Department Of Commerce Purpose Leave a comment


Of the U.S. companies that do export merchandise, 58 percent export to only one market. The International Monetary Fund forecasts that approximately 80 percent of world economic growth over the next five years (2014 – 2018) will take place outside of the United States. Yet many small and medium-sized companies in the US, the engines of economic growth and innovation, rarely export.


In addition, the nation’s strong commitment to environmental protection adds sustainability to U.S. assets. To remain a premier investment destination, the United States must continue to nurture and build upon these strengths that make firms want to invest here. The Department of Commerce’s mission is to create the conditions for economic growth and opportunity for all communities. Through its 13 bureaus, the Department works to drive U.S. economic competitiveness, strengthen domestic industry, and spur the growth of quality jobs in all communities across the country. The Department serves as the voice of business in the Federal Government, and at the same time, the Department touches and serves every American every day. The opening of the TLETA Annex building has enabled the academy to greatly increase its course offerings.

The Department of Commerce is the cabinet department in the U.S. government that deals with business, trade, and commerce to ensure economic vitality. The Department of Commerce is run by the secretary of commerce, a presidential cabinet post confirmed by the Senate. Improving our global weather prediction skill facilitates improvements to our regional, local scale models that provide accurate information about the formation and movement of high impact storms in the right place at the right time. Our goal is to see farther into the future and enable the American public to make the right choices when extreme weather threatens. This objective focuses on the high-priority, cross-cutting initiatives that are critical to mission success.

  • Since then, JUA has established a subsidiary company and expanded its sales throughout East Africa.
  • Led by the Department, SelectUSA, involves multiple Department bureaus, includes other federal agencies, and works alongside U.S. states and localities to advocate aggressively for the United States as a premier destination.
  • /economic-development-finance/value-added-agriculture Value-Added Ag Production agriculture is an important part of the North Dakota economy.
  • The Office of the Federal Register publishes documents on behalf of Federal agencies but does not have any authority over their programs.
  • The Department of Commerce collects, stores, and analyzes a treasure trove of data, including data on the economy, our population, and our environment.

By investing in knowledge transfer mechanisms that are critical to growing new and facilitating innovation, the Department promotes regional and community capacity to generate and take advantage of new ideas about products and processes. The Department, through its programs, expertise, and global presence, is uniquely positioned to help U.S. companies understand the importance of exporting. Department research and analyses can identify the best export opportunities for U.S. goods and services. Moreover, the Secretary of Commerce, as chair of the Trade Promotion Coordinating Committee, will lead the national export strategy, set priorities, and drive federal efforts to increase exports.


For example, the Aviation Administration will have more time to make critical decisions regarding rerouting or grounding of planes. Federal Emergency Management Agency will have more time to coordinate evacuation planning and contingency plans supporting Federal, State, and local efforts. Likewise, businesses will have more time to make better decisions necessary to protect their employees and customers and lessen potential economic impacts. Ultimately, this leads to lives saved, property protected and reduction in negative weather impacts to the economy. To survive and flourish, businesses must be able to adapt to the changing environment by balancing environmental, social, and economic concerns.

public safety

BEA’s economic statistics, which provide a comprehensive, up-to-date picture of the U.S. economy, are key ingredients in critical decisions affecting monetary policy, tax and budget projections, and business investment plans. The cornerstone of BEA’s statistics is the national income and product accounts , which feature the estimates of gross domestic product and related measures. Statutorily required to serve as staff for the P.O.S. T. Commission, the Tennessee Law Enforcement Training Academy assists the Commission in maintaining information and files on all of the certified laws enforcement officers in Tennessee. A Weather-Ready Nation is about building community preparedness in the face of increasing vulnerability to extreme weather and water events.

Britannica is the ultimate student resource for key school subjects like history, government, literature, and more. Treasury is the government department responsible for issuing all Treasury bonds, notes, and bills. The Department of Commerce was originally part of the Department of Commerce and Labor, which was established on Feb. 14, 1903, by President Theodore Roosevelt. It became a standalone department when a separate Department of Labor was established on March 4, 1913, by President Howard Taft on his last day in office. Additionally, the patent quality composite score will be improved from 72.4 percent to 100 percent of the FY 2015 target. An Agency Priority Goal is a near-term result or achievement that agency leadership wants to accomplish within approximately 24 months that relies predominantly on agency implementation as opposed to budget or legislative accomplishments.

Treasury Coupon-Issue and Corporate Bond Yield Curve

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate.

Why the US Coast Guard is ramping up deployments to the Western Pacific – Task & Purpose

Why the US Coast Guard is ramping up deployments to the Western Pacific.

