U.S. Census Bureau Releases Key Statistics in Honor of Asian-American and Pacific Islander Heritage Month

U.S. Census Bureau Graphic on Asian Population Percentage by State.

Today marks the beginning of Asian-American and Pacific Islander Month. In 1978, a joint congressional resolution established Asian/Pacific American Heritage Week. The first 10 days of May were chosen to coincide with two important milestones in Asian/Pacific American history: the arrival in the United States of the first Japanese immigrants (May 7, 1843) and contributions of Chinese workers to the building of the transcontinental railroad, completed May 10, 1869.

In 1992, Congress expanded the observance to a month-long celebration that is now known as Asian-American and Pacific Islander Heritage Month. Per a 1997 U.S. Office of Management and Budget directive, the Asian or Pacific Islander racial category was separated into two categories: one being Asian and the other Native Hawaiian and Other Pacific Islander.

In honor of Asian-American Pacific Islander Heritage Month, the U.S. Census Bureau compiled a wide-range of demographic and economic statistics on our nation’s Asian-American and Pacific Islander populations.

Asian

21.0 million
The estimated number of Asian alone or in combination residents in the United States in 2015.

$76,260
The median income of households headed by the Asian alone or in combination population in 2015.

1.9 million
The estimated number of Asian-owned firms nationally in 2012, up from 1.5 million or 23.8 percent from 2007.

51.5%
The percentage of the Asian alone or in combination population age 25 and older who had a bachelor’s degree or higher level of education in 2015.

Native Hawaiian and Other Pacific Islander Population

1.5 million
The estimated number of Native Hawaiian and Other Pacific Islander alone or in combination residents of the United States in 2015.

$60,133
The median income of Native Hawaiian and Other Pacific Islander alone or in combination headed households in 2015.

54,749
The estimated number of Native Hawaiian and Other Pacific Islander-owned firms in 2012. The estimated number rose 45.3 percent from 37,687 in 2007.

88.8%
The percentage of the Native Hawaiian and Other Pacific Islander alone or in combination population age 25 and older with at least a high school diploma or equivalency in 2015.

For more key economic and demographic statistics, please see the U.S. Census Bureau’s Facts for Features: Asian-American and Pacific Islander Heritage Month: May 2017.

Energy Department to Continue Uranium Transfers to Support Mission Activities

WASHINGTON, DC – U.S. Secretary of Energy Rick Perry has issued a Determination permitting the Department of Energy (DOE) to continue making uranium transfers to support ongoing clean-up work at the Portsmouth Gaseous Diffusion Plant in Ohio, while also reducing the total amount of those transfers per year from 1,600 metric tons of uranium (MTU) to 1,200 MTU.

An analysis conducted by DOE to inform this Determination found that future transfers for cleanup work at a rate of up to 1,600 MTU per year would not constitute an adverse material impact to the domestic uranium mining, conversion, and enrichment industries. After further review, and in an effort to be responsive to feedback from industry, lawmakers, labor unions, and other stakeholders, this Determination will permit uranium transfers at a reduced rate of 1,200 MTU per year. Transfers at that rate will begin after May 1, 2017, to provide funds for the cleanup mission at the Portsmouth site – resulting in no workforce reductions or impacts to ongoing work in FY 2017.

DOE has been transferring excess uranium in exchange for services at the Portsmouth site for several years, and current law requires that a new Secretarial Determination be made every two years to assess whether future planned transfers would have an adverse material impact on the domestic uranium industries. The last Secretarial Determination for uranium transfers in support of this clean-up work was issued on May 1, 2015.

Statement from U.S. Secretary of Commerce Wilbur Ross on the GDP Growth in the First Quarter of 2017

U.S. Secretary of Commerce Wilbur Ross issued the following statement today on the release of the real gross domestic product (GDP) quarterly growth by the Department of Commerce. In the first quarter of 2017, the GDP increased 0.7 percent, according to the advance estimate released. Since the first quarter of 2016 the year-over-year increase in real GDP was 1.9 percent. The increase in real GDP reflected increases in business investment, exports, housing investment, and consumer spending.

“We need the President’s tax plan, regulatory relief, trade renegotiations and the unleashing of American energy sector to overcome the dismal economy inherited by the Trump Administration,” said Secretary Ross. “Business and consumer sentiment is strong, but both must be released from the regulatory and tax shackles constraining economic growth.”

The increase in business investment reflected growths in both structures and equipment, notably a significant surge in mining exploration, shafts, and wells. The increase in exports reflected an increase in nondurable industrial supplies and materials.

During the first quarter of 2017, overall mining exploration shafts and wells accounted for 0.54 of the .7 increase in GDP. This was driven by a 449 percent increase in private fixed investment since the fourth quarter of 2016. The percent change from quarter to quarter within this sector is the greatest ever recorded, the next closest occurred in the fourth quarter of 1981, when the percent change was 192 percent. The growth rate for total footage drilled from the fourth quarter of 2016 to the first of 2017 was 533 percent.

Administration action, including approval of the Keystone and Dakota Access pipelines.

Just today, President Trump signed an executive order which will allow the review of the Continental Shelf for offshore oil and gas exploration as well as review the regulations and permitting process for development and seismic research. Currently 94% of these off-shore areas are closed for exploration and production which deprives our country of potentially thousands of jobs and billions in wealth.

