Attributable to Micron CEO D. Mark Durcan, chair of the Technology CEO Council
“We applaud the permanent extension of the R&D tax credits included in the year-end spending bill. The United States pioneered the idea of incentives for businesses to invest in research and development, a significant driver of innovation and job creation. However, more»
American universities are responsible for educating some of the best minds in the world in STEM fields, however, restrictive immigration policies make it difficult to keep that talent. In TCC’s latest video, see how this “brain drain” is keeping the country from being competitive and is negatively affecting innovation, growth and jobs in the U.S.
The information and communications technology (ICT) industries are a vital part of the American economy, employing 4.2 million U.S. workers in 2012. Every sector of the economy relies on ICT hardware, software and services to some degree. In addition, over 70 percent of ICT spending occurs outside of the United States. Access to global markets enables American ICT companies to make substantial investments in research, capital spending, and worker training in the United States; increase productivity across sectors by developing innovative products and processes; and generate new ideas, firms, and jobs that maintain the pre-eminence of the U.S. ICT industries. Thus, growth of ICT exports is an essential element in the success of efforts to expand business opportunities for American workers and employers generally.
Leaders of some of the nation's top tech firms say protectionist cloud policies and Internet restrictions could undermine the potential of the data revolution. To that end, they call on policymakers to advocate the free flow of information across national borders -- and to pay special attention to nations restricting Internet freedom.