On January 14, 2025, outgoing Commerce Secretary Gina Raimondo emphasized the critical need for the United States to out-innovate its global competitors, particularly China, during her tenure focused on rebuilding American manufacturing and enhancing economic resilience. Raimondo's remarks came as she reflected on the Biden administration's economic legacy, highlighting the bipartisan support for the CHIPS Act, which has allocated $90 billion for infrastructure, internet access, manufacturing, and semiconductor production [095e4fd0].
Raimondo pointed out that the CHIPS Act is a cornerstone of U.S. economic strategy, aimed at boosting domestic manufacturing capabilities and ensuring that the U.S. remains a leader in technology sectors. She expressed skepticism about the isolationist economic plans proposed during the Trump administration, advocating instead for a collaborative approach that balances the needs of the tech industry with national security considerations [095e4fd0].
The Commerce Department's recent initiatives, including the expansion of the Advocacy Center, align with Raimondo's vision of fostering innovation as a means to secure economic competitiveness. The center has already assisted American companies in securing significant international deals, contributing to job creation and economic growth [9147bc4e][41febfb4].
Raimondo also encouraged young people to engage actively in the economy and public service, recognizing that the future of American innovation hinges on the participation and creativity of the next generation [095e4fd0].
As the Commerce Department continues to build on the achievements of 2024, including over $30 billion in proposed investments under the CHIPS Act and the connection of 2.4 million homes to high-speed internet, the focus remains on strengthening the U.S. economy against rising global competition [9147bc4e].
Overall, the combined efforts of the Commerce Department and the strategic initiatives outlined by Raimondo reflect a comprehensive approach to enhancing U.S. competitiveness in a rapidly evolving global landscape, with a strong emphasis on innovation, collaboration, and inclusivity as essential components of future economic success.