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The “American Competitiveness Initiative” May 25, 2006

Posted by Tom in Economic Development, Education, Innovation, Technology, Workforce.

As I keep digging for information on the alignment between workforce and economic development, I am constantly amazed at what already is in the works. If 50 percent of the concepts being promoted see the light of day, we will have an amazingly competitive economic development position that leverages the potential workforce to its fullest extent.

Case in point, the "American Competitiveness Initiative," which was discussed by US Department of Labor Deputy Secretary Steven Law in Casper, Wyoming:

The "American Competitiveness Initiative" commits $5.9 billion in fiscal year 2007, and more than $136 billion over 10 years, to increase investments in research and development; to bolster math, science and technological education; and to encourage innovation. The measure currently is working its way through Congress.

Discussions of our colossal national debt aside (which I acknowledge makes the entire discussion of this concept difficult), this is an fascnating idea and one worthy of serious Congressional consideration. A proactive investment in these workforce/employer initiatives could yield rewards that would place America back in a position of relative strength in the global economy.



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