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The Latest From The Commerce Blog

Job-Creating Culinary Center Opens in Philadelphia with EDA Support

Submitted on September 14, 2012 - 4:30pm
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Artist's rendering of exterior of the new Center

Guest blog post by Matt Erskine, Acting Assistant Secretary of Commerce for Economic Development

Providing office space and support for budding entrepreneurs to develop and grow their businesses while boosting the synergies offered by their developing ideas, skills, and products is a critical economic development strategy.

This is exactly what I saw today in Philadelphia, when I attended the opening of the new Dorrance H. Hamilton Center for Culinary Enterprises (CCE), an innovative facility that will provide shared business space for food entrepreneurs from throughout the Philadelphia region. This center was developed by Philadelphia’s The Enterprise Center, a business accelerator that since 1989 has supported local entrepreneurs and spurred economic growth in Philadelphia, and the Economic Development Administration (EDA), which in 2010 provided $1.5 million to support the construction of the CCE.

The new CCE building contains 13,000 square feet of space, and includes four state-of-the-art commercial kitchens that will be available for rent to culinary entrepreneurs, an eKitchen Multimedia Learning Center, and retail space for tenants.

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Exports Hit Record Highs in 200 Metro Areas

Submitted on September 14, 2012 - 3:30pm
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Map of U.S. highlighting metro areas

Guest post from Natalie Soroka, Economist in the Office of Industry Analysis within the International Trade Administration

2011 was a good year for U.S. Metropolitan Area Exporters. Of the 367 metro areas with available data (due to Federal disclosure regulations), 206 saw record-high merchandise exports in 2011. Overall, exports from all metropolitan areas increased by 16 percent from 2010 to total $1.31 trillion in 2011. New York was the top exporter, accounting for $105.1 billion. 

While export value is concentrated in the top metro areas (like New York, Houston, and Los Angeles), exports are an important economic driver nationwide. In 2011, 150 metro areas exported more than $1 billion of goods, thirteen of which reached this mark for the first time.

Overall, many areas experienced significant export growth in 2011, with exports increasing by more than $1 billion in 36 metro areas. Larger exporters such as Houston and New York showed the highest dollar growth, each growing by more than $20 billion compared to the previous year, but growth was not contained to big cities. Of the top 50 metro exporters in 2011, Corpus Christi showed the fastest growth, nearly doubling its goods exports since 2010. Much of this growth, along with other fast-rising metropolitan areas in Texas and Louisiana, was due to higher exports of petroleum and coal products. Higher commodity prices benefitted many cities in 2011, with major exporters of crops (Minneapolis, New Orleans, Portland), primary metals (Salt Lake City, New York), and petroleum and coal products (Houston, New Orleans, New York, Corpus Christi) showing high growth. In addition to commodities, exporters of manufactured goods such as chemicals (Houston) and transportation equipment (Detroit) showed high growth in 2011.

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Jacob Taylor, NIST Physicist, Receives Samuel J. Heyman Service to America Medal for Public Service

Submitted on September 14, 2012 - 3:00pm
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On Thursday evening, National Institute of Standards and Technology (NIST) physicist Jacob Taylor received a Samuel J. Heyman Service to America Medal (Sammies) for his advanced scientific research, which has potential for advances in health care, communications, computing, and technology. Presented the award by Acting Commerce Secretary Rebecca Blank, Taylor was one of just nine winners chosen from nearly 400 nominees for awards honoring excellence in public service.

A fellow at the Joint Quantum Institute, Taylor has already developed a number of original theories on the cutting-edge of theoretical physics. One such idea is a way to allow magnetic resonance imaging to more effectively be utilized on the molecular level. This holds the promise of providing more detailed health information, better diagnoses, more targeted medical treatments, and more rapid discoveries of new drugs.

Taylor also has a pending patent on a process that would increase the quantity of data that could be sent through the Internet while using less energy, and his theory on computing has the potential to advance scientists much closer to the goal of achieving quantum computing—an extraordinary development in the field of physics that would allow for unprecedented increases to calculation speed.

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