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News and Announcements


  • Submitted on 14 August 2015

    The Gulf Coast Ecosystem Restoration Council, chaired by U.S. Secretary of Commerce Penny Pritzker, released the draft Initial Funded Priorities List (FPL) totaling approximately $183 million.  Using funds from the settlement with Transocean Deepwater Inc. for initial investments, the Council is seeking to address critical needs of ten key watersheds across the Gulf to help restore the region’s ecosystem and strengthen economic resilience.  Projects and programs in the draft list will help to revitalize the region through skills training for local communities, improvements in water quality, and habitat restoration critical to juvenile fish and endangered birds and sea turtles.  

  • Submitted on 05 August 2015

    2015 Regional Innovation Strategies Program to Spur Capacity Building and Access to Capital for Innovators and Entrepreneurs 

  • Submitted on 23 June 2015

    Jobs Supported by ExportsOn June 18, 2015 Secretary Pritzker and the Commerce Department released a report showcasing that in 2014, nearly 3.2 million jobs—44 percent of all jobs supported by goods exports—were supported by the export of goods to our Free Trade Agreement (FTA) partners.

    In 2014, the United States reached record levels in goods and services exports for the fifth consecutive year totaling $2.34 trillion. Since 2009, goods exports to our current FTA partners grew 64 percent versus 45 percent to the rest of the world. The United States continues to have a trade surplus in manufactured goods, $56 billion in 2014, with the countries in which we have trade agreements.

    Related Content: Free Trade Agreements + Exports = Jobs

  • Submitted on 15 June 2015

    OPINION EDITORIAL
    Thursday, June 11, 2015

    Publication: Asian Journal

    Albert K. ShenYou have likely heard many arguments from both sides of the debate concerning the passage of trade legislation and whether or not it is good for the country.

  • Submitted on 15 June 2015

    OPINION EDITORIAL
    Friday, June 5, 2015

    Publication: EFE Agency via Fox News Latino

    National Director Castillo

    At this point, you have likely heard arguments from both sides of the debate on whether or not passing trade legislation is good for our country.

  • Submitted on 21 May 2015

    As part of the Commerce Department efforts to increase digital engagement with businesses, entrepreneurs, and other stakeholders through 21st century technology, National Director Alejandra Y. Castillo recently launched @MBDANatlDir, the official Twitter account of the National Director of the Minority Business Development Agency. “Social networking allows us to reach more minority entrepreneurs where they already network,” said MBDA National Director Alejandra Castillo. “This is a great opportunity to talk directly with Americans about the work of MBDA to create and sustain U.S. jobs by promoting the growth and global competitiveness of businesses owned and operated by minority entrepreneurs.”

  • Submitted on 13 May 2015

    The Office of Advocacy released Demographic Characteristics of Business Owners and Employees: 2013, the second annual issue brief on business owner demographics. This year’s issue brief includes not only characteristics of business owners, but also how they differ from employees. This comparison is important for measuring the overall economic well-being of the economy including the economic incentives for entrepreneurship.

    Download Issue Brief

  • Submitted on 11 May 2015

    The Presidential Ambassadors for Global Entrepreneurship (PAGE) initiative was created to develop the next generation of entrepreneurs both at home and abroad. President Obama launched the initiative last April in the Roosevelt Room at the White House.

    In the initiative’s first year, PAGE members utilized their knowledge, ideas, and talent to inspire and empower the next generation of entrepreneurs both at home and around the world, by using their voice and platforms to deliver on the program’s mission.

  • Submitted on 05 May 2015

    The rich heritage of Asian Americans, Native Hawaiians, and Pacific Islanders spans the world and the depths of America's history.  Generation after generation, Asian Americans and Pacific Islanders have forged a proud legacy that reflects the spirit of our Nation -- a country that values the contributions of everyone who calls America home.  During Asian American and Pacific Islander (AAPI) Heritage Month, we honor the perseverance of those who courageously reached for their hopes and dreams in a new land, and we celebrate the important impact the AAPI community has made on our Nation's progress.

  • Submitted on 24 April 2015

    For small business owners and entrepreneurs to build, grow, and support their business, it takes capital, and today, many of these individuals are choosing alternative forms of capital. One popular avenue is crowdfunding. Crowdfunding systems enable users to make investments in various types of projects and ventures, often in small amounts, outside of a regulated exchange, using online social media platforms that facilitate direct interaction between investors as well as with the individual(s) raising funds.”1 There are three basic types of crowdfunding. Money is given in exchange for a clearly defined good (reward), a piece of the venture (equity), or a loan agreement (peer-to-peer). Typically, these three types of crowdfunding occur on different types of websites or platforms. Today, crowdfunding is steadily reaching critical mass as it is now estimated to be worth $3 billion to $5 billion worldwide.2

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