Department of Commerce

Extracted Attributes

• Budget

  $14.8 billion (FY 2024)

• Founded

  1903-02-14

• Staff Size

  10,001+ employees

• Headquarters

  Herbert C. Hoover Building, Washington, D.C., United States

• GDP Growth Target

  5-6% by 2026

• Number of Bureaus

  13

• Secretary of Commerce

  Howard Lutnick

• Presidential Line of Succession

  10th

Timeline

• The Department of Commerce and Labor is established by the U.S. Congress. (Source: Web Search (USAFacts))

  1903-02-14

• The department is reorganized as the standalone Department of Commerce after labor functions are moved to a new department. (Source: Wikipedia)

  1913-03-04

• The Department of Commerce begins managing the National Aquarium, a responsibility it held until 1939. (Source: Wikipedia)

  1913-01-01

• The department assumes the lead role in U.S. government activities related to safe artificial intelligence development. (Source: Wikipedia)

  2023-01-01

• The Department of Commerce posts 2nd Quarter Gross Domestic Product data to the blockchain. (Source: Web Search (LinkedIn))

  2024-10-30

• Projected date for achieving the Trump Administration's target of 5-6% GDP growth through Commerce-led economic strategies. (Source: Document bd9e52ad-b427-4759-a3de-cdaa5cd4d3e7)

  2026-12-31

United States Department of Commerce

The United States Department of Commerce (DOC) is an executive department of the U.S. federal government. It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing economic development, promoting foreign direct investment, and safeguarding national economic security. The Department of Commerce is one of four federal agencies authorized to appoint personnel in the United States Foreign Service, and its NOAA Corps — formerly the Coast and Geodetic Survey Corps — is one of the eight branches of the uniformed services of the United States. During a large-scale disaster or catastrophe, it assumes the coordinating responsibilities for the economic recovery support function under the national disaster recovery framework. Since 2023, it has led U.S. government activities related to safe artificial intelligence development and, from 1913 to 1939, it managed the National Aquarium. The department is headed by the secretary of commerce, who is a member of the president's Cabinet and tenth in the United States presidential line of succession. It is headquartered in the Herbert C. Hoover Building in Washington, D.C.

Web Search Results

• Department of Commerce | The White House

  The Department of Commerce (DOC) has a broad mandate to promote economic growth and foster job creation for the American people. It has cross-cutting responsibilities in the areas of trade, technology, entrepreneurship, economic development, environmental stewardship, and statistical research and analysis. To support this important work, the President's Budget proposes $8.8 billion in discretionary funding for the Department of Commerce, a decrease of $5.1 billion from the 2010 enacted level. In addition to planned reductions due to the completion of the 2010 Decennial Census, other key reductions include those to outdated or lower priority programs, as well as administrative savings. New investments are made in areas that are critical to long-term economic growth and competitiveness, [...] critical to long-term economic growth and competitiveness, such as the President's Wireless Innovation and Infrastructure Initiative and the promotion of U.S. exports. [...] Invests in regional economic competitiveness by providing $325 million to the Economic Development Administration (EDA) to support planning, capacity building and capital projects through programs such as the Regional Innovation Program authorized in the America COMPETES Act. As part of the program, EDA, in conjunction with the Departments of Agriculture and Housing and Urban Development, will conduct a competition for a new Growth Zones initiative to replace current Enterprise Zones, which will award qualifying communities with the strongest proposals for growth. Sustains critical satellite programs to monitor the Earth’s weather and climate and improve forecasting for severe weather events to protect public safety and the economy.

• United States Department of Commerce - Wikipedia

  The United States Department of Commerce (DOC) is an executive department of the U.S. federal government. It is responsible for gathering data for business and governmental decision making, establishing industrial standards, catalyzing economic development, promoting foreign direct investment, and safeguarding national economic security. [...] The Department of Commerce is one of four federal agencies authorized to appoint personnel in the United States Foreign Service, and its NOAA Corps — formerly the Coast and Geodetic Survey Corps — is one of the eight branches of the uniformed services of the United States. During a large-scale disaster or catastrophe, it assumes the coordinating responsibilities for the economic recovery support function under the national disaster recovery framework. Since 2023, it has led U.S. government activities related to safe artificial intelligence development and, from 1913 to 1939, it managed the National Aquarium "National Aquarium (Washington, D.C.)"). [...] The Department of Commerce fulfills a variety of missions. Clockwise, from top left: the department-sponsored U.S. Investment Advisory Council meets at the Hoover Building in 2023; the NOAAS Thomas Jefferson underway in the early 2000s; NIST scientists maintain the United States' cesium fountain atomic clock; a Census Bureau enumerators collect data in Alaska in 2000; a NOAA Lockheed WP-3D Orion aircraft pictured in 2008

