WASHINGTON, Oct. 1, 2014 — (PRNewswire) — The U.S. Department of Commerce today announced it is unveiling a new version of the Assess Costs Everywhere (ACE) website.  The updated version of ACE will include a new calculator that helps businesses quantify the costs of having long lead times and understand precisely the potential value of locating manufacturing operations and supply chains in America.

"The new ACE tool shows how choosing to manufacture in America fosters huge savings by allowing firms to shorten their lead times," said Commerce Department Chief Economist Sue Helper.  "Many firms will find that they can reduce their costs by 20-30%, even before considering other costs of having far-flung supply chains. We are excited to launch this important new aspect of ACE 2.0 today."

Title: Launch ACE 2.0 Calculator
Date and Time: Wednesday, October 1
Location: http://acetool.commerce.gov/

For more information contact Jane Callen, Office of the Under Secretary for Economic Affairs, Email Contact, 202-482-2235.  The mission of the Economics and Statistics Administration is to provide high-quality economic analysis and foster the missions of the Census Bureau and the Bureau of Economic Analysis. Join us on the web at www.esa.gov , on Facebook and on Twitter @esaundersec.  Sign up to receive current economic indicators here: http://www.esa.doc.gov/about-economic-indicators.

Contact: Jane Callen
202-482-2235

SOURCE U.S. Department of Commerce

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U.S. Department of Commerce