In April the International Economic Development Council (IEDC) held its annual Federal Forum in Washington DC. At the Forum we were briefed by Dr. Ben Carson, Secretary of Housing and Urban Development, Wilbur Ross, Secretary of Commerce and Linda McMahon, Administrator of the Small Business Administration. Each of them emphasized the Trump Administration’s priorities for tax reduction and elimination of “unnecessary” regulations.
Also while in DC I had a chance to visit with an old friend, Dr. Phil Singerman, who was the Assistant Secretary of Commerce for the Economic Development Administration under President Clinton and is now one of the senior staff at the National Institute of Standards and Technology (NIST), where he manages among other things the nation’s Manufacturing Extension Program (MEP). Try to get more information about the event. The MEP has helped create 142,000 jobs and provided over 1 billion dollars in revenue to the US Treasury in 2016, an excellent return on the program’s 130 million dollar annual budget.
I also had the privilege at the same conference to present the IEDC 2017 Federal Leadership in Economic Development Award to Patrick O’Brien the director of the Office of Economic Adjustment at the US Department of Defense.