Committee on Science and Technology
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Press Releases :: August 25, 2010

Report Finds Investments in Innovation are Paying Off

(Washington, DC) – Vice President Joe Biden unveiled a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which finds that the Recovery Act’s investments in science, technology and innovation are creating new jobs and strengthening advances in science that will create cost cuts for consumers.

Chairman Bart Gordon (D-TN) offered the following statement: 
“This report reiterates that investments in innovation have a direct and positive impact on our economy.  Innovation—especially new energy technology—is the path to solving climate change, meeting our growing needs for energy, reinvigorating our economy, and ensuring our competitiveness over the long-term by creating good jobs in America. The America COMPETES Reauthorization Act of 2010, which passed the House of Representatives in May, authorizes important investments in science, innovation, and education. These investments will support employers today while encouraging the growth of the new industries of tomorrow, and the jobs that come with them. Thanks to investments like those in COMPETES and the Recovery Act, the US is better positioned to maintain its scientific and economic global leadership.”
For more information on the Committee’s work on COMPETES, please visit our website.

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