American Competitiveness Initiative: Difference between revisions

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 == Background ==
-In October 2005, the National Academies of Science released a report that revealed how U.S. technological leadership and export are currently under threat. As an example, the report cited that out of the 120 chemical plants built around the world worth $1 billion or more, one is constructed in the United States but 50 are in China.<ref>{{Cite book|title=India and China: An Advanced Technology Race and how the United States Should Respond|last=Preeg|first=Ernest|publisher=Manufacturer Alliance|year=2008|isbn=9780974567433|location=Arlington, VA|pages=249}}</ref> The organization stressed that "the scientific and technical building blocks of our economic leadership are eroding at a time when many other nations are gathering strength."<ref>{{Cite web|url=https://www.huffingtonpost.com/mike-mccready/is-america-on-the-right-p_b_64003.html|title=Is America On The Right Path?|last=McCready|first=Mike|date=2007-09-11|website=Huffington Post|language=en-US|access-date=2018-07-04}}</ref> Three months after the publication of the report, ACI was announced in President [[George W. Bush]]’s [[State of the Union Address]] given on January 31, 2006.<ref>{{Cite web |url=http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=2006_presidential_documents&docid=pd06fe06_txt-11.pdf |title=Statement on Senate Confirmation of Samuel A. Alito, Jr., To Be an Associate Justice of the United States Supreme Court |date=January 31, 2006  |access-date=October 19, 2010 |archive-date=December 12, 2010 |archive-url=https://web.archive.org/web/20101212205232/http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=2006_presidential_documents&docid=pd06fe06_txt-11.pdf |url-status=dead }}</ref>  In his statement, the President said: "Our greatest advantage in the world has always been our educated, hard-working, ambitious people - and we are going to keep that edge."<ref>{{Cite book|title=A Charge Kept: The Record of the Bush Presidency 2001 - 2009|last=Bush|first=George|publisher=Morgan James Publishing|year=2009|isbn=9781600377877|location=New York|pages=75}}</ref>
+In October 2005, the National Academies of Science released a report that revealed how U.S. technological leadership and export are currently under threat. As an example, the report cited that out of the 120 chemical plants built around the world worth $1 billion or more, one is constructed in the United States but 50 are in China.<ref>{{Cite book|title=India and China: An Advanced Technology Race and how the United States Should Respond|last=Preeg|first=Ernest|publisher=Manufacturer Alliance|year=2008|isbn=9780974567433|location=Arlington, VA|pages=249}}</ref> The organization stressed that "the scientific and technical building blocks of our economic leadership are eroding at a time when many other nations are gathering strength."<ref>{{Cite web|url=https://www.huffingtonpost.com/mike-mccready/is-america-on-the-right-p_b_64003.html|title=Is America On The Right Path?|last=McCready|first=Mike|date=2007-09-11|website=Huffington Post|language=en-US|access-date=2018-07-04}}</ref> Three months after the publication of the report, ACI was announced in President George W. Bush’s [[State of the Union Address]] given on January 31, 2006.<ref>{{Cite web |url=http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=2006_presidential_documents&docid=pd06fe06_txt-11.pdf |title=Statement on Senate Confirmation of Samuel A. Alito, Jr., To Be an Associate Justice of the United States Supreme Court |date=January 31, 2006  |access-date=October 19, 2010 |archive-date=December 12, 2010 |archive-url=https://web.archive.org/web/20101212205232/http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=2006_presidential_documents&docid=pd06fe06_txt-11.pdf |url-status=dead }}</ref>  In his statement, the President said: "Our greatest advantage in the world has always been our educated, hard-working, ambitious people - and we are going to keep that edge."<ref>{{Cite book|title=A Charge Kept: The Record of the Bush Presidency 2001 - 2009|last=Bush|first=George|publisher=Morgan James Publishing|year=2009|isbn=9781600377877|location=New York|pages=75}}</ref>
 The Initiative committed $5.9 billion ($1.3 billion in new Federal funding, and an additional $4.6 billion in R&D tax incentives) in [[Fiscal year|FY]] 2007 to increase investments in [[Research and development|R&D]], strengthen education, and encourage [[entrepreneurship]].  Over ten years, the Initiative plans to commit $50 billion to increase funding for research and $86 billion for R&D [[tax incentive]]s.<ref name="eda">{{Cite web |url=http://www.eda.gov/PDF/EDAUpdate_0206.html |title=EDA Update - February 2006 |access-date=October 18, 2010 |archive-date=July 20, 2011 |archive-url=https://web.archive.org/web/20110720103447/http://www.eda.gov/PDF/EDAUpdate_0206.html |url-status=dead }}</ref> Key programs under the ACI include: