The U.S Department of Commerce today delivered to Congress a comprehensive report on “The Competitiveness and Innovative Capacity of the United States.” The report serves as a call to arms, highlighting bipartisan priorities to sustain and promote American innovation and economic competitiveness.
The report makes three important findings:
- Federal investments in research, education and infrastructure were critical building blocks for American economic competitiveness, business expansion and job creation in the last century;
- Failures to properly invest in, and have comprehensive strategies for, those areas have eroded America’s competitive position; and,
- In a constrained budgetary environment, prioritizing support for these pillars is imperative for America’s economic future and will provide a strong return on investment for the U.S. taxpayer.