America COMPETES Act - America COMPETES Act of 2010 - Provisions of Act - United States Innovation and Competitive Capacity

United States Innovation and Competitive Capacity

Section 604 of the COMPETES Act required a study on the competitive and innovative capacity of the United States. The Economic and Statistics Administration in the Department of Commerce completed the report. The report includes

  • An analysis of the United States economy and innovation infrastructure.
  • An assessment of the following:
    • The current competitive and innovation performance of the United States economy relative to other countries that compete economically with the United States.
    • Economic competitiveness and domestic innovation in the current business climate, including tax and Federal regulatory policy.
    • The business climate of the United States and those of other countries that compete economically with the United States.
    • Regional issues that influence the economic competitiveness and innovation capacity of the United States, including
      • the roles of State and local governments and institutions of higher education; and
      • regional factors that contribute positively to innovation.
    • The effectiveness of the Federal Government in supporting and promoting economic competitiveness and innovation, including any duplicative efforts of, or gaps in coverage between, Federal agencies and departments.
    • Barriers to competitiveness in newly emerging business or technology sectors, factors influencing underperforming economic sectors, unique issues facing small and medium enterprises, and barriers to the development and evolution of start-ups, firms, and industries.
    • The effects of domestic and international trade policy on the competitiveness of the United States and the United States economy.
    • United States export promotion and export finance programs relative to export promotion and export finance programs of other countries that compete economically with the United States, including Canada, France, Germany, Italy, Japan, Korea, and the United Kingdom, with noting of export promotion and export finance programs carried out by such countries that are not analogous to any programs carried out by the United States
    • The effectiveness of current policies and programs affecting exports, including an assessment of Federal trade restrictions and State and Federal export promotion activities.
    • The effectiveness of the Federal Government and Federally funded research and development centers in supporting and promoting technology commercialization and technology transfer.
    • Domestic and international intellectual property policies and practices.
    • Manufacturing capacity, logistics, and supply chain dynamics of major export sectors, including access to a skilled workforce, physical infrastructure, and broadband network infrastructure.
    • Federal and State policies relating to science, technology, and education and other relevant Federal and State policies designed to promote commercial innovation, including immigration policies.
  • Development of recommendations on the following:
    • How the United States should invest in human capital.
    • How the United States should facilitate entrepreneurship and innovation.
    • How best to develop opportunities for locally and regionally driven innovation by providing Federal support.
    • How best to strengthen the economic infrastructure and industrial base of the United States. How to improve the international competitiveness of the United States.

Read more about this topic:  America COMPETES Act, America COMPETES Act of 2010, Provisions of Act

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