News and reports from the Department of Commerce.

Since its founding in 1969 by President Nixon, the Minority Business Development Agency (MBDA) has been dedicated to promoting the growth of minority business enterprises through public and private sector programs, policy, and research. This mission is based on the understanding that achieving the full potential of the U.S. economy requires enabling every American entrepreneur to start and grow their businesses regardless of background.

U.S. Department of Commerce Secretary Gina Raimondo and Korean Minister of Trade, Industry, and Energy Ahn Duk-geun convened the second United States-Korea Supply Chain and Commercial Dialogue (SCCD) Ministerial Meeting on June 27, 2024. The meeting reviewed progress in deepening bilateral economic and commercial cooperation.

The 10th SelectUSA Investment Summit concluded yesterday, marking the largest event in its history with over 5,000 attendees from 96 international markets and representation from all 56 U.S. states and territories for the first time.

According to new survey data from the Federal Reserve’s 2023 Survey of Household Economics and Decisionmaking (SHED), low-income families are more likely to reduce work to care for young children, while high-income families are more likely to pay for care. These differing decisions have financial consequences, as families who reduce work are less well off financially than those who do not. Although families who pay for care are better off overall, child care costs remain a notable expense. On average, families who pay for care spend about half as much on that care as they do...

The U.S. Department of Commerce, in collaboration with the U.S. Chamber of Commerce and the U.S. Chamber of Commerce Foundation, hosted a National Child Care Innovation Summit on June 27, 2024. The event gathered hundreds of public- and private-sector stakeholders from over 40 states to discuss child care as essential economic infrastructure and explore solutions for accessible, affordable, and high-quality child care.

U.S. Secretary of Commerce Gina Raimondo and Japanese Minister of Economy, Trade, and Industry Ken Saito convened a ministerial meeting today under the Japan-United States Commercial and Industrial Partnership (JUCIP). During the session, both officials expressed significant concern over the weaponization of economic dependencies and non-market policies affecting strategic goods supply sources.

Minister Ahn, Minister Saito, it is 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.

U.S. Secretary of Commerce Gina Raimondo convened 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 today to deliberate on the significance of trustworthy and resilient supply chains in key sectors.

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 convened in Washington for the inaugural meeting of Commerce and Industry Ministers. The meeting aligns with the vision set by their leaders at the Trilateral Summit at Camp David on August 18, 2023.

The Biden-Harris Administration announced a preliminary memorandum of terms (PMT) with Entegris to onshore supply chain materials for advanced chip production. The Department of Commerce and Entegris, a supplier of advanced materials for chipmakers, reached an agreement involving up to $75 million in proposed federal incentives under the CHIPS and Science Act.

The U.S. Department of Commerce announced the expansion of SelectTalentUSA, a collaborative initiative with the Departments of Labor and Education, aimed at providing technical assistance to foreign businesses for recruitment and training programs within their U.S. workforce. This expansion now includes clients from Japan, South Korea, and Taiwan, specifically targeting semiconductor and supply chain firms looking to establish or expand operations in the United States.

Wisconsin-based companies Miron and Boldt have joined a growing list of construction industry leaders, including Bechtel and Turner, in supporting the Million Women in Construction Community Pledge. 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 trades. During the event, she called on Wisconsin companies, unions, and training organizations to sign the pledge aimed at increasing women's participation in the...

The U.S. Department of Commerce has released its updated Climate Adaptation Plan, joining over 20 federal agencies in expanding efforts to ensure federal operations are increasingly resilient to the impacts of climate change. This initiative is part of the Biden-Harris Administration's broader National Climate Resilience Framework, which aims to align climate resilience investments across both public and private sectors through common principles and coordinated actions.

Heat is considered a silent killer, affecting the lives and health of people across the United States. According to statistics from the Centers for Disease Control and Prevention (CDC), an average of 702 heat-related deaths occur each year in the country.

The U.S. Patent and Trademark Office (USPTO) recently unveiled a National Strategy for Inclusive Innovation aimed at broadening access to resources that foster innovation and entrepreneurship across diverse American communities. This initiative, developed in collaboration with the Council for Inclusive Innovation (CI2), seeks to stimulate economic growth, create quality jobs, and address global challenges by enhancing participation in STEM fields, inventorship, and innovation among historically underrepresented groups.