Report outlines importance of investing in innovation to promote growth, create jobs and win the future

WASHINGTON – Today, the White House released “A Strategy for American Innovation: Securing Our Economic Growth and Prosperity,” an update to the administration’s innovation report from September 2009.  The report outlines the importance of investing in innovation to grow our economy, create jobs and win the future. 

In his State of the Union Address, the President discussed the importance of innovation to create the jobs and industries of the future.  On Monday, the White House launched “Startup America,” an initiative to encourage investment in new startups and small business to create jobs.  On Thursday, the President traveled to Pennsylvania to propose the “Better Buildings Initiative,” a new effort to improve energy efficiency in commercial buildings across the country, and reiterated his call to expand the Advanced Research Projects Agency – Energy (ARPA-E) program and to double the number of Energy Innovation Hubs.

Today at 1:30 pm ET in the Brady Briefing Room, Gene Sperling, Director of the National Economic Council, and Austan Goolsbee, Chairman of the Council of Economic Advisers, will discuss the new report.

The full report is online and available for public comments and feedback at 11:00 am ET at www.whitehouse.gov/innovation.

A fact sheet on the report’s findings is available HERE.