00:00hi everyone welcome to the a 6nz podcast
00:02I'm sonal and today's conversation
00:04features US Secretary of Commerce penny
00:06Pritzker in conversation with a 16 ZZZ
00:09Ted alia who heads up our policy
00:11regulatory affairs group the
00:13conversation took place recently in
00:14Washington DC as part of our inaugural
00:16event bringing together Silicon Valley
00:18and DC technology and policy makers to
00:21talk all things tech and more join me in
00:23welcoming into the stage Secretary penny
00:25Pritzker great to have you here
00:34happy to be here thanks for having me
00:36thank you do you mind by the way if I
00:38call you penny no I wish you would yeah
00:40you know I'm a formal guys I would have
00:42said Madam Secretary through the whole
00:44interview which we've gotten tedious I
00:46think for most people here right exactly
00:50a Silicon Valley thing that is a little
00:52formal right plus I think it sounds like
00:55the title of a TV show yeah exactly so
00:58secretary Pritzker needs little
01:00introduction to this crowd either to
01:02those of you from Silicon Valley or
01:03those of you from Washington DC she is
01:05of course an accomplished triathlete
01:08this is a very you know fascinating
01:10great piece of her bio I think she
01:11actually has completed a full Ironman
01:14Triathlon and that was actually before
01:17Ironman was cool I was what a terrible
01:20entrepreneur was I was I didn't think oh
01:22man this is a big brand I don't look at
01:25investing in the right instead and the
01:28other stupid thing I think about that
01:30race was he didn't there were no clothes
01:32back then I mean in other words I
01:33remember you had to have your bike
01:35shorts made and and stuff for women and
01:37I was like okay wait a second now
01:39there's Nike there's shows what a
01:43terrible entrepreneur I was you spent
01:45money rather than investing it and
01:50and the secretary still competes this is
01:53remarkable I think in triathlons to this
01:55yeah I'm scheduled anyway yeah better
02:00than I can do more to the points for
02:02today though Secretary Pritzker is the
02:0438th Secretary of Commerce she's headed
02:07up the Department of Commerce since 2013
02:09so coming up on about on three years now
02:11so happy three years traditionally the
02:15Secretary of Commerce is viewed as the
02:16voice of US business within the
02:18president's cabinet and secretary
02:21Pritzker has seized upon that role she's
02:22focused on providing American businesses
02:24and our entrepreneurs the tools they
02:27need to grow and hire a little more
02:29about secretary Pritzker's background
02:30because I think it is very relevant
02:31she's not a lawyer or policy maker who
02:33came and she's actually a business
02:34leader and entrepreneur herself she
02:37previously found it and ran five
02:39businesses in the real estate
02:40hospitality is senior living and
02:42financial services industries also
02:45relevant for today she brings to bear
02:47deep roots in Silicon Valley so it's a
02:49lot of perspective you bring a lot of
02:51familiarity with the valley having been
02:53an entrepreneur I think of myself as an
02:55entrepreneur and a business person even
02:57though I'm in the government right now
02:58you know it's really clear that
03:00innovation entrepreneurship small
03:03businesses are critical to our economic
03:04growth to job creation to the you know
03:08leadership of America and you know fully
03:111/3 of our growth is dependent upon what
03:13you guys do which is build businesses
03:15and entrepreneurs also solve problems
03:18and so what's our job to support that
03:21I've seen you frequently describe the
03:23Department of Commerce as America's
03:25innovation agency and you said the
03:27department it works each and every day
03:29to set the conditions for American
03:32innovation to thrive I think a lot of
03:34people looking at government agencies
03:35would think the opposite they'd say hey
03:38the government is at best neutral on
03:41this and some and if not hindering
03:43innovation rather than helping it thrive
03:45how do you think about that what do you
03:46mean when you say America's innovation
03:48agency and how do you go about doing
03:50that at Commerce and there's a number of
03:52things that we do first of all we try to
03:53be the policy voice at the table on
03:56behalf of entrepreneurs in the
03:58administration build a bridge with the
04:00business community and you guys are the
04:02business community I know
04:03you use the word entrepreneurs but
04:05you're the business community and then
04:07be that voice as policies being made so
04:10trying to represent your interests in
04:12that room is one job
04:13the second is be your advocates around
04:16the world so there's a lot of challenges
04:19that you face as you take your goods and
04:21services around the world we try to be
04:23your advocate your partner have people
04:25around the world who can help with that
04:26we also try and mentor innovators and
04:29then we have the Global Entrepreneurship
04:31summit it's just extraordinary what's
04:33going on in places like Ghana and Kenya
04:36and throughout Asia it's really cool but
04:40they don't have the support structure
04:42that all of you had that got you you
