On Friday, the Commerce Department unveiled the COMPETES Report: A Roadmap for Strengthening U.S. Competitiveness. The report makes three important findings:

• Federal investments in research, education and infrastructure were critical building blocks for American economic competitiveness, business expansion and job creation in the last century;
• Failures to properly invest in, and have comprehensive strategies for, those areas have eroded America’s competitive position; and,
• In a constrained budgetary environment, prioritizing support for these pillars are imperative for America’s economic future and provide a strong return on investment for the U.S. taxpayer.

The Business Roundtable and the U.S. Chamber of Commerce wrote about the report and CNN asked a Commerce Innovation Advisory Board member about it (below).

Additionally, members of the Innovation Advisory Board recorded their own videos highlighting parts of the report they felt were most important.

Download the video: 

Arthur Levinson,Chairman, Genentech, Inc. and Apple, Inc, speaks about the COMPETES report

Read the transcript: 

Arthur Levinson,Chairman, Genentech, Inc. and Apple, Inc, speaks about the COMPETES report Transcript