In his State of the Union Address, the President discussed the importance of American innovation to create the jobs and industries of the future. This week, the White House announced a series of programs that will help startup companies succeed, make businesses more energy efficient and save tens of billions of dollars, and harness the ingenuity of the American people to ensure economic growth that is rapid, broad-based, and sustained.
Startup America
On Monday, the White House launched Startup America, a new initiative to help entrepreneurs overcome what’s often called the “valley of death” on the way to success by helping with access to capital, streamlining regulations, mentors for experienced advice, and tax breaks to help them get over the hump. Private companies have already committed more than $350 million to help.
Austan Goolsbee, Chairman of the Council of Economic Advisers, explained the new program in the latest edition of White House White Board.
Watch the video.
Better Buildings Initiative
On Thursday, President Obama travelled to Penn State University an announced an ambitious initiative to make American businesses more energy efficient. The Better Buildings Initiative will achieve a 20 percent improvement in energy efficiency in commercial buildings across the country over the next decade, saving companies and business owners tens of billions of dollars a year.
Watch the video of the President’s remarks at Penn State and learn more about the Better Buildings Initiative.
A Strategy for American Innovation
On Friday, Director of the National Economic Council Gene Sperling and Chairman of the Council of Economic Advisers Austan Goolsbee unveiled “A Strategy for American Innovation: Securing Our Economic Growth and Prosperity,” a report outlining the importance of investing in innovation to grow our economy, create jobs and win the future.
The full report is available at WhiteHouse.gov/Innovation and the White House is asking for public feedback, comments and questions on the report via Slideshare. Check out the Strategy for American Innovation and tell us what you think.
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