Commerce Department grantees provide updates on projects to promote innovation and commercialization in regions of Ore., Ohio, Pa., Fla. and Ga.

To highlight the economic impact of Obama administration investments to promote American Innovation and accelerate the commercialization of research to the marketplace, the U.S. Commerce Department’s Economic Development Administration (EDA) hosted the first 21st Century Economic Capitol Hill Briefing on the new COMPETES law on January 19, 2012.

Awardees of the Office of Innovation and Entrepreneurship’s (OIE) i6 Challenge came to Washington D.C. to brief Congress on how federal funds are promoting regional economic and job growth. OIE, which was authorized under the America COMPETES Reauthorization Act of 2010, supports efforts to foster innovation ecosystems and the commercialization of new technologies, products, processes, and services.

Close to 60 Congressional staffers gathered at the Capitol Visitors Center in Washington, D.C., to hear first-hand from four i6 Challenge awardees: David Kenney and Dr. Patricia Beckman of the Oregon Built Environment and Sustainable Technologies Center of Portland, Oregon; Dr. Thomas O’Neal and Wayne Hodges of the Global Center for Medical Innovation of Atlanta, Georgia; Dr. Art Boni of Carnegie Mellon University of Pittsburgh, Pennsylvania; and Dr. Wayne Watkins of the University of Akron Research Foundation of Akron, Ohio.

As our economy continues to recover from the worst recession in memory, families in communities across America remain focused on what else can be done to spur job creation. Today was an important day for them.

This afternoon, President Obama announced a task force to develop a National Travel & Tourism Strategy, which will be co-chaired by Secretary Bryson, and he signed a corresponding Executive Order that will make it easier for international visitors to travel to America. That’s important because those visitors help create jobs by spending money in our stores, eating in our restaurants and visiting U.S. tourist destinations that are famous all around the world.

Following this announcement, Secretary Bryson met with and conducted a swearing-in ceremony for 32 newly appointed members of the U.S. Travel and Tourism Advisory Board, an advisory body of industry executives that provides vital input on government policies and programs affecting the travel and tourism industry.

Cross post to the White House Blog

Today, President Obama convened a meeting of the Council on Jobs and Competitiveness, a group of 27 leaders from business, labor and academia tasked with providing the President advice on strengthening our nation’s economy.

Since its first meeting about a year ago, the Council has put forward a host of recommendations that foster growth, competitiveness, innovation, and job creation, both now and for the future. Of the 35 specific recommendations the Council has made that don’t require legislative action, President Obama has taken action on 33 of them and his administration has already implemented 16.

Some of the implemented recommendations include proposing new tax rules that encourage businesses to invest and create jobs in the United States instead of overseas, expediting job-creating infrastructure projects across the country, eliminating inefficient and burdensome federal regulations, and streamlining government.

At today’s meeting, President Obama praised the Jobs Council for the work they are doing to help our country move forward.

"I recognize a lot of these issues are difficult. They’ve proven challenging for decades. The good news is on each of these fronts we’ve made progress this year. I feel confident in being able to say that every one of the agencies in this government has been focused on how do they improve, get smarter, get better, get faster, become more focused on delivering good value to the end user. And I believe that we’ve made genuine progress on all these fronts. We would not have made this progress without this Jobs Council."

The Jobs Council released a new report in advance of today's meeting that details recommendations to improve our nation's long-term competitiveness by investing in our education system, building on our strengths in manufacturing and energy, and reforming our regulatory and corporate tax systems. Read the full report here.

Guest blog post by John Bryson, Secretary of Commerce. Cross-posted at Chamber Post.

Today, the President announced his plan to ask Congress for the authority to reorganize and consolidate the government so we can provide more effective, efficient services to the American people.  He wants this authority, which Presidents had until it lapsed in 1984, so that we can modernize our structure to better compete in the global economy and maximize services for the American people.  And the first priority would be to strengthen the ways that American businesses – large and small – can work with the government to compete, export, and grow.

There is not a federal agency that can't be better or smarter in accomplishing its mission.  That's why this consolidation authority is so critical.  Many of the structures in place right now are outmoded and outdated. 

More specifically, today the President also announced that he would use such authority to organize all of the business and trade related functions into a new department, including many functions of the Commerce Department.

Currently, there are six major departments and agencies that focus primarily on business and trade in the federal government, including: U.S. Department of Commerce’s core business and trade functions, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the Trade and Development Agency.

Consolidating these agencies will create one new Department with one mission: to spur job creation and expand the U.S. economy.