projected 204% growth is the largest projected percent increase in the world over that time.

With these announcements, America now has four of the world’s five leading-edge companies aggressively expanding on our shores. No other economy in the world has more than two of these companies producing leading-edge chips on its shores.

The Department has received more than 665 statements of interest, more than 167 pre-applications and 89 full applications for NOFO 1, and more than 160 small supplier concept plans for NOFO 2. The Department is continuing to conduct rigorous evaluation of applications to determine which projects will advance U.S. national and economic security, attract more private capital, and deliver other economic benefits to the country. The announcement with Entegris is the eleventh PMT announcement the Department of Commerce has made under the CHIPS and Science Act, with additional PMT announcements expected to follow throughout 2024.

CHIPS for America is part of President Biden’s economic plan to invest in America, stimulate private sector investment, create good-paying jobs, make more in the United States, and revitalize communities left behind. CHIPS for America includes the CHIPS Program Office, responsible for manufacturing incentives, and the CHIPS Research and Development Office, responsible for R&D programs, that both sit within the National Institute of Standards and Technology (NIST) at the Department of Commerce. NIST promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards, and technology in ways that enhance economic security and improve our quality of life. NIST is uniquely positioned to successfully administer the CHIPS for America program because of the bureau’s strong relationships with U.S. industries, its deep understanding of the semiconductor ecosystem, and its reputation as fair and trusted. Visit https://www.chips.gov to learn more.

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National Institute of Standards and Technology

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CHIPS for America

CHIPS and Science Act

Semiconductor Industry

In Milwaukee, Secretary Raimondo Announces New Wisconsin-Based Companies Join Million Women in Construction Community Pledge

Mon, 24 Jun 2024 17:11:55 +0000

In Milwaukee, Secretary Raimondo Announces New Wisconsin-Based Companies Join Million Women in Construction Community Pledge [email protected] Mon, 06/24/2024 - 13:11

ICT Supply Chain

Investing in communities and workers

Manufacturing

FOR IMMEDIATE RELEASE

Monday, June 24, 2024

Office of Public Affairs

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Wisconsin-based companies, Miron and Boldt join a growing list of construction industry leaders, including Bechtel and Turner who announced their support earlier last week.

On Friday, U.S. Secretary of Commerce Gina Raimondo traveled to Milwaukee to join Governor Tony Evers and the Wisconsin Regional Training Partnership WRTP | BIG STEP for a roundtable on women in construction and the trades, where she called on Wisconsin companies, unions, and training organizations to sign on to the Million Women in Construction Community Pledge to bring more women into the construction workforce.

Following her event, which included two Wisconsin-based companies, The Boldt Company and Miron Construction – two of the largest contractors in the state – she announced that both will sign on to the Department of Commerce’s Million Women in Construction Community Pledge. These two companies join a growing list of leading construction companies that have signed on to the Pledge, including Bechtel and Turner Construction, Baker Construction, Gilbane Building Company, McKissack & McKissack, Mortenson, Power Design, Shawmut Design and Construction, and Suffolk.

“President Biden’s Investing in America agenda is creating a construction boom all over the country, and with that boom comes a huge increase in jobs and opportunities for workers in construction and the trades. But to fill these jobs and get projects underway, we need to ensure we are tapping into the full potential of our workforce and that means we have to get more women in the door,” said Secretary Raimondo. “I am thrilled to be expanding our Million Women in Construction Community Pledge with Boldt and Miron’s commitment to support proven strategies that will help women and underserved communities in Wisconsin get access to good-paying, quality jobs in construction and the trades.”

By signing on to the Million Women in Construction Community Pledge, leaders in the industry are demonstrating an ongoing commitment to increase women’s access to training, jobs and leadership opportunities. Signers will focus on or scale up equitable hiring and workforce development efforts that create broader pipelines and opportunities for women. This industry-wide call to action encourages signers to voluntarily take action by utilizing best practices, including building community partnerships to reach women and girls, investing in solutions that increase supportive services such as child care, and fostering safe, healthy, and respectful workplaces.

