United States Department of Commerce
The Herbert C. Hoover Building, the headquarters of the U.S. Department of Commerce.
|Formed||February 14, 1903|
|Jurisdiction||United States of America|
|Headquarters||Herbert C. Hoover Building|
1401 Constitution Avenue NW, Washington, D.C., U.S.
|Annual budget||US$9.67 billion (2018)|
US$14.2 billion (est. 2010)
US$9.3 billion (est. 2011)
US$8.6 billion (2014)
The United States Department of Commerce is the Cabinet department of the United States government concerned with promoting economic development. It was originally created as the United States Department of Commerce and Labor on February 14, 1903. It was subsequently renamed to the Department of Commerce on March 4, 1913, and its bureaus and agencies specializing in labor were transferred to the new Department of Labor.