As 2025 begins, the Commerce Department reflects on its significant achievements from the previous year. The department has focused on building an economy that benefits all Americans by increasing access to high-speed internet, revitalizing industries such as semiconductors and manufacturing, and producing reliable economic data.

The second anniversary of the CHIPS and Science Act was marked by over $30 billion in proposed private sector investments in semiconductor manufacturing across 15 states. This initiative aims to create quality jobs and boost local economies.

Investments by the Biden-Harris Administration have significantly impacted U.S. manufacturing, transforming production processes nationwide. The rise of generative Artificial Intelligence (GenAI) has sparked discussions about its potential to change various aspects of life, including work and education.

Economic indicators showed strong performance with a GDP growth rate of 2.8 percent in the third quarter of 2024, driven largely by increased consumer spending. Additionally, efforts to provide high-speed internet have connected over 2.4 million unserved homes and businesses.

For the twelfth consecutive year, the United States remained a top destination for foreign direct investment due to robust economic growth fueled by consumer and government spending.

The importance of representation in STEM fields was highlighted as crucial for inspiring future generations. Job creation exceeded expectations in March with over 300,000 new positions added nationwide.

The Commerce Department's USPTO introduced a national strategy to empower innovators from diverse backgrounds while Secretary Gina Raimondo emphasized recruiting more women into trades like construction.

Internationally, Secretary Raimondo praised Kenya for its leadership in Africa’s digital transformation through a partnership promoting AI development.

Efforts also extended towards bringing economic equity to tribal communities within America, underscoring that growth must be shared equitably across all sectors of society.

The Commerce Department remains dedicated to enhancing U.S. competitiveness and fostering job growth throughout all American communities.