In October of 2022, Secretary Raimondo announced the Million Women in Construction initiative, which aims to help build a new inclusive American workforce by doubling the number of women in construction over the next decade.

Last month, the Commerce Department announced a new industry voluntary pledge to bring more women into the construction industry, which included a number of leading construction companies. In addition, the Department also recently announced a CHIPS Women in Construction Framework with the goal of expanding the U.S. construction workforce. Under the Framework, semiconductor manufacturing companies will work with contractors, trade unions, and other community and workforce partners to implement best practices that will expand the construction workforce by increasing the participation of women and economically disadvantaged individuals.

“We at The Boldt Group recognize the importance of women at every level of our organization, from our leadership team to our skilled tradespeople. I am proud to sign the Million Women in Construction Community Pledge on behalf of The Boldt Group,” said Dave Kievet, President and CEO, The Boldt Group. “Boldt will continue to build on women's access to training, jobs and leadership coaching; scale our equitable hiring and workforce development efforts; adopt more best practices and support women in a safe, healthy and respectful workplace in alignment with the pledge.”

“Miron Construction understands that diversity drives innovation. With women comprising 10.9 percent of the construction industry and only 4.3 percent of skilled trade workers, our industry has an imbalance in gender diversity. Miron is committed to the equitable inclusion of all traditionally marginalized groups; we are excited to see the Million Women in Construction pledge help fill the skilled trades gap with passionate and smart individuals and increase gender diversity in the construction industry,” said Dave Walsh, Executive Vice President, Human Resources for Miron Construction.

The Million Women in Construction initiative is a nationwide call to action for the construction industry – construction contractors, trade unions, and training institutions – to commit to bold steps that will ensure a robust and diverse workforce in the years ahead. It will be necessary to recruit, train, hire, and retain thousands of new and non-traditional workers – the next generation of skilled laborers and leaders who are prepared to rebuild U.S. infrastructure and supply chains and complement Federal government investments.

Leadership

Gina M. Raimondo

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Million Women in Construction

Workforce Development

U.S. Departments of Commerce, Labor, and Education Expand SelectTalentUSA Partnership to New International Markets, Increasing Quality Jobs and Apprenticeships through FDI

Mon, 24 Jun 2024 15:05:55 +0000

U.S. Departments of Commerce, Labor, and Education Expand SelectTalentUSA Partnership to New International Markets, Increasing Quality Jobs and Apprenticeships through FDI [email protected] Mon, 06/24/2024 - 11:05

Investing in communities and workers

Manufacturing

FOR IMMEDIATE RELEASE

Monday, June 24, 2024

Office of Public Affairs

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Joint initiative strengthens federal workforce technical assistance to foreign multinational businesses in Japan, South Korea, and Taiwan starting or expanding U.S. operations

Today, the U.S. Department of Commerce announced a market expansion of SelectTalentUSA, a joint initiative across the U.S. Departments of Commerce, Labor, and Education providing technical assistance to foreign businesses to deliver recruitment and training programs for their U.S. workforce. Now SelectTalentUSA will include clients from Japan, South Korea, and Taiwan, to better serve the need of their semiconductor and supply chain firms and other companies seeking to establish or expand U.S. operations.

Launched in May 2023, SelectTalentUSA was first piloted in Austria, German, Liechtenstein, and Swiss markets, with the recent addition of, and with a focus on Registered Apprenticeships to increase cooperation and information exchange.

SelectTalentUSA helps foreign investor companies build local and state partnerships, adapt their talent-development approaches to the United States, and harness America’s comparative advantage – its diverse and skilled workforce. The Departments of Commerce, Labor, and Education along with over 20 other departments comprise the SelectUSA-led Interagency Investment Working Group (IIWG) to increase coordination and provide guidance and information related to specific and broad-reaching issues that affect business investment decisions.

