Pelosi Statement on White House Report on American Innovation

Washington, D.C. - Democratic Leader Nancy Pelosi released the following statement today on the report released by the White House, “A Strategy for American Innovation: Securing Our Economic Growth and Prosperity,” which is an update to the Administration’s innovation report from September 2009 :

“Last week, in his State of the Union address, President Obama offered a vision for a strong future for our nation, rooted in the entrepreneurial spirit of the American people. Today, in this new report, the White House has outlined a strategy to create jobs and promote growth, while keeping America number one.

“Innovation is the engine that drives the American economy and keeps us competitive in the global marketplace. Investing in American entrepreneurs and scientists to encourage innovation is critical to creating jobs today and in the future. If we make it in America, we can lead the world in developing the technologies that will revolutionize our communications, energy, transportation and building infrastructure.

“This plan is rooted in the bipartisan COMPETES Act, which was passed by Congress and created ARPA-E and innovation hubs to encourage the pursuit of high-risk, high-reward energy technology development. This legislation bolstered our efforts to create new jobs, find new markets for American products, and offer more students the chance to realize the American dream; President Obama’s innovation plan will only strengthen our efforts.”