CHIPS and Science Act allots $50 billion. On Monday, President Biden’s administration unveiled its plan for boosting domestic chip production in the U.S. through the $50 billion in…
Read MoreDepartment of Commerce
First Lady Kicks Off Apprenticeship Ambassador Program
Secretaries Raimondo and Walsh join the commencement. Secretary of Labor Marty Walsh and Secretary of Commerce Gina Raimondo joined First Lady Jill Biden at the White House last…
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President Announces $1 Billion in Regional Economic Development
Twenty-four states will receive assistance under the American Rescue Plan. President Joe Biden and Commerce Secretary Gina Raimondo held a virtual event Friday with winners of grant money…
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U.S. to Host Indo-Pacific Economic Framework Ministerial
This will be the first in-person meeting to deepen economic ties in the region. U.S. Secretary of Commerce Gina Raimondo and U.S. Trade Representative Katherine Tai will be co-hosting…
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Housing Starts Drop Nearly 10 Percent
New construction is at the lowest level since June 2020. The Commerce Department reported the number of housing starts decreased sharply in July. Measured on an annualized rate,…
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Commerce Secretary Commends the CHIPS and Science Act
She is encouraged by the renewed focus on domestic manufacturing After President Biden signed the CHIPS and Science Act of 2022 into law on Tuesday, Secretary of Commerce…
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Administration Seeks to Redefine Recession
Senator Wicker says that changing the definition doesn’t change the pain. On Thursday, the U.S. Department of Commerce will release its second-quarter gross domestic product (GDP) reading, a…
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Secretaries Blinken and Raimondo Co-Host Supply Chain Forum
17 countries joined the United States in discussions. Last week, Secretary of State Antony Blinken and Secretary of Commerce Gina Raimondo co-hosted a two-day supply chain forum with…
Read MoreSecretary Raimondo Appoints Business in Africa Council
24 members to serve a two-year term as advisors. Last week, the Department of Commerce announced that Secretary Gina Raimondo has appointed 24 members to the President’s Advisory…
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Governors, Mayors Urge Congress to Pass Chip Legislation
Bipartisan state and local politicians are concerned about retaining domestic manufacturing. Semiconductor manufacturing legislation is expected to come before Congress for a vote this week. Several state governors…
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