SelectTalentUSA will leverage the IIWG to connect foreign investors to the resources and experts to establish quality training, education, and programs. During the pilot year, SelectUSA and the Departments of Labor and Education conducted outreach to companies focusing on Registered Apprenticeships (RA) with several developing programs. This outreach has resulted in companies either signing, or close to signing, RA standards with the Department of Labor to start new U.S. training programs.

SelectTalentUSA supports efforts to promote foreign direct investment that creates good-paying jobs in America. These investments are essential to the Biden-Harris Administration’s work in creating an equitable economy for workers and families and revitalizing communities that have been overlooked or left behind. This initiative also provides information and connections to foreign investors to help them successfully navigate the American workforce. The program’s expansion allows for more investor companies in varying markets to access the American workforce, create a skilled, talent pipeline, and create more quality job opportunities. It also increases SelectUSA’s support for the goals of the CHIPS for America program, a suite of programs to strengthen and revitalize the U.S. position in semiconductor research, development, and manufacturing.

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International Trade Administration

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SelectUSA

Foreign direct investment [FDI]

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Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness

Fri, 14 Jun 2024 00:17:52 +0000

Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness [email protected] Thu, 06/13/2024 - 20:17

Export and investment promotion

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Thursday, June 13, 2024

Office of Public Affairs

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Yesterday, U.S. Secretary of Commerce Gina Raimondo met virtually with the Advisory Committee on Supply Chain Competitiveness (ACSCC).

During the meeting, Secretary Raimondo underscored the crucial role that the Department of Commerce is playing in assessing and addressing challenges related to supply chain resilience and economic security. Specifically, the Secretary highlighted the value in leveraging the Department of Commerce’s Supply Chain Center to get ahead of supply chain challenges in collaboration with the private sector and the significance of working with our international partners to reduce barriers and create a level playing field for American firms and create American jobs. The Secretary also provided an update on the historic investments that the Biden-Harris Administration is making to strengthen supply chains and prevent future disruptions. She emphasized the Administration’s commitment to expanding production capacity in key sectors and building infrastructure and specifically provided an update on Commerce’s work in implementing the CHIPS and Science Act.

Prior to the Secretary’s remarks, Assistant Secretary of Commerce for Industry & Analysis Grant T. Harris provided an update on the work that the Supply Chain Center is doing to help bolster supply chain resilience, mitigate risks, and safeguard America’s economic and national security interests. Assistant Secretary Harris described the Supply Chain Center’s cutting-edge work to create a cross-sectoral risk assessment framework to identify systemic supply chain risk across the U.S. economy. He also updated the ACSCC on the Supply Chain Center’s work to create a playbook for the U.S. Government to use to understand and drive actions to strengthen supply chains related to critical and emerging technologies.

Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Venkataraman led a session on the Department’s priorities with Vietnam and India to increase collaboration on supply chain diversification and resilience. Lastly, Sharon Yuan, Chief Indo-Pacific Economic Framework for Prosperity (IPEF) Negotiator provided an update on how the United States and the 13 IPEF partners are working together to identify mutual supply chain priorities, share key information and analysis, and coordinate action to enhance global supply chain resilience that is consistent with our shared values.

The Committee advises the Secretary of Commerce on elements of a comprehensive, holistic national freight infrastructure, and a national freight policy designed to support U.S. export growth, foster national economic competitiveness, and improve U.S. supply chain competitiveness in the domestic and global economy. The Committee’s work is intended to further the Administration’s export, economic, and job growth goals. Visit www.trade.gov/advisory-committee-supply-chain-competitiveness to learn more.

The Supply Chain Center (SCC), housed within the International Trade Administration’s Industry and Analysis (I&A) unit, proactively works with American businesses and communities in increase the resilience of supply chains and address supply chain challenges. The Center integrates industry expertise and data analytics to develop innovative supply chain risk assessment tools, coordinate case studies on select critical supply chains, and collaborate with industry and international partners to strengthen supply chains.

