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Blog Category: America COMPETES Act

Tapping Stakeholders to Help Accelerate Innovation and Entrepreneurship

When you want something done, give it to a busy person. In the case of the newly appointed members of the National Advisory Council on Innovation and Entrepreneurship (NACIE), the Department of Commerce has tapped a group of busy, innovative folks who are passionate about innovation, entrepreneurship, and workforce issues to advise the Secretary on compelling challenges and opportunities in these fields. 

With the “Open for Business” agenda, Secretary Pritzker made it clear that Commerce’s role is to be the voice of business to support the Obama Administration’s focus on economic growth and job creation. Additionally, this new vision recognizes the demands of a globally competitive economy. With the new members of NACIE hailing from companies small and large as well as nonprofits and academia, the new NACIE will be a conduit for that voice of business.  As it begins its work on December 5, 2014, the Council will be focused on the theme of “creating globally competitive regions.” 

NACIE was created in 2010 as part of the America COMPETES Act reauthorization to advise the Secretary of Commerce on innovation and entrepreneurship. The previous NACIE produced several impactful outcomes, including The Innovative and Entrepreneurial University: Higher Education, Innovation and Entrepreneurship in Focus report and the Improving Access to Capital for High-Growth Companies report, the latter of which served as the basis for the JOBS Act and began the process of expanding the capabilities and impact of crowd funding. 

With this iteration of NACIE, we’ve added a focus on the talent portion of the ecosystem. Having the right skilled workforce in the right place at the right time is a common challenge that is hampering many companies’ ability to grow and be competitive. Too many businesses can’t find skilled workers for jobs they want to fill, while too many people looking for a job may be ready to learn new skills but may not be certain that there’s a job waiting for them on the other end.

The specific challenge that will be issued to the NACIE members at their first organizational meeting on December 5 will be to look at what transformational investments and policies the federal government should facilitate that would help communities, businesses, and the workforce compete globally. There will be a focus on defining what “transformational” means and the Council will be urged to explore evidence-based outcomes that include metrics that can be used to monitor the impact of recommendations.

By bringing together this group of experienced, creative, and smart entrepreneurial thinkers, the Council is expected to develop innovative, actionable ideas to support the objectives of the Department of Commerce and Administration. And why not? Busy people clearly know how to get stuff done.

What Others Are Saying About the COMPETES report

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.

The Business Roundtable and the U.S. Chamber of Commerce wrote about the report and CNN asked a Commerce Innovation Advisory Board member about it (below).

Additionally, members of the Innovation Advisory Board recorded their own videos highlighting parts of the report they felt were most important.

Commerce Department Releases COMPETES Report: A Roadmap for Strengthening U.S. Competitiveness

Secretary Bryson Releases the America COMPETES report on American competitiveness

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. 

At 10am ET, watch Secretary Bryson present the report and then a distinguished panel discuss the findings. [The event has now concluded]

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.

The report was mandated as part of the America COMPETES Reauthorization Act of 2010, which was signed into law by President Obama in January last year. The report addresses a diverse range of topics and policy options, including: tax policy; the general business climate in the U.S.; barriers to setting up new firms; trade policy, including export promotion; the effectiveness of Federal Research and Development policy; intellectual property regimes in the U.S. and abroad; the health of the manufacturing sector; and science and technology education.

The full report, as well as additional resources, can be found online at www.commerce.gov/competes

Some key findings of the report include:

A Timeline of Out Compete-ing

Infographic: Setting the Stage

The 20th century was a period of extraordinary performance in the United States. Americans were living longer and more fruitful lives.  They were better-educated than past generations and residents of other countries. The United States was out-innovating, out-educating, out-connecting, and out-producing the rest of the world, assisted by ground-breaking research and federal funding. Life expectancy was higher than it had ever been, more than 70 percent of teenagers were enrolled in secondary education, and in 1986 the United States comprised 25.2 percent of the world’s economy. The technical advances of the period impacted all aspects of daily life – the construction of the Interstate Highway System physically connected the country in a way never before possible, while the personal computer connected people and industry in ways previously unimagined. In the 1960s, the investments in science paid off: the United States was transformed into the world leader of the space race and the information technology industry.

50 years later, these innovations are still major parts of American lives. The 21st Century has seen huge surges in information infrastructure. As the capacity and usage of the Internet began to grow in the 1990s, the need for better interfaces for sifting through all the information led to early search engines like Yahoo! and later Google, Inc. -- both supported by National Science Foundation (NSF) grants. From there, Internet use, and later high-speed broadband Internet use surged. According to the U.S. Census Bureau’s Current Population Survey, broadband Internet use by households grew from just four percent in 2000 to 68 percent in 2010.

The turn of the century also witnessed incredible advances in medicine and science. In 2003, the Human Genome Project consortium released the sequence of the human genome, and the knowledge this consortium provides will revolutionize diagnoses, treatment, and hopefully even prevention in the of number of diseases. Just a few years later, in 2006, a vaccine was approved to prevent cervical cancer, a disease that claims the lives of nearly 4,000 women each year in the United States.

From 1963 to 2008, real income per person increased in every state, with 34 states (plus the District of Columbia) seeing growth of more than 150 percent. Productivity in America is also at an all-time high. If the United States is to continue to “out compete,” it is imperative that the funding of innovative research and development continue as well. To extend this timeline of historical exceptionalism, our current workforce, as well as future generations, needs the support and funding of public institutions and the federal government.

Commerce Department Hosts First Innovation Advisory Board Meeting

Commerce Department Hosts First Innovation Advisory Board Meeting

The Innovation Advisory Board held its first meeting today at the United States Patent and Trademark Office in Alexandria, Va.  Acting Deputy Commerce Secretary Rebecca Blank led the meeting and Secretary Gary Locke welcomed and thanked the new board members for their service. The 15-member board will guide a study of U.S. economic competitiveness and innovation to help inform national policies at the heart of U.S. job creation and global competitiveness. 

In the State of the Union, President Obama launched a commitment to winning the future by out innovating the rest of the world. The board will build upon the early work and findings of the President’s Council on Jobs and Competitiveness and Startup America to advise the U.S. Department of Commerce as it produces a report by January 2012 assessing America's capacity for innovation and our global economic competitiveness. The study will analyze all facets of the economy impacted by national policy, including trade and exports, education, research and development, immigration, technology commercialization, intellectual property and tax policy.   

The Innovation Advisory Board was established by the America COMPETES Reauthorization Act of 2010, signed by President Obama in January of this year. See list of board members. See a statement on today’s inaugural meeting from Acting Deputy Commerce Secretary Blank.

What the America COMPETES Act Means for the Department of Commerce

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