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June 2016

Exploring the Landscape of American Innovation

Throughout our country’s history, innovators have used the patent system to protect their ideas. From Samuel Hopkin's improved process in making potash, an ingredient in fertilizer in 1790, to the patents of the present day, the United States Patent and Trademark Office (USPTO) has evaluated and safeguarded innovation around the world.

ACE Tool: New Data Aids US Business Investment Decisions

Assess Costs Everywhere LogoThe Department of Commerce's Assess Costs Everywhere tool (ACE) highlights the hidden costs and risks that manufacturers need to consider when deciding where to locate their operations or supply chains in the United States.  Since launching ACE in April 2013, the Department's Office of the Chief Economist has periodically updated the data and research underlying its analysis of 10 costs and risks.  This week, coinciding with the third SelectUSA Investment Summit, we are announcing a new set of updates to the tool.

Deep Dive into Hispanic Business Ownership

Female business ownership booms

The number of U.S. businesses grew 2 percent between 2007 and 2012 as the country weathered the financial crisis and entered the first three years of economic recovery. Yet, while overall business growth over this period was muted, growth in the number of minority-owned firms boomed. According to data from the Census Bureau's Survey of Business Owners, the number of minority-owned firms jumped by 38 percent to 8 million.

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