Syndicate content

Blog Entries from 2012

Women in the Financial Sector: A White House Forum on Economic Growth

Submitted on July 17, 2012 - 3:00pm
Categories:
Acting Secretary Blank Presenting to the Women in the Financial Sector: A White House Forum on Economic Growth

Guest blog post by Acting Commerce Secretary Rebecca Blank

This morning I spoke with around 100 women from across the U.S. financial services industry at the White House. The forum included business executives as well as stewards of institutional funds.

I’m an economist by training and I’ve studied the role that women play in the workforce. When it comes to decision-making, in the boardroom or anywhere else, the best decisions get made when there is more diversity of perspectives and opinions at the table. So it was great to hear from these leaders.

We talked about the U.S. economy and some of the challenges we face, and I highlighted some of the things that President Obama is pushing for to help strengthen our economy, build on our global competitiveness, and create even more jobs.

Already, GDP has grown for 11 straight quarters and more than 4.4 million private sector jobs have been created over the past 28 months. That’s good news, but clearly we must do more.

For example, we need to expand support for states and localities to hire more teachers, police, and firefighters. We need to expand infrastructure investment, and put unemployed construction workers back to work. We need to reward firms that insource—bringing jobs back to America—and eliminate tax benefits for companies that outsource. And we need to extend tax cuts for middle class families.

In addition, everyone agreed that Americans should be as concerned, perhaps even more concerned, with long-term investments that assure long-term American competitiveness. For example, the president has called on Congress to support more research and development as well as tech transfer in America’s top universities and labs along with investments that will help to increase the skills of the U.S. workforce, provide greater access to higher education and enhance our nation’s educational infrastructure.

read more

Acting Secretary Blank Delivers Remarks at BIS Update Conference on Export Controls and Policy

Submitted on July 17, 2012 - 1:45pm
Categories:
Acting Secretary Blank gestures from the dais

On Tuesday, Acting Commerce Secretary Rebecca Blank delivered the keynote address at the Conference on Export Controls Policy, hosted by the Commerce Department’s Bureau of Industry and Security. This annual conference is the U.S. Government’s major export control outreach and education event of the year.

In her remarks, Dr. Blank highlighted progress on President Obama’s Export Control Reform Initiative and the National Export Initiative, saying that success in both areas is important for strengthening the American economy and creating more jobs, which are the president’s top priorities.  

Blank emphasized that the United States must have a strong, effective export control system through the powerful partnership between federal agencies like BIS and American companies that sell cutting-edge products, calling such a system “a national security imperative.”

The last major changes to export control regulations took place over 15 years ago, and those changes were more organizational than substantive. Through the President’s Export Control Reform (ECR) initiative, this is changing.

This initiative has at its core a continued commitment to national security, to prevent key goods and technologies from falling into the wrong hands, Acting Secretary Blank said. The proposed changes over controls on less-significant military items do not mean that key items will be “de-controlled.”  In fact, the departments of Commerce, Justice and Homeland Security will continue to aggressively investigate and prosecute illegal exports to countries and end users of concern.

Acting Secretary Blank noted that these export control reforms will not only enhance national security by focusing resources on the greatest threats, but will also generate other benefits, including increased U.S. interoperability with allies, reduced incentives for foreign companies to avoid American-made parts that in turn will strengthen the American defense industrial base, and, importantly, reduce unnecessary regulatory burdens, expenses and red tape on American exporters.

Driving Broadband Adoption in the Latino Community

Submitted on July 16, 2012 - 10:34am
Categories:
Anna Gomez (left), Deputy Assistant Secretary for Communications and Information and Deputy Administrator, at the recent NALEO conference.

Cross-posted from NTIA blog by Anna M. Gomez, Deputy Assistant Secretary for Communications and Information

I recently had the opportunity to speak to the National Association of Latino Elected and Appointed Officials (NALEO) and the League of United Latin American Citizens (LULAC) about NTIA’s Broadband Technology Opportunities Program (BTOP) and the work it is doing to promote broadband adoption in the Latino community.

A high-speed Internet connection can provide access to everything from online job postings to educational opportunities to valuable healthcare information. But too many Latino households remain cut off from these important benefits.

