Tech Leaders Urge Investments in Digital Infrastructure as Part of Recovery Plan

In a letter sent to House and Senate leaders, The Technology Association of America, formed by the merger of the Information Technology Association of America (ITAA) and AeA, formerly the American Electronics Association, joined over 100 companies urging lawmakers to include strategic investments in digital infrastructure in the economic stimulus and recovery plan. In the letter, 115 CEOs and business leaders said investments in health care information technology, broadband and energy smart grids “will provide our nation with a near-term stimulus and long-term comparative advantage.”

“We are encouraged by the recent action taken by the U.S. House of Representatives to put together an economic stimulus proposal that recognizes the need to transform our economy through science and technology and create jobs for all Americans,” commented Phil Bond, President of The Technology Association of America. “Technology and innovation have built the America we know today, and will continue to provide the foundations of a strong, competitive and prosperous economy. We look forward to working with leaders in the U.S. Senate to ensure a brighter future for all Americans.”

“Investments in America’s digital infrastructure will spur significant job creation in the immediate term. An investment of $40 billion in America’s IT network infrastructure will create more than 949,000 U.S. jobs, more than half of which will be in small businesses,” wrote the business leaders to House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid, Senate Republican Leader Mitch McConnell and House Republican Leader John Boehner.

“Congress and the new Administration face a formidable task, restoring the nation’s confidence and encouraging the innovation, risk-taking and entrepreneurship needed to get our country moving again. The investments in a smarter energy grid, health care IT (such as electronic medical records) and accelerating broadband deployment recommended by President Obama will not only stimulate the economy, but will also accelerate long-term growth. They fund the future,” added the business leaders.

The letter was spearheaded by the Technology CEO Council, TechNet, the Information Technology Industry Council and The Technology Association of America.

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