AP - The Obama administration launched a consolidated effort to spur new start-up businesses Monday, part of the White House's campaign to emphasize job creation while downplaying new economic spending initiatives that could face congressional opposition.
WASHINGTON — The White House said on Thursday that it is confident that President Barack Obama and his administration acted lawfully when rejecting TransCanada Corp’s Keystone XL crude oil pipeline from Canada.
TransCanada launched a lawsuit against the U.S. government on Wednesday and said it plans to seek US$15 billion in damages from a tribunal under the North American Free Trade Agreement.
The Department of Commerce’s Economic Development Administration (EDA) is the only federal agency solely focused on economic development. While economic development can take many forms (e.g., infrastructure, technical assistance, planning), workforce development is an especially critical tool to strengthening America’s workforce. Ensuring that American workers are trained with the skills they need to compete in the 21st century economy is a high priority for President Obama and the Administration, the Department of Commerce, and EDA.
NEW YORK/WASHINGTON: Hillary Clinton promised to be a champion for everyday Americans on Sunday as she kicked off a long-awaited second run for the White House as the commanding Democratic front runner. "Everyday Americans need a champion. I want to be that champion," Clinton said in a video released on the internet that announced her run. "Americans have fought their way back from tough economic times, but the deck is still stacked in favor of those at the top," she said.
As part of the Obama Administration’s commitment to
promoting the vast economic opportunity of the Internet and protecting
individual privacy, the National Science
and Technology Council has launched a new Subcommittee on Privacy and
Internet Policy. Populated by representatives from more than a dozen
Departments, agencies and Federal offices, and co-chaired by the two of us, the
subcommittee will develop principles and strategic directions with the goal of
fostering consensus in legislative, regulatory, and international Internet
In this digital age, a thriving and dynamic economy requires
Internet policies that promote innovation domestically and globally while
ensuring strong and sensible protections of individuals’ private information
and the ability of governments to meet their obligations to protect public
Recognizing the global nature of the digital economy and
challenges and develop approaches to meeting those challenges through
coordinated U.S. government action. The Subcommittee is committed to
fostering dialogue and cooperation between our Nation and its key trading
partners in support of flexible and robust privacy and innovation policies.
Such policies are essential to the health of competitive marketplaces for
online goods and services.
Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic DevelopmentOver the next two days, I will join several colleagues for a rural swing in North Carolina and Louisiana to promote jobs and innovation. Along with Deputy Under Secretary for USDA Rural Development Doug O’Brien, Appalachian Regional Commission Federal Co-Chair Earl F. Gohl, and Delta Regional Authority Federal Co-Chairman Christopher Masingill, I will attend events in rural America and tour two projects that were among the 13 winners of this year’s Rural Jobs and Innovation Accelerator Challenge. The Rural Jobs Accelerator—designed by the Taskforce for the Advancement of Regional Innovation Clusters and the White House Rural Council—is a joint effort of 13 federal agencies, working together to help accelerate economic and job growth across rural regions. It is a great example of collaboration across federal agencies to pool resources and identify new, innovative ways to create an economy built to last. Since taking office three and one-half years ago, President Obama has been deeply committed to strengthening rural economies all across America—helping to create jobs, support business growth, and expand opportunity for rural Americans. The administration has advanced new policies and initiatives and made significant investments in rural communities. The Rural Jobs Accelerator builds on those goals, seeking to foster job creation and business innovation in these communities.
Coffee chain Starbucks on Monday told US customers their country needs them -- to help create jobs.The chain, omnipresent in many US cities, announced the launch of a donation drive, with proceeds being used to back loans for small job-creating businesses."Small businesses are the backbone of America, employing more than half of all private sector workers -- but this critical jobs engine has stalled," said Starbucks boss Howard Schultz."We've got to thaw the channels of credit so that community businesses can start hiring again."
Today President Obama visited Master Lock in Milwaukee, Wisconsin and announced that the Department of Commerce will host the first annual SelectUSA Investment Summit, bringing companies from around the world to meet with governors, mayors and local stakeholders, federal agencies, and state and local economic development organizations together to discuss the benefits of investing and growing in the U.S. The Summit will build on the Administration’s efforts to promote investment in the U.S. by providing an annual forum to attract and expand U.S. investment and address questions and issues that companies face when they choose where to invest globally.Launched by Executive Order in June 2011, the Department of Commerce’s
SelectUSA program is the first-ever federal effort to help attract,
retain, and expand business investment. Historically, U.S. states and
cities have found themselves competing against foreign governments to
attract business investments, with the federal government playing only a
nominal role in the competition for global investment. Rather than
providing new incentives for investment, SelectUSA plays the critical
role of advocacy, coordination, facilitation, and information-gathering
The program has already paid dividends for American workers. Working
hand-in-hand with SelectUSA officials, the Michigan Economic Development
Corporation, and other local Michigan agencies, Canadian automotive
company AGS Automotive recently elected to make an investment in excess
of $20 million to add new manufacturing capabilities to permit it to
manufacture bumper impact assemblies in Michigan. The new business will
likely represent in excess of $100 million in annual sales over the
next 5 years and will enable AGS to retain approximately 50 jobs and
create over 100 new jobs in Michigan.
U.S. Commerce Secretary Gary Locke attended the President’s Export
Council (PEC) meeting at the White House today, where he updated PEC members on
the Commerce Department’s efforts to increase U.S. exports and help American
businesses compete globally.