04:44know your businesses to where they're at
04:46and so that's part of what the
04:47president's view is is that we need to
04:50support entrepreneurship around the
04:52world it's a way to combat you know
04:54unemployment and some of the bad things
04:56that are happening the other thing we do
04:58is we support advanced manufacturing so
05:02we lead the national network of
05:04manufacturing innovation which are the
05:06advanced manufacturing Institute's
05:08that are being created in the United
05:11States the US federal government puts up
05:14what's called seventy million dollars to
05:15create an institute on 3d printing or
05:19composite materials or advanced
05:21manufacturing the latest one is I'm
05:23smart fabrics and that's matched at
05:26least one to one and in most instances
05:28multiples to one by the private sector
05:31local government universities the supply
05:35chain and the community colleges so the
05:39goals to bring the workforce development
05:41along at the same time which is another
05:43way that we support innovation is
05:45workforce training but in these advanced
05:47manufacturing Institute's the idea is
05:49how do you take a technology from lab to
05:50market in the next five to seven years
05:53we've got to stay ahead of the game
05:55given how competitive the world is and
05:57so those are some of the ways that we we
06:01support innovation we obviously play a
06:05big role in the digital economy and data
06:07base as well so it's helping out
06:09entrepreneurs both here getting started
06:12and developing technologies but also
06:14serving as an ambassador for them
06:17another thing I'll talk about is just
06:18immigration policy obviously something
06:20really I know many of you as you growing
06:23your businesses are concerned about
06:25because fully north of 50 percent of the
06:28people that we're training in this
06:30country in STEM fields are immigrants
06:33right they're here they're their
06:35students and right now we ask most of
06:38those people to go home which is crazy
06:40we need that talent here in the United
06:42States and DHS is donek is doing two
06:45things the Department of Homeland
06:47Security and forgive me this is a bad
06:49habit I've gotten into since I've come
06:50to Washington it's acronym City but the
06:53Department of Homeland Security
06:55developed a website for immigrant
06:58entrepreneurs how to navigate the system
07:01to get a visa and then they're also
07:03going to announce a proposal shortly for
07:06immigrant entrepreneurs and startups how
07:09to actually come and stay permanently in
07:11the United States so we're really
07:12focused on trying to address that even
07:14though frankly we need comprehensive
07:17immigration reform in this country in
07:19order to address the challenges that we
07:21face in this area not just h-1b visas
07:24and l1 visas and eb-5 visas but also you
07:29know to address the 11 million
07:30undocumented folks living in our country
07:32I think that's certainly the predominant
07:34view in Silicon Valley it seems there
07:35seems to be the log jam now where we
07:38have Republicans are for h-1b and not
07:41for comprehensive Democrats the opposite
07:43and so there's that that law but to get
07:45you know in Washington something I've
07:47learned I'm everything's about
07:49compromise and building coalitions to
07:50support things you need to bring the
07:52Dems and the Republicans together which
07:55means you got to deal with comprehensive
07:57reform and the high value visas you know
08:00high talent visas and so that's why
08:04comprehensive makes sense because it'll
08:06build the kind of political coalition
08:08necessary to get this done do you see
08:10any prospect of that on the horizon or
08:12is it well we have to get past the
08:14rhetoric of this election but and
08:17depends on who's President and depends
08:19on but it's it right now it's silly the
08:23policy that we have it's not addressing
08:26the moral obligation that we have to the
08:27people living in our communities and
08:31hi the the demands we have for folks
08:36that were training in the STEM fields so
08:38it's kind of losing on both fronts it's
08:40hugely beneficial if we were to do a
08:42comprehensive immigration reform it's
08:44worth about 1.4 trillion dollars to our
08:47economy so I can make the economic
08:49argument too that's my job I'm the
08:51Secretary of Commerce but you know we're
08:53a country of immigrants and this is
08:55natural for us frankly it's part of our
08:58growth and one of the reasons we've
09:00stayed economically healthy over you
09:03know centuries yeah there's been some
09:05bipartisan support for that at least in
09:07the not-too-distant past if many of the
09:08points you're making now remember george
09:10w bush making back in 2005 so that the
09:13need for comprehensive yeah didn't get
09:15through that and it seems to be stalled
09:17now I've been talking about the the your
09:19support for innovators and for
09:21innovation you mentioned your your
09:23outreach around the world I'd be curious
09:24to get your perspective when you do that
09:27how our American tech companies viewed
09:29in your travels positively negatively
09:32mixed what have you found you know when
09:35I go around the world leaders want