NTIA, in collaboration with the Census Bureau, conducts some of the most extensive survey work on broadband adoption trends in the U.S. Our most recent survey, in October of 2010, found that 72 percent of White households nationwide subscribed to broadband, compared with only 57 percent of Hispanic households. The survey also found that socioeconomic factors such as income and education do not fully explain the gap. Even after accounting for these factors through regression analysis, Hispanic households still lag White households in broadband adoption by 11 percentage points on a nationwide basis.

read more

Department of Commerce Conducting Time and Travel Survey

Submitted on July 16, 2012 - 9:00am

Recently, you may have received a letter from the Department of Commerce with a set of questions called the Time and Travel Survey. This important survey is part of a larger study of how people spend their time and their business and leisure travel.

We are now conducting the first stage of this scientific study. For the results to be most useful, we are asking all households who receive this short questionnaire to complete it and send it back. Your input is important because the Department of Commerce will use it to assist a number of state and federal agencies in making decisions about how to manage resources. Your answers are voluntary and will be kept confidential to the fullest extent of the law. Your answers will be used for statistical purposes only in accordance with the Privacy Act of 1974.

We may select someone from your household to ask them some additional questions. Thank you again for your help in this important study.

Acting Secretary Blank Cuts Ribbon to Open U.S. Patent and Trademark Office in Detroit, Michigan

Submitted on July 13, 2012 - 5:00pm
Categories:
Acting Secretary Rebecca Blank cuts the steel ribbon, officially opening the Elijah J. McCoy USPTO Satellite Office

Acting Secretary Blank wrapped up her 3-day Innovation Tour with a stop in Detroit, Michigan today to participate in a ribbon-cutting ceremony to officially launch the Elijah J. McCoy USPTO Satellite Office. She was joined by USPTO Director Kappos, Detroit Mayor Dave Bing, U.S. Senators Carl Levin and Debbie Stabenow, U.S. Representatives John Dingell, John Conyers, Jr., Gary Peters, and Hansen Clarke, and local businesses and entrepreneurs.

During the ceremony, Acting Secretary Blank swore in the office’s first seven USPTO Board Judges who will review patents and help speed up the patent process. The Detroit USPTO satellite office will create approximately 120 highly-skilled jobs in its first year of operations.

In her remarks, Blank said:

And now, today, with this new office, we’re making another critical investment in the future of Detroit, the state of Michigan, and the U.S. as a whole.

With the help of the McCoy office, we’re creating a stronger, more efficient patent system. That’s important because patents are the fuel for innovation.

Patents protect the intellectual property of Americans who have game-changing ideas. Patents help put those ideas to work in our economy. And patents help us out-compete the rest of the world.

We’ve already made great progress in improving our patent system. Even though patent filings grew five percent last year, we were able to actually reduce the patent backlog by 10 percent.

The McCoy office will help us continue to expand our patent system’s capacity and productivity.

Blank noted that the new office is just a beginning. An innovation-driven economy demands more support of R&D, help for universities like Michigan, Michigan State and Wayne State to push their research discoveries into the marketplace, and to ensure young people can succeed in science, technology, engineering and math—the STEM fields.

Blank reiterated the President's call that we must stop rewarding businesses that ship jobs overseas and start helping those that are trying to keep jobs here or bring them back. Citizens and government must use all of the tools at their disposal to ensure that America will continue to drive innovation and be a magnet for good jobs for the middle class. The ability to innovate and compete as a nation will determine what kind of economy—and what kind of country—is passed along to the next generation.

International Visitors to the U.S. Spent Record $13.9 billion in May, Helping Support U.S. Jobs

Submitted on July 13, 2012 - 3:30pm
Categories:
Report cover: National Travel and Tourism Strategy

Guest blog post by Acting Commerce Secretary Rebecca Blank
 
Tourism is America’s number one service export, and today we have even more evidence that America is indeed open for business. New data released by the U.S. Commerce Department today shows that international visitors spent nearly $14 billion on travel to, and tourism-related activities within, the United States in May—$1 billion more than was spent in May 2011—marking 29 straight months of growth.
 
This data also means that the U.S. is on pace for a record-setting year, with international visitors having spent over $68 billion so far – up 12 percent compared to last year.
 
