Discover Global Markets:U.S. Manufacturers to Europe & Beyond

Sept 18th to the 20th, 2017
Westin Cleveland Hotel
777 St. Clair Avenue Cleveland, Ohio 44114

Discover Global Markets is the U.S. Department of Commerce’s flagship event series for U.S. exporters. In just two and a half days, attendees at Discover Global Markets will uncover new exporting opportunities, learn from seasoned exporters, and connect with hundreds of networking contacts.

This conference will feature a dynamic mix of keynote speakers, general and sector-specific breakout sessions, pre-scheduled one-on-one meetings with U.S. Commercial Diplomats from all over Europe,“ask the experts” and OEM panels, and plenty of time built in for networking.

U.S. Department of Commerce Makes $30 Million Available to Assist America’s Coal Communities

To support locally-driven efforts in coal country to spur job growth, U.S. Secretary of Commerce Wilbur Ross today announced that the Department’s Economic Development Administration (EDA) has published a Notice of Funding Availability (NOFA) making $30 million in funds available to assist coal communities through the 2017 Assistance to Coal Communities (ACC 2017) initiative.

“The Trump administration is working every day to help America’s coal industry, its workers, and their communities,” said Secretary Ross. “This funding is one element of a government-wide effort to restore American jobs, and renew the areas hardest hit by misguided regulations.”

Since taking office, President Trump and his Administration have reversed regulations that have drastically squeezed the American energy sector, eliminated constricting energy restrictions that would have shackled the United States’ economy under the Paris climate change accord, blocked the EPA’s and other agencies needless war on coal, and, in conjunction with Congress, acted swiftly to roll back many of the burdensome regulations and laws which have strangled many American communities.

These critical policy shifts have resulted in a better deal for coal country and tangible results for American workers who have gone ignored for far too long.

The $30 million in ACC 2017 funds available for application are targeted to directly assist communities and regions severely impacted by the declining use of coal through activities and programs that support economic diversification, job creation, capital investment, workforce development and re-employment opportunities. Under the ACC 2017 initiative, EDA is seeking applications for projects and activities that will:

  • Support the creation of new businesses and jobs in a variety of industry sectors,
  • Create or implement economic diversification strategies targeting affected workers and businesses,
  • Develop a business incubator program,
  • Enhance access to and use of broadband services to support job growth,
  • Facilitate access to private capital investment, and provide related capacity building and technical assistance, or
  • Promote market access for goods and services created and manufactured by businesses in the impacted community/region.

Under the ACC 2017 initiative, the term coal economy is used to refer to the complete ecosystem of coal-reliant industries and businesses. This includes, but is not limited to:

  • Coal Mining; and/or
  • Coal-Fired Power Plants; and/or
  • Related Transportation, and/or Logistics, and/or Supply Chain Manufacturing Industries.

Prospective applicants are encouraged to refer to the NOFA on grants.gov for more details on the ACC 2017 funding, including eligibility, matching-fund requirements, and other information.

For additional information about ACC 2017, please visit the EDA’s ACC 2017 webpage at: www.eda.gov/coal.

Foreign Direct Investment: Driving Global Competitiveness and Innovation

Graphic on Direct Employment by Majority Foreign-Owned Firms in the United States.

The following is a cross-post from the U.S. Economic and Development Administration

Foreign Direct Investment (FDI) plays an important role in the U.S. economy. It leads to the creation of jobs, an increase in wealth and living standards, and overall growth and innovation that drive the U.S. economic competitiveness. Later this month, the Commerce Department will host the 2017 SelectUSA Investment Summit providing a platform to communicate economic priorities and affirm the United States as the number one destination in the world for foreign direct investment.

The United States remains an attractive destination for FDI for a variety of reasons, including a large consumer base, a productive workforce, a highly innovative environment, and legal protections. As a result, foreign firms make investments in the United States on a regular basis by establishing new operations, purchasing existing operations of another company, or providing additional capital to their existing U.S. operations.

The U.S. welcomes foreign investment, and the numbers show that investors have confidence in the opportunities here. With a population of 320 million and a Gross Domestic Product (GDP) that’s over $18 trillion, our nation is home to more FDI stock than any other country.

The numbers paint the big picture:

  • 12.1 million jobs are attributable to FDI.
  • 6.4 million reflects the number of U.S. workers who are directly employed by majority foreign-owned firms.
  • 2.4 million includes jobs attributable to the economic activity of majority foreign-owned firms, including jobs in those firms’ supply chains, jobs attributable to higher incomes, and other economic effects.
  • In the manufacturing sector alone, productivity growth from technology spillovers associated with FDI contributed 3.5 million jobs.

At the Commerce Department’s Economic Development Administratoin (EDA), FDI is one of our investment priorities. These priorities are designed to provide an overarching framework to guide the agency’s investment portfolio and ensure its investments contribute the strongest positive impact on sustainable regional economic growth and diversification.

