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Economic Briefing Blog

High-Value Data Sets Across Commerce Bureaus

We need broader input to curate a real list of valuable and usable data, both from government experts and others outside the government.

  • Which other data sets – including outside the Department of Commerce – should we and the public be focused upon?
  • How are others using this data?
  • What could these data sets be used for?

Examining the Government-Constituent Relationship. With data. And trees.

Image of a HurricaneIn 2012, Hurricane Sandy inflicted tens of billions of dollars in losses, destroying or damaging thousands of homes and vehicles and bringing the Northeast US to a grinding halt. A lesser cited impact was the storm’s toll on the city’s urban forestry. Sandy knocked down or seriously damaged over 20,000 street trees in New York City (NYC) alone.

What’s New for the 2016 Annual GDP Update?

The Bureau of Economic Analysis updates GDP figures and their major components every summer, sweeping in more comprehensive data that weren’t available for earlier estimates. The 2016 annual update, coming July 29, also will feature some of BEA’s efforts to continuously improve its measurement of the U.S. economy.

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.

New BEA Estimates of International Trade in Digitally Enabled Services

Information and communication technologies (ICT) are increasingly changing how firms do business, how people communicate, and how international transactions take place. In 2014, the United States exported close to $400 billion in potentially ICT-enabled services, representing more than half of all U.S. exports of services, according a new report about trends in ICT and potentially ICT-enabled services by the Bureau of Economic Analysis (BEA). The new BEA estimates are part of a larger Department of Commerce effort to better measure the digital economy and cross-border data flows. 

Empowering Commerce Employees with the Latest Data Skills

Unlocking Opportunity: Economic Development through Open Data

Photo of Dr. Tyrone Grandison, Deputy Chief Data OfficerRecently, I had the opportunity to discuss the value of #OpenData at the #EDA2016. The Economic Development Administration's 2016 National Conference held in Washington DC, is where hundreds of regional and local economic development professionals, non-profit and private partners, and federal, state, tribal and local officials explored the top issues facing communities today relating to improving competitiveness, job growth, innovation and overall quality of life.

New Commerce Study Shows Women-Owned Businesses Making History but Still Significantly Less Likely to Win Federal Contracts

On Wednesday, March 2, the Small Business Administration (SBA) announced that for the first time, the goal of ensuring that women-owned businesses are awarded at least five percent of the federal government contracts for which they are eligible has been reached.1 SBA celebrated the news but noted that it plans to build on this achievement, as women-owned businesses are still under-represented when it comes to winning government contracts.

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