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New DOC Report Examines the Federal Role in U.S. Innovation and Competitiveness

From NIST Tech Beat: January 10, 2012

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Contact: Gail Porter

NIST Director Patrick Gallagher discusses How to Out Produce: Revitalizing Manufacturing from The Competitiveness and Innovative Capacity of the United States, one of seven brief videos by DOC officials that accompany the new report.
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On Jan. 6, 2012, the U.S. Department of Commerce (DOC) issued a new report highlighting key policy priorities to sustain and promote American innovation and economic competitiveness. The report, The Competitiveness and Innovative Capacity of the United States, examines the historic role of federal investments in research, education and infrastructure in driving the nation's economic competitiveness, business expansion and job creation, and argues for continued strong support for those three areas as well as manufacturing.

The report was mandated as part of the America COMPETES Reauthorization Act of 2010. It 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 policy recommendations and observations in the COMPETES report include:

A new DOC Web site devoted to the COMPETES report (at www.commerce.gov/americacompetes) provides the report itself, background materials and short video presentations by top DOC officials—including National Institute of Standards and Technology (NIST) Director Patrick Gallagher—highlight key points of the report.