09:38American companies and they want
09:39American technology and I'll put aside
09:44what's going on in Europe right now for
09:46a minute and say that they want what we
09:49have which is this kind of vibrant
09:52innovative culture and I say well the
09:56first thing you have to do is it has to
09:58be okay to fail you've got to make it
10:01easy to start a company easy to close a
10:03company it's got to be easy to declare
10:05it's got to be culturally acceptable to
10:08try something and fail and that be
10:10ostracized within your community that's
10:12before you even get to you need
10:14different levels of venture capital and
10:17you need a whole capital system that
10:19supports the start-up of businesses and
10:21the failure of businesses and what's
10:24interesting is and I'll give you an
10:27example so we call it commercial
10:28diplomacy where we talk with governments
10:32and say okay you want innovation but
10:34your policies are inconsistent with what
10:37you want and let's talk about why and
10:40and I have found and we as an
10:42administration have found by going with
10:44leaders and saying this directly to
10:48government leaders so for example the
10:51ASEAN Leaders summit that President
10:53Obama hosted we brought such in Nadella
10:56and we brought the CEO Ginni Rometty and
11:00chuck Robbins from Cisco and to talk
11:03with the leaders of the ASEAN countries
11:06about their policies and how data
11:09localization or other challenges are
11:12inconsistent with their desire to have
11:14the kind of technological innovative
11:19entrepreneurial countries that they
11:23aspire to be and it's funny you
11:26it requires that it requires not just me
11:31as a government representative but
11:32requires folks like yourself coming with
11:35us to explain so what why it doesn't
11:40work so for example when I was first in
11:43this job I'm in Indonesia and a minister
11:45comes to me and says we really want
11:47Apple here in Indonesia and would you
11:51please call Tim Cook we'd like out there
11:53I said you know look I'm happy to call
11:56Tim Cook but you are you are putting in
12:01place policies that are requiring data
12:02localization you know Apple is in the
12:05cloud business that's completely
12:06inconsistent with you know and I'm sure
12:09they'd like to access your market and
12:11everything but your policies are
12:12inconsistent it's like the light bulb
12:14doesn't go off until you sit down and
12:16actually talk about the practical
12:19aspects of policy and so that's been a
12:22big part of what we've been doing it's
12:24why it's really important what you said
12:27about meeting with the foreign leaders
12:29resonates even with us at recent Awards
12:32will bring in lawmakers policymakers as
12:34a as a visiting visiting California and
12:38bringing into the to our building will
12:40have discussions with them and when when
12:42it is foreign leaders that is frequently
12:43the ask its what are the what are the
12:46preconditions that we need to create in
12:48name your country to create the Silicon
12:51Valley in in France or in Germany or in
12:54Indonesia or in Australia and government
12:57officials from a European country which
12:58I will not mention came in I think it
13:01was about four days after the ECJ had
13:05blown up the safe harbor and so that was
13:07my response as well I said you can talk
13:08about ready access to venture capital
13:10funds but at minimum you got to create a
13:12rule of law and a legal framework that
13:14allows that allows certainty
13:16predictability and when you rip safe
13:18harbor away that it runs contrary to
13:20that so we even we've had that same
13:22experience I would ask though about safe
13:25harbor and in privacy shield where are
13:28we and and one of the biggest questions
13:29we got around that time these are small
13:31companies you know the big companies can
13:33figure out how to handle the safe harbor
13:34and validation but the small company
13:36saying what in the world do we do we've
13:38got data we've got employee data that's
13:40over there we've got user data that's
13:41kind of from Europe help us and you were
13:44one of the leaders in getting privacy
13:46shield done can you talk about privacy
13:48shield and so on sure so you make all
13:52the good arguments and exactly the
13:53arguments that I've made with the EC you
13:58know European Commission and and and the
14:01good news is the leadership in the
14:03European Commission gets it right they
14:06understand that we do two hundred and
14:09eighty billion dollars digital commerce
14:12annually right now and it's only growing
14:15and they also understand that there's
14:18four thousand businesses roughly across
14:21the Atlantic that benefit from having
14:24you know in essence a safe harbor for
14:26how do you what how do you put send data
14:29back and forth across the Atlantic where
14:31privacy is protected when the privacy
14:34regime in Europe is structured
14:37differently than it is here in the
14:38United States so the whole idea is how
14:41do you do it in a way we had a system
14:43that was set up probably fifteen years
14:45ago you know fifteen years ago we didn't
14:47even have an iPhone so it needed an
14:50update it didn't need a total
14:53destruction total destruction but it
