The US Department of Commerce has posed a report on US competitiveness and strategy to remain innovative in our competitive global climate. The report outlines the following steps to keep ahead of the competition.
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- Continue to increase and sustain government funding for basic research
- Enhance and extend the R&D tax credit
- Speed the movement of ideas from basic science labs to commercial application
- Address STEM shortcomings
- Increase spectrum for wireless communications
- Increase access to data to help spur innovation
- Coordinate federal support for manufacturing
- Continue and strengthen efforts to foster regional clusters and entrepreneurship
- Promote America's exports and improve access to foreign markets
- Ensure that the conditions exist in which private enterprise can thrive
