The administration establishes a center for research and a public-private development consortium. President Biden’s administration has announced a $5 billion investment into domestic semiconductor research and development (R&D),…
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SelectUSA Fostered $200 Billion in Foreign Investments
Commerce Department reports a milestone in the program’s 11 years. The Department of Commerce announced that their program SelectUSA reached $200 billion in certified foreign direct investments into…
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Commerce Department Announces Domestic Chip Production Grants
$62 million in funding to support U.S. chip factories. The U.S. Department of Commerce announced a second tranche this week from the Chips and Science Act of 2022…
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Commerce Department Launching Semiconductor Supply Chain Survey
The department will assess the current state of domestic production to develop support methods. The Department of Commerce announced that it is launching a new survey this month…
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Commerce Department Reports Outdoor Recreation Revenue
Record highs within the sector show a bounce-back after the COVID-19 pandemic. The outdoor recreation industry generated $1 trillion in gross domestic product (GDP) for America’s economy in…
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U.S. Hosts 2023 Indo-Pacific Economic Meeting
Leaders will review the developmental progress of the IPEF trade agreement in San Francisco. The Department of Commerce announced that the United States will be hosting the third…
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Digital Trade Discussions Suspended Ahead of Indo-Pacific Meeting
U.S. Trade Representative Tai makes room for more permanent Congressional action. President Biden’s administration suspended digital trade negotiations that would have taken place at the Indo-Pacific Economic Framework…
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Commerce Department Establishes 31 National Tech Hubs
Administration rolls out the first phase of the new technological development program. President Joe Biden and Secretary of Commerce Gina Raimondo announced the locations selected for the first…
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Labor Department Supports Recovery from Hurricane Ian
$7.5 million awarded to workforce training and temporary employment, expands dislocated worker programs. The U.S. Department of Labor has announced the awarding of $7.5 million for disaster-relief employment…
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Commerce Department Releases Final Policies for CHIPS and Science Act
The commerce secretary announces the guardrails prohibit foreign investments for ten years as well as foreign joint research. The Department of Commerce has released its final rule for…
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