Other Administrative accomplishments have begun to loosen the burdensome regulations which have handicapped American businesses. It is estimated that President Trump’s pro-growth actions, including signing into law 13 Congressional Review Acts removing harmful Obama-era regulations, could generate more than $18 billion in annual regulatory savings for businesses, investors, and consumers. American corporations and workers have reaped the rewards of these policies; since President Trump was inaugurated several companies announced additional domestic investments including Charter Communications’ $25 billion investment which would lead to jobs for 20,000 American workers in the next four years, and Exxon Mobil Corporation $20 billion’s investment that would create more than 45,000 jobs.

The increase in consumer spending reflected an escalation in spending on services that was offset by a decrease in motor vehicle purchases. Private inventory investment, federal government spending, and state and local government spending subtracted from growth.

Prices of goods and services purchased by U.S. residents increased 2.6 percent in the first quarter of 2017. Excluding food and energy, prices increased 2.3 percent in the first quarter of 2017.

AICC Celebrates National Small Business Week

This year, the first week of May represents the 54th annual celebration of National Small Business Week, during which communities across the nation come together to celebrate small business. In the state of California, Governor Brown has also proclaimed May to be “Small Business month.”

AICC is teaming with partners and entrepreneurs to participate in a host of events to honor small businesses.  These events include the following:

LA Mayor Eric Garcetti’s Small Business Recognition Ceremony
West Covina National Small Business Week Awards
2017 Small Business Access to Capital and Certification Expo
ICON Business Expo
City of Azusa Small Business Week Event– SOCIAL MEDIA MARKETING WORKSHOP
California Public Utilities Commission Small Business Event
Pacific Coast Regional Small Business Development Center Event: 40th Anniversary Gala Dinner
2017 Small Business Awards

AICC look forward to celebrating the contributions of Los Angeles region’s entrepreneurs!

Announcement: Sonny Perdue Sworn in as 31st U.S. Secretary of Agriculture

Sonny Perdue came by his knowledge of agriculture the old fashioned way: he was born into a farming family in Bonaire, Georgia. From childhood, and through his life in business and elected office, Perdue has experienced the industry from every possible perspective. Uniquely qualified as a former farmer, agribusinessman, veterinarian, state legislator, and governor of Georgia, he became the 31st United States Secretary of Agriculture on April 25, 2017.  

Asia Nuclear Business Platform 2017 (TFC Event)

nbpf 2017

Asia Nuclear Business Platform will be held for the 5th consecutive year in Shanghai from May 16-18, 2017.

The past four editions of the event have seen tremendous support from U.S., Asia and International companies.

According to a recent report from the World Nuclear Association, nuclear power generation between 2014 to 2025 is projected to grow by 1400 GWe, over 120 GWe per year, which will account for 46% of the world’s new capacity. Much of this growth will be in China, Japan, India and Korea. The nuclear share of this to 2020 is expected to be considerable in three of those countries, especially if environmental constraints limit fossil fuel expansion nuclear business transactions.

Connect, interact and network with over 150 industry experts exploring NPP new build in Asia and 50+ international industry experts with a combined 100+ reactor years of experience.

Edward McGinnis, Deputy Asst. Secretary, Office of Nuclear Energy, US Department of Energy has confirmed his attendance.

This year’s show will feature a site visit to the Shanghai Electric manufacturing base, which is the biggest nuclear equipment manufacturing base in China.
There will be multiple sessions tailored to financing and risk management, localisation, human resource development and licensing.

For more information, please visit the event website at [http://www.nuclearbusiness-platform.com/asia/].

Gain Access to Promising Market Opportunities at Trade Winds – Southeast Europe

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When you participate in the Trade Winds Forum and Business Matchmaking program, U.S. Commercial Service Commercial Specialists will help you, through one-on-one meetings, determine the market(s) below that are the best fit for your company.

Southeast Europe Market Opportunties
Below are just a few of the many industry sectors U.S. Commercial Service Commercial Specialists from Southeast Europe have identified as good prospects for U.S. Companies.

Contact U.S. Commercial Service to learn how Trade Winds can connect your firm to potential partners, market-experts, government decision-makers and more!

Romania
Agricultural Machinery and Equipment – Irrigation, infrastructure
Infrastructure Development – Water and waste-water management
Environmental Technologies – Renewable energy
Healthcare & Medical Equipment – New hospitals in Romania
Information Technology & Cybersecurity – Border, airport security

Bulgaria
Energy – Power generation, oil and gas, energy efficiency
Healthcare & Medical Equipment – Pharmaceuticals, telemedicine, eHealth
Safety & Security – Strengthening the EU external border
Infrastructure Development – Development of Sofia & Plovdiv airports, Ruse and Varna ports
Agricultural Machinery and Equipment

Croatia
Energy – On-shore oil & gas exploration
Infrastructure Development – Zagreb/Dubrovnik airports, Rijeka port
Information Technology & Cybersecurity
Safety & Security – Border security upgrade projects
Travel & Tourism – Resort and spa destinations

Greece
Information and Communications Technologies – Rural broadband and e-government projects
Travel and Tourism – Upgrading tourist facilities and infrastructure
Safety and Security – Maritime and border security projects, defense and aerospace
Energy – Development of the Trans Adriatic Pipeline

Serbia
Energy – South stream gas pipeline project
Infrastructure Development – Pan-European Corridor 10 highway and railroad projects
Information Technology & Cybersecurity – Border security, airport security
Healthcare & Medical Equipment – Construction of four major clinical centers

We encourage you to register your interest for Trade Winds 2017 – Southeast Europe to receive free preliminary market assessments at no cost or obligation. Trade Winds sells out quickly, and the limited number of available spots in each of these markets are offered on a first-come, first-served basis.

To learn more about opportunities available at TRADE WINDS – Southeast Europe, Please visit the website at export.gov/tradewinds