On Friday, the Commerce Department unveiled the COMPETES Report: A Roadmap for Strengthening U.S. 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 are imperative for America’s economic future and provide a strong return on investment for the U.S. taxpayer.
Additionally, members of the Innovation Advisory Board recorded their own videos highlighting parts of the report they felt were most important.