Navigation Links
IEEE-USA President praises US job growth initiative by Invest in America Alliance

WASHINGTON (26 February 2010) -- IEEE-USA President Evelyn Hirt praises the Intel-led Invest in America Alliance for its $3.5 billion initiative to support investment in U.S.-based technology companies over the next two years, and for its commitment to significantly increase jobs for college graduates.

"We commend the Invest in America Alliance for its investment in U.S. businesses and for creating high-skill job opportunities for U.S. workers," Hirt said. "Overall, this will benefit the U.S. economy as we recover from the recession, and it is anticipated that additional near- and long-term job opportunities will result. This pledge for hiring college graduates and the prospect of future job opportunities will assist in encouraging young people to continue to seek education in science and engineering."

Intel President and CEO Paul Otellini announced the initiatives Tuesday in a speech at the Brookings Institution in Washington.

"Strong, enduring economies grow out of a culture of investment and a commitment to innovation," Otellini said. "We simply must have a clear, consistent strategy to promote innovation, investment and start-up companies. There are things business can do, and ought to do, independent of what government achieves.

"It would be a long-term mistake to let our future scientists and engineers sit idle after graduation. [These] announcements are both an investment in the country's innovators and a signal to the global marketplace about America's commitment to innovation and future competitiveness."

The $3.5 billion alliance investment include a new $200 million "Intel Capital Invest in America Technology Fund" that will target key innovation and growth segments such as clean technology, information technology and biotechnology.

Otellini's announcement also included a pledge from 17 technology and other corporate leaders to increase their hiring goals for college graduates over 2009 levels, some as much as twofold. This represents 10,500 jobs, largely for those with engineering and computer science backgrounds.

Companies joining Intel in this pledge are Accenture, Adobe Systems Incorporated, Autodesk, Broadcom Corporation, CDW LLC., Cisco, Dell, eBay, Inc., EMC Corporation, GE, Google, Inc., HP, Liberty Mutual Group, Marvell Semiconductor Inc., Microsoft Corporation and Yahoo!

"I believe that together our commitments to seeding the ground with start-up capital will prove to be a very rewarding investment for both the companies that contribute, and for the competitiveness of the United States," Otellini said. "And, since venture-backed companies in the U.S. accounted for more than 12 million jobs, or 11 percent of total private sector employment in 2008, these investments will also help drive job growth in the U.S. now and in the future."


Contact: Chris McManes

Related biology news :

1. IEEE-USA President endorses national innovation strategy
2. IEEE-USA position encourages energy efficiency to save households money, reduce carbon emissions
3. Iowa middle school wins IEEE-USA National Engineering Award
4. IEEE-USA commends president for asking Congress to double support for critical research
5. First IEEE-USA Innovation Forum coming to Washington area in November
6. IEEE-USA innovation forum will help prepare US tech leaders to prosper in a global marketplace
7. HFSP President Arima and Secretary General Winnacker awarded for fostering cooperation with China
8. Dr. William Brody, President of the Salk Institute for Biological Studies, Appointed to GenVaults Board of Directors
9. GE Healthcare President & CEO, Mark Vachon, to Present at BioConference Live
10. 57 college presidents declare support for public access to publicly funded research in the US
11. Science Coalition commends Presidents strategy for innovation
Post Your Comments:
(Date:6/23/2017)... ITHACA, N.Y. , June 23, 2017 /PRNewswire/ ... leader in dairy research, today announced a new collaboration ... reduce the chances that the global milk supply is ... dairy project, Cornell University has become the newest academic ... Supply Chain, a food safety initiative that includes IBM ...
(Date:5/16/2017)... 2017   Bridge Patient Portal , an ... MD EMR Systems , an electronic medical record ... have established a partnership to build an interface ... GE Centricity™ products, including Centricity Practice Solution (CPS), ... These new integrations will allow healthcare delivery networks ...
(Date:4/18/2017)... , April 18, 2017  Socionext Inc., a global expert in ... media edge server, the M820, which features the company,s hybrid codec ... provided by Tera Probe, Inc., will be showcased during the upcoming ... NAB show at the Las Vegas Convention ... Click ...
Breaking Biology News(10 mins):
(Date:10/11/2017)... (PRWEB) , ... October 11, 2017 , ... Personal eye wash is a basic first ... eye at a time. So which eye do you rinse first if a dangerous substance ... Plum Duo Eye Wash with its unique dual eye piece. , “Whether its ...
(Date:10/11/2017)... and LAGUNA HILLS, Calif. , Oct. 11, ... Research, London (ICR) and University of ... SkylineDx,s prognostic tool to risk-stratify patients with multiple myeloma (MM), ... nine . The University of Leeds ... funded by Myeloma UK, and ICR will perform the testing ...
(Date:10/10/2017)... ... 2017 , ... San Diego-based team building and cooking events company, Lajollacooks4u, has ... The bold new look is part of a transformation to increase awareness, appeal to ... period. , It will also expand its service offering from its signature gourmet cooking ...
(Date:10/10/2017)... , Oct. 10, 2017 International research firm Parks ... Strategy, will speak at the TMA 2017 Annual Meeting , October ... trends in the residential home security market and how smart safety and ... Parks ... "The residential ...
Breaking Biology Technology: