Last week, the U.S. Department of Commerce held the 11th SelectUSA Investment Summit which was the largest Investment Summit in its history with over 5,500 attendees spanning over a record 100+ international markets and over 1,100 economic developers representing 54 U.S. states and territories and catalyzing nearly $1 billion in new investment announcements. “We are seeing a resurgence in foreign...

In 2022, Congress created the Tech Hubs Program to strengthen U.S. economic and national security by commercializing the technologies of the future. The investments made through this program can ensure that critical industries, companies, and jobs start, grow, and remain in the United States. While these opportunities are exciting, all federal investment must be strategic, smart, and result in the...

The governments of the United Arab Emirates and the United States have agreed to establish the "US-UAE AI Acceleration Partnership" framework to further bolster cooperation around critical technologies and ensure the protection of such technologies based on a set of joint commitments. The US will facilitate deeper technology cooperation with the UAE, including the launch of a 1GW AI data center...

Breaking ground on 1GW AI Datacenter, part of a planned 5GW UAE-US artificial intelligence campus; largest such deployment outside of the US Builds on a new Government-to-Government technology framework, “US-UAE AI Acceleration Partnership” UAE’s national AI champion G42 to lead a consortium with US partners to build and invest in AI infrastructure in the UAE and globally, including in the US Abu...

Today, U.S. Secretary of Commerce Howard Lutnick announced the latest speakers to join the growing list of high-level attendees, including CEOs and company executives, U.S. Cabinet Members, senior administration officials, and U.S. governors participating at the 2025 SelectUSA Investment Summit, scheduled for May 11-14 at the Gaylord National Resort and Convention Center in National Harbor...

Today, the United States and the United Kingdom announced a historic trade deal – providing unprecedented access to the U.K. markets while bolstering U.S. national security. The reciprocal tariff rate of 10%, as originally announced on Liberation Day, will remain. The trade deal will increase tariff revenue dramatically, bringing in billions of dollars in new revenue. The deal removes longstanding...

Today, U.S. Secretary of Commerce Howard Lutnick visited the Taiwan Semiconductor Manufacturing Company (TSMC) semiconductor fabrication facility in Phoenix, Arizona where the company broke ground on a third fab facility. The visit highlights the Trump Administration’s renewed commitment to strengthening and expanding the golden age of American manufacturing. In the first 100 days, we at the...

On Tuesday, April 8, 2025, U.S. Secretary of Commerce Howard Lutnick announced that nearly $4 million in funding is ending to Princeton University after a detailed, careful, and thorough review of the Department’s financial assistance programs against National Oceanic and Atmospheric Administration’s (“NOAA”) current program objectives. In addition, the ending of these award programs will...