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August 17th, 2007
Funding innovation a good use of California tax dollars
A new report by the Pew Center on the States and the National Governors Association - Investing in Innovation - confirms that California is a pioneer among the states in funding research and development that solves pressing public problems like climate change. This is encouraging news, but the Golden State shouldn't neglect the power it wields to drive innovation as one of the world's largest consumers of new technologies.
The report, on which I served as a consultant, scanned the 50 states to catalog the range of R&D activity taking place at the state level. It found that states are investing billions in areas as diverse as biotechnology, nanotechnology, advanced manufacturing and alternative energy.
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