The facts are clear: tourism is a high-growth bright spot in our economy. We must continue to build on this momentum by making sure that America is travel-friendly to international visitors, thereby helping our businesses create even more jobs.
 
Fortunately, there are many dedicated people working to increase travel and tourism. This morning, I had the chance to talk with a few of them at a meeting of the Travel and Tourism Advisory Board in Dearborn, Mich., where I joined federal agency partners, as well as U.S. Representative John Dingell (D-MI), to discuss the Obama administration’s ongoing efforts to increase travel and tourism to the United States. During the board meeting, we discussed implementation of the recently released National Travel and Tourism Strategy (PDF), a blueprint for the federal government to welcome 100 million international visitors each year by the end of 2021. These visitors would spend an estimated $250 billion per year, supporting even more jobs and spurring economic growth in communities across the country.

read more

Innovation and the Economy

Submitted on July 13, 2012 - 11:00am
Categories:
AlPatrick Kennedy, Founder and CEO of OSIsoft LLC.

Guest blog post by Patrick Kennedy, Founder and CEO of OSIsoft LLC.

ED Note:OSIsoft LLC produces the PI System, the world leading product for managing and monitoring real time information supporting quality, energy management, safety and other productivity applications. It is an 850 person software company that builds industrial software for monitoring manufacturing and one of the winners of the President’s E-Awards in 2012. OSIsoft LLC was founded in 1980 and has grown to operate in 110 countries and, in the last five years, exported over $0.5 Billion in software.

Manufacturing must be a part of a healthy economy in the US because it not only creates a lot of value add, but is nearly the only route that puts everyone to work, not just computer scientists. How do we do this?  As Dr. Michael Porter of Harvard noted, innovation -> jobs and productivity -> higher wages and the strength of the US for both of these is software.  Most new manufactured goods that are candidates for production in the US are software based (e.g. electric cars, grid storage systems, virtual power plants, photography, animation, health care instrumentations, real time tracking) and the addition of a Patent and Trademark office to Silicon Valley represents a boost to this idea.  Patents not only protect Intellectual Property they convert it to a product that you can sell worldwide to support the economy.

I am a personal believer in this, plus I believe that we have to help ourselves, not just wait for the next program. This is a private-public partnership. I am personally pulling a 12-mile loop of fiber optic cable around my city, San Leandro, to allow it to participate in software based manufacturing in the age of Big Data and rapidly changing software infrastructure (see www.litsanlenadro.com), but will be using some of the Economic Development Grant programs to extend this deeper into the community.  Providing up to 10 Gbps pipes to business is a strong advantage to people that want to envision and experience the next generation software. The Silicon Valley already receives 1 of every 10 patents granted in the US and with our enhanced broadband, wireless, software talent and strong financial community, we will host the innovation required to re-enter manufacturing of next generation product in healthcare, energy conservation, mobility and transportation. The SF Bay Area is the heart of the software industry in the world and we want to leverage this for job creation.

Acting Secretary Blank Travels to Denver to Highlight Innovation and Newly-Announced Patent and Trademark Office

Submitted on July 12, 2012 - 4:15pm
Categories:
Blank was joined by Mayor Mayor Hancock and University of Colorado-Denver Chancellor Donald Don M. Elliman

Acting U.S. Commerce Secretary Rebecca Blank was in Denver, Colo. today to discuss ways to support innovation and create jobs, particularly through the protection of intellectual property. In the morning, Blank attended a breakfast hosted by the Colorado Innovation Network, where she spoke with local business leaders. She listened to their ideas and suggestions for how Commerce can better support them in their efforts to create jobs by encouraging innovation.

Later this morning, the Acting Secretary delivered remarks and participated in a panel discussion on the key role that the patent system plays in strengthening the local economy and driving U.S. competitiveness at the University of Colorado-Denver Anschutz Medical Campus. Also joining the panel were: Denver Mayor Michael Hancock; Under Secretary of Commerce for Intellectual Property and Director of the U.S. Patent and Trademark Office (USPTO) David Kappos; University of Colorado-Denver Chancellor Donald Don M. Elliman Jr.; Robb Walt, co-founder of the Community Power Corporation; and Ali Ansary, co-founder of SeventyK. During the discussion, Blank noted some of the ways the Department of Commerce is supporting and fostering American innovation.

read more

Acting Secretary Blank Begins 3-Day Innovation Tour with Stop in Silicon Valley to Discuss Newly Announced Patent and Trademark Office

Submitted on July 11, 2012 - 8:00pm
Categories:
Acting Secretary Blank Begins 3-Day Innovation Tour with Stop in Silicon Valley

Acting U.S. Commerce Secretary Rebecca Blank delivered remarks to a full house and participated in a panel discussion at San Jose State University on driving U.S. innovation to create jobs. The panel was moderated by Carl Guardino, President and CEO of the Silicon Valley Leadership Group. Blank was joined by Dr. Pat Kennedy, CEO of OSISoft, Eric Kelly, President and CEO of Overland Storage  and Dr. Mohammad Qayoumi, President of San Jose State University. During the discussion, Blank noted some of the 22 ways the Department of Commerce is supporting and fostering American innovation.

In her opening remarks, Blank noted:

This past winter, our [US Patent and Trademark] Alexandria office had a special exhibit on the ground floor – 30 giant iPhones lined up side-by-side.  Each one featured one of the many patents that Steve Jobs received. As Steve said, “The ones who are crazy enough to think that they can change the world are the ones who do.”

Today, those entrepreneurs, those innovators, and those dreamers – all of you – are the reason I’m so proud to say that the Commerce Department will soon put one of its first four satellite patent offices right here in Silicon Valley.

Today, thousands of inventors here and across the country continue to help lay the foundation for America’s long-term growth and leadership.  The entrepreneurial spirit continues to thrive here in Silicon Valley. With your help, we have seen 28 straight months of private sector job growth – totaling 4.4 million jobs.  

The U.S. Patent and Trademark Office (USPTO) plans to open a satellite office in the Silicon Valley area in an effort to help local businesses and entrepreneurs innovate quicker and grow faster. Acting Secretary Blank cited a recent Commerce Department report showed that industries that rely heavily on intellectual property protection support at least 40 million jobs – and about one-third of our GDP. That report showed that these jobs pay about 42 percent more than others. So a better patent system means good jobs and stronger economic security for millions of middle class families. 

After the panel discussion, Acting Secretary Blank attended a lunch at TechShop. TechShop is a membership-based workshop that provides members with access to tools and equipment, instruction, and a community of creative and supportive people so they can build the things they have always wanted to make. Blank spoke with local business leaders to discuss entrepreneurship, innovation and how the new patent satellite office could help to support job creation. She heard ideas about how the satellite office will meet local business needs, how the office will work with regional economic development groups focused on job creation, and whether their might be in interest tailoring the patent office’s services to meet the needs of startups, incubators and accelerators.

Blank will fly to Denver – another newly announced patent office location – and host another series of conversations with local businesses and officials about improving and continuing American innovation tomorrow.

22 Ways the Department Of Commerce Is Supporting and Fostering American Innovation

Submitted on July 11, 2012 - 12:30pm
Categories:
RIANO logo

In an increasingly competitive world, the United States must invest in its best scientists, researchers and entrepreneurs so that they innovate here, make things here, and create good paying, high quality jobs for middle class families. The Department of Commerce and its bureaus are supporting and fostering innovation at all stages of product development, from original research through to final manufactured goods.

Commerce’s Economic Development Agency has launched two grant challenges, the i6 Challenge and the Advanced Manufacturing Jobs and Innovation Accelerator, to move ideas from the lab and shop floor to the marketplace at an accelerated rate. Supporting this work is the Regional Innovation Acceleration Network, a web-based tool to help economic development professionals promote entrepreneurship, business development, and technology commercialization in their region.

In April 2010, the Commerce Department launched the Internet Policy Task Force to ensure that the Internet remains open for innovation. In doing so, it has produced the Consumer Privacy Bill of Rights, made important steps forward for a National Strategy for Trusted Identities in Cyberspace, started a conversation about privacy concerns within mobile apps, and worked to combat Botnets that threaten internet security. To ensure continued Internet security, Commerce has opened a Cybersecurity Center of Excellence.

read more