Representing the 13th Congressional District of Pennsylvania
| FOR IMMEDIATE RELEASE May 28, 2010 |
CONTACT: Tali Israeli 202-225-6111 |
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SCHWARTZ: AMERICA COMPETES ACT STRENGTHENS U.S. COMPETITIVENESS AND SPURS AMERICAN INNOVATION
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The America COMPETES Reauthorization Act will invest in modern manufacturing; spur American innovation through basic research and development; and create the next generation of entrepreneurs by improving math, science, technology and engineering education at all levels.
“We are taking a major step forward today to improve American innovation and strengthen our global competitiveness,” Schwartz said. “This bipartisan proposal will create new, good-paying jobs here in America, expand public-private partnerships and build a strong 21st century economy for future generations.”
The America COMPETES Act was originally enacted in 2007 and today’s reauthorization continues its work, preparing our nation for economic success in the 21st century. The legislation does this by:
· Boosting competitiveness for American businesses by preparing our workforce for 21st century jobs;
· Fostering innovation and encouraging entrepreneurship by building public private partnerships;
· Investing in fields of technology, science and engineering to lay the foundation for long-term sustainable economic growth; and
· Providing loan guarantees for small-and-medium sized manufacturers to help them access capital and become more efficient.
· Fostering innovation and encouraging entrepreneurship by building public private partnerships;
· Investing in fields of technology, science and engineering to lay the foundation for long-term sustainable economic growth; and
· Providing loan guarantees for small-and-medium sized manufacturers to help them access capital and become more efficient.
As Co-Chair of the New Democrat Coalition, Schwartz worked on Congress’s 2007 Innovation Agenda, which laid the foundation for the original COMPETES Act to be passed. As a centrist member of Congress, Schwartz has been a leader in embracing technology and supporting competitiveness for America’s businesses and workers.
The bill has broad support with the endorsement of more than 750 business, research and academic organizations including the Chamber of Commerce, National Venture Capital Association, Biotechnology Industry Organization, National Association of Manufacturers, Information Technology Industrial Council, Business Roundtable, TechNet, American Council on Education, and American Association for the Advancement of Science.
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