First Minister Carwyn Jones has announced plans for an awards scheme to recognise 'ordinary people who do extraordinary things' in Wales.
The St David Awards are due to be launched next year and will work via a nominations system.
The First Minister said: “I have often felt humbled by the extraordinary stories of individuals who work tirelessly, without publicity or self-interest, for the benefit of others and who genuinely make Wales a better place.
“Work is currently being carried out by my officials to identify the appropriate sectors for recognition and the deliberation process for making the awards."
Mr Jones said he would like to see 'a strong business component' in the awards, with the private sector properly recognised.
He added that he was also keen to see an accolade for those who help raise Wales' profile internationally.
A survey by Cadw, the heritage organisation, has found that less than half of Welsh people know the story behind St. David's Day.
Legend has it that Saint David, or Dewi Sant in Welsh, travelled though south Wales and the west of England, founding religious centres along they way.
He had a strong and loyal following who believed he could work miracles. Tradition has it that he died on the first day of March in 589AD, and this date later became Wales's National Day.
Cadw is encouraging people to reconnect with their heritage on St. David's Day by opening its sites for free on 1st March.
The CEO of Llangennech company Hydro Industries, which has signed a business deal with American salvage firm T&T, has described the joint venture as 'genuinely exciting'.
The agreement will see Hydro, a water treatment manufacturer, working in the US emergency response arena.
It is a great privilege to work side-by-side with a market giant such as T&T.
During the next three years, this project will create high quality job opportunities for an estimated 100 people, not only within Wales but for Welsh people who have an ambition to work outside the UK in exciting and diverse locations.
The Welsh Government says it welcomes the new deal between Llangennech-based company Hydro Industries and US giants T&T Salvage and will 'continue to support them' in their venture.
The agreement is set to create 100 jobs in Wales.
I welcome this new venture involving two companies that between them have the potential to bring about real environmental benefits through mitigating the damaging effects of disasters, whether they be natural or man-made.
This agreement today will not only launch Hydro into the US emergency response arena – a truly significant market - but will also generate a good number of high quality jobs in Wales.
Around 100 new jobs are set to be created in Wales through a joint venture between Llangennech-based company Hydro Industries and US company T&T Salvage.
The deal was sealed during a four-day trade mission in San Francisco, where First Minister Carwyn Jones is leading a delegation of 18 Welsh businesses.
Hydro Industries specialises in the design, manufacture and operation of electro-based water treatment products. The deal will see unique products that have been developed and patented in Wales deployed across the United States market.
BREAKING : 2200 Feb 11 : Transatlantic deal sealed in San Francisco set to create 100 jobs in Wales .... More to follow #Walestrademission
More Welsh firms are looking to overseas markets to fill their order books, driven by sluggish demand at home.
Over £13bn of goods are exported from Wales each year, with more than a quarter going to the United States.
Now the First Minister is heading to San Franscisco - the latest stop in a series of 16 trade missions this year designed to promote Wales as a place to invest and Welsh companies abroad.
Our Business Correspondent Carole Green has been to see several Welsh firms whose thirst for overseas business in paying off.
The First Minister arrives in the US today to meet with business, political and academic leaders in San Francisco as part of a four-day trade mission.
Carwyn Jones will lead a delegation of 18 Welsh companies from sectors including life sciences, ICT, and the creative industries in efforts to promote trade and potential inward investment in Wales.
I've been talking to First Minister Carwyn Jones to get his response to today's Supreme Court judgement. He told me it vindicates the Welsh Government's position although he admitted it has been a 'useful' clarification of the law. Watch his answers below:
I’m very pleased the Supreme Court has ruled in our favour in this case. Their judgment is confirmation that the Welsh Government's position was right.