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Op-Ed by Commerce Secretary Wilbur L. Ross: American Workers are Winning

There is a significant body of evidence showing that the U.S. economy is strong. The U.S. economy has added millions of jobs,?and even long-neglected sectors like manufacturing are having a resurgence. Among the continuous good economic news, wage growth for America?s workers has taken center stage. For the first time since 2009, year over year nominal hourly wage growth met or surpassed 3 percent under the Trump Administration.

Secretary of Commerce Wilbur Ross Completes South American Trip

From July 29th to August 6th, U.S. Secretary of Commerce Wilbur Ross visited three South American countries ? Brazil, Argentina, and Peru ? in order to further solidify the strong relationships the United States has with these nations as well as to push for an end to the ongoing crisis in Venezuela.

?South American nations are critical partners for the United States in economic, political, and humanitarian matters,? said Secretary of Commerce Wilbur Ross. ?The stability of the Western Hemisphere is our shared responsibility ? each of our great countries succeeds and fails together.?

U.S. Department of Commerce Announces a New Draft Suspension Agreement on Fresh Tomatoes from Mexico

Recently, the U.S. Department of Commerce initialed a draft agreement with Mexican tomato growers to suspend the ongoing antidumping (AD) investigation of fresh tomatoes from Mexico, ensuring that the domestic tomato industry will be protected from unfair trade.

Your Health Care Is in Women's Hands

Women have driven 80% of the overall growth in the booming health care field since the turn of the century. The number of full-time, year-round workers in health care occupations has almost doubled since 2000, increasing from 5 million to 9 million workers, according to the U.S. Census Bureau?s American Community Survey.

EDA Focuses in on Opportunity Zones

The Economic Development Administration (EDA) provides strategic investments through competitive grants that foster job creation and attract private investment to support development in economically distressed areas of the United States. EDA is encouraging our economic development partners to think of Opportunity Zone investment as a new arrow in their quiver to not only enhance ROI for business interests, but also to encourage the public/private partnerships needed to drive private investment to distressed areas.

NIST Releases Draft Security Feature Recommendations for IoT Devices

Appliances from refrigerators to thermostats are now available in models that interact with a wireless network, making them easier to control with a computer or smartphone. Because these devices can also put our security at risk, the National Institute of Standards and Technology (NIST) has released a guide to help us all adjust to a world where seemingly everything is connected ? and potentially vulnerable. The guide identifies a set of voluntary recommended cybersecurity features to include in network-capable devices, whether designed for the home, the hospital or the factory floor.

Rocky Mountain Regional U.S. Patent and Trademark Office ? 5 years supporting innovation

Five years ago this summer, we opened our Rocky Mountain Regional Office (RMRO) in the Byron G. Rogers Building in downtown Denver. It was a huge day for both the USPTO and the people of Denver, whose great city is home to 24 federally funded research laboratories, four major research universities, and a creative and innovative environment full of start-ups. It also helped fulfill a key promise of the America Invents Act, to better connect inventors and entrepreneurs around the country with the resources of the USPTO.

Gross Domestic Product, Second Quarter 2019 (Second Estimate); Corporate Profits, Second Quarter 2019 (Preliminary Estimate)

Real gross domestic product (GDP) increased at an annual rate of 2.0 percent in the second quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month.

NTIA Data: Two-thirds of U.S. Internet Users Do Not Participate in the Sharing Economy

The Internet has fundamentally reshaped how Americans live, work and communicate. These changes have become more pronounced with speedier wireless Internet services, and increased use of mobile devices. One recent trend is the emergent ?sharing economy? where people are buying, selling and trading goods and services with each other. Examples including ride-hailing services, lodging and e-commerce.

Celebrate National Minority Enterprise Development (MED) Week

In honor of MBDA?s 50th Anniversary we are pleased to announce a week-long celebration of National Minority Enterprise Development (MED) Week in Washington, DC. We have partnered with some of the most prominent organizations in the country to present a first-of-its-kind MED Week conference experience. Join us for one or all of our stand alone events that will connect entrepreneurs with opportunity!

Dog Days of Summer

The ?dog days of summer? have arrived! According to the Farmer?s Almanac, they traditionally take place from July 3rd to August 11th. You may be surprised to learn that the phrase ?dog days of summer? originated with the Greeks and Romans and is derived from the ?dog star? Sirius and its position in the sky during this time. These days may be the hottest days of the year, depending on your latitude on Earth. Intellectual property (IP) rights power the U.S. economy across many industries, including the pet sector. Patents on technical innovations and trademarks on branding are critical assets in the pet industry.

The "New" Purpose of a Corporation

In case you missed it, on August 19, 2019, the Business Roundtable released a statement on the purpose of a corporation. This statement is probably overdue by at least a decade or two; however, it is still worthy of appreciation, as it acknowledges what many good corporations already practice and recognizes the importance of creating value for all key stakeholders, rather than focusing just on quarterly financial returns and stockholder earnings. The Wall Street Journal, Fortune, and many others published articles about the change.

U.S. Department of Commerce Announces Availability Of $587 Million To Aid Communities Impacted By Natural Disasters

U.S. Secretary of Commerce Wilbur Ross today announced that the Department?s Economic Development Administration (EDA) has published the Fiscal Year 2019 (FY2019) Disaster Supplemental Notice of Funding Opportunity (NOFO) making $587 million available to eligible grantees in communities impacted by Presidentially declared natural disasters in 2018, and floods and tornadoes in 2019.

NOAA Orders New Hurricane Hunter Jet and Turboprop Aircraft

NOAA has awarded contracts to two U.S. manufacturers for the purchase of new aircraft that will augment the agency?s environmental data-gathering capabilities.

Labor Day: September 2, 2019

Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.