Why we should be paying attention to the Bipartisan Innovation Act
The last two years have been difficult to say the least. Between the Covid-19 pandemic and the recent Russian attacks against Ukraine, it can be difficult to reflect on the state of the world while remaining positive for the future and our children.
In times like these, we look to our business and elected leaders to offer us hope and a light at the end of the tunnel. As I watched President Biden’s State of the Union last night, I was struck by the following quote –
“But folks, to compete for the jobs of the future, we also need to level the playing field with China and other competitors. That’s why it is so important to pass the Bipartisan Innovation Act sitting in Congress that will make record investments in emerging technologies and American manufacturing. We used to invest 2 percent of our G.D.P. in research and development. We don’t now. China is.”
And he’s right. We are falling behind to countries like China, and I can’t help to think what this will mean for my son Kayan and his generation.
For our country to continue to be successful, we must be invested in invention, innovation, and entrepreneurship here at home.
The recent news of Intel’s new semiconductor chip plant in Ohio should be a glimmer of hope for all of us — this new plant will be beneficial to our entire country and will help get us back on our feet and toward the road to recovery.
It is also an important lesson for company and industry leaders, many of whom have significant impact and influence over our country and leaders, showing it is time we stop putting all our eggs in one basket and outsourcing overseas. We need to be investing in our workforce in our own backyard.
The impact of this is great, and will ultimately be what provides the light at the end of the tunnel.
