Boise State Joins National Call for Investment in Innovation

Via Boise State University Blog Post 

Boise State University has joined other leaders of American business, industry, higher education, science and engineering in an urgent call to action for stronger federal policies and investment to drive domestic research and development.

Ten CEOs and 252 organizations signed “Innovation: An American Imperative,” a document aimed at federal decision makers and legislators. It underscores the findings — and warnings — contained in the American Academy of Arts & Sciences report, “Restoring the Foundation: The Vital Role of Research in Preserving the American Dream.”

According to the report, “There is a deficit between what America is investing and what it should be investing to remain competitive, not only in research but in innovation and job creation.” The United States is failing to keep pace with competitor nations with regard to investments in basic research and development.

America’s ascendency in the 20th century was due in large part — if not primarily — to its investments in science and engineering research. Basic research is behind every new product brought to market, every new medical device or drug, every new defense and space technology and many innovative business practices.

Over the last two decades, a steady decline in investment in research and development (R&D) in the United States has allowed our nation to fall to 10th place in R&D investment among Organisation for Economic Co-operation and Development nations as a percentage of gross domestic product.

At this pace, China will surpass the United States in R&D intensity in about eight years.

These developments led a diverse coalition of those concerned with the future of research in America to join together in presenting the Innovation Imperative to federal policy makers and urging them to take action to:

End sequestration’s deep cuts to federal investments in R&D
Make permanent a strengthened federal R&D tax credit
Improve student achievement in science, technology, engineering and mathematics (STEM)
Reform U.S. visa policy
Streamline or eliminate costly and inefficient regulations
Reaffirm merit-based peer review
Stimulate further improvements in advanced manufacturing

The CEOs who have signed on to the effort include:

Samuel R. Allen, Chairman and CEO, John Deere
Norman R. Augustine, Co-Chair, Restoring the Foundation
Wes Bush, Chairman, President and CEO, Northrop Grumman
Kenneth C. Frazier, Chairman and CEO, Merck and Co., Inc.
Marillyn A. Hewson, Chairman, President, and CEO, Lockheed Martin Corporation
Charles O. Holliday, Chairman, Royal Dutch Shell plc
Joseph Jimenez, CEO, Novartis
James McNerney, Jr., Chairman of the Board and CEO, The Boeing Company
Satya Nadella, CEO, Microsoft
Jay Timmons, President and CEO, National Association of Manufacturers