14:55needed an update the privacy shield is
14:57as we call the new structure is I think
15:01it's it's satisfies the court case it
15:05will allow data back and forth it has
15:09the unanimous approval of the European
15:11Commission we now need
15:12get state approval and that effort is
15:14going on right now in Europe and the
15:17challenge and this is what I've said to
15:20my counterparts in Europe and to the
15:22leaders of the Data Protection Agency's
15:24in each of the states technology is
15:27evolving we've built in now to the
15:29privacy shield the ability to step back
15:32each year and look and see do we need to
15:34tweak things so that we can make sure
15:36that an individual's privacy is
15:40protected this summer we're hoping that
15:43the states will vote and then it will be
15:45in effect that's where we're at I
15:47noticed that last week the was it the
15:50article 29 working you know it's your
15:52the Data Protection Agency's in member
15:54states so their voice was it strong
15:56objections to it or strong reservations
15:57something something strong and as that
16:00just is that part of the process part of
16:03the process they don't have a vote but
16:06they have a say right and so our teams
16:09have been analyzing their suggestions
16:12and we're open there's you know we're
16:15open to if there's process changes what
16:19we don't want to do and neither does the
16:21European Commission is open the document
16:23back up and say let's renegotiate
16:25because we have an annual process of
16:27review where we can say okay we need to
16:29tweak this or tweak this that but the
16:32posture that we're both taking and
16:35working on with the states is is that
16:37look we have to get out of the starting
16:39blocks let's not let perfect be the
16:41enemy of good you want protection and
16:44and that's your job I get you and your
16:47role and we've created lots of ways for
16:51citizens to have redress and we've
16:53created lots of mechanisms let's start
16:56and see how it works because the other
16:58thing to keep in mind and this is
17:00there have only been four cases four
17:04cases so let's before we decide there's
17:08gonna be thousands and thousands of
17:10people are unhappy let's yeah let's
17:11start and see how it works my personal
17:15commitment is we're all in to try and
17:17get this thing done this summer
17:19appreciate it and are hopeful because
17:21it's a critical piece of allowing its
17:23companies to caption staying on the
17:26front you recently took a pretty
17:28entering trip to an entering place talk
17:31about Cuba ah so Cuba really
17:36you know it's 11 it's an island 11
17:38million plus people living 90 miles off
17:41of Florida and the truth is when you say
17:45you don't have relations with the
17:46country means you don't know a lot about
17:48them and over the last year plus it has
17:51been extraordinary for our governments
17:53to get to know each other and what's
17:55even more extraordinary is our peoples
17:57getting to know each other the
17:59Department of Commerce have had the
18:01honor playing a really important role in
18:03helping the president effectuate his
18:06policy and the president's attitude has
18:08been very simple isolation didn't work
18:11let's try engagement right so we the
18:16Department of Treasury really has done
18:18regulatory changes that allow goods and
18:21services to be paid for both directions
18:24and we're the Department of Commerce
18:27plays the role of changing regulations
18:29that allow the sale of goods and
18:32services to happen the precise products
18:35we are limited by the embargo and so
18:38there's only so much that can go on
18:40however now we have direct mail now you
18:44can make a direct phone call now you can
18:46take a direct flight now you can go
18:48visit you can self certify and we can
18:52now sell telecommunications equipment
18:53which means there isn't the Internet
18:56backbone yet there yet but it's coming
18:59and there would be a critical piece to
19:02the engagement and in changing standards
19:05of living and the other thing to
19:07remember is they import a lot of food
19:08only won't but and only one-third of
19:11Cuban land arable land is now in farm
19:14production so they have enormous
19:16potential for their own people the visit
19:19was amazing on a couple of levels first
19:21of all to see the fruits of our labor
19:23and the Cuban people lined the street
19:27they were excited by the presence of the
19:30US president so that was really a very
19:33gratifying the other thing that was most
19:35amazing was there was a press conference
19:40very first time president Castro has
19:43taken questions from the Western press
19:47and so for the Cuban people to see that
19:51and to have that occur you don't
19:55appreciate that because for us where the
19:58press is ubiquitous but there it was
20:01really extraordinary you know hard
20:03questions to him with her oh yeah it was
20:05very symbolic and but substantive also
20:09so it was it was really important and
20:11the third benefit to think about is our
20:14whole relationship with Latin America
20:16has changed for the better because of
20:19recognizing Cuba there's you know
20:22knock-on effects in terms of creating an