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International Trade Administration

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Supply Chain

Readout of Secretary Raimondo’s Meeting with Secretary-General of ASEAN Dr. Kao Kim Hourn

Thu, 13 Jun 2024 14:21:51 +0000

Readout of Secretary Raimondo’s Meeting with Secretary-General of ASEAN Dr. Kao Kim Hourn [email protected] Thu, 06/13/2024 - 10:21

Artificial Intelligence

Export and investment promotion

FOR IMMEDIATE RELEASE

Thursday, June 13, 2024

Office of Public Affairs

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Yesterday, Secretary of Commerce Gina Raimondo met with Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dr. Kao Kim Hourn to discuss the Department of Commerce’s commitment to ASEAN and ASEAN member countries. The two discussed opportunities to increase trade and investment ties between the United States and the ASEAN region. The Secretary welcomed robust participation from ASEAN member countries at the Department’s SelectUSA Investment Summit from June 23-26 and increased Southeast Asian investment into the United States.

Secretary Raimondo also announced that the Department of Commerce will work with other U.S. government agencies to offer an expanded set of capacity building opportunities to ASEAN, in support of our economic engagement under the ASEAN-U.S. Comprehensive Strategic Partnership. As part of this effort, the Department of Commerce will continue to prioritize its work on standards with the ASEAN Consultative Committee on Standards and Quality. It will also support AI-focused and other digital economy-related technical assistance the United States is providing to negotiators of the ASEAN Digital Economy Framework Agreement.

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International Trade Administration

Leadership

Gina M. Raimondo

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Secretary Gina Raimondo

Artificial Intelligence

SelectUSA

SelectUSA Investment Summit

Foreign direct investment [FDI]

U.S. Department of Commerce Announces Latest Speaker Lineup for 10th SelectUSA Investment Summit with U.S. Cabinet and Senior Administration Officials

Wed, 12 Jun 2024 14:40:46 +0000

U.S. Department of Commerce Announces Latest Speaker Lineup for 10th SelectUSA Investment Summit with U.S. Cabinet and Senior Administration Officials [email protected] Wed, 06/12/2024 - 10:40

Export and investment promotion

Infrastructure

FOR IMMEDIATE RELEASE

Wednesday, June 12, 2024

Office of Public Affairs

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Today, the U.S. Department of Commerce announced the U.S. Cabinet members and White House senior officials speaking at the 2024 SelectUSA Investment Summit from June 23 to 26 at the Gaylord National Resort and Convention Center in National Harbor, Maryland.

U.S. Cabinet and White House senior officials joining the existing lineup of confirmed U.S. Governors and company executives include:

U.S. Secretary of State Antony Blinken
U.S. Secretary of Transportation Pete Buttigieg
Acting U.S. Secretary of Labor Julie Su
U.S. Deputy Secretary of Defense Kathleen Hicks
U.S. Deputy Secretary of Energy David Turk
Deputy National Security Advisor for International Economics Daleep Singh

Hosted by U.S. Secretary of Commerce Gina Raimondo, this year’s speakers will highlight the Biden-Harris Administration’s economic achievements and how the Investing in America agenda is strengthening U.S. competitiveness through once-in-a-generation investments in America’s infrastructure and clean energy future. The Investing in America agenda is attracting transformative foreign direct investment in U.S communities, creating well-paying jobs throughout the United States.

This year’s Investment Summit will be a major platform for over 10 planned new announcements by businesses of all sizes from around the world about their investment plans in the United States.

A full list of confirmed speakers and the current agenda for the 2024 SelectUSA Investment Summit is available online at www.selectusasummit.us.

Media Registration Now Open

Accredited journalists must register online at www.selectusasummit.us/Applications/Press-Pass-Application.

