Commerce at a Glance: June 30, 2022

The Latest News

Secretary Raimondo Meets with Advisory Committee on Supply Chain Competitiveness

Recently, Secretary of Commerce Gina M. Raimondo met with the Advisory Committee on Supply Chain Competitiveness (ACSCC) to receive updates, hear recommendations, and gather additional feedback on supply chain-related issues. During the meeting, Secretary Raimondo underscored the importance of the ACSCC’s recommendations to help inform Administration supply chain-related policies and initiatives, including interagency supply chain assessments and studies conducted under Executive Order (E.O.) 14017, “America’s Supply Chains.”

Joint Announcement: U.S. Department of Commerce and Singapore Ministry of Communications and Information Launch Partnership Program to Empower Women in Tech

U.S. Secretary of Commerce Gina M. Raimondo and Singapore’s Minister for Communications and Information Josephine Teo announced the launch of the U.S.-Singapore Women in Tech Partnership Program, a platform for budding and experienced women tech leaders from Singapore and the United States to establish new international contacts and networks. The program will debut as part of the 2022 SelectUSA Investment Summit in National Harbor, Maryland.

Russia-Ukraine War: Perspectives U.S. Exporters Need to Know

Russia’s latest unprovoked attack on Ukraine, and the Western sanctions that have followed, have had profound impacts on the global economy and forced businesses operating in Russia to re-think their way forward. Although numerous U.S. companies have successfully operated in Russia for many years, many are deciding to either withdraw from the market or suspend their operations in Russia, regardless of the significant economic losses incurred.

Russia-Belarus Export Controls Resources →

Summary Readout of Deputy Secretary Graves’ Travel to West Africa

Deputy Secretary Don Graves concluded his travels to West Africa, where he met with representatives from the governments of Côte d'Ivoire & Ghana, participated in key commercial forums driving investment and creating opportunities for U.S. businesses across Africa, and engaged with private sector and NGO representatives.

Deputy Secretary Don Graves Honors Juneteenth: "Equity is at the Core of Everything We Do at Commerce"

On behalf of the U.S. Department of Commerce, it’s my honor to wish you a happy Juneteenth. Today, we honor the Black Americans who blazed trails before us, those of us living their legacy today, and the future generations who fill us with hope. The great presence of Black resilience throughout American history has shaped our nation and is cause for reflection.

U.S. Department of Commerce and Saudi Ministry of Commerce Announce Plan to Deepen Commercial Cooperation

Secretary of Commerce Gina M. Raimondo and Minister of Commerce Majid Alkassabi launched the U.S.-Saudi Arabia Commercial Partnership Shared Work Plan, a roadmap that will guide cooperation between the U.S. Department of Commerce and Saudi Arabia's Ministry of Commerce as our countries continue to deepen our bilateral commercial relationship.

Secretary Raimondo Announces New National Strategy to Reenergize U.S. Travel and Tourism

Commerce Secretary Gina M. Raimondo today announced a new National Travel and Tourism Strategy that focuses federal government efforts to support the U.S. travel and tourism industry and sets an ambitious five-year goal of attracting 90 million international visitors to the United States each year. It is estimated these visitors would spend $279 billion annually—expenditures that will support job creation in communities across the United States, its territories, and the District of Columbia.

Deputy Secretary Graves Emphasizes Priorities for Enhanced U.S.-EU Transatlantic Trade with Leaders, Industry Representatives in Netherlands and Belgium

Deputy Secretary of Commerce Don Graves concluded a four-day visit to The Hague, Netherlands, and Brussels, Belgium to advance bilateral economic and security relations between the United States and partners in Europe. “We had very productive talks in both The Hague and Brussels that will further strengthen the U.S.-EU transatlantic partnership,” said Commerce Deputy Secretary Don Graves.

More Commerce News →

Around Commerce

U.S. Supercomputers for Weather and Climate Forecasts Get Major Bump

NOAA inaugurated the nation’s newest weather and climate supercomputers with an operational run of the National Blend of Models. The new supercomputers provide a significant upgrade to computing capacity,. . .

Washington Metropolitan Quantum Network Research Consortium

To advance quantum network capabilities and leadership, six U.S. government agencies with world-class research capabilities announce the establishment of the Washington Metropolitan Quantum Network Research Consortium

A House Tour by the Numbers

American Housing Month and National Homeownership Month celebrate the value of homeownership to families and communities and the ways banks and other public and private institutions can help people reach their housing goals.

Journeys of Innovation: Artificial Intelligence for All

Beyond the buzzwords and hype about artificial intelligence (AI), scientist Natalia Bilenko works to develop AI tools that are transparent and usable for everyday people. She focuses on capturing and codifying human knowledge. . .

Commerce by the Numbers

Nation Continues to Age as It Becomes More Diverse
The last two decades have seen the country grow continuously older. Since 2000, the national median age – the point at which one-half the population is older and one-half younger – has increased by 3.4 years, with the largest single-year gain of 0.3 years coming in 2021, bringing it to 38.8 years, according to newly released 2021 Population Estimates from the U.S. Census Bureau.

Learn More →

Personal Income and Outlays, May 2022

Personal income increased $113.4 billion, or 0.5 percent at a monthly rate, while consumer spending increased $32.7 billion, or 0.2 percent, in May. The increase in personal income primarily reflected an increase in compensation.

Learn More →

Build Back Better Regional Challenge Plays Catalytic Role in Accelerating Economic Development Strategies Across the Nation

The Build Back Better Regional Challenge – the marquee program of Economic Development Administration’s American Rescue Plan programs – is a $1 billion investment towards competitiveness and prosperity of regional economies across the United States. It represents a bold belief that with the right resources , bottom-up and middle out economic participation of key stakeholders and an inclusive strategy all regions can successfully participate in the global economy and create good jobs for workers at all skill levels.

Learn More →

Biden Administration Awards Nearly $7.7M Additional Grants to Tribal Groups Seeking to Develop Community Broadband Plans

The Department of Commerce’s National Telecommunications and Information Administration announced it has awarded nine grants as part of the Tribal Broadband Connectivity Program. These grants, totaling more than $7.7 million, are being awarded in six states – Alaska, California, Louisiana, South Carolina, Oklahoma, and Washington.

Learn More →

Biden Administration Announces Historic Coastal and Climate Resilience Funding

U.S. Commerce Secretary Gina M. Raimondo announced funding opportunities from NOAA's $2.96 billion in Bipartisan Infrastructure Law funds to address the climate crisis and strengthen coastal resilience and infrastructure. Over the next five years, NOAA’s targeted investments in the areas of habitat restoration, coastal resilience, and climate data and services will advance ongoing federal efforts toward building climate resilience.

Learn More →