20:25environment where you can do more
20:26business throughout the Western
20:28Hemisphere you talk about the
20:30infrastructure piece and
20:31telecommunications equipment but is
20:32there a plan to push for Internet
20:34freedom for internet access there to use
20:36over time commerce others to push well
20:41you have to remember Cuba's a sovereign
20:42nation yeah I think that the fact that
20:45they've embraced this relationship and
20:48they've embraced the kind of travel and
20:50engagement and telecommunications will
20:53evolve in a direction that will lead to
20:56greater engagement for the Cuban people
20:58another issue ripped from the headlines
21:00TPP near and dear to your heart you're
21:03clearly both the administration but also
21:05commerce in particular strong advocates
21:08of TPP I noticed that EF F has objected
21:11to some some of the copyright provisions
21:13but that's a detail in this important
21:16detail but a detail there can you talk
21:17about prospects with the TPP is he see
21:19him you know this but I'm gonna
21:21emphasize the strength of a country is
21:23often judged by the strength of its
21:26economy ninety five percent of customers
21:28are outside the United States
21:30eighty percent of purchasing powers
21:32outside the United States Asia Pacific
21:35region is the fastest growing middle
21:37class in the world over the next 15
21:39years you're gonna see it go from about
21:41five hundred million to five hundred and
21:43seventy million in middle class to
21:45somewhere between two and a half and
21:47three and a half billion
21:48I've seen numbers in in in that range in
21:5115 years so that's a
21:53you cannot afford not to have access to
21:56our companies cannot afford not to have
21:59access to and the problem is with the
22:01rhetoric and the political campaigns and
22:04all this it's really up to all of us to
22:06take action now and I think that you
22:08have to recognize that you know there
22:10been a hundred free trade agreements in
22:12the asia-pacific none of which are the
22:14benefit of us and our competition has
22:16access lower tariffs and TPP contains
22:20you know labor standards an
22:23environmental standards that all of you
22:24would support you know there's in any
22:27deal you can always find something you
22:29don't like right you guys have to all
22:31negotiated deals to make a deal you have
22:34to compromise there's some compromises
22:36here I'm not suggesting it's perfect for
22:38everybody but this deal we cannot afford
22:41to let it pass it's good for your
22:43businesses it's good for the people the
22:46workers in America we have eleven and a
22:47half million people whose jobs depend on
22:50selling goods outside the United States
22:52and the business community has to be
22:55heard now and your employees need to
22:57understand the importance to the growth
23:00of your businesses access to those
23:02markets when you talk it's interesting
23:04to me to hear that that America that
23:05your perspective is American business
23:06has not been engaged enough on this and
23:08not been loud enough is that a critique
23:09of American business generally they've
23:12just been hiding in the tall grass as
23:14they say or is it is it directed
23:15specifically at the tech sector in
23:17Silicon Valley that you think should
23:18speak out more is it everybody I love
23:21all my children equally and so I'm gonna
23:23chastise all my children equally it's
23:26everybody I think all of us need if we
23:28think this is important we have to stand
23:31up and say so now and we have to be
23:32heard because the window will close and
23:37and and I don't know when it opens again
23:40okay question now on your management
23:42style and what you encountered coming
23:44from the private sector to Washington as
23:47I mentioned the outside you're an
23:48entrepreneur you built successful
23:50businesses run businesses bounce through
23:52all the trials and tribulations of that
23:53had to bootstrap things as an
23:56entrepreneur and then you come into a
23:58huge agency - part of Commerce in coming
24:02into such a big organization did you I'm
24:05sure you brought plenty from your
24:07any particular business strategies or
24:11business lessons that you learned coming
24:12in that you had learned as an
24:14entrepreneur that you brought to bear on
24:15your style of the commerce department my
24:18approach has been to think about this
24:20the same way you'd think about your
24:22business first of all who are
24:23stakeholders our number one stakeholders
24:26are the business community that's tact
24:28that's data that's manufacturing that's
24:30you know AG that's everything that's
24:32energy units fisheries definitely a big
24:36part of our stakeholders then we came
24:40together and we took the senior
24:42leadership and we put together a
24:43strategic plan we said we're going to
24:46focus on trade and investment we're
24:48gonna focus on investment meeting
24:50foreign direct investment the United
24:52States trade meaning exports innovation
24:54we're gonna focus on advanced
24:56manufacturing workforce development
24:58because I heard every leader of every
25:01company that I met with said I need a
25:03workforce that can do the jobs I've got
25:05and then the digital economy that's been
