Commerce Week at a Glance
Monday, February 14, 2011
Commerce Week at a Glance
· Latest News
· Next Week
· Photo of the Week
Secretary Locke successfully completed a high-tech trade mission to India,
making stops in New Dehli, Bangalore and Mumbai. Visit our blog
to view photos, read Locke’s remarks from the Indian Institute of Science speech, and hear
from U.S. businesses that are members of the delegation. Highlights
· Secretary Locke's keynote address
at the Confederation of Indian Industry luncheon in New Dehli on Monday,
where he discussed increasing the kind of mutually beneficial trade that
provides win-win opportunities for both countries.
· The Secretary’s visit
to Hindustan Aeronautics Ltd.’s facilities in Bangalore. There, Locke
spoke about India’s growing aviation industry, which offers U.S. aerospace
companies an estimated $55 billion in export opportunities over the next five
CommerceConnect expanded into Chicago
and Atlanta this week. The one-stop-shop initiative to streamline how businesses
access department resources, CommerceConnect cross-trains DOC employees from its 12 bureaus so that they can connect
firms to the full menu of Commerce programs, as well as federal, state, local
and nonprofit resources.
December Monthly Wholesale Tradewas $371.5 billion, up 0.4% from November 2010
U.S. exports of goods and services in December increased 1.8
percent from November to $163 billion. After dropping 14.6 percent in 2009,
exports grew 16.6 percent in 2010, compared with an average annual rise of 11.2
percent during 2002-2008.
Commerce’s Chief Economist Mark Doms explains how the increase in exports has
supported hundreds of thousands of American jobs
The Commerce Department’s Minority Business Development Agency (MBDA) and U.S. Census Bureau released new data showing that the number of African
American-owned firms in the United States increased by 60.5 percent between
2002 and 2007, to 1.9 million firms.
Data Releases Next Week: January Advance Monthly Retail Sales; December
Manufacturing and Trade: Inventories and Sales; January New Residential
Acting Deputy Secretary Dr. Rebecca Blank will roll out the Commerce
Department’s 2012 budget on Monday in a conference call with reporters.
On Thursday, Secretary Locke travels to Minneapolis, Minn. for the first stop
on the "New Markets, New Jobs
” National Export Initiative Small Business Tour. Locke will be joined by U.S.
Trade Representative Ambassador Ron Kirk, Small Business Administrator Karen
Mills, Export-Import Bank Chairman Fred Hochberg, Minnesota Gov. Mark Dayton
and Minneapolis Mayor R.T. Rybak to kick off the tour, which is intended to
reach in 2011 more than 3,500 small and medium sized companies interested in
exporting. To find out more, please visit http://www.export.gov/newmarketsnewjobs.
Also next week, NTIA
will launch an interactive national map of wireline and wireless
broadband availability. It will show, for the first time, those parts of
the country where people have access to 21st century infrastructure, as well as
the many gaps that need to be covered.
PHOTO OF THE WEEK
joins CEO Alex Lintner of Intuit’s Global Business Division at a
neighborhood grocery store in New Delhi for a "behind-the-scenes” look at the
impact of Intuit’s GoConnect which gives businesses the power to increase visits from existing
customers via personalized, targeted mobile marketing campaigns.
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