![]() Seal of the U.S. Department of Commerce | |
![]() Flag of the U.S. Department of Commerce | |
![]() The Herbert C. Hoover Building, the headquarters of the U.S. Department of Commerce | |
Agency overview | |
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Formed | February 14, 1903 |
Preceding agency | |
Jurisdiction | U.S. federal government |
Headquarters | Herbert C. Hoover Building 1401 Constitution Avenue NW, Washington, D.C., U.S. 38°53′39″N 77°0′58″W / 38.89417°N 77.01611°W |
Employees | 46,608 (2018)[1] |
Annual budget | US$10.8 billion (2024)[2] |
Agency executives | |
Website | commerce.gov |
Footnotes | |
The United States Department of Commerce (DOC) 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.[3]
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, D.C.