From Carnegie’s steel mills to Boeing’s Dreamliners, America’s drive to discover and make the next big thing has propelled our economy for decades. And vice versa. Manufacturing is our nation’s leading buyer of technology, accounts for 90 percent of all new patents, and 70 percent of private-sector research and development.
Fostering that innovative edge is an investment in our economic future. But pro-innovation policies must translate into jobs for American workers. Public-private innovation hubs are being created across the U.S., each with an industrial specialty. Federal R&D tax incentives that spur innovation should require the manufacturing of the resulting products to occur in America. Will we enact smart policies that maintain innovation and manufacturing in the U.S.?
The Facts
The U.S. expertly encourages innovation. But we need more. And we aren’t reaping the full benefits of our commitment to R&D.
Innovation Can Drive New American Jobs
To restore American leadership in manufacturing, public investment in industrial research and development must be robust and directed to create factory jobs in the United States.
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