This week, President Obama signed the America COMPETES Act, signifying the importance of science, education and technology to America’s ability to innovate and remain competitive in the 21st century. The America COMPETES Act reauthorizes spending across the federal government on a variety of programs at agencies like the National Science Foundation, the Department of Energy and here at the Department of Commerce.
The act authorizes our National Institute of Standards and Technology (NIST) to receive funding that would double its core science and technology budget by 2017, and elevates the position of the director of NIST to include the additional title of Under Secretary for Standards and Technology. It better equips our National Oceanic and Atmospheric Administration to conduct cutting-edge research and further innovation in oceanic and atmospheric technology development. And it establishes a new Regional Innovation Program to be administered by our Economic Development Administration that encourages and develops regional innovation strategies like clusters and science and research parks that help businesses grow and take advantage of regional strengths. Finally, the new legislation reaffirms the mission of our Office of Innovation and Entrepreneurship – first announced in September 2009 – which works to unleash and maximize the economic potential of new ideas by more quickly moving them from the research lab to the marketplace.
This renewed commitment to science, education and technology illustrated through bipartisan Congressional support for the America COMPETES Act will greatly benefit the work done at the U.S. Commerce Department, and help fuel U.S. job growth, economic development and global competitiveness. | Locke statement | White House blog | NIST release