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Office Of Space Commerce
The Office of Space Commerce is an office within the United States Department of Commerce. It is currently one of several offices within the department that are responsible for overseeing and promoting economic activity in space. The office is small in size, and its first director was Kevin O'Connell. In January 2021, Mark Paese took over as acting director. In May 2018, Wilbur Ross, the Secretary of Commerce announced plans to consolidate the Office with the Commercial Remote Sensing Regulatory Affairs Office to form a new administration Administration may refer to: Management of organizations * Management, the act of directing people towards accomplishing a goal ** Administrative Assistant, traditionally known as a Secretary, or also known as an administrative officer, admini ..., the Space Policy Advancing Commercial Enterprise (SPACE) Administration. The goal of the new agency would be to streamline the regulatory process. These plans were subsequently abandoned. Refe ...
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United States Department Of Commerce
The United States Department of Commerce is an executive department of the U.S. federal government concerned with creating the conditions for economic growth and opportunity. Among its tasks are gathering economic and demographic data for business and government decision making, and helping to set industrial standards. Its main purpose is to create jobs, promote economic growth, encourage sustainable development and block harmful trade practices of other nations. Steve Charnovitz, "Reinventing the Commerce Dept.", ''Journal of Commerce'', July 12, 1995. It is headed by the Secretary of Commerce, who reports directly to the President of the United States and is a member of the president's Cabinet. The Department of Commerce is headquartered in the Herbert C. Hoover Building in Washington, DC. History Organizational history The department was originally created as the United States Department of Commerce and Labor on February 14, 1903. It was subsequently renamed the Departme ...
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Economic Activity
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and beh ...
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Wilbur Ross
Wilbur Louis Ross Jr. (born November 28, 1937) is an American businessman who served as the 39th United States Secretary of Commerce from 2017 to 2021. A member of the Republican Party, Ross was previously chairman and chief executive officer (CEO) of WL Ross & Co from 2000 to 2017. Before founding WL Ross & Co, Ross ran the bankruptcy restructuring practice at N M Rothschild & Sons in New York beginning in the late 1970s. In April 2000, Ross left Rothschild to found WL Ross & Co. Ross was a banker known for acquiring and restructuring failed companies in industries such as steel, coal, telecommunications, and textiles, later selling them for a profit after operations improved, a record that had earned him the moniker "King of Bankruptcy". Ross has been chairman or lead director of more than 100 companies operating in more than 20 countries. Named by Bloomberg Markets as one of the 50 most influential people in global finance, Ross was previously an adviser to New York City ma ...
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United States Secretary Of Commerce
The United States secretary of commerce (SecCom) is the head of the United States Department of Commerce. The secretary serves as the principal advisor to the president of the United States on all matters relating to commerce. The secretary reports directly to the president and is a statutory member of Cabinet of the United States. The secretary is appointed by the president, with the advice and consent of the United States Senate. The secretary of commerce is concerned with promoting American businesses and industries; the department states its mission to be "to foster, promote, and develop the foreign and domestic commerce". Until 1913, there was one secretary of commerce and labor, uniting this department with the United States Department of Labor, which is now headed by a separate United States secretary of labor. Secretary of Commerce is a Level I position in the Executive Schedule, thus earning a salary of US$221,400, as of January 2021. The current secretary of com ...
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Administration (government)
The term administration, as used in the context of government, differs according to the jurisdiction under which it operates. In general terms, administration can be described as a decision making body. United States In American usage, the term generally refers to the executive branch under a specific president (or governor, mayor, or other local executive); or the term of a particular executive; for example: "President Y's administration" or "Secretary of Defense X during President Y's administration." It can also mean an executive branch agency headed by an administrator, as the National Aeronautics and Space Administration (NASA), Small Business Administration or the National Archives and Records Administration. The term "administration" has been used to denote the executive branch in presidential systems of government. Europe The term's usage in Europe varies by country, but most typically the word "administration" refers to managerial functions in general, which ...
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Government Agency
A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administration. There is a notable variety of agency types. Although usage differs, a government agency is normally distinct both from a department or ministry, and other types of public body established by government. The functions of an agency are normally executive in character since different types of organizations (''such as commissions'') are most often constituted in an advisory role—this distinction is often blurred in practice however, it is not allowed. A government agency may be established by either a national government or a state government within a federal system. Agencies can be established by legislation or by executive powers. The autonomy, independence, and accountability of government agencies also vary widely. History Early ex ...
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