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Created on June 29, 2016
The Department of Commerce's Assess Costs Everywhere tool (ACE) highlights the hidden costs and risks that manufacturers need to consider when deciding where to locate their operations or supply chains in the United States.
Since launching ACE in April 2013, the Department's Office of the Chief Economist has periodically updated the data and research underlying its analysis of 10 costs and risks. This week, coinciding with the third SelectUSA Investment Summit, we are announcing a new set of updates to the tool. The Summit brings together global companies, U.S. economic development agencies, and other parties working to encourage and facilitate investment in the United States—people who have done the calculus that ACE promotes and find that investing in the United States pays off.
Created on June 28, 2016
Throughout our country’s history, innovators have used the patent system to protect their ideas. From Samuel Hopkin's improved process in making potash, an ingredient in fertilizer in 1790, to the patents of the present day, the United States Patent and Trademark Office (USPTO) has evaluated and safeguarded innovation around the world.
The many years of data relating to innovation are all made publicly available by the USPTO through their recently launched Developer Hub. The Developer Hub provides a shareable, social platform for anyone using the data to showcase the unique ways they’re using it. This public resource makes it possible to answer fundamental questions in the technology and innovation spaces.
Among the vast set of data that the USPTO provides, the Patent Technology Monitoring Team (PTMT) produces aggregations of the underlying patent data, along multiple, different dimensions and partitions. These aggregations answer a host of questions for us, including questions related to trends in technology and innovation in any given sector.
From Basement to Pakistan: Georgia Small Business Exports Products Around the Globe with EXIM Financing
Created on June 24, 2016
Founded more than 15 years ago, a fast-growing supply company seated in the suburbs of Atlanta, Ga., started selling aircraft parts to commercial airlines and military air forces. The small company of only 35 is now considered one of the best spare parts providers in the world.
Aventure Aviation, nicknamed the ‘AutoZone for airplane supplies’ by its founder and president Zaheer Faruqi, found its humble beginnings in the basement of Zaheer’s home in Peachtree City, Atlanta.
The concept of providing a "customer driven first rate" aviation parts supplier service was the goal for this business venture. The idea originated from Zaheer’s previous work experience with a local part supplier company when he started noticing that similar companies lacked customer service and were solely profit oriented.
Zaheer visualized something greater and wanted to provide a service tailored to its individual customers overseas.
Created on June 15, 2016
It's important to form relationships on the ground in order to succeed. The Trade Winds--Latin America trade mission can connect you to key leaders, potential partners, and promising opportunities in seven growing markets.
Trade Winds will feature a Latin America business forum in Chile, along with trade mission stops in six promising Latin American markets. Join us in September to connect your business with the opportunities in this region!
Created on June 10, 2016
MBDA Associate Director for Business Development Takes Part in Follow-On Trade Mission to China
As he embarks on a trade mission to China, Efrain Gonzalez of the Minority Business Development Agency (MBDA) looks forward to laying the groundwork for growing numbers of American companies to participate in one of the fastest-growing markets in the world.
“It’s exciting to be a part of the effort to explore potential collaboration and partnerships in support of our minority business global business development effort in China,” said Gonzalez, Associate Director for Business Development at MBDA at the U.S. Commerce Department.
“Our goal is supporting the Department of Commerce’s efforts to create a strong foundation for global business development in China, particularly in green energy sectors,” Gonzalez said. “For the thousands of minority-owned businesses that MBDA serves, China represents a crucial international marketplace.”