The U.S. Department of Commerce Secretary Raimondo outlines agenda to increase American competitiveness. In her speech, she expressed the importance of investing domestically in workforce, business, and innovation, to compete on a global stage. To accomplish this, she expressed the Department of Commerce’s focus on diversifying our supply chains and revitalizing American manufacturing, bolstering America’s workforce, and building an innovative economy. During her remarks, she also referenced the Commerce Department’s preparation to invest $10 billion in regional tech hubs across the country, upon passage of the U.S. Innovation and Competition Act, in the House of Representatives.
On the Hill
The House Committee on Small Business will hold a hearing on “Empowering Employee Owned Businesses and Cooperatives Through Access to Capital” today at 10:00 AM.
At the Departments
The U.S. Department of the Treasury published a readout of Deputy Secretary of the Treasury Wally Adeyemo’s Virtual Meeting with the National Association of Federally-Insured Credit Unions.