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...

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...

IPEF Partners Announce $23B of Sustainable Infrastructure Investment Opportunities at Inaugural Clean Economy Investor Forum On June 6, 2024, approximately two years since President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF), the United States joined its 13 IPEF partners – Australia, Brunei Darussalam, Fiji, India, Indonesia, Japan, Republic of Korea, Malaysia...

On June 5, 2024, U.S. Secretary of Commerce Raimondo and Singapore Minister for Communications and Information Josephine Teo co-led a Roundtable on Artificial Intelligence (AI) with U.S. and Singapore companies and government officials. The Roundtable underscored the importance of the close and long-standing relationship between the United States and Singapore, which has grown to include close...

“America is the most competitive country in the world, and that’s because of the strength of our workforce. But if we want to stay ahead, we need to ensure we are empowering our workers with the skills they need to secure the good-paying jobs we’re creating under President Biden’s Investing in America agenda.” —U.S. Secretary of Commerce Gina M. Raimondo On May 14, 2024, Secretary Raimondo...

President Biden’s economic plan is supporting investments and creating good jobs in key sectors that are vital for America’s economic future and national security. China’s unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers. China is also flooding global markets with artificially low-priced exports. In...

Under the Biden-Harris Administration’s Indo-Pacific Strategy, launched on February 11, 2022, the United States Department of Commerce has worked collaboratively with allies and partners to build an Indo-Pacific region that is free and open, connected, prosperous, secure, and resilient. Home to more than one-half of the world’s people and nearly two-thirds of the world’s economy, the Indo-Pacific...

The Administration expects to invest billions in the National Semiconductor Technology Center (NSTC), now established as a public-private consortium, and other CHIPS Research and Development (R&D) priorities Today, the Biden-Harris Administration announced it expects to invest over $5 billion in semiconductor-related research, development, and workforce needs, including in the National...