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World Trade Month: The Importance of Global Trade

Blogged By: 
Stefan M. Selig is the U.S. Under Secretary of Commerce
Created on May 4, 2016

World Trade MonthEvery year, World Trade Month—designated for the month of May—gives us the opportunity to acknowledge the importance of global trade, and look back at the economic advancements we have made as a result. This World Trade Month, we can look back and appreciate the success we have accomplished.

In 2015, our exports totaled $2.23 trillion, we increased our exports to 58 international markets, and we achieved record exports with 20 global partners. Our export success was one aspect of a strong year for the U.S. economy where our auto industry experienced its best year ever and our manufacturing sector reached record highs for output. Exports also contributed to our economy, supporting 11.5 million U.S. jobs and accounting for nearly 13 percent of U.S. GDP. In addition, last year, U.S. services exports tallied another strong year. In fact, business services; telecommunications, computer and information services; and travel all reached export increases of more than $1 billion.

Opportunity To Apply for Membership on the National Advisory Council on Innovation and Entrepreneurship (NACIE)

Blogged By: 
Created on May 3, 2016

On May 2, 2016, U.S. Economic Development Administration (EDA) opened the application period for NACIE’s 2016-2018 term. Applications are due by 11:59pm Eastern Time on June 1, 2016. NACIE supports Federal innovation strategy by advising the Secretary of Commerce on policies and programs that foster entrepreneurship and by identifying new ways to take ideas from the lab to the marketplace to drive economic growth and create jobs.

NACIE’s efforts have spanned areas from access to capital (which helped lead to the Jumpstart Our Business Startups Act (JOBS Act)) to innovation and entrepreneurship at universities (supported by 142 U.S. leading universities), from the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Programs to the gig economy, and beyond.

National Small Business Week Celebrates the American Entrepreneurial Spirit

Blogged By: 
SBA Administrator Maria Contreras-Sweet
Created on April 29 , 2016

What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave?

The 28 million small businesses that propel our economy forward and define our national entrepreneurial spirit.

Money Smart for Small Business is Expanded: Spanish Version Also Added

Blogged By: 
Created on April 29, 2016

Money Smart for Small Business (MSSB) provides a practical introduction to topics related to starting and managing a business. Developed jointly by the Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA), this instructor-led curriculum consists of 13 modules (download the MSSB Flyer). FDIC and SBA invites eligible organizations to begin teaching this free curriculum right away!

The curriculum can be downloaded , but it is also available in CD format.

MBDA Policy Roundtable at Hannover Messe Explores Changing Demographics and Inclusive Entrepreneurship

Blogged By: 
Gabriela Morales-Richards, MBDA Business Development Specialist
Created on April 29, 2016

Policy Round TableThis week at Hannover Messe, the largest industrial trade fair in the world, we see abundant evidence that global business is booming.  The fair features more than 6,500 exhibitors, and draws 250,000 visitors to explore innovations in energy, digital factory, industrial automation, industrial supply, and research and technology from leading companies. For the first time since the fair’s founding in 1947, the United States is the official partner country.

The massive gathering also provided the U.S. Department of Commerce Minority Business Development Agency an ideal platform for a dynamic exchange of ideas on changing demographics and entrepreneurship.  On April 27th, a U.S. – German policy roundtable titled Changing Demographics: Fostering Inclusive Entrepreneurship was led by U.S. Deputy Secretary Bruce Andrews, Member of German Budnestag Dieter Janecek, and MBDA National Director Alejandra Y. Castillo. The discussion explored issues that directly impact diverse small and medium sized businesses (SMEs) and available services to support their growth and global competitiveness.

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