For media-related inquiries and troubleshooting, please email: [email protected]" rel="noreferrer">[email protected]

About SelectUSA

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International Trade Administration

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SelectUSA

SelectUSA Investment Summit

Foreign direct investment [FDI]

Clean Energy

Biden-Harris Administration Announces Preliminary Terms with Rocket Lab to Expand Production of Compound Semiconductors that Power Spacecrafts and Satellites

Tue, 11 Jun 2024 09:00:00 +0000

Biden-Harris Administration Announces Preliminary Terms with Rocket Lab to Expand Production of Compound Semiconductors that Power Spacecrafts and Satellites [email protected] Tue, 06/11/2024 - 05:00

Manufacturing

FOR IMMEDIATE RELEASE

Tuesday, June 11, 2024

Office of Public Affairs

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Today, the Biden-Harris Administration announced that the Department of Commerce and Rocket Lab, the parent company of space power provider SolAero Technologies Corp., have signed a non-binding preliminary memorandum of terms (PMT) to provide up to $23.9M in direct funding under the CHIPS and Science Act. The proposed CHIPS investment would help create a more robust and resilient supply of space-grade solar cells that power spacecrafts and satellites. The modernization and expansion project would increase Rocket Lab’s compound semiconductor production by 50% within the next three years – helping to meet the growing national security and commercial demand for these solar cells in the United States. The proposed investment would create over 100 direct manufacturing jobs.

“Solar cells are important for keeping our communication and space technology powered and operational, and this proposed award would help our military, NASA, and our commercial space industry have access to the specialty semiconductors they need to keep our country safe and continue to lead in scientific discoveries and space commerce,” said U.S. Secretary of Commerce Gina Raimondo. “Thanks to President Biden’s leadership and this proposed CHIPS investment, the United States is meeting the growing demand for these semiconductors while helping to diversify America’s chip manufacturing capabilities and creating new, quality jobs for workers in New Mexico.”

Headquartered in Albuquerque, New Mexico, Rocket Lab is one of two companies in the United States that specialize in the production of highly efficient and radiation resistant compound semiconductors called space-grade solar cells – devices used in space to convert light to electricity. Rocket Lab’s space-grade solar cells power important U.S. space programs, such as missile awareness systems and exploratory science missions, including the James Webb Space Telescope, NASA’s Artemis lunar explorations, the Ingenuity Mars Helicopter, and the Mars Insight Lander. Rocket Lab’s technology also serves a growing commercial satellite market. As the United States and other nations expand their technological presence in space, particularly with Low Earth Orbit (LEO) satellites that provide for more resiliency in space, there is a need for more space-grade solar cells to enable the industry’s transition. Space-based defense systems are also important components for our economic and national security, and are reliant on solar power.

“With today’s announcement, the President marks another important chapter for America’s semiconductor leadership, bringing the most innovative solar cell technology to New Mexico and boosting our leadership in space technology,” said White House National Economic Advisor Lael Brainard.

“Solar cells are increasingly important to maintaining United States’ leadership in space,” said Under Secretary of Commerce for Standards and Technology and National Institute of Standards and Technology Director Laurie E. Locascio. “Today’s announcement demonstrates a commitment to revitalizing all areas of America’s semiconductor industry alongside the research and development that makes these advances possible.”

“Semiconductors are central to modern life, to our economy, and to America's future. We are proud to be strengthening that future with the support of the CHIPS Office by expanding our production facilities to meet growing demand for the semiconductors that power the nation's most critical science, defense and commercial space missions,” said Rocket Lab founder and CEO Peter Beck. “For more than two decades our team has played an important role in the domestic production of semiconductors. This program is a continuation of our commitment to ensuring resilient U.S. supply chains and creating highly productive local jobs.”

In New Mexico, Rocket Lab will partner with New Space New Mexico (NSNM), a 501(c)(3) organization founded to accelerate the pace of innovation in New Mexico alongside government, academic, and private stakeholders. As part of this partnership, Rocket Lab will contribute $2 million over the next three years, allow access to their equipment, services, and personnel, and sponsor internship positions to advance the NewSpace Ignitor and Pathways to the Stars programs—two core initiatives of the NSNM program. NewSpace Ignitor will establish co-innovation hubs in Albuquerque, Navajo Nation, and rural southern New Mexico to provide opportunities and promote high-tech manufacturing in underserved communities.

The company has indicated that it plans to claim the Department of the Treasury’s Investment Tax Credit, which is expected to be up to 25% of qualified capital expenditures.

