WASHINGTON (Commerce Department PR) — The Space Economy Satellite Account (SESA) is a new, collaborative effort to measure the relative importance of the space sector on the U.S. economy, with a special emphasis on the growing commercial space segment. This new account is part of the economic satellite accounts produced by the Bureau of Economic Analysis (BEA).
A satellite account refers to statistics that complement BEA’s official U.S. economic statistics, such as GDP and personal income. These satellite accounts provide additional detail and allow for a more in-depth analysis of key sectors of the U.S. economy, such as health care, travel and tourism, and outdoor recreation.
Using input from industry experts and multiple government agencies, chiefly the U.S. Department of Commerce (DOC) Office of Space Commerce, the forthcoming SESA statistics will show the impact of the U.S. space economy on the overall U.S. economy.
Specifically, the SESA statistics will provide an estimate of the space economy’s contribution to current-dollar gross domestic product (GDP) and will illustrate the contributions of individual industries to the U.S. space economy.
In addition to GDP, the SESA will include gross output, compensation, and employment by industry statistics for the space economy.
NOAA’s poor management of the Geostationary Operational Environmental Satellites-R (GOES-R) program has resulted in less accurate meteorological data from the GOES-16 and GOES-17 weather satellites now in orbit, according to an audit by the Commerce Department’s Office of Inspector General (IG). [Full Report]
NOAA’s failure to properly address an overheating problem discovered during ground testing in 2017 led to the degraded performance of GOES-17’s main instrument, the Advanced Baseline Imager (ABI). The GOES-16 satellite, which was already in orbit at the time, is also suffering from overheating of its ABI to a lesser degree, the report found.
The departments of Defense and Commerce have outlined their achievements in space in a pair of exit memos. The Obama Administration also outlined its space achievements in the Office of Science and Technology exit memo.
There is no mention in the Department of Transportation’s exit memo of the FAA Office of Commercial Space Transportation, which is playing an increasingly important role in the sector.
Below are excerpts from those memos from the Defense and Commerce departments. (more…)
Washington, Apr 19 (Bill Posey PR) — Today, Congressman Bill Posey (R-Rockledge) introduced legislation to allow for private sector investment in the Department of Defense for space transportation in an effort to modernize America’s defense capabilities, promote America’s commercial space industry and help America regain the loss of commercial launches.
“A priority for me is working to secure America’s leadership in launch vehicles, technology and operations and this bill helps us do that,” said Congressman Bill Posey. “We have been losing launches to overseas competitors and that is not good for our economic competiveness or our national security. We need to change that direction and my bill will do that. This bill is a win-win.”
U.S. likely to lift ban on ISRO, DRDO soon The Hindu
The U.S., which imposed curbs on trade with defence entities like ISRO and DRDO following Indiaâ€™s nuclear tests in 1998, has set in motion regulatory changes to lift the ban soon, thus fulfilling a commitment made by President Barack Obama.
A formal notification to lift the ban by the U.S. Department of Commerce for this purpose is in advanced stage, top U.S. officials said. (more…)
On September 22, 2010, the Department of Commerce â€“ Economic Development Administration (EDA) awarded Space Florida $400,000 for development of a strategic economic development strategy for Floridaâ€™s Space Coast Region, to include Brevard and surrounding counties. Space Florida will provide an additional $100,000 in matching funds to the project.
On Wednesday, the Department of Commerce made its preliminary announcement for the Space Coast Regional Innovation Cluster Competition. The $35 million program will fund innovative projects to help transition laid off space shuttle workers into new jobs. Proposals are due on Oct. 15.
President Obama has nominated Sen. Judd Gregg (R-N.H.) for commerce secretary.
The nomination is the last for Obama’s Cabinet. New Mexico Gov. Bill Richardson (D) was nominated Dec. 3 to head the Commerce Department, but he withdrew his name from consideration a month later because of a federal investigation involving state government contracts.
“A federal grand jury is investigating how an investment company won more than $1.5 million in work advising the state of New Mexico after making contributions to the political action committees of Gov. Bill Richardson, President-elect Barack Obama’s choice to be commerce secretary….