Posted: Tue, 28 Feb 2023 18:11:02 GMT [source]

Tennessee was the third state in the nation to fully deploy the equipment and technology needed to automatically locate 911 calls from properly equipped cellphones and has received national recognition for its leadership in 911 related matters. Consumer Insurance Services Section – This office provides consumer outreach and mediation services to consumers to help resolve insurance-related disputes. In addition, a fraud and special investigations unit investigates and recommends actions against violators of Tennessee insurance statutes. The educational programs cover a vast array of insurance and insurance related issues, disaster assistance and referrals to special programs. The North Dakota Department of Transportation reviews applications for certification under the U.S. Department of Transportation’s Disadvantaged Business Enterprise program as found in 49 Code of Federal Regulations Part 26.

SCAP – Lemon Law

The mission of the Bureau of Industry and Security is to advance U.S. national security, foreign policy, and economic objectives by ensuring an effective export control and treaty compliance system and promoting continued U.S. strategic technology leadership. Foreign direct investment in the United States contributes significantly to U.S. economic growth and prosperity. In 2011, value added by majority-owned U.S. affiliates of foreign companies accounted for 4.7 percent of total U.S. private output. These firms employed 5.6 million people in the United States, or 4.1 percent of private-sector employment.

intellectual property

Refining how the information is shared and ultimately used will make the U.S. that much more weather ready. The Department plays a central role in providing the foundation critical to the growth of high-value, innovative economic sectors. NIST’s measurement science expertise creates the infrastructure necessary to measure the performance and quality of products and services. USPTO programs enable innovators to accelerate the movement of new products and technologies to the marketplace.

Determination of Regulatory Review Period for Purposes of Patent Extension; VYZULTA

You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. The Department of Commerce is a department of the United States government dedicated to promoting economic growth. Improve government, business, and community decisions and knowledge by transforming Department data capabilities and supporting a data-enabled economy. Efforts to enhance U.S. commercial competitiveness and maximize potential U.S. exports can be thwarted by unfair and injurious practices of foreign firms and their governments. Only with a level playing field can U.S. companies strengthen and develop the capacity to expand into new markets or maintain market share at home and abroad. By providing data that supports marine commerce, sustainable use of ocean resources, and accurate weather and climate forecasting, the National Oceanic and Atmospheric Administration’s supports sustainable communities and economies.


Broker-Dealer, Agent, Investment Adviser Registration – This section registers broker-dealers , registered representatives, agents , and investment advisers to do business in the state and receives notice filings for federally-registered investment advisers. There are over 1,700 broker-dealers, 600 investment advisers, and 90,000 agents registered through this section. /economic-development-finance/value-added-agriculture Value-Added Ag Production agriculture is an important part of the North Dakota economy. This marks the first full calendar year since President Biden signed into law the Minority Business Development Act on November 15, 2021. It continues to be the honor of my lifetime to serve at the helm of MBDA during this exciting new chapter in the Agency’s 53-year history. Performing cutting-edge telecommunications research and engineering with both Federal government and private sector partners.

North Dakota also has many other agencies that assist business in helping to grow their success. Review the information below to learn more about resources that may be available to your company. The council is charged with facilitating collaboration among governments and the private and nonprofit sectors in the planning and implementation of programs and policies that have an impact on rural areas of the state. Members also monitor, report and comment on policies and programs aimed at addressing the needs of rural areas of North Dakota.

Comments or questions about document content can not be answered by OFR staff. The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.

Government Web site provides the latest information on plans for NAICS revisions, as well as access to various NAICS reference files and tools. Additional information on the background and development of NAICS is available in the Historysection of this Web site. An website belongs to an official government organization in the State of Ohio. The U.S. Commercial Service’s staff is dedicated to helping you succeed in global markets. Check out our client success stories to see how we have helped facilitate more than $100 billion in U.S. exports.

Click here for more information on stakeholder engagement during development. Hoover envisioned the Commerce Department as the hub of the nation’s growth and stability. Contemporaries described Hoover’s approach as a “third alternative” between “unrestrained capitalism” and socialism, which was becoming increasingly popular in Europe.

The Dakota Manufacturing Extension Partnership provides technical, educational and management assistance to small and midsized manufacturers located in North Dakota as well as South Dakota. The North Dakota Rural Development Council is North Dakota’s chapter of the National Rural Development Partnership Program, uniting the state’s private and nonprofit sectors with state, federal, local and tribal governments to strengthen rural America. Commerce and its partners work hard to assist existing business through many of the same programs used to attract new businesses. The Manufacturing Extension Partnership, for instance, assists manufacturers to help them become more competitive, and other programs and incentives are available to assist in efforts to expand or continue operations.

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