As explained in its first Notice of Funding Opportunity, the Department may offer applicants a PMT on a non-binding basis after satisfactory completion of the merit review of a full application. The PMT outlines key terms for a potential CHIPS incentives award, including the amount and form of the award. The award amounts are subject to due diligence and negotiation of award documents and are conditional on the achievement of certain milestones. After the PMT is signed, the Department begins a comprehensive due diligence process on the proposed projects and continues negotiating or refining certain terms with the applicant. The terms contained in any final award documents may differ from the terms of the PMT being announced today.

About CHIPS for America

The Department has received more than 670 statements of interest, more than 230 pre-applications and full applications for NOFO 1, and more than 160 small supplier concept plans for NOFO 2. The Department is continuing to conduct rigorous evaluation of applications to determine which projects will advance U.S. national and economic security, attract more private capital, and deliver other economic benefits to the country. The announcement with Rocket Lab is the tenth PMT announcement the Department of Commerce has made under the CHIPS and Science Act, with additional PMT announcements expected to follow throughout 2024.

Bureaus and Offices

National Institute of Standards and Technology

Tags

CHIPS for America

CHIPS and Science Act

Fact Sheet: The IPEF Partners Highlight Continued Progress, Advance Concrete Cooperation, and Welcome the Next Phase of Cooperation

Thu, 06 Jun 2024 13:37:39 +0000

Fact Sheet: The IPEF Partners Highlight Continued Progress, Advance Concrete Cooperation, and Welcome the Next Phase of Cooperation [email protected] Thu, 06/06/2024 - 09:37

ICT Supply Chain

Thursday, June 6, 2024

Office of Public Affairs

[email protected]" rel="noreferrer">[email protected]

Since President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) just two years ago, the United States and the 13 other IPEF partners have worked together to deepen long-term regional economic engagement. In that short time, this group of diverse partners have taken IPEF from a vision to three innovative economic cooperation agreements.

At the Ministerial meeting in Singapore on June 6, 2024, their fourth in-person meeting, Secretary Raimondo and the other IPEF partners highlighted the strong progress made since they last met in November 2023. The IPEF partners held a signing ceremony for the Clean Economy Agreement, Fair Economy Agreement, and the Agreement on IPEF. The IPEF partners welcomed the transition from negotiating the agreements to pursuing the sustained cooperation that will continue to provide the concrete economic benefits envisioned under each of the agreements. The announcements from the June 2024 Ministerial meeting and inaugural Clean Economy Investor Forum demonstrate the innovative ways in which the IPEF agreements can deliver on that promise of tangible benefits, both now and in the future. Importantly, the continued focus of the partners on concrete actions will continue to ensure strong results.

The IPEF Supply Chain Agreement: Since the Supply Chain Agreement’s entry into force, the IPEF partners have acted quickly to stand up the three bodies under the Agreement that will serve as the basis for ongoing cooperation among the partners. This cooperation aims to strengthen supply chains across the region, targeting critical sectors of shared interest for cooperative initiatives to promote competitiveness and resilience and better prepare for and respond to costly supply chain disruptions, all while empowering workers and promoting labor rights within regional supply chains.

Joining Fiji, India, Japan, Korea, Singapore, and the United States as Parties to Agreement, Malaysia and Thailand ratified the Supply Chain Agreement, marking continued progress on bringing the Agreement into force for all 14 partners.
The IPEF partners highlighted the progress in establishing the three supply chain bodies – the Supply Chain Council, the Crisis Response Network, and the Labor Rights Advisory Board – which once fully operational will drive priority initiatives to further IPEF partners goals under the Agreement.
To advance their work under the Agreement, the IPEF partners agreed to hold the first virtual meetings of the three bodies in July, and to hold in-person meetings of the Supply Chain Council, as well as the Crisis Response Network, on the margins of a U.S. Department of Commerce-convened Supply Chain Summit in Washington, D.C. before the end of 2024.

