Commerce at a Glance: March 31, 2023

The Latest News

2023 SelectUSA Investment Summit: Commerce Secretary Gina Raimondo Announces Speaker Lineup, Includes White House Senior Officials, U.S. Cabinet, U.S. Governors, and Prominent Private Sector Leaders

The U.S. Department of Commerce and SelectUSA announced the lineup of global executives, business leaders and U.S. government representatives who will address participants at the 2023 SelectUSA Investment Summit from May 1-4 in the Washington, D.C. area.

U.S. Secretary of Commerce Gina Raimondo Announces Fiber Manufacturing Expansions in North Carolina

As part of the Biden-Harris Administration’s Investing in America tour, U.S. Secretary of Commerce Gina Raimondo and Assistant Secretary of Commerce for Communications and Information Alan Davidson traveled to Hickory, NC to celebrate the announcement of new fiber optic cable production in the U.S. made possible by the Administration’s Internet for All Initiative.

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Commerce Department Outlines Proposed National Security Guardrails for CHIPS for America Incentives Program

The U.S. Department of Commerce today released a Notice of Proposed Rulemaking for the guardrails included in the CHIPS Incentives Program to advance America’s technological and national security. The national security guardrails are intended to ensure technology and innovation funded by the CHIPS and Science Act is not used for malign purposes by adversarial countries against the United States or its allies and partners.

President Biden’s Fiscal Year 2024 Budget Would Bolster Key Commerce Department Initiatives

The Biden-Harris Administration submitted to Congress the President’s Budget for fiscal year 2024. President Biden’s 2024 Budget for the Department of Commerce makes historic investments to drive U.S. innovation and global competitiveness, foster inclusive capitalism and equitable economic growth, address the climate crisis, and expand opportunity and discovery through data.

Deputy Secretary Graves Statement on the Release of the National Cybersecurity Strategy

The Biden-Harris Administration released the National Cybersecurity Strategy to position the United States and its allies and partners to build a digital ecosystem that is defensible, resilient, and aligned with our values.

After the announcement, U.S. Deputy Secretary of Commerce Don Graves released the following statement:

“The National Cybersecurity Strategy reinforces the need for partnership to address cybersecurity challenges critical to our economic and national security. This strategy reflects the vital role that the Department of Commerce plays in cybersecurity and leverages many of the Department’s best-in-class resources, such as the National Institute of Standards and Technology’s guidelines, and many other initiatives. We look forward to implementing this across the administration and in collaboration with the private sector.”

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Around Commerce

AI Could Set a New Bar for Designing Hurricane-Resistant Buildings

Being able to withstand hurricane-force winds is the key to a long life for many buildings on the Eastern Seaboard and Gulf Coast of the U.S. Determining the right level of winds to design for is tricky business, but support from artificial intelligence may offer a simple solution.

Journeys of Innovation: A girl’s window into history

Ignoring conventional wisdom on toys, educator Pleasant Rowland saw a market for tweens and created a beloved $300-million company. With more than 160 million books sold since 1986, the characters Rowland created continue to help children explore American history using stories about 9-year-old girls growing up during challenging times.

Two Years Into Pandemic, Domestic Migration Trends Shifted

The COVID-19 pandemic changed the U.S. population in many ways, including births, deaths and international migration. One of its more intriguing impacts was on domestic migration patterns.

Spring Outlook: California drought cut by half with more relief to come

Significant flooding is ongoing in the western U.S., especially in California, following another series of strong Pacific storms that battered the region and piled on to an already historic snowpack.

Commerce by the Numbers

EDA Looks Back, And Ahead, At The American Rescue Plan
On the first anniversary of the American Rescue Plan (ARP), President Biden noted that, “Few pieces of legislation – no hyperbole – in American history have done more to lift this country out of a crisis…”. A year later, the sentiment not only continues to ring true, but has even more evidence to prove it. 

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Arts and Culture Economy Grows 13.7 percent in 2021

Arts and cultural economic activity, adjusted for inflation, increased 13.7 percent in 2021 after decreasing 4.8 percent in 2020, according to statistics released today by the Bureau of Economic Analysis. By comparison, the broader economy, as measured by real gross domestic product, increased 5.9 percent in 2021 after decreasing 2.8 percent in 2020.

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New Work-From-Home Data by Race and Ethnicity Now Available

The U.S. Census Bureau released preliminary data from the Annual Business Survey (ABS) showing the impact of the coronavirus pandemic on businesses. The data provided include percentage of firms classified by sex, ethnicity, race and veteran status of the business.

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