25:09a big priority of yours priority of ours
25:12and when you brought specifically yes
25:14Alan Davidson runs that effort for us he
25:16runs our digital economy leadership team
25:19and we're institutionalizing that so
25:22that we can be your voice so that we can
25:24effectively you know who to talk to and
25:26we have a policy agenda about our policy
25:30agenda is an open and free internet the
25:33second is the issues around trust
25:36privacy security encryption data you
25:40know they safe harbor etc the digital
25:43single market in Europe all of those are
25:45policy issues around trust third is
25:47access how do we make sure that there's
25:49you know high speed internet
25:51availability ubiquitous in the United
25:53States we've laid about a hundred and
25:56thirty thousand miles of high-speed
25:59broadband during the Obama
26:01administration and then how do we engage
26:03with the newest technologies so whether
26:06it's autonomous vehicles or the Internet
26:10of Things or any of the different
26:12FinTech you know engaging with and what
26:15are the impediments to making progress
26:17data is another area that has been a
26:20priority of ours work we produce 20 to
26:2340 terabytes of data a day how do we
26:27make that available how is that how can
26:29you use that information how can it be
26:32used to better inform decisions we have
26:35data is that so we we produce weather
26:38data okay which we're only making about
26:4010% of our weather data available right
26:42now and that's powering things like The
26:44Weather Channel and other things we're
26:46the sensors and the algorithms etc and
26:50the satellites as I like to say in the
26:52buoys that are behind all of that
26:54we're also census data and it's not just
26:58the decennial census we are the survey
27:00organization for the federal government
27:02and then we have all the economic data
27:05in fact one of the challenges we have
27:07right now and I'm fighting to get access
27:09to this information is we don't have
27:12really we're not counting I don't think
27:15in GDP the gig economy as fulsomely as
27:19it ought to be accounted in our GDP and
27:21one of the things I was talking about is
27:23getting access to different information
27:26which we don't have access to that could
27:28help us so we can account for that so
27:30we're full of information patent and
27:32trademark information that could help
27:35you know in our age of big data is
27:38valuable and should be made more useful
27:41are you seeking out Silicon Valley
27:44entrepreneurs engineers others to come
27:47join Commerce absolutely we have
27:50something called the Commerce data
27:51service which is data technicians data
27:54analysts we've got about I think 20 or
27:5730 that are helping us we have more
28:00projects than we can do helping us with
28:03for example making our data more more
28:06available it's not just creating API so
28:08it's actually projects that create
28:10information that we can that can be used
28:14we have presidential innovation fellows
28:16so you could leave your business for a
28:18year and come and work on a set of
28:21projects in the government and make a
28:23huge difference I think we need more of
28:26that that's a temporary and maybe
28:28permanent but at least temporary hiatus
28:30where you go and work in government
28:31contributes kills there and then go
28:33you know we've now got I think
28:35throughout the federal government
28:37about 500 of such folks who are here as
28:40term employees to help us with different
28:43types of digital and data projects
28:46throughout the federal government well
28:47we need more and frankly the more that
28:50there's engagement between you all and
28:54and our government and our government
28:56and both Silicon Valley and our
28:59innovation economy I think the more
29:03likely it is that we get laws and
29:05regulations right and that if there's a
29:07real dialogue about it I want to say one
29:10thing about ways that we at the
29:12department can help you as you're
29:14innovating around and want to take your
29:16projects and products and services
29:19around the world is we have an
29:22initiative started by Mike Masterman who
29:24I think is here he's not lift called
29:27start-up global so we work with
29:29companies to be born global we have our
29:32foreign commercial service officers in
29:3475 or 80 countries around the world
29:36their job is to help you navigate in
29:39those countries we have our new program
29:41called our digital at essays which are
29:44in six markets it's a pilot in the ASEAN
29:47countries India China Japan Brazil and
29:50the EU and these are folks whose job it
29:53is is to help you address digital issues
29:56in those countries overcome trade
29:58barriers drive policy change as it
30:01relates to technology and be on the
30:03front line of helping small and medium
30:05sized businesses in those markets so you
30:08know we're a service organization you're
30:10our customer please call on us we
30:13appreciate that we appreciate your work
30:15secretary Pritzker on being America's
30:17innovation agency joining us and for
30:20spending time with with all of us here
30:22in the room today thanks for including
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