Since FY2011, EDA invested more than $109 million in 91 projects to help advance local strategies to attract FDI. Of the total, 61 projects totaling close to $98 million are expected to create and/or retain 30,073 jobs and attract over $8 billion in private investment. The other 30 projects totaling close to $12 million support FDI-related planning, research, technical assistance, access to capital, and/or other activities that are essential for successful economic development and job creation in the future.
Examples that show how EDA is investing to support FDI include:

  • Mississippi: Mississippi State University’s Canton-based office received the Mississippi Economic Development Council’s Community Economic Development Award for its work to bring advanced manufacturing jobs back to America. The program acquired its initial funding through EDA. According to the University, the initiative resulted in a nearly $11 million economic impact, with more than 33 direct investment opportunities identified and 333 jobs created or saved. Additionally, the program saw 262 industry certifications and 221 paid internships in high-demand advanced manufacturing skills.
  • Georgia: Over the last three decades, the global automotive sector has established a noticeable presence in the Southeast United States. From Mercedes in Alabama, to BMW in South Carolina, many automotive manufacturers are seeking to take advantage of the Southeast’s comparatively inexpensive cost of doing business, warm climate, and excellent transportation networks. In 2015, EDA invested $700,000 in Public Works Program funds in the city of Lavonia, Georgia, to make sewer systems improvements that helped bring a foreign-based automotive parts manufacturer to the region. As a result, it is estimated that the region will gain 400 new manufacturing jobs and attract $54 million in foreign direct investment.

Secretary Chao Joins President Trump for Roads, Rails, and Regulatory Relief Event

WASHINGTON – Friday, June 9, Surrounded by hundreds of infrastructure workers and stakeholders, U.S. Department of Transportation Secretary Elaine L. Chao joined President Donald J. Trump in the closing event of ‘Infrastructure Week’ at Department Headquarters in Washington. Secretary Chao announced the Department has published a federal register notice seeking public input in order to identify and reduce unnecessary regulatory obstacles that too often stand in the way of completing important infrastructure projects across the nation.

“We are so fortunate because this President is a builder, he understands the challenges facing our country’s infrastructure better than any national leader in recent memory,” said Secretary Chao. “The Department has published a notice in the Federal Register soliciting comments from the public and all stakeholders on ways to improve government permitting; if you have any ideas, we want to hear from you!”

“The current process takes far too long,” said Secretary Chao. “Today, and all week, we have heard many recommendations from governors, mayors and other state officials who actually build things. A special DOT Task Force has already acted on what we’ve been hearing and identified dozens of ways to streamline the process.”

U.S. Department of Transportation Deputy Secretary Jeff Rosen chairs the Department’s Regulatory Reform Task Force, formed earlier this year in accordance with President Trump’s Executive Order 13777, which directs each agency to establish an RRTF to make recommendations to alleviate unnecessary regulatory burdens.

“This is part of a greater focus by the Administration to remain responsive to the needs of the public and industry, rather than pushing a ‘top down, government knows best’ approach to regulation,” said Deputy Secretary Rosen. “We expect this process will help us uncover ways to assist in better deploying infrastructure – ways we hadn’t even thought of.”

DOT is requesting input because public and private project sponsors, engineering and construction professionals, related industry organizations, and other transportation stakeholders are likely to have valuable direct experience with the Department’s requirements. That experience supplements the Department’s employees’ expertise and may help identify when a requirement has become an unnecessary obstacle.

The comment period will be open for 45 days at this link[external link]. All comments will be available in the public docket and available for public review. The Department has made engaging the public, especially affected stakeholders, a top priority.

Explore Export Opportunities in Poland and the Czech Republic

Smart Cities Business Development Mission to Poland & the Czech Republic
Dates: September 10-15, 2017

Explore Export Opportunities in Poland and the Czech Republic

The U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration, is organizing a Smart Cities Business Development Mission to Poland and the Czech Republic from September 10 – 15.

This mission is focused on business and designed to help export ready U.S. companies launch or increase their export business in promising sectors in Poland and the Czech Republic that contribute to the development of smart cities, including e-mobility, energy efficiency and management, e-governance, and environmental management and quality, including air and water quality.

U.S. companies will attend pre-scheduled meetings with potential agents, distributors, end users, industry contacts and government officials for the goal of launching or increasing exports.

Trade with China Continues Trend While Comprehensive Economic Dialogue Hopes to Balance Deficits

The trade deficit in goods with China ballooned by 13.8 percent year-over-year while the overall trade deficit increased by 5 percent since March as imports increased slightly and exports declined following the release of the April 2017 International Trade in Goods and Services monthly data by the Department of Commerce.

“While the overall trade deficit continues to grow, it is too soon for the numbers to reflect the recent deal with China and other actions of this Administration is taking to level the balance of trade,” said Secretary Ross. “We look forward to the July 16 deadline which will open up the Chinese market to American beef, liquefied natural gas and other products.”

The U.S. goods and services deficit with China increased 5.4 percent from the fourth quarter of 2016 to the first quarter of 2017 growing from $77.714 billion to $81.901 billion.

The trade deficit widened month-to-month with China from 24.6 billion in March to 27.6 billion in April.

While the trade deficit with China grew, there was improvement in other areas. April exports to South Korea were the highest ever on record, while exports to Japan were the largest since August of 2014.

Year-to-date, the goods and services deficit increased $9.4 billion, or 7.5 percent, from the same period in 2016. Exports increased $38.0 billion or 7.1 percent. Imports increased $47.5 billion or 7.1 percent.

The April increase in the goods and services deficit reflected an increase in the goods deficit of $2.3 billion to $68.4 billion and a decrease in the services surplus of less than $0.1 billion to $20.8 billion.

2017 MED Week Conference

Sunday, October 22, 2017  to Wednesday, October 25, 2017

The Minority Business Development Agency (MBDA) to celebrate Minority Enterprise Development (MED) Week in partnership with the NMSDC at the 2017 NMSDC Conference and Business Opportunity Exchange.

The 2017 National MED Week celebration, recognized at the NMSDC Conference, will feature several Powered by MBDA workshops and seminars that focus on federal programs and recognize the 35th Annual National MED Week Award Winners in Detroit, Michigan