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The 2016 Hannover Messe was not only an opportunity to showcase the ingenuity and innovation of American products and services, it was also a chance to demonstrate on an international stage why the United States is the world's most competitive investment destination.
More than 90 state and local economic development organizations (EDOs) were on hand to represent locations across the United States where innovation thrives.
On Sunday, April 24, President Barack Obama and U.S. Secretary of Commerce Penny Pritzker arrived in Germany to kick off the 2016 Hannover Messe, the world’s largest industrial trade fair. For the first time since the fair’s inception in 1947, the United States served as the official partner country.
On Tuesday, April 26, I had the privilege of participating in a professional development webinar with college students from across the country who participate in the Ron Brown Scholar Program. The program was developed in honor of the late Commerce Secretary to encourage civic engagement while promoting academic excellence, community and lifelong interactions between scholars and local and national leaders.
Every single year, more than 30,000 Americans have their lives cut short by guns. Whether it is from suicide, domestic violence, a gang shootout, or an accident, too many Americans have lost loved ones, including too many precious children. Many have had to learn to live with a disability, or help a loved one do what was once effortless.Read More
This week, we celebrated the creativity, ingenuity, and innovation of America's artists, inventors, and innovators who form the backbone of American culture and help drive the strength of our economy.
America's great creators deserve the strongest possible protections of their intellectual property -- so they can continue to make the iconic and innovative creations that help define who we are as a people.Read More
“I’m only here because this country gave me a chance through education. We are here today because we believe that in America, no hardworking young person should be priced out of a higher education. This country has always made a commitment to put a good education within the reach of young people willing to work for it.”
President Barack Obama, June 9, 2014
The economy grew 0.5 percent at an annual rate in the first quarter of 2016, a slower pace than last quarter. Strong growth in residential investment boosted real GDP growth, but weakness in business investment and net exports—exacerbated by weak foreign demand and low oil prices—weighed on growth. Consumer spending grew at a moderate pace in the first quarter. Overall, the most stable and persistent components of output—consumption and fixed investment—rose 2.6 percent over the past four quarters.Read More
Each year, federal student loans help millions of Americans obtain a college education—an investment that, on average, has high returns. The earnings premium from a college education has risen steadily over the past decades, and today the median worker with a bachelor’s degree earns nearly $1 million more over the course of their career than the same type of worker with just a high school diploma, when both work full-time, full-year beginning at age 25. However, these benefits are earned over a lifetime, increasing over time.Read More
Although small businesses still turn to credit unions, community banks, and traditional banks for their capital needs,...Read More
At eight years old, Mari Copeny — known around town as “Little Miss Flint” — wrote to President Obama last month from her home in Flint, Michigan to share how she is working to bring attention to the public health crisis in her community. She also noted that she’s headed the President’s way, and asked if she could meet him during her trip to Washington, D.C.Read More