U.S. governmental agency
established to oversee U.S. and international commerce
by way of promoting, developing and fostering economic, community
, and workforce development
. There is a federal Department
of Commerce and a state-level Department of Commerce. Both governmental agencies have similar goals but have different rules and regulations. For example, the state Department of Commerce might provide
a tax relief
expenses related to becoming more energy
efficient while the federal Department of Commerce might give a federal tax break
for companies that are already energy efficient.
Also called Commerce Department.