• What does the Department of Commerce (DOC) do? - USAFacts

  # What does the Department of Commerce (DOC) do? The Department of Commerce (DOC) is an executive branch agency responsible for supporting economic growth within the US. Its functions include promoting job creation, sustainable business development, and ensuring economic competitiveness. It was established in 1903. $14.8B 0.2% ## How much does the Department of Commerce spend? ## The Department of Commerce accounted for 0.2% of all federal spending in FY 2024. Share of DOC net spending compared to the top ten highest spending agencies in FY 2024 Subscribe to stay informed about DOGE and federal spending ## The Department of Commerce’s federal spending in FY 2024 was higher than in FY 1980. Yearly federal net spending by DOC, adjusted for inflation (2024 dollars), FYs 1980–2024 [...] ## The Department of Commerce's share of federal spending in FY 2024 was lower than in FY 1980. Percentage of federal budget dedicated to DOC, FYs 1980–2024 ## How did the Department of Commerce spend its budget in 2024? Federal government net spending isolated to DOC, FY 2024 ## The Department of Commerce's highest-spending division is the National Oceanic and Atmospheric Administration. DOC net spending by division, FY 2024 Read related content about the Department of Commerce: ## How many people work for the Department of Commerce? ## The number of federal employees working for the Department of Commerce has decreased 1.4% since 2010. Number of federal employees working for DOC, September 2010–2024 ## Who leads the Department of Commerce?

• U.S. Department of Commerce (DOC) | Grants.gov

  As the only federal government agency focused exclusively on economic development, the U.S. Department of Commerce's Economic Development Administration (EDA) plays a critical role in fostering regional economic development efforts in communities across the nation. Through strategic investments that foster job creation and attract private investment, EDA supports development in economically distressed areas of the United States. Guided by the basic principle that communities must be empowered to develop and implement their own economic development and revitalization strategies, EDA works directly with local economic development officials to make grant investments that are well-defined, timely, and linked to a long-term, sustainable economic development strategy. [...] To drive U.S. competitiveness in the global marketplace, the Commerce Department works to strengthen the international economic position of the United States and facilitates global trade by opening up new markets for U.S. goods and services. Here at home, the Commerce Department promotes progressive business policies that help America's businesses and entrepreneurs and their communities grow and succeed. Cutting-edge science and technology at the department fosters innovation, and a focus on research and development that moves quickly from the lab to the marketplace generates progress and new 21st century opportunities. No matter where businesses are in their life cycle, whether just getting off the ground or looking to expand into overseas markets, the Commerce Department is singularly [...] # U.S. DEPARTMENT OF COMMERCE (DOC) ## Mission and Vision The U.S. Department of Commerce promotes job creation, economic growth, sustainable development and improved standards of living for all Americans by working in partnership with businesses, universities, communities and our nation's workers. The department touches the daily lives of the American people in many ways, with a wide range of responsibilities in the areas of trade, economic development, technology, entrepreneurship and business development, environmental stewardship, and statistical research and analysis.

• U.S. Department of Commerce - LinkedIn

  #NeverForget [Likes: 103, Comments: 0]; U.S. Department of Commerce (2mo): Today, Secretary Howard W. Lutnick hosted the Department of Commerce’s Alaska Seafood Roundtable alongside Secretary of Agriculture Brooke Rollins, the Alaska delegation, and fishermen representing the Last Frontier. Alaska’s fisheries are central to America’s seafood industry. They set the market, support thousands of jobs for fishermen, boat captains, crew members, and technicians, and generate billions of dollars for the Alaskan economy and the American economy as a whole. The Trump Administration is committed to fighting for Alaska's fishing economy, keeping America’s seafood industry competitive on the global stage, and ensuring that Alaska continues to be a stalwart of U.S. growth and prosperity. [Likes: 88, [...] # U.S. Department of Commerce Welcome to the official LinkedIn page of the U.S. Department of Commerce, led by Secretary Howard Lutnick. Government Administration • Washington, DC • 107,919 followers • 10,001+ employees ## Overview The Department of Commerce’s mission is to create the conditions for economic growth and opportunity for all communities. Through its 13 bureaus, the Department works to drive U.S. economic competitiveness, strengthen domestic industry, and spur the growth of quality jobs in all communities across the country. The Department serves as the voice of business in the Federal Government, and at the same time, the Department touches and serves every American every day. ### Website ### Crunchbase N/A ### LinkedIn ### Industry Government Administration [...] to be a stalwart of U.S. growth and prosperity. [Likes: 88, Comments: 4]; U.S. Department of Commerce (2mo): RELEASE: Department of Commerce Posts 2nd Quarter Gross Domestic Product to the Blockchain. [Likes: 114, Comments: 13]; U.S. Department of Commerce (2mo): When you have a businessman in the cabinet and President Trump in office, America gets the benefit of the bargain: 📈 Micron: $200B investment 📈 Texas Instruments: $23B → $60B 📈 TSMC: $60B → $165B [Likes: 113, Comments: 18]; U.S. Department of Commerce (2mo Edited): Philips , a global leader in health technology, announced a plan for new investments of more than USD 150 million in U.S. manufacturing and research and development. As part of the announcement, Philips unveiled the expansion of its Reedsville, PA manufacturing

• Instance Of

  Q11396960