Department of Commerce Promotes Economic Growth and Job Creation

What's Happening?

The Department of Commerce (DOC) is a Cabinet-level executive department of the U.S. government focused on promoting economic growth, trade, and job creation. Led by Secretary Gina Raimondo, the department collaborates with businesses, universities, and communities to stimulate jobs through sustainable development, favorable international trade terms, and technology accessibility. The DOC consists of several bureaus and offices, including the U.S. Census Bureau, the U.S. Patent and Trade Office, and the Bureau of Economic Analysis. Historically, the DOC was part of the Department of Commerce and Labor, established in 1903 by President Theodore Roosevelt, and became a standalone department in 1913.

Why It's Important?

The Department of Commerce plays a crucial role in fostering economic vitality in the United States. By promoting international trade and supporting technological advancement, the DOC helps U.S. businesses remain competitive globally. Its efforts in sustainable development and job creation are vital for improving living standards and economic stability. The department's initiatives impact various sectors, including trade, technology, and entrepreneurship, thereby influencing policy decisions and economic strategies nationwide.