Boosting Productivity, Innovation, and Growth through a National Innovation Foundation
By Robert Atkinson, Nonresident Senior Fellow, Metropolitan Policy Program and , Senior Research Associate, Metropolitan Policy Program, The Brookings Institution. April 2008.
This new report from The Brookings Insitution details how "innovation drives America’s economic growth and ultimately determines its living standards and those of its metropolitan areas. However, the nation faces a growing innovation challenge in today’s global economy. To respond, the federal government should establish a National Innovation Foundation (NIF)—a new, nimble, lean, and collaborative entity devoted to supporting firms and other organizations in their innovative activities. By enhancing America’s world-class entrepreneurial and market environment, NIF would boost the nation’s innovation leadership for the 21st century and raise productivity and incomes. Moreover, by supporting workforce development and performance improvement in firms, NIF would help create better jobs for high school graduates in manufacturing and “low tech” services as well as those with advanced degrees in high technology industries."
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Source: The Brookings Institution