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Secretary Pritzker Addresses Importance of Data to the Digital Economy and Announces Major Growth in Data Jobs Over Last Decade

Secretary Pritzker Addresses Importance of Data to the Digital Economy and Announces Major Growth in Data Jobs Over Last Decade

U.S. Secretary of Commerce Penny Pritzker today participated in three separate events at the 2015 South by Southwest (SXSW) festival in Austin, Texas underscoring the importance of entrepreneurs and small businesses to the economy. During her SXSW events, Secretary Pritzker highlighted how the U.S. Commerce Department invests in innovation, supports the digital economy and is helping provide American businesses and entrepreneurs with the tools they need to grow and hire.

Secretary Pritzker began the day by participating in a roundtable with business incubators, tenant startups and other startup stakeholders at the headquarters of RideScout, a smartphone app created to increase transportation efficiency. During the roundtable she listened to local business leaders and startups describe what the future of business incubation will look like, and the kind of investments and support they will need to successfully spin-out new companies. She was joined at the roundtable by the Department’s newly hired, first-ever Chief Data Officer Ian Kalin. Secretary Pritzker appointed Kalin to this role to help unleash more of the Commerce Department’s data to strengthen the nation’s economic growth. The new Chief Data Officer will work to make Commerce data easier to access, understand, and use, while also ensuring we maximize the return of data investments for businesses, entrepreneurs, government, taxpayers, and communities.

Following the roundtable, Secretary Pritzker participated in an armchair discussion entitled “Move Fast, Government, or Get Out the Way.” Before beginning the discussion Secretary Pritzker took a few moments to swear in Michelle K. Lee, as the new Director of the United States Patent and Trademark Office. Lee is the first woman to hold this position in the more than 200 year history of the U.S. Patent and Trademark Office. After the swearing in ceremony, Secretary Pritzker participated in the armchair discussion with DailyMail.com CEO John Steinberg. They discussed the importance of data to the U.S. economy and Secretary Pritzker also used the opportunity to announce the findings of a new Commerce Department report highlighting the importance of data jobs to the U.S. economy and the huge growth in these high-paying jobs over the past decade.  During the event, she also stressed the importance of re-tooling the patent system to adapt to the rate and pace of technology and fuel, not slow, innovation. 

North Carolina Attracts FDI in Manufacturing and Textiles

Under Secretary Stefan Selig (seond from left) participates in a ribbon cutting ceremony with North Carolina Governor Pat McCrory (left) PEDS Legwear President and CEO Michael Penner and Walmart Vice President of U.S. Manufacturing Cindi Marsiglio

Cross blog post by Stefan M. Selig, Under Secretary of Commerce for International Trade

On Wednesday afternoon, I delivered remarks in Hilderbran, North Carolina at a ribbon-cutting ceremony where we officially opened the new Canadian-based Peds® Legwear (PEDS) production facility. PEDS’ recent $16 million investment in the plant and new machinery has allowed the company to hire North Carolina factory workers who were previously laid off. By 2018, this new facility will bring more than 200 jobs to Hildebran, providing a lift to the local economy.

SelectUSA, our program to attract foreign direct investment (FDI), along with our Commercial Service Canada team, helped facilitate this deal. SelectUSA provided counseling to PEDS on how to navigate the federal regulatory process and also helped identify sources of federal funding. In addition to PEDS’ investment in the Hildebran facility, the company plans an additional $8 million venture, bringing their total investment in the United States to $24 million. In less than two weeks, similar FDI deals will be highlighted at this year’sSelectUSA Investment Summit, which will take place March 23-24.

In addition to ITA’s support, PEDS’ new investment is made possible because of a multi-year purchase order contract from Wal-Mart as part of the retailer’s commitment to buy domestically produced goods.

As I noted in my remarks—before an audience that included Michael Penner, president and CEO of Peds®Legwear; Cindi Marsiglio, Wal-Mart’s vice president of U.S. manufacturing; and North Carolina Governor Pat McCrory—PEDS’ investment in the facility shows our nation’s prowess to attract FDI.

Because the United States offers a transparent, fair, and stable business climate, as well as our second-to-none workforce, many global companies like PEDS are beginning to establish or expand operations here. In fact, in 2013, U.S. FDI inflows totaled $231 billion, of which $51 million was invested in U.S. textile and apparel manufacturing. In 2012, majority-owned U.S. affiliates of foreign firms accounted for $48 billion in R&D expenditures, exported $334 billion worth of U.S. goods exports, and employed nearly 6 million workers.

To keep the momentum, ITA will continue to develop opportunities for U.S. workers and businesses by promoting international trade, encouraging FDI, and working to foster a level playing field for American products and services.

U.S. Census Bureau Releases Key Statistics in Honor of Women's History Month

U.S. Census Bureau Releases Key Statistics in Honor of Women's History Month

National Women’s History Month’s roots go back to March 8, 1857, when women from New York City factories staged a protest over working conditions. International Women’s Day was first observed in 1909, but it wasn’t until 1981 that Congress established National Women’s History Week to be commemorated the second week of March. In 1987, Congress expanded the week to a month. Every year since, Congress has passed a resolution for Women’s History Month, and the President has issued a proclamation. Following are a few key statistics on women in the United States and the role they play in our labor force and economy.

161 million 

The number of females in the U.S. as of December 2013. The number of males was 156.1 million. 

75.1 million

The number of females 16 and older who participated in the civilian labor force in 2013. Women comprised 47.4 percent of the civilian labor force in 2013.

63% 

Percentage of social scientists who were women, the heaviest representation of women among all STEM (science, technology, engineering and math) fields. Among other STEM fields, approximately 14 percent of engineers, 45 percent of mathematicians and statisticians and 47 percent of life scientists were women.

$39,157

The median annual earnings of women 15 or older who worked year-round, full time in 2013. In comparison, the median annual earnings of men were $50,033.

1.6 million

Number of women veterans in the United States in 2013.

For more interesting statistics on women in the United States, please go to the latest issue of the U.S. Census Bureau's Facts for Features

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