Government Competitiveness Report: Manufacturing Is America's Biggest Source for Innovation
U.S. Department of Commerce (1/20/2012)

A new U.S Department of Commerce report delivered to Congress puts forth a number of bipartisan ideas on how to sustain and promote American innovation and economic competitiveness.

"The Competitiveness and Innovative Capacity of the United States" makes three important findings:

The report, mandated as part of the America COMPETES Reauthorization Act of 2010, addresses diverse topics and policy options. These include: tax policy; the general business climate in America, barriers to setting up new businesses, trade policy, the effectiveness of federal R&D policy; intellectual property "regimes" in the U.S. and abroad, the manufacturing sector's health, and science and technology education.

Other key findings include:

The report also delves briefly into other topics, including the benefits of regional clusters, corporate tax reform, intellectual property protection, the Startup America Initiative and the National Export Initiative.