The IPEF Clean Economy Agreement: In support of the objectives of the IPEF Clean Economy Agreement, the IPEF partners are using the cooperative work program (CWP) mechanism to pursue ongoing cooperation on shared priorities. Additionally, the financing framework under the Agreement will help mobilize sustainable financing consistent with strong labor rights and environmental protections. Through these two ongoing workstreams, the IPEF partners are pursuing a variety of modalities for cooperation that will create pathways for the partners to take meaningful steps in their transitions towards clean economies. During the June Ministerial meeting and Clean Economy Investor Forum, the United States:

Worked with the IPEF partners to advance the previously announced five CWPs on hydrogen supply chains, carbon markets, clean electricity, just transition, and sustainable aviation fuel, and agreed to pursue three new CWPs covering emissions intensity accounting, e-waste urban mining, and small modular reactors;
Welcomed the IPEF Catalytic Capital Fund becoming operational, which will deploy concessional financing, technical assistance, and capacity-building in order to expand the pipeline of quality, resilient, and inclusive clean economy infrastructure projects in the IPEF emerging and upper-middle income economies;
Recruited a delegation of 22 top U.S. investors to Singapore to attend the inaugural Clean Economy Investor Forum, which seeks to facilitate private capital towards the $23 billion in infrastructure-related project opportunities presented at the Investor Forum; and
Announced a new coalition of leading investors with over $25 billion in capital that can be deployed in Indo-Pacific emerging market infrastructure investments in the coming years.

The Fair Economy Agreement: Technical assistance and capacity building (TACB) in support of the IPEF Partners continued efforts to enhance the transparency and predictability of their markets as envisioned under the Fair Economy Agreement will play a critical role in making the IPEF markets more attractive destinations for trade and investment. To that end, at the June Ministerial meeting, the United States and other IPEF partners strongly supported the creation of a Catalogue of Technical Assistance and Capacity Building Initiatives for the IPEF Pillar IV Fair Economy Agreement, which will be regularly updated to reflect available TACB programming offered by the IPEF partners. The initial list includes both established and new TACB programming related to anti-corruption, tax administration, and labor rights protection that will be available to partners. In addition to certain TACB programming shared last year, the United States announced new TACB programming to support implementation of the Fair Economy Agreement.

The U.S. Department of State (State Department) Bureau of International Narcotics and Law Enforcement Affairs (INL) is funding a new anti-corruption TACB program that will be implemented by the U.S. Department of Commerce’s Commercial Law Development Program (CLDP). To be implemented in late-2024, the approximately $1.5 million TACB initiative will focus on enhancing IPEF partners’ capacity to implement the anti-corruption provisions of the Fair Economy Agreement and take into account TACB needs of partners in designing the TACB programming under the initiative.
The U.S. Department of the Treasury’s Office of Technical Assistance (OTA) will hold a virtual workshop in support of the goals of the IPEF Fair Economy Agreement and its Capacity Building Annex. The workshop will serve as a forum to discuss the importance of effective tax administration to support economic and development objectives. This will also be an opportunity to learn more about OTA’s work with partner countries in this important area of public financial management.
The State Department launched a regional anti-corruption hub in Southeast Asia. The hub, led by the United Nations Office of Drugs and Crime (UNODC), focuses on regional UNCAC implementation to identify gaps in implementation and provide technical assistance to close them. The State Department’s INL has advised UNODC that the hub should have a clear focus on implementation of the IPEF Pillar IV Fair Economy Agreement to prioritize strengthening anti-corruption efforts that would further the objectives of IPEF Pillar IV.
The State Department’s INL has also funded a separate program with UNODC to support implementation of IPEF Pillar IV focused on strengthening anti-corruption capabilities. This funding will facilitate a study on the main areas for enhanced cooperation in the fight against corruption in IPEF countries and three anti-corruption workshops in the fall of 2024 to build IPEF partner capacity on key anti-corruption priority areas such as anti-bribery, asset recovery, and government procurement. These workshops, which will be held in Malaysia and Vietnam, will enhance practitioners’ understanding and capacity on these topics, identify common challenges and good practices, strengthen cooperation among IPEF partners and relevant stakeholders, and develop follow-on activities at the national and international level to support Pillar 4’s anti-corruption objectives.

