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June 12th, 2011
The Senate also discussed the Economic Development Revitalization Act, which would increase funding for the Economic Development Administration. Wyden spoke on the Senate floor Thursday, saying that EDA could help the nanotechnology industry create high-paying jobs in America.
"Federal efforts can support private sector initiatives in the nanotechnology field and together leverage U.S. advantages in innovation and technology and particularly facilitate job growth," he said. "America is in a fight for the future of nanotechnology. We are seeing China and a lot of our global competitors making major investments in this area. Our private sector is stepping up, but we ought to have the government partner as well. That is why EDA's support of nanotechnology and the innovation economy is so critical. They have partnered with the National Science Foundation and the National Institutes of Health to promote innovative approaches in health and science."
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