Promoting Labor Rights: In furtherance of its commitment to empowering workers across all the IPEF agreements, the United States plans to convene a Labor and Networks Discussion of IPEF partners, labor stakeholders, and employer stakeholders in August in the region to sustain progress already achieved on labor-related issues and discuss implementation of the labor provisions contained in the three agreements.

Going Forward: The IPEF partners remain focused on the period ahead and ensuring the long-term success of IPEF. During the Ministerial meeting, the IPEF partners reaffirmed their commitment to prioritize building upon the impressive work to date and will now take steps to operationalize the four Agreements with a focus on delivering positive and meaningful outcomes for their domestic stakeholders.

More specifically, all the IPEF partners will work expeditiously on their domestic processes for entry into force of the Clean Economy Agreement, Fair Economy Agreement, and Agreement on IPEF. For the Supply Chain Agreement, IPEF partners are committed to quickly standing up the Supply Chain Council, Crisis Response Network, and Labor Rights Advisory Board and to hold initial meetings of the bodies in the coming months.

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

Indo-Pacific Economic Framework

Indo Pacific

Clean Energy

Singapore

Joint Statement on Australia-United States Strategic Commercial Dialogue

Thu, 06 Jun 2024 13:10:19 +0000

Joint Statement on Australia-United States Strategic Commercial Dialogue [email protected] Thu, 06/06/2024 - 09:10

Trade enforcement

FOR IMMEDIATE RELEASE

Thursday, June 6, 2024

Office of Public Affairs

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Alongside the Indo-Pacific Economic Framework for Prosperity (IPEF) ministerial meetings in Singapore, U.S. Secretary of Commerce Gina Raimondo and Australian Minister for Trade and Tourism, Senator the Honourable Don Farrell, met on June 6, 2024, for the third annual ministerial meeting of the Australia-United States Strategic Commercial Dialogue.

The Secretary and Minster reiterated the value of the Dialogue as a key mechanism to discuss shared Australian – United States economic and commercial objectives and committed to work together to support an open, stable, and prosperous Indo-Pacific region.

The Secretary and Minister reiterated their strong commitment to the IPEF. Both commended the strong progress to date, including the signing of the IPEF Agreement Relating to a Clean Economy, IPEF Agreement Relating to a Fair Economy, and Agreement on the Indo-Pacific Economic Framework for Prosperity. They agreed the signing of these agreements marks another major milestone and paves the way for closer cooperation on matters of critical importance to the Indo-Pacific region. They also noted the success of the inaugural IPEF Clean Economy Investor Forum, which links industry and investors with climate technology and infrastructure projects.

The Secretary and Minister reviewed progress made by Australia and the United States in taking decisive action to reduce carbon emissions and committed to continue to cooperate closely under the Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact. They noted the high level of ambition in this area reflected in the U.S. Inflation Reduction Act and the A Future Made in Australia agenda and recognized the importance of promoting the complementarity of these initiatives to investors and our private sectors.

The Secretary and Minister reaffirmed the importance of strengthened cooperation on economic security in their discussions on trade, trade-distorting subsidies, national security issues tied to investment flows and continuing cooperation on investment screening, unfair trade practices and unfair competition.

The Secretary and Minister agreed on the ongoing importance of the annual Australia-U.S. Strategic Trade Controls Dialogue, recognizing this platform allows frank and productive conversations on dual-use technology export controls, including shared objectives and approaches with other partners.

Leadership

Gina M. Raimondo

Tags

Secretary Gina Raimondo

Indo-Pacific Economic Framework

Indo Pacific

Clean Energy

Singapore

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Biden-Harris Administration Announces Preliminary Terms with Rocket Lab to Expand Production of Compound Semiconductors that Power Spacecrafts and Satellites

Fact Sheet: The IPEF Partners Highlight Continued Progress, Advance Concrete Cooperation, and Welcome the Next Phase of Cooperation

Joint Statement on Australia